Policies are formal rules created by upper-level managers to standardize decision-making within an organization and inform employees. Strategies can take many forms and be created by individuals, teams, or at the highest institutional level. The key differences are that policies are more inflexible and reactionary while strategies are adaptable tools for reacting to changing environments and uncertainties.
Policies are formal rules created by upper-level managers to standardize decision-making within an organization and inform employees. Strategies can take many forms and be created by individuals, teams, or at the highest institutional level. The key differences are that policies are more inflexible and reactionary while strategies are adaptable tools for reacting to changing environments and uncertainties.
Policies are formal rules created by upper-level managers to standardize decision-making within an organization and inform employees. Strategies can take many forms and be created by individuals, teams, or at the highest institutional level. The key differences are that policies are more inflexible and reactionary while strategies are adaptable tools for reacting to changing environments and uncertainties.
Policies are formal rules created by upper-level managers to standardize decision-making within an organization and inform employees. Strategies can take many forms and be created by individuals, teams, or at the highest institutional level. The key differences are that policies are more inflexible and reactionary while strategies are adaptable tools for reacting to changing environments and uncertainties.
Explain the difference between Policy and Strategy
Policies are the formal rules of an organization that inform employees
about decision-making. In politics, policy can also refer to an agency’s written goals that have not yet been made law. Policies are designed by upper-level managers to help standardize the internal decisions of their organization, and are therefore relatively inflexible and universal.
Strategies can take many forms within a single organization. Formal
strategies like strategic plans are institutionalized at the highest level of the organization, and assist all employees in reacting to uncertain situations and changing markets. Individuals and teams may also use their own informal strategies for work like sales. Strategies need to be adaptable, and not everybody within an organization will follow the same strategies. Report this ad
Differences between Policy and Strategy
When It’s Formulated
Policy is usually formulated as early on in an organization or process as possible, because it is needed to inform employees or the public how to act. Policies regarding hiring and employee behaviour are nearly always created as one of the first steps of a new organization.
Strategy is most effective when an organization is able to develop it
before beginning a new project. However, strategies are a broad and flexible category, and many forms of strategy are modified on the fly as markets or environments change
Formality
Policies are formal and typically institutionalized within an
organization. In a government, policy is considered a step before law. It’s a formal indication of what the government wants to do but hasn’t yet passed a law regulating, or doesn’t need to pass a law to start doing. Strategies can range widely in formality.
Level of Flexibility
Because policy is similar or identical to written law, it can often seem
inflexible. It is designed in response to set circumstances and therefore only needs a certain level of flexibility; managers or employees need to be able to depend upon stable policy to inform their decisions. However, effective policy systems leave room for feedback, amendment, and repeal of unfair or inefficient policies. Uncertainty
Policy is not optimal for dealing with highly uncertain situations.
While managers writing policy should attempt to predict potential problems and externalities, policy is generally a reaction to known issues. Although policy can be highly technical, like a privacy policy or terms-of-service document, it is often instead a broad framework that sets a precedent for how employees should make decisions. It therefore does not predict or acknowledge new situations, and simply tries to leave room in its language for uncertainty. Who Creates It
Policy is typically created by upper-level management in the private
sector, or by agency heads and policymakers in the political sector. Strategy can theoretically be created by anyone at an organization, and individuals and teams may have their own strategies and plans