Using business policy and strategy is called strategic management. Strategic management helps business make decisions and use information that help achieve company objectives.
Strategy comes first
The main difference between marketing policy and marketing strategy is that a marketing policy is a set of rules for decision making, while a marketing strategy is a plan to achieve organizational goals
strategy
Synonyms for the word policy are strategy, stratagem, approach, code, system.
One of the key steps in formulating a treasury policy is establishing the strategy for the business. The strategy will determine the monetary policy for the business.
STERF
National security strategy policy guidance document with WMD guidance it provides
Policy, scheme
Foreign policy is the strategy that a government has for dealing with other nations. Each nation has their own foreign policy.
that strategy is long term and planning could be a short term.
Detente is the foreign policy strategy was thought to lessen tension with the Soviet Union. The foreign policy problem that eventually forced Lyndon Johnson out of politics was the Vietnam War.
Business policy is dependent on consumer satisfaction and gathering information regarding merits/demerits so as to introduce timely modifications on products. If this strategy is followed and policies are made, the organization will prosper.