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- The differences between policy and strategy are12:
- Strategy is the best plan opted from a number of plans, in order to achieve the organisational goals and objectives. Policy is a general plan of action that guides members of the enterprise in the conduct of its operation.
- The scope of Policy is comparatively wider than that of strategy.
- Policy is essential for all operations. Strategy is a plan of action.
- Policy is universal and related to general administration. Strategies can be modified as per the situation, so they are dynamic in nature.
- Policy never depends on strategy.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Key Differences Between Strategy and Policy
- The strategy is the best plan opted from a number of plans, in order to achieve the organisational goals and objectives. ...
- The strategy is a plan of action while the policy is a principle of action.
keydifferences.com/difference-between-strategy-an…- Definition: A policy is a general plan of action that guides members of the enterprise in the conduct of its operation.
- Scope: On the other hand, the scope of Policy is comparatively wider than that of strategy.
qsstudy.com/difference-between-strategy-and-policy/ - People also ask
The following are the major differences between strategy and policy The strategy is the best plan opted from a number of plans, in order to achieve the organisational goals and objectives. The policy is a set of common rules and regulations, which forms as a base to take the day to day decisions. See more
The strategy is a game plan, chosen to achieve the organisational objectives, gain customer’s trust, attain competitive advantage and to … See more
The policy is also regarded as a mini-mission statement, is a set of principles and rules which direct the decisions of the organisation. Policies are framed by the top-level management of the organisation to serve as a guideline for operational decision making. It is … See more
The difference between Strategy and Policy is, a little complicated because Policies come under the Strategies. Apart from that, the policies are made to support strategies in several … See more
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