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.