Standardization

DEFINITION

Standardization or standardisation is the process of developing and agreeing upon technical standards.
A standard is a document that establishes uniform engineering or technical specifications, criteria, methods,
processes, or practices. Some standards are mandatory while others are voluntary. Voluntary standards are
available if one chooses to use them. Some are de facto standards, meaning a norm or requirement which has an
informal but dominant status. Some standards are de jure, meaning formal legal requirements. Formal standards
organizations, such as the International Organization for Standardization (ISO) or the American National
Standards Institute, are independent of the manufacturers of the goods for which they publish standards.

The goals of standardization can be to help with independence of single suppliers (commoditization),
compatibility, interoperability, safety, repeatability, or quality.

In social sciences, including economics, the idea of standardization is close to the solution for a coordination problem,
a situation in which all parties can realize mutual gains, but only by making mutually consistent decisions.
Standardization is defined as best technical application consentual wisdom inclusive of processes for
selection in making appropriate choices for ratification coupled with consistent decisions for maintaining
obtained standards. This view includes the case of "spontaneous standardization processes", to produce
de facto standards.

Source Wikipedia

IMPACT ON E-BUSINESS

PRACTICAL LINKS

 European Comittee for Standardization

RELATED ISSUES

 

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