Management: Policies

POLICIES

 

 

Are generalized assumptions ,guidelines ,tenets or premises or agreements that govern management decision and actions in an organization

 

Difference between Mission & vision statement .

  • . size :Vision statement is shorter and mission statement is longer in size
  •  Wording :Vision statement use future continuous tense and mission statement uses present tense.
  • -The main purpose of setting policies in an organization is to enhance coordinating brought about by uniformity in managers actions or decisions.
  • Negative and positive :vision s. always explains the best a company can achieve & Order; Vision comes before mission or otherwise a vision is a guide to a mission    

NEED FOR POLICIES

Policies are necessary in organizations because:-

  1. Existence of Grey areas e.g staff recruitment in human resources
  2. New regulations /policies : are made to enable adjustment
  3. Emergence of economic opportunities
  4. Negative organizational opportunities
  5. Scarcity of resources
  6. Relationships & networks in business

 

Winstontony

Management Tutorial Africa

#KnowledgeSharing

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s