Innovation Management and International standards – how they Relate to Research Institutes

Standards are, according to dictionary definitions, principles of propriety, honesty and integrity. “A standard is an agreed way of doing something. It could be about making a product, managing a process, delivering a service or supplying materials – standards can cover a huge range of activities undertaken by organisations and used by their customers.†(Business Improvement and Standards https://www.bsigroup,com). They are important tools because they provide people and organisations with the foundations for mutual understanding, and are used to facilitate communication, measurement, commerce and manufacturing. Also, they are enabling companies to comply with relevant laws and regulations, and they help to speed up the introduction of innovative products to market, providing interoperability between new and existing products, services and processes.