0
Without business policy, the organisation is like rudderless ship in turbulent sea. The business policy envisages the objectives,present activities, future growth prospects etc. in details and accepted as a valid document in every steps of business activity of the organisation.
Add your answer:
Earn +20 pts
What is the Importance of accounting informationfor a business entity?
accounting information allows a business entity to be able to ascertain its total income and its total expenditure and to be able to know if it is making a profit or loss as the prior motive of any organization or business entity is to maximize profit
Can a university be described as a business organization?
Yes, a university can be described as a business organization. It runs similar to a business with all the positions that a normal business has and more.
What is the difference between policy and goal?
Policy refers to rules established by the organization. Goals are milestones companies try to achieve in order to align with the strategy of the organization.
The importance of the cash book to businesses?
The major importance of a cash book,Cash book keeps track of the petty cash purchases that would easily slip throughShows how much money the business has from time to timeIt is highly important for the operational functioning of an organization
Which is not one of the three forms of business organization?
Following are three forms of business organizations:Sole properietorshipPartnershipCorportationAny other entity except these are not form of business organization.
E-business importance in an organization and the values in telecommunications?
what are the importance of E-business
Importance of business policy?
A written business policy communicates your companies expectations about employees appropriate employee work performance. Policy illustrates the acceptable performance boundaries.
What is importance of business policy?
Refer to the M.COM part I book Business policy and strategic managemnt by Michael vaz, you will get the answer.
What is the importance of research in insurance company?
The value of your policy is only as good as the company selling it to you. If they go out of business, your policy may be out of business as well.
Importance for policy for individual business and nations?
http://wiki.answers.com/Q/Importance_for_policy_for_individual_business_and_nations"
What are the importance of statistics in business organization?
plays vital role in classification and analyses of data
What is the importance of micro and macro environment to a business organization?
Being aware of micro and macro environments in a business organization is important to keep a full view of a business and the way it is impacting each and every sector that it is reaching.
Describe and analyze the structure of a business organisation?
A business organization typically has a few executives at the helm of the organization deciding issues of policy. It then has other lower ranked employees working on the day to day tasks of running the organization.
What are common elements of business policy?
A business policy is the set of guidelines an organization follows and they define the limits of how decisions are made. Common element of a business policy include specific and clear policies so there are no misunderstandings. Policies should be appropriate simple, and uniform.
What is the nature and scope of business policy?
Business policy sets forth the scope of how decisions are handled in an organization. It must be specific, reliable, simple, flexible, clear, appropriate, inclusive, and stable.
What is the importance of policy in an organization?
A policy provides guidelines to the members of the organization for deciding a course of action, thus ensuring a uniformity of action Policy provides and explains what a member would do rather than what he is doing, thus help speed up decisions at lower level.
Importance of personnel in an organization?
what is the importance of personnel in an organization
