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    Establishing Standards to run a business

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    What does it mean to Establish Standards? Create a business that sells widgets and try to establish standards in the running of this business. Please stay concise.

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    https://brainmass.com/business/accounting/establishing-standards-business-280021

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    The following paragraphs are a combination of standards and procedures. The standards represent the 'plan' and the procedures implement the plan. Overall, the standards for a company should give consideration to "environmental, social and corporate governance" issues.
    (businessmirror)

    A new business, regardless of the type, must first consider a mission statement. That statement will include business goals and possibly specific guidelines for procedures and operations. A mission statement is a generalized guideline and sometimes a value statement is ...

    Solution Summary

    The solution explains both standards and procedures, and presents a good discussion of both.

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