Find an established standard in your industry (this could be a quantitative or qualitative standard). Create a presentation explaining the chosen established standard, and answering the following: why is this standard important to the industry? How was this standard developed? (Regulating body?, management decision?) Are there companies that have been identifies as having performance variances or violations? If so, provide an example, summarized in your own words What were the consequences? (Fines? lower profits? Etc.).

Post a summary of your presentation along with the link(s) for the source(s) of your information and a copy of the presentation. See below for an example submission of the summary.