Features of instituting procedures and policies

Question

Define the features of instituting procedures and policies.

Answer 1

Instituting procedures and policies has several features to facilitate Strategy Execution.

• There is a specific role for new and revised policies and processes in the strategy implementation procedure. Wisely constructed processes and policies help channel actions, behaviors, conclusions, and perform in directions that endorse fine strategy execution.
• None of this implies that companies require broad policy manuals to direct the strategy execution procedure and prescribe accurately how daily operations are to be conducted.
• Too much policy can upright as many obstacles as incorrect policy or be as confusing as no policy. Prescribe enough policies to provide organization members obvious direction in implementing strategy and to place desirable boundaries on their actions.