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Standard network protocol

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Why is the idea of standard network protocal, such as OSI reference model, important? What are the advantages and disadvantages of developing a single standard protocal?

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A standard network protocol such as OSI reference model and TCP/IP are the backbone for today's computer systems and architecture. It allows communication between local area networks. Network protocols such as TCP/IP enable client server computing and assists in information sharing across the world. It has made the world a global village by providing an information super highway and is as important for business and commerce as roads, railways and airlines. Standard protocol allows different departments in the companies to share information and resources ...

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Standard network protocol