There are different types of performance measure standard that managers can establish. Standard defines as “the level of activity established to serve as a model for evaluating organizational performance.” (Certo, 2015) In a way, the standard is an indicator whether if the organization performance aligns with company’s strategy. Using the standard provided on page 394, below are some of the definitions, how they are measured, and the follow-up steps: Profitability Standard measure the company’s return on investment. For the business to sustain and growth, it must continue to increase company’s profitability. Finding the right strategy to increase profit involves knowing which area of the financial are working and which needs improvement. …show more content…
Panera Bread builds the core corporate value around the concept of “responsibilities” to the customer, stakeholders, environmental, and local communities. Giving back is an important concept for Panera Bread. Some of the social responsibilities programs establish by the company includes Panera Care, which helps raise donation for the communities, Day-End Dough-Nation donates unsold bread to the hungry citizen in the local communities, Panera Cares Community Breadbox partners with Feeding America to provide meals to those in needs. Additionally, on Fundraising Night, an organization needing to raise money arranges a date with Panera for a time when they bring their supporters in for dinner. The group receives 10 to 20 percent. In 2015, based on a survey conducted by Reputation Institute, Panera Bread ranked “the best reputation out of more than 30 US restaurants measured. Panera has gained a reputation advantage in the marketplace through substantial investments in new digital and mobile technologies, and a proven commitment to community involvement and socially responsible