2. Policy based management is an
administrative approach that is used to
simplify the management of a given
endeavour by establishing policies to
deal with the situation that are likely to
occur.
3. Policies are operating rules that can be
referred to as way to maintain order,
security, consistency or otherwise for a
goal or mission.
In the computing world policy based
management is used as an administrative
tool throughout an enterprise or network
or on work station that have multiple
users.
4. ON THE BASIS OF SOURCES
1. Originated policies
2. Appealed policies
3. Implied policies
4. Externally imposed policies
5. For effectively guide, the actions of the
subordinates, the top management of the
business formulates policies for the
important functional area is known as
originated policy.
6. When a dilemma appeared in a unit of the
organization over some issue, the unit
head appeals his superiors for a decision.
This appeal moves upward in the vertical
hierarchy of the organization till a most
suitable decision is made is known as
appealed policy.
7. Implied policies are not explicit polices
policies, still a functionary can take
decisions certain day to day matters that
are not specifically stated in the approved
policies. It will come under the broad
policy framework of organization, Is known
as implied policies.
8. The policies which are imposed by
external agencies like government, legal
authorities is called as externally imposed
policies.
10. A strategic rule or rules lowering now a
good or service is promoted to potential
consumers is known as production
policies.
11. Meaning of sale policies, a plan of action
adopted by an individual or social group, It
was policy of retribution is known as sale
policy.
12. Criteria describing a corporation choices
Regarding its debt/equity mix currencies
of the denomination, maturity structure is
known as financial polices.
13. A personal policy a plan of action, a set of
proposal and action that act as a reference
point for managers in their dealing with
employees is known as personal polices.
14. ‘Determination of the basic long-term
goals and objectives of an enterprise,
and the adoption of courses of action
and the allocation of resources
necessary for carrying out these
goals’’
‘A commitment to undertake one set
of actions rather than another’
15. ‘...the “game plan” management has for
positioning the company... entails choice
among alternatives and signals
organisational commitment to specific
markets, competitive approaches, and
ways of operating.’
17. Managers have many other responsibilities
Boundaries between tasks:conceptual not
real
Crafting/ implementing happens erratically
18. ‘strategy is a combination of planned
actions and on-the-spot adaptive
reactions to freshly developing industry
and competitive events.’
Respond to external/internal environment
Emergent Strategy
19. Develop a strategic vision/ business
mission
set objectives
Craft a strategy
20. Builds portfolio of businesses
Harnesses synergies between businesses
◦ Eg. Pepsi: cola sold via restaurant chain
Makes resourcing/investment decisions
Reviews/unifies business unit strategies
21. Lower level units of the organisation
Specific means and approaches for
these units
Eg. Software development group trains
people in use of GUI/client-server
development
