An effective business policy must have the following features:

SPECIFIC: A business policy must always be specific in order to avoid difficulties in its implementation.

Clear: Policies mentioned must be very clear so that there is no misunderstanding. 

Reliable: If the policies are reliable, they can be efficiently followed by the subordinates.

Appropriate: Appropriate policies are always helpful in achieving the organization's goals. 

Simple: A policy must be simple and easy to be understood by all in the organization. 

FLEXIBLE: A policy should be flexible to APPLY so that it gets easier for the line managers to USE them as per the scenario in a repetitive manner.

Stable: If policies are not stable they will create uncertainties in the minds of those who LOOK into it for guidance.

An effective business policy must have the following features:

Specific: A business policy must always be specific in order to avoid difficulties in its implementation.

Clear: Policies mentioned must be very clear so that there is no misunderstanding. 

Reliable: If the policies are reliable, they can be efficiently followed by the subordinates.

Appropriate: Appropriate policies are always helpful in achieving the organization's goals. 

Simple: A policy must be simple and easy to be understood by all in the organization. 

Flexible: A policy should be flexible to apply so that it gets easier for the line managers to use them as per the scenario in a repetitive manner.

Stable: If policies are not stable they will create uncertainties in the minds of those who look into it for guidance.