Standard-setting organisations

Okay kiddo, let me tell you about standard-setting organizations. Imagine you're playing a game with your friends, and everyone has different rules for how to play. That can be frustrating and confusing, can't it?

Well, it's the same with companies and industries. They all have different ways of doing things, and that can make it hard for them to work together or for customers to understand what they're buying.

So, to fix this problem, a bunch of groups called standard-setting organizations were created. These organizations decide on a set of rules or standards that everyone should use. It's like making a rulebook for the game you're playing, so everyone follows the same rules and has a fair chance to win.

These standards can cover all kinds of things, like how to make products, how to test them, and how to measure their quality. They even make rules about how companies should interact with each other, like trading information or sharing resources.

The idea is that if everyone follows the same standards, it'll be easier for them to work together and for customers like you to understand what you're getting. It's like a secret code that everyone in the group understands, so they can communicate better.

So, there you have it, kiddo! Standard-setting organizations make sure everyone plays by the same rules, so things are more fair and easier to understand.