When coming to standardization, we face the common problem about who is eligible to release the standard. The standard in industrial product is easier than standard in policies or procedures. For the example, standard for video storage in VCR era. The competition between Betamax and VHS, or current competition in Digital Disc. Compare to standard in security such as BS17799 or ISO27001.
As you can see, the competition of industrial product standard is easier to be defined; who win the standard will be used by others. This easy because at the end the consumer who will buy the product is same: global society and nobody cares who release the standard.
Choosing the regulatory standard is really depend on the political situation in every country that using the standard. US Standard usually more effective in the country that it’s economical depend to US. And who follow British Standard maybe has an interaction more with British.
But if your company doesn't have any relation, which type of standard will you choose? Here is my suggestion.