Explain various types of Policies?
In order to ensure the smooth operations of the organization, the managers have to formulate and implement a number of policies in the organization. Mainly these policies can be classified as:-
Major policies: the major policies of the organization can be described as the policies that are used for providing a unified direction to the organization and which require the commitment of significant resources of the organization. In this way, the major policies provide direction to the organization in its efforts to achieve its objectives. Therefore it is very important that the major policies are capable of supporting the goals of the organization.