Business Policy and Strategy

Business policy refers to the guiding principles and frameworks that govern a company's operations and decision-making processes. It sets the rules for how a business should conduct itself and respond to challenges. Strategy, on the other hand, is the plan that outlines how a company will achieve its goals and gain a competitive advantage in the market. Together, business policy and strategy help organizations align their resources, navigate challenges, and make informed decisions to succeed in a dynamic environment, ensuring long-term growth and sustainability.