Basic Principles of Business Policy and Strategy

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The book delves into the essential role of business policies in guiding organizational actions and decision-making. It emphasizes that policies serve as decision rules, outlining the framework within which subordinates can operate independently. By establishing clear guidelines, organizations empower lower-level management to address issues without constant oversight from top management. Additionally, the text explores how business policies facilitate resource acquisition necessary for achieving organizational goals, highlighting their significance in both profit and non-profit contexts.