Everyone benefits from standards
In our everyday lives, we don’t often realize that there are standards everywhere – even though many of them have a major impact on us. Just imagine if the electric bulb didn't fit the lamp, the screw didn't fit the nut, the USB connector only fitted into some PCs – or if no one agreed on fundamental management and quality principles. It would not be very effective.
It can be said that standards are a lingua franca that helps us understand things in the same way. This means that we can be sure that what we collaborate on or buy from each other matches expectations – whether this is between businesses, authorities or consumers.
Standards can, for instance, set requirements for the performance of a product, or describe technical terms in a given area. Standards can also indicate methods for e.g. testing a product's durability.