Fewpal
0 votes
26 views
in CBSE by (15 points)
how are policy and strategy connected with each other

Please log in or register to answer this question.

1 Answer

+1 vote
by (64.2k points)

Policy and strategy are both methods organizations use in decision-making.
Policies are formal, fairly inflexible, and guide employees regarding known problems. Strategies are relatively informal and inflexible, and help employees handle uncertain situations.
Once written, policies are meant to be used by everyone in an organization. Strategies are hard to delegate to another employee because they require reacting instantly to new information.

Table of Differences between Policy and Strategy

FeaturePolicyStrategy
FormalityFormalVaries
FlexibilityInflexibleFlexible
UncertaintyLittle UncertaintyHigh Uncertainty
CreatorUpper Management/PolicymakersAll Employees
ImplementerAny EmployeeCreator

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...