Explain the difference between policies, processes, and procedures.
A policy is a systematic set of acts established by an organization to guide its conduct based on fundamental values (PMI 2015).
A process
is a methodical sequence of activities aimed at producing a specific outcome by utilizing one or more inputs to generate one or more outputs (Paton & Gonzalez, 2022).
A procedure is a standardized approach to achieving consistent performance or outcomes. A procedure is commonly defined as a series of stages needed to carry out and manage a task.
Explain how policies facilitate the implementation of a strategy.
Policies play a crucial role in facilitating the implementation of a strategy. Please see below how:
1.
Guidance and Alignment
:
Policies offer explicit instructions for decision-making and conduct inside an organization. Policies, when in line with strategic objectives, guarantee that activities are in harmony with the intended course.
2.
Consistency and Predictability
:
Consistent policies
create a stable environment for strategy execution. Employees know what to expect, reducing uncertainty and promoting focused efforts toward strategic goals.
3.
Risk Management
:
Risk-related policies focus on addressing possible risks that may hinder the implementation of a strategy. Cybersecurity rules safeguard against data breaches that
may interrupt key goals.
4.
Resource Allocation
:
Resource allocation policies dictate the distribution of resources including budget, manpower, and technology. Effective distribution guarantees that strategic programs receive essential backing. 5.
Behavioral Alignment
:
Behavioral regulations influence employee behavior. Employees who comply with ethical, safety, or quality policies significantly impact plan execution.
