2007-02-11 20:42:02 · 5 answers · asked by Shane B 1 in Business & Finance ➔ Corporations
A strategy has to have an environment and a plan. Policy is how you implement the plan.
2007-02-11 23:56:08 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋
a policy is a description of a current process. A strategy is a plan for future processes. Strategy should influence policy.
2007-02-12 07:26:00 · answer #2 · answered by TimWarneka 4 · 0⤊ 0⤋
A strategy is a plan to get to a certain point, eg the way in which you intend to expand your market - a policy is a tested method already in place. Basically, a strategy is what you want to to, a policy is something that you do already.
2007-02-12 04:47:49 · answer #3 · answered by f0xymoron 6 · 0⤊ 0⤋
A policy is a statement of your current method of operation, a strategy is a plan of action for the future.
2007-02-12 04:50:48 · answer #4 · answered by mittobridges@btinternet.com 4 · 0⤊ 0⤋
Strategy is the direction while policy is the rule book you follow in that direction.
2007-02-12 06:35:49 · answer #5 · answered by mangal 4 · 0⤊ 0⤋