Refer to the M.COM part I book Business policy and strategic managemnt by Michael vaz, you will get the answer.
http://wiki.answers.com/Q/Importance_for_policy_for_individual_business_and_nations"
There are many different factors that affect business policy. These different factors range from shareholders to the dividend policy of a certain business.
The importance of international business in developing countries is that it creates exposure and a platform for the country to grow its economy. International business is a learning platform through interactions.
The nature and objective of business policy are both formulated as plans and determined by a business organisation.Objective is the end to a plan while policy is the mode and manner to reach the objective. A business policy is: guidelines that facilitate to reach a predetermined objective both in mode and manner formulated from the top to the lower level management while Objectives are the endpoints to a plan.
Refer to the M.COM part I book Business policy and strategic managemnt by Michael vaz, you will get the answer.
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.
http://wiki.answers.com/Q/Importance_for_policy_for_individual_business_and_nations"
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.
A business policy is : guidelines to facilitate achieve predetermined objective as plan(decision making) involving all levels of the management in any business organisation.It set a statement on the mode and manner how the objectives will be achieved. Without a policy the organisation will function arbitrarily in an anarchic way and may not reach its objectives.
history of business policy
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The importance of a business letter is to communicate information. The importance of some business letters is to generate a response or an action on the part of the recipient. The importance of other business letters is to inform the recipient of something.
what are the importance of E-business
a business policy deals with the rules and regulations of that building.