Explanation:
When it comes to measuring and evaluating performance, it is essential to have a benchmark or standard against which the actual performance can be compared. This allows organizations to identify any gaps or discrepancies and make necessary adjustments to improve performance.

The standard performances refer to the predetermined expectations or targets that are set for various aspects of performance, such as productivity, quality, efficiency, and customer satisfaction. These standards are usually based on past performance, industry benchmarks, best practices, or organizational goals.

Actual performances:
The actual performances are the real-time results or outcomes that are achieved by individuals, teams, or the organization as a whole. These can be measured using performance metrics, key performance indicators (KPIs), or other relevant measures. By comparing the actual performance with the standard performance, organizations can determine whether the goals and targets are being met, exceeded, or not achieved.

Adjustments based on actual performances:
If the actual performance is consistently meeting or exceeding the standard performance, it may indicate that the standards are too low or not challenging enough. In such cases, adjustments need to be made to raise the standards and push for higher levels of performance. This ensures that the organization continues to improve and stay competitive.

On the other hand, if the actual performance is consistently falling short of the standard performance, it may indicate that the standards are too high or unrealistic. In such cases, adjustments need to be made to lower the standards and make them more achievable. This helps to avoid demotivation, frustration, and burnout among employees.

By measuring and comparing the actual performance with the standard performance, organizations can identify the areas where adjustments are needed. This could include revising targets, providing additional training or resources, redesigning processes or procedures, or implementing new strategies or initiatives.

Conclusion:
In conclusion, adjusting the standard performances based on the actual performances is crucial for maintaining and improving performance levels in organizations. It ensures that the standards are relevant, realistic, and challenging enough to drive continuous improvement.