BENGAL INSTITUTE OF TECHNOLOGY AND MANAGEMENT

CA-1 ASSESMENT

TOPIC : Policies of Strategic Management

NAME : Piash Mondal
STREAM : MBA
ROLL NO. : 16300922005
SEMESTER : 3RD SEMESTER
PAPER NAME : Corporate Strategy
PAPER CODE : MB 302
Introduction
• Policies refer to specific guidelines, methods, procedures, rules,
forms, and administrative practices established to support and
encourage work toward stated goals. Changes in a firm's strategic
direction do not occur automatically. On a day-to-day basis, policies
are needed to make a strategy work.
• A strategic policy example is a written statement of an organization's
choices in its operating environment. For example, a public or
nonprofit agency chooses which of society's problems to address
through public services.
The types of policy in strategy
• Four types of policies include
• Public Policy,
• Organizational Policy,
• Functional Policy,
• Specific Policy.
Policy refers to a course of action proposed by an organization or
individual.
Public Policy
• Public Policy generally determines the lines along which human beings in a
particular country can operate. Policy impacts everything from the legality
of activities, to voting, and even which side of the road you can drive your
vehicle.
• It is designed by authorities of the respective country through processes
based on the type of government that rules. Public policy is arguably the
umbrella of all other policies. This type of policy also determines policies
that are formulated in organizations that operate in the country in
question.
• Institutions, companies, and other entities operating under these
governments have adopted the idea of policy formulation, and as such new
types have emerged.
Organizational Policy

• Internal and external stakeholders of a specific organization make this type

of policy. It is the type of policy that aims at deciding the goals and
activities of the entire organization. Policies of this sort usually anchor on
the co-values of the organization and what purpose it serves.
• Take, for instance, a Non-Governmental Organization (NGO) that advocates
for human rights. They can develop a policy that makes sure these are
respected starting from within the NGO before being extended to the field.
• Such organizations create codes of conduct that are characterized by
criticism against; discrimination along racial or tribal lines, the stigma of
any kind, and even inter-office romantic relationships sometimes. A breach
of these may even cost someone their position or their entire placement in
such an organization.
Functional Policy
• Companies among other organizations are organized into departments that have
different functions. These Units and divisions necessitated this type of policy.
Functional policies are assigned to specific areas in any kind of setup.
• These range from financial, production, marketing, and others. You may then find
that separate departments in the same organization have policies that only apply
to one but not the other. The reverse can also be true.
• However, these policies should never be conflicting. In order to achieve
organizational goals, there is a need to harmonize departmental policies.
• Even governments also have these functional policies. In fact, public policy is
more fragmented than any other type. This is why I regard it as the mother of all
policies. Governments throughout history have been known to have Domestic,
Foreign, Economic, and financial policies among myriad others.
Specific Policy
The last type of policy we will look at for the purposes of this article is the specific policy which is quite self-
explanatory and straightforward. Be it in the government or the private sector, this type of policy is formulated
to address a particular issue and usually is temporary. For example, call to mind how Covid-19 has impacted
policymaking in your respective country. We have also seen activities of the old day being banned and in some
instances referred to as illegal and attracting fines and even jail penalties. Not only public policy was affected,
but private entities are also changing their policies to suit the new business atmosphere. Further, a heavy
decrease in movement and physical contact activity has been the order of the day. A good example of a
phenomenon affecting policymaking is that of Covid-19 vaccination. These vaccines also have received a lot of
negative criticism. There is such resistance, that governments implemented policies that excluded non-
vaccinated citizens from are from certain activities. Recently in Zimbabwe, churches were not allowing citizens
who have not received their full vaccination evidenced by vaccination cards, access to their services. Many
scholars have already begun analyzing the impact the pandemic has had on policy formulation. The point not
to miss remains that, more than one specific policy type has been designed to try and mitigate the challenges
that came about as a result of this monstrous virus. There are several other policy types, most of which emerge
as a result of others. I believe we have not yet seen them all. Perhaps it is adequate to narrow down the types
of policies there are. Working on this article, I have realized how much trouble scholars go through trying to
reinvent theories without new dynamics to the subject matter. I am really interested in interacting with the
matter from a deeper perspective. My aim is to zero in on two types of policy that encompass all the other
policy types that keep popping up. Maybe you, my beloved readers are interested in embarking on this journey
with me. Enough of the crust let’s go for the nucleon of the matter!
Conclusion & References
A statement of what the organisation seeks to achieve for its clients.
Underpinning principles, values and philosophies
Broad service objectives which explain the areas in which the
organisation will be dealing
Strategies to achieve each objective
References- google india, wikipidia.