SINGAPORE - Every boss no doubt likes to think his company maintains pretty good standards.
But in an increasingly competitive global market, the pressure is on to conform to standards recognised across an industry - and often, across the globe.
These standards apply both to quality and compatibility.
Companies in Singapore are encouraged to adopt these independently conferred and verified standards to distinguish themselves from foreign rivals.
Consumers and manufacturers are also putting greater focus on how products are being made and services carried out - and they, too, look to these standards.
"Standards basically look at how things are done and these are what industries developed, based on a consensus of opinions," said Mr Edwin Khew, chairman of the Singapore Standards Council.
"They reflect the collective technical and management knowledge pertaining to a particular subject area."
He also outlined how standards provide many benefits to businesses.
One example is that implementing a common industry standard ensures products can be made to consistent specifications across various geographical locations.
He also said manufacturers adopting industry-accepted standards will open up opportunities in various foreign markets.
"All the components that go into a phone have to meet specific standards."