Why are policies important?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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HUMAN BEHAVIOR IN ORGANIZATIONS

FALL I 2022

ASSIGNMENT #4

 

1. Why are policies important?

 

2.  How can managers effectively implement policies within an organization? 

 

3.  What is decision making?

 

4. Explain the different types of decisions and give an example for each type.

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Kindly note, that as per Bartleby guidelines, an expert is required to answer only one question in case more than one question is given. As no specific question is asked by the student to answer, I have answered the first question for you. 

In simple terms, policies are defined as a set of principles that are proposed or followed by an organization or individual. It is a statement of intent that is later on followed as a procedure or protocol. These are the set guidelines according to which a course of action is determined. Policies are followed and adopted by the governance body of an organization. Policies are very important tool for an organization.

 

 

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