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What are the differences between strategy and policy? |
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Strategy v. Policy
Strategy works and policy doesn't.
"What are the differences between strategy and policy in business Management"
Strategy, policy, and tactics
Strategy is a plan, or method of approach developed by an individual, group, or organization, in an effort to successfully achieve an overall goal or objective. Policy refers to a definite course of action adopted by an individual, group, or organization in an effort to promote the best practice particular to desired results. However, when one thinks of strategy, I believe one must also think of tactics. Tactics involves the detail, the procedure, and the order of how to achieve the desired results particular to the strategy. A policy is what is, or what is not done- it thus implies a rule or some kind of a guide whereas a strategy is the methodology used to accomplish a target as prescribed by a policy!
SWOT and SMART
any or all of the above are deserving of critical thinking and analysis. A S.W.O.T. analysis has its worth when promoting critical thinking. What are the Strengths, Weaknesses, Opportunities, and Threats of the concept, plan, or approach? In addition, when considering any concept, it helps to look at it in S.M.A. R. T. fashion: is it Specific, Measurable, Attainable, Realistic, and Tangible?
Success may be in the eyes of the beholder in many situations. This needs to be discussed and documented. Once success is realized, an approach to promote repeatability is necessary. What we should look for is the stability and long-term survivability of the success realized.
First answer by ID3523305288. Last edit by Viper1usmc. Contributor trust: 1260 [recommend contributor]. Question popularity: 32 [recommend question]
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