A more thorough explanation:

A standard-setting organization is a group that creates and establishes rules or guidelines for a specific industry or field. These rules can be related to technology, operations, or other aspects of the industry. The purpose of these standards is to ensure that all participants in the industry are following the same guidelines, which can improve safety, efficiency, and quality.

For example, the International Organization for Standardization (ISO) is a standard-setting organization that creates guidelines for various industries, such as manufacturing, healthcare, and technology. ISO 9001 is a standard that outlines requirements for a quality management system, which can be applied to any organization, regardless of its size or industry. By following these guidelines, organizations can improve their processes and ensure that they are meeting customer needs.

Another example of a standard-setting organization is the Institute of Electrical and Electronics Engineers (IEEE), which creates standards for the electronics and computer industries. IEEE 802.11 is a standard for wireless local area networks (WLANs), which ensures that devices from different manufacturers can communicate with each other. This standard has helped to create a more seamless and efficient wireless networking experience for users.