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InterviewSolution
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Give the meaning of 'Policy’ as a type of plan. |
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Answer» Policies are the general statements which guide thinking and action of the members of the organisation. A policy serves as a guide to decision makers to channelizes the energy in a propel direction. It provides direction to deal with a ‘particular situation. Such a policy is the general response to a particular problem or situation.' Policies guide the managerial action and decisions in the implementation of strategy. For example, sales policy recruitment policy etc. |
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