While competitors and customers believe in standards that are fair, impartial and open, a company’s competitive interests are often met by seeking unfair, proprietary and closely controlled advantage. Yet the open standards process is valuable to a company in broadening the potential market, building a positive market reputation and building a community of potential customers. The challenge is to participate in and drive standards in a fair, impartial and open manner while internally pursuing an aggressive competitive product, market and standards strategy. This article will discuss:
- Value of the Standards Process;
- Ethics and the Standards Process;
- Challenges of the Standards Process;
- Competitive Strategy and the Standards Process.