THE CONCEPT OF BUSINESS POLIC
- Definition of Business Policy Business policies are the guidelines developed by an organization to govern its actions. They define the limits within which decisions must be made. Business policy also deals with acquisition of resources with which organizational goals can be achieved.
purpose of business policy
- Increase Operational Efficiency and Productivity with Better Business Policy Management. Business policies are an important tool to ensure that the business operates at maximum efficiency. Written in these policies is the blueprint for the whole organization's expected behavior, role, and reporting.
the types of business policy
- TYPE OF POLICIES: Basically there are three main types of policies
- 1. Basic Policies:- These are framed by the top management and spell out the basic approach of a company to its activities and its environment.
- 2. General Policies:- These are framed by the middle level management and are more specific.
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