- Standards enable competition and grow the market
- Standards enable specialization (innovation)
- Standards reduce design cost and quality of interfaces is typically better, design review is better
There are four different stakeholders in the development of standards (I distinguish purchasers from end-users because the purchaser of a product is often not the end user, especially in business settings.)
- Manufacturers of products that must adhere to standards.
- Purchasers of products that adhere to standards.
- End-Users of products that adhere to standards.
- Consumers of products and services that benefit from standardization.
Each one of them gains by participation in the development of standards. Manufacturers gain because the standards grow the market, lower development costs, and enable innovation. Purchasers gain because they can obtain easily measurable products of high quality and good cost. End users gain because they can obtain a wider variety (innovation again) of high quality products. And the real benefit is to the consumers of products and services because of the reduced cost and greater quality and variety of goods and services that standards enable.