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Standards, Strategy, and PolicyCases and Stories$
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Peter Grindley

Print publication date: 1995

Print ISBN-13: 9780198288077

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198288077.001.0001

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An Introduction to Strategy and Policy: Winning with Standards

An Introduction to Strategy and Policy: Winning with Standards

(p.1) 1 An Introduction to Strategy and Policy: Winning with Standards
Standards, Strategy, and Policy

Peter Grindley

Oxford University Press

This chapter introduces the framework for the status of a unique economics of standards including strategy and policy issues. Compatibility standard has been the key success, and the most significant improvements in products such as the video cassette recorder, compact disc and personal computer have depended on the adoption of common standards across an industry. Parallel problems have been viewed for setting standards, including the role of official standard bodies, whether these standards are set by the government authority or market forces. This book also explores the ways in which standards policy may be made more effective and how this book might help both to broaden our understanding of how standards work, and to help establish the standards as a normal component of business strategy.

Keywords:   economics, business strategy, policy, compatibility standard, video cassette recorder, compact disc, personal computer

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