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An appropriate strategy should depict something that an organization"executes." It probably should relate to a set of goals that are "achieved"and objectives that are "met", and maybe even "mega-process" steps to meet them for a particular company, organization, or individual.
A policy doesn't have to be time-bound, but it should set expectations for the people involved in the execution of a strategy. For instance, the policy may be that employees are not to focus on ANYTHING but meeting a specific objective.For instance a company may have a goal to dominate the market in software for calibrating automobile engines. Their strategy for achieving that goal may be to 1) buy up all of the competition; 2) combine all of the best features of the software; 3) send every customer a $10,000 check. Their objectives could be 1) purchase all of the competitors close to home in year one, then the rest in North America in year two, and rest of world after that. They may also have and objective to raid the pension funds of the companies they buy so they have enough money to send each customer $10,000.
If they meet objective 1 and 2, they have partly executed on the strategy,but not completely. They may or may not achieve their goals. It's possible they didn't meet their objectives because SOMEONE didn't adhere to the policy that they should ONLY work on meeting a specific objective. A lot of the employees, feeling a bit ethical and ashamed, decided that instead of raiding the pension funds of the competition, they helped each employee setup a IRA to help them with their retirement. The employees didn't adhere to the policy, therefore the objectives were not met, the goal was not achieved, and the strategy could not be executed.
What else can I help you with?
Discuss the relationship between objectives strategies and policies?
Objectives are specific goals that an organization aims to achieve, strategies are the broad plans developed to reach those objectives, and policies are the guidelines or rules that dictate how strategies are implemented. Objectives provide direction, strategies outline the approach to be taken, and policies ensure consistency in decision-making and operations to achieve the objectives. Together, they form a framework that guides an organization towards its desired outcomes.
What is the difference between lesson aims and objectives?
Lesson aims describe the overall goal of the lesson, providing a broad sense of what students will learn or achieve. Lesson objectives are specific, measurable statements outlining the knowledge, skills, or behaviors students are expected to demonstrate by the end of the lesson.
What are the difference between general objective to specific objectives?
General objectives are broad and long-term. Specific objectives are short term and narrow in focus. The general objective is met through accomplishing each of the specific objectives. Example : General Objective: Tom will increase profits in the lawn care division from ten thousand dollars annually to ten thousand , five hundred dollars by 1/15/2010. specific objectives: * John will increase his monthly customer contacts for 40 to 65 or more by 5/1/08. * John will circulate 100 promotional flyers in at least 5 new counties by 2/2/09. * John will make follow up calls to at least 90% of the counties targeted above by 4/1/09. * John will increase his work hours from 20 to 25 or better beginning 4/1/09.
Explain the difference between strategic and traditional training approaches?
Strategic training approaches focus on aligning training initiatives with overall business goals and objectives to drive organizational success. Traditional training approaches, on the other hand, tend to be more focused on completing predefined courses or activities without necessarily tying them to strategic outcomes. Strategic training is more proactive and future-oriented, while traditional training may be reactive and task-oriented.
How would you regroup 4 tens to find the difference between 341 and 228?
How would you regroup 4 tens to find the difference between 341 and 228?
What is the difference between objectives and policies?
The difference between objectives and policies is that one is deciding what to do something and one is deciding how to do something. An objective is something you aim for and the way to get it. A policy is in place in a company or government to tell employees how to do something.
What is the difference between the sales objectives and communication objectives?
difference between sales objectives and commuicatio objectives?
What is the difference between managenment and adminstration?
Management is Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives. AndAdministration: It is more concerned about the determination of objectives and major policies of an organization.
Difference between market objectives and corporate objectives?
link between corporate objectives and marketing objectives
What is the between objectives and functions?
There is no difference
What are the relations and difference between business policy and strategic management?
Policies help businesses carry out their strategic objectives. When the business strategy changes, so will their policies. Strategies change as the business environment changes.
What is the difference between customer service standard's policies and procedures?
Difference between Customer Service Standards and Policies and Procedures
What is the difference between scope and objectives?
scope is why to do and objective is how to do
What is a qualitative method?
the difference between goals and objectives
The difference between accounting policies and accounting bases?
The difference between accounting and auditing?"
Discuss the relationship between objectives strategies and policies?
Objectives are specific goals that an organization aims to achieve, strategies are the broad plans developed to reach those objectives, and policies are the guidelines or rules that dictate how strategies are implemented. Objectives provide direction, strategies outline the approach to be taken, and policies ensure consistency in decision-making and operations to achieve the objectives. Together, they form a framework that guides an organization towards its desired outcomes.
What is difference between business plan and policies?
there is none
