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Submitted by:
Alfeche, Charles
Casenas, Katrina Philline Mae
Go, Mike
Jubay, Brian
Roche, Jaymar
Skibba, Dominic
Tan, Alessa Rose
Tindugan, Mary Linnel
Submitted to:
TOPIC
Policy
Rules
Procedures
Strategy
Program
Budget
Policy vs Procedure
Policy vs Strategy
REPORTER
POLICY
The set of basic principles and associated guidelines,
formulated and enforced by the governing body of an
organization, to direct and limit its actions in pursuit of long-term
goals. These are regarded as a mini mission statement and are
designed, by taking the opinion and general view of a number of
people in the organization regarding any situation. The list of
rules or the framework for the task that help the management of
an organization to determine what is to be done, in a particular
situation.
RULES
These are the standard set of instructions made for people,
which explains how things are to be done. These are guidelines
that are provided to maintain smooth functioning of an
organization and to maintain peace and harmony among its
people. These are also an informal set of guidelines that state
what a person must and must not do and are prone to being
changed and altered depending on the place, organization and
people.
PROCEDURES
A schedule of activities which needs to be performed, one
after the other, in a fixed period, having a proper beginning and
end. These are made for the successful completion of a program.
They are made for directing the lower level workers of the
organization. There are developed to avoid the overlapping of
STRATEGY
It is game plan, chosen to achieve the organizational
objectives, gain customers trust, attain competitive advantage
and to acquire a market position. It is a combination of flexibly
designed corporate moves, through which an organization can
compete with its rivals successfully. It is a combination of wellthought intent and actions which lead to the organization
towards its desired position or destination.
PROGRAM
A plan of action aimed at accomplishing a clear business
objective, with details on what work is to be done, by whom,
when, and what means or resources will be used. It is a complex
set of goals, policies, procedures, rules, task assignments, steps
to be taken, resources to be employed and other elements
necessary to carry out a given course of action; supported by
budgets. It is a planned sequence and combination of activities
designed to achieve specified goals within set policies.
BUDGET
An estimate of costs, revenues, and resources over a
specified period, reflecting a reading of future financial
conditions and goals. It is a statement of expected results
expressed in numerical terms. It includes the numerical
POLICY VS PROCEDURE
BASIS FOR
COMPARISON
Meaning
Nature
Reflects
Best Implemented
when
In Support of
Involves
POLICIES
A precise statement
which contains the set
of principles acting as
guidelines for
achieving the goals of
an organization is
known as policy.
Policies are flexible in
nature i.e. they allow
exceptional situations.
The mission of the
organization.
Fully acceptable by the
people
Strategies
Decision Making
PROCEDURES
The procedure is a
systematic sequence
for an activity or task
which is predefined by
an organization.
EXAMPLES OF POLICIES
a)
b)
c)
d)
e)
Recruitment policy
Credit policy
Mark up policy
Privacy policy
Payment policy
EXAMPLE OF PROCEDURE
Suppose an order of materials has to be placed then the
following procedure needs to be followed.
Step 1. Stored Department will send a Purchase
Requisition to Purchase
Department.
What is it?
Nature
Orientation
Formulation
Approach
Strategy
Strategy
is
a
comprehensive
plan,
made to accomplish the
organizational goals.
Action plan
Flexible
Policy
Policy is the guiding
principle that helps the
organization to take
logical decisions.
Action principle
Fixed, but they allow
exceptional situations
Action
Decision
Top level management Top level management
and
Middle
level
manangement
Extroverted
Introverted
References
Enaohwo, O. M. (2013, April 19). Retrieved from Sweetprocess:
http://www.sweetprocess.com/what-are-the-differencesbetween-a-policy-a-process-and-a-procedure-why-knowing-thisis-the-key-to-scaling-and-automating-your-business/
Pearl, E. (2011, December 27). Difference between rules, policies and
procedures. Retrieved from Enotes:
http://www.enotes.com/homework-help/what-differencebetween-rules-policies-procedure-304049