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What is the Difference between business policy and strategic management?

Difference between Policy and StrategyThe term "policy" should not be considered as synonymous to the term "strategy". The difference between policy and strategycan be summarized as follows-Policy is a blueprint of the organizational activities which are repetitive/routine in nature. While strategy is concerned with those organizational decisions which have not been dealt/faced before in same form.Policy formulation is responsibility of top level management. While strategy formulation is basically done by middle level management.Policy deals with routine/daily activities essential for effective and efficient running of an organization. While strategy deals with strategic decisions.Policy is concerned with both thought and actions. While strategy is concerned mostly with action.A policy is what is, or what is not done. While a strategy is the methodology used to achieve a target as prescribed by a policy.


What is the importance of having a well-defined UAT strategy in software development projects?

Having a well-defined User Acceptance Testing (UAT) strategy in software development projects is important because it ensures that the software meets the needs and expectations of end users. UAT helps identify any issues or bugs before the software is released, leading to a higher quality product and increased user satisfaction. Additionally, a clear UAT strategy helps streamline the testing process, saving time and resources in the long run.


Why is it important to choose what organizational strategy you will use in your paper before you begin you outline?

it determines how you should write your outlines and therefore, your paper


What is the difference between planning and decision making?

Decision making is required during planning but planning is forming a plan before doing. Decision making is required while doing because unplanned things happen.


What is the difference between project document and project feasibility report?

I believe you mean the Project Initiation Document (not just Project Document). The feasibility study occurs before initiating the project. The project initiation document assumes that the project is approved, is feasible (on all levels), and aligns with the company strategy (as explained by the feasibility study).

Related Questions

Which of these is a time to use a questioning strategy?

before, during, and after reading


How does strategy affect structure?

Strategy affects structure because you have to know how you are going to go at something before it can be accomplished. Structure is a very important feature to have.


What is the pre reading strategy for taking information you already have and adding to it?

A pre-reading strategy for adding to existing information is to activate prior knowledge by reviewing what you already know about the topic. Make connections between your existing knowledge and the new information you are about to read. Skim through the material to get a sense of the main ideas and key points before delving into a detailed reading.


What is the first step in a reading strategy?

The first step in a reading strategy is to preview the text by scanning headings, subheadings, images, and summaries to get an overview of the content. This can help you understand the main ideas and structure of the text before diving into the details.


How do you match these reading techniques with when technique is used A Surveying B Paraphrasing C Summarizing 1 While reading 2 Before reading 3 After reading?

Survey . . . Before reading Paraphrasing . . . While reading Summarizing . . . After reading


What is a helpful pre reading question to ask yourself before reading a business document?

why am i reading this?


What major hurdles is Google facing before they can implement GPhone?

iPhone sales


Before you start reading you should?

figure out your purpose for reading.


What is the reason to create an everything i know chart before reading?

To organize your thoughts and questions before reading a text


How long before he reading of the will in Louisiana?

There is no requirement for a reading of the will. That is a fictitious concept.


What is the strategy in defensive driving?

The primary strategy is to watch for and anticipate problems and places that could be a problem before getting there.


In the sq4r method of reading what is the purpose of surveying?

to preview material before reading it