A "standpoint" is a certain way of seeing things or a way of thinking about the world.

For example, you can explain why you can't take someone's suggestion for a proposed construction project for your company:

It would be nice to have, I agree. But it just doesn't make sense from a business standpoint.

The "business standpoint" means thinking about the project as a businessperson.

Other common "standpoints" include:

a political standpoint

a legal standpoint

a practical standpoint

a technical standpoint