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Business policy helps guide strategy irnplernentation from a
control perspective, but it can also enable innovation. Policy
must be carefully developed so to empower employees, but must also be stringent enough to set boundaries and enforce expectations. To understand the central significance of the
relationship between policy and strategy to top managers and their organizations, you must gain an understanding of how environrnents, external and internal, affect the functioning of

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Policy is a fundamental principle adapted by organisation and is more related to ethics and morals. Policy is always... View the full answer

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