Competitive Advantage makes these ideas concrete and actionable. It rightfully has earned its place within the enterprise strategist’s core assortment of strategy books. A coverage is what is, or what is not carried out.
While a technique is the methodology used to achieve a target as prescribed by a coverage. Flexible- Policy ought to be flexible in operation/application. This does not imply that a coverage ought to be altered all the time, however it should be extensive in scope so as to make sure that the road managers use them in repetitive/routine eventualities.
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Appropriate- Policy ought to be appropriate to the present organizational aim. Sign up for a Scribd 60 day free trial to download this document plus get entry to the world’s largest digital library. Policy is anxious with each thought and actions. While technique is worried largely with motion.
Inclusive/Comprehensive- In order to have a large scope, a policy have to be complete. Clear- Policy have to be unambiguous. It should keep away from use of jargons and connotations. There should be no misunderstandings in following the coverage.