The-definition.com

Definition

Policies

Policies are directives designed to guide the thinking, decisions, and actions of managers and their subordinates in implementing a firm’s strategy. Sometimes called standard operating procedures, policies increase managerial effectiveness by standardizing many routine decisions and clarifying the discretion managers and subordinates can exercise in implementing functional tactics.

Webster Dictionary Meaning

1. Policies
- of Policy
Share it:  Cite

More from this Section

  • Feed forward control
    Feed forward control prevents problems because it takes place before the actual activity. ...
  • Organizational commitment
    Organizational commitment is the degree to which an employee identifies with a particular ...
  • Turnover
    Turnover is the voluntary or involuntary permanent withdrawal from an organization. It ...
  • Concurrent control
    Concurrent control, as its name implies, takes place while a work activity is in progress. ...
  • Charismatic Leaders
    Charismatic Leaders- that is an enthusiastic, self-confident leader whose personalities ...