Strategy vs Policy The following are some of the differences between strategies and policies. 1. Policies are guidelines or paths of action to reach the goals, while strategies
5 Important Functions of Business Policies The important functions of business policy are: 1. Objectives of the company are defined and classified. 2. The planning function is done
15 Important Features of good business policies The following are some of the important and essential features of good business policy. 1. Policies act as guidelines to managers
For policies to be effective, they should be sound. For any business, such policies properly elucidated and correctly understood by all concerned in it are a prerequisite for