3. Policy Making
It is important to distinguish between
objectives and policy.
Objectives emphasize aims and are
stated as expectations while policies
emphasize rules and are stated as
instructions intended to facilitate
decision making.
4. Sources of Policy
Policies can be categorized
according to their source:
1. Originated policy
2. Appealed policy
3. Implied policy
4. Externally imposed policy
5. Effective Policy Development
Policies fall into two basic groups:
those that deal with the managerial
functions of planning, organizing,
staffing, directing, and controlling and
those that deal with the functions of
the enterprise, such as selection and
development of technology,
resources, finance, personnel, and
public relations.
6. Characteristics of good policies
would include them being:
1. Consistent
2. Flexible
3. Distinguished from rules and
procedures
4. Written
7. Implementing Policy
Policies are carried out or enforced by
procedures, rules and regulations.
Procedures are guides to action and
therefore are subordinate to policies.
Procedures are helpful in routine
decisions because they break down
the process into steps.
8. Decision Making
It is an important part of
management, one of the very basic
planning principles.
It is the selection from among
alternatives.
It is the core in planning.
It is a judgement and therefore a
choice between alternatives.
10. Group Decision Making
The approach to decision making
by groups is somewhat different from
individual decision making, primarily
because of group dynamics.
There are, in some cases, several
advantages to group decision making,
including:
12. There are also distinct disadvantages
to the group approach.
1.Cost
2.Compromise
3.Indecision
4.Power
5.Authority
13. Factors in Making Decisions
1. Experience
2. Experimentation
3. Research and analysis
14. Conclusion
Preparing for the planning process is
an important aspect of sustaining an
organization’s viability.
It requires examining the factors in the
process, setting a proper environment
within the organization, and making
decisions based upon sound
guidelines.