Question
Give one difference between policy and procedure.

Answer

Basis
Policies
Procedures
Meaning
It is a guide to decision making.
It is a guide to action as it contains steps to be taken in a chronological order.
Origin
It is derived from objectives of the enterprise.
It is laid down to implement some policy.
Flexibility
It is flexible - leaves room for discretion.
It is more or less rigid.
Scope for discretion
It leaves some scope for manager's discretion.
It leaves no discretion to person concerned with its implementation.
Expression
It is expressed in the form of a general statement.
It is expressed in more specific terms.

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