More to the point, why would you need to have a single Arm standard? And which one would you select? What would make your selection better than somebody else's?
No differences means no competition, no competition means no advances are obligatory for anybody. Stagnation results.
Computer monocultures are historically bad for lack of development (Internet Explorer stagnation during the 90s) and are more susceptible to attacks (Windows viruses, once again, mainly during the 90s, when Windows was supreme in the x86 world).