considerations in policy formulation - corporate management - manu melwin joy
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Considerations in Policy formulationCorporate Management
Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – manu_melwinjoy@yahoo.com
Considerations in Policy formulation
• Organizational goals –
The policies are
formulated to achieve
organizational goals.
Considerations in Policy formulation
• Proper organization –
Policies should be
framed by the
participation of
person at various
levels of
management.
Considerations in Policy formulation
• Reflect the business
environment – The
policies should be
based on the internal
and external
environment.
Considerations in Policy formulation
• Consistency – Various
policies of an
enterprise should
conform to each
other.
Considerations in Policy formulation
• Proper communication -
The policies should be
properly communicated
to each level of
management.
Considerations in Policy formulation
• In writing – the
policies should always
be in writing.
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