Defining policy and its role in corporate cultureSolutionReg

Defining policy and its role in corporate culture?

Solution

Regularly, a documented set of broad strategy, formulated later than an analysis of all internal and external issues that can influence a firm\'s objectives, processes, and plans. Formulated by the firm\'s board of directors, corporate policy places down the firm\'s reaction to identified and predictable situations and circumstances.

It also verifies the formulation and implementation of strategy, and through and restricts the strategy, decisions, and proceedings of the firm\'s officers in attainment of its objectives. Also named as company policy.