Merits of instituting processes and policies

Question

What are the merits of instituting processes and policies?

Answer 1

Prescribing new policies and operating processes designed to facilitate strategy execution has merit from many angles:

i. It gives top-down direction about how certain things now require to be done.

ii. It helps enforce required consistency in how exacting strategy-critical activities are performed in geographically scattered operating units.

iii. It promotes the creation of a job climate that facilitates fine strategy execution.