Question
Give one difference between policy and procedure.
|
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.
|
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.