BA 213 Study Guide - Quiz Guide: Barometer, International Standard Book Number
Document Summary
A policy is considered the general guideline for decision making. Kalejaye, a. (1998) defined policy as the objectives, the mode of thought and the body of principle underlying the activities of an organization. According to fagbemi (2006) a policy refers to what an organization or a person intends to do or does. Business policy therefore is what business organization intends to do. It aims at assisting the organization to deliver services to meet the needs and expectations of the goals of the organization. Policy forms a platform for a company"s vision and mission statement. Kottre (1990) defined vision as a description of something (an organization, corporate culture, a business, a technology, an activity) in the future. It is a statement of what or how you would like things to be. It depicts a picture of the future you are working to create and what you want your business to become.
