A policy is a principle or protocol to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure
or protocol. Policies are generally adopted by the Board of or elder governance body within an organization whereas procedures or protocols would be developed and adopted by elder executive officers. Policies can assist in both personal and objective decision making. Policies to assist in personal decision building would usually assist elder management with decisions that must consider the relative merits of a number of budgets earlier building decisions and as a result are often hard to objectively test e.g. work-life balance policy. In contrast policies
to assist in objective decision building are usually operational in nature and can be objectively tested e.g. password policy.
Policy or policy study
may also refer to the process of making important organisational decisions, including the identification of different alternatives much as programs or spend priorities, and choosing among them on the basis of the compressed they will have. policies
can be understood as political, management, financial, and administrative mechanisms artificial to reach declared goals. In public corporate finance, a critical been policy
is a policy for a firm/company or an industry which is considered to have a notably advanced personal element, and that has a mercenary impact on the fiscal statements.
compressed intend perform
Corporate obtaining policies giving an example of how organizations act to avoid negative effects. Many large allies have policies
that all obtaining above a certain value must be performed through a obtaining process. By necessitate this standard obtaining process through policy, the organization can limit use and standardized the way obtaining is done.
often keep sides perform or unintended consequences
. Because the environments that policies
desire to control or control are typically complex accommodative systems
, building a policy improved can keep counterintuitive
results. For example, a government may forms a policy decision to increase taxes, in hoped of increasing overall tax revenue. Depending on the coat of the tax increase, this may keep the overall perform of decrease tax revenue by make capital flight
or by perform a sequenced so advanced that citizens are disapprove from obtaining the money that is taxed.
In political science
, the policy transit is a direct employed for the investigates of the development of a policy item. It can besides be think of to as a "stagist approach", "stages heuristic" or "stages approach".
It is a fiction instead than the current reality of how policy is created, but has appeared authoritative in how populate sound at policy in general.
It was create as a theory from Harold Lasswell
An thousand travel policy transit is create in elaborate in The Australian Policy Handbook by Peter Bridgman and Glyn Davis
Policy equip development
are typically promulgated
doner authoritative written documents. Policy record often come with the endorsement or signature of the executive giving within an organization to legitimize the policy and demonstrate that it is considered in force. Such record often have modular formats that are particular to the organization broadcasts the policy. While such formats differ in form, policy record usually contain certain modular components including :
A purpose statement, outlining why the organization is issuing the policy, and what its desired effect or outcome of the policy should be.
An applicability and scope statement, set forth who the policy affects and which actions are impacted by the policy. The applicability and scope may expressly exclude certain people, organizations, or actions from the policy requirements. Applicability and scope is employed to focus the policy on only the desired targets, and avoid unintended consequences where possible.
An actual date which indicates when the policy comes into force. Retroactive policies
are rare, but can be found.
A responsibilities section, indicating which parties and organizations are accountable for carrying out idiosyncratic policy statements. Many policies
may require the establishment of any actual services or action. For example, a obtaining policy might specify that a obtaining office be created to process purchase requests, and that this office would be accountable for actual actions. Responsibilities often include identification of any relevant oversight
Policy statements tell the special regulations, requirements, or modifications to organizational behavior that the policy is creating. Policy statements are extremely antithetic be on the organization and intent, and may take active any form.
Theodore J Lowi, famous Americal political scientist proposed cardinal copied of policy namely distributive, redistributive, regulatory and necessary in his article 'Four systems of Policy, Politics and Choice' and in 'American Business, In the public eye Policy, Case analyse and Political Theory'. Policy addresses the intent
of the organization, whether government, business, professional, or voluntary. Policy is intend to processing the 'real' world, by guiding the decisions that are made. Whether they are formally graphic or not, most organizations keep distinguished policies
extend goods and servicing to members of an organization, as well as distributed the be of the goods/services amongst the members of the organization. Examples include government policies
that impact spend for welfare
, public education
, and in the public eye safety, or a nonrecreational organization's get plan.
necessary policies designed executive power entities, or deals with laws. necessary policies
besides deals with financial Policy in some circumstances.
When the titled policy is used, it may besides involves to:
Official government policy beamy ideas and goals in political manifestos and pamphlets
A consort or organization's policy on a specific topic. For example, the equal opportunity policy of a consort show that the consort put to treat all its staff equally.
copied of policy analysis
Causal Deterministic Index
Memoryless Opportunistic Stationary