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 Benefits to science and industry
 
Dianne78
2 posts
Joined
2/25/2007
Benefits to science and industry
Posted: 25 Feb 07 8:43 PM
The work of scientists, chemists, chemical engineers, and other professionals in the Regulatory World is vitally important to the homeland security initiative. But these standards impact technology and the rate of technological development in nearly all industries, not just homeland security. In the Regulatory World, there is a shared awareness of the growing need for globally relevant products, processes, systems, and personnel, and of the impact of market forces such as global trade and competition. Experience shows that regulatory companies that assume a leadership role in standardization gain a strategic advantage in the marketplace. A company in the Regulatory World that successfully introduces its technology to a standards-setting committee may gain a lead-time advantage that allows them to build a huge market for its products while their competitors are playing catch-up. This company may also be able to reallocate resources to the development of "next generation" technologies rather than to the development of an existing product line to encompass a standard that was more heavily influenced by a competitor. In the Regulatory World, participating in standards development activities offers an opportunity to influence domestic and international policy, benefit from unique networking opportunities, and learn from international colleagues. It also provides a forum for the presentation of corporate or, perhaps, personal positions and the opportunity to comment upon proposals submitted by others.
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