Policies Policies are the means by which annual objectives wi | ProActiveLeadership

Policies

Policies are the means by which annual objectives will be achieved. Policies include guidelines, rules, and procedures established to support efforts to achieve stated objectives. Policies are guides to decision making and address repetitive or recurring situations.

Policies are most often stated in terms of management, marketing, finance/accounting, production/operations, research and development, and computer information systems activities.

Policies can be established at the corporate level and apply to an entire organization at the divisional level and apply to a single division, or at the functional level and apply to particular operational activities or departments.

Policies, like annual objectives, are especially important in strategy implementation because they outline an organization’s expectations of its employees and managers.

Policies allow consistency and coordination within and between organizational departments.