On the economic benefits of standardization

On 2010-12-22, @isostandards tweeted:

and helped me find a new publication on the WSC website.

WSC

World Standards Cooperation Newsletter No. 01 - 2010-12

Their World Standards Cooperation Newsletter No. 01 – December 2010 is about

Proven economic and social benefits

aiming to take on common misconceptions, such as

“Standards are expensive and lead to additional bureaucracy”
“Standards bring everything down to the lowest common denominator”
“The rigid framework of standards hampers innovation”
“Standards threaten our company’s Intellectual Property Rights” and… and… and…

going on to claim as a self-declaration,

Both small and large companies which are participating in the development of International Standards and use them in their business transactions are able to achieve cost-reductions, increased efficiency and a genuine competitive edge.

Sounds sexy. Let’s see. The standardization organizations are after all, developing and publishing the standards as their chosen business model. The had better bring verifiable proof so that we can trust and not take this as a marketing scheme.

The tweet links to this page directly,

How much will standardization contribute to your bottom line?

Now, we’re talking.

If you ever wished there were a way to clearly demonstrate and communicate the impact of standards on your bottom line… your wish has just come true.

No matter which international standards you use, this methodology provides you with the tools to calculate what you gain from using them.

Follow this link if you would like to discover the pilot study for the automotive industry that was done based on this methodology. By the way, the impact of standards in this sector alone came out to between USD 38 billion and USD 55 billion.

The methodology has been developed to provide decision makers with clear and manageable criteria to assess the value associated with using standards. It provides the tools to analyze a company or parts thereof. While it was primarily developed for-profit organizations, it can also be used for public bodies to assess the economic benefits of standards.

Click here for the full report

The full report is a study published 2010 January

Assessing Economic Benefits of Consensus-Based Standards
The ISO Methodology

The methodology has the following three objectives:

–    to provide a set of methods that measure the impact of standards on organizational value creation with an emphasis on business organizations;–    to provide decision-makers with clear and manageable criteria to assess the value associated with using standards; and

–    to provide guidance on developing studies to assess the benefits of standards within a particular industry sector.

The methodology was developed with the support of Roland Berger Strategy Consultants (RBSC) in a project organized in three phases:

•    Phase 1: analysis and comparison of recently published studies and their related methodologies (October 2008 – December 2008)

•    Phase 2: development of a generic methodology to assess and quantify the economic benefits of standards (February 2009 – May 2009)

•    Phase 3: application of the methodology to a pilot industry-sector worldwide (July 2009 – September 2009).

A project steering group and a team of reviewers was also associated to the project, involving experts from NSBs, research institutes and academic institutions.

Here you can download the report. Now you have an overview. If you decide to go deeper, please share what you find.

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About CoCreatr

A little here, a little there, virtually. Focus, filter, fortify, and forward.
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