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Business Policy Business policy refers to the roles and responsibilities of top-level management, the significant issues affecting organization-wide performance and the decisions affecting them in the long run. Business Policy defines the scope within which decisions can be assumed by the subordinates in an organization. Business policy allows the lower level management to deal with the issues and problems without consulting top level management for decisions (Grant, 2002). Business policies are the guidelines developed by an organization to manage its actions. Business policies define the limits within which decisions must be made. It also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and duties of top level management, the major issues affecting organizational success and the decisions affecting organization in long-run (Grant, 2002).
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  • Fall '11
  • Management, Pettigrew, R. Whittington, Handbook of Strategy and Management

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