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