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Difference Between Policy and Strategy
Difference Between Policy and Strategy
A major distinction between policy and strategy is that former is a guide to the
thinking and action of those who make decisions, while strategy concerns the
direction in which human and physical resources will be deployed and applied in
order to maximise the chance of achieving a selected objective in th face of
difficulties.
The distinction between policy and strategy is made in the context of delegation or
implementation. The implementation of policy can be delegated downward in the
organisation, while the strategy cannot, since it requires a last-minute executive
decision.
The term “policy” should not be considered as synonymous to the term “strategy”.
The difference between policy and strategy can be summarized as follows-
3. Policy deals with routine/daily activities essential for effective and efficient
running of an organization. While strategy deals with strategic decisions.
4. Policy is concerned with both thought and actions. While strategy is concerned
mostly with action.
5. A policy is what is, or what is not done. While a strategy is the methodology used
to achieve a target as prescribed by a policy.
An objective is a goal planned that you can get it in a period of time There are mainly
two classes of objectives: General and specific but depend what is the specific field
that you need to establish them. A mission is something more general than an
objective, A mission can have many objectives because a mission is an organized
work, assignment or operation but to complete a mission you must complete steps or
specific objectives to get the whole mission. Anonymous
Objective is the plan, to involve and implement specific actions which must be taken
to close the gap between the current realities and the ideal state.
Mission is the process of defining objectives and developing strategies to reach those
objectives.
Vision involves the foresight needed to acquire the necessary expertise to organize
existing resources, to accomplish the desired results. Anonymous
Objective is the plan, to make and execute particular actions which must be taken to
finish the gap between the current state and the desired one.
Mission is the method of defining objectives and making strategies to get those
objectives.
Vision includes the foresightedness which is required to get the essential skill to
organize existing resources, to achieve the desired outcome.
Company first make a Vision, then mission, in order to accomplish mission they
make objectives and at the end they make goals (end result/place which organization
want to get). Anonymous
Distinction between policy and strategy:
3. Policies must be within the power of the boss and can be executed by exercising the
power of the boss. But strategies can’t be executed by exercising the power of the
executives because many external events affect the attainment of objectives.
4. A strategic process goes through analysis and diagnosis, choice, implementation and
evaluation to complete. But in framing the policies the executive does not need to
scan the environment.
5. A policy is framed for recurring activities but a strategy is not formulated for
recurring activities. It is formulated to meet the events that may arise in near future
and also in the long ran.
8. Examples of policies are product policy, sales policy, purchase policy, personnel
policy.
11.Policy deals with routine/daily activities essential for effective and efficient
running of an organization. While strategy deals with strategic decisions.
12.Policy is concerned with both thought and actions. While strategy is concerned
mostly with action.
13. The distinction between policy and strategy is made in the context of
delegation or implementation. The implementation of policy can be delegated
downward in the organization, while the strategy cannot, since it requires a last-
minute executive decision.