policyˈpɒl ə si
English Definitions:
policy (noun)
a plan of action adopted by an individual or social group
"it was a policy of retribution"; "a politician keeps changing his policies"
policy (noun)
a line of argument rationalizing the course of action of a government
"they debated the policy or impolicy of the proposed legislation"
policy, insurance policy, insurance (noun)
written contract or certificate of insurance
"you should have read the small print on your policy"
Policy
A policy is a principle or rule to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by the Board of or senior governance body within an organization whereas procedures or protocols would be developed and adopted by senior executive officers. Policies can assist in both subjective and objective decision making. Policies to assist in subjective decision making would usually assist senior management with decisions that must consider the relative merits of a number of factors before making decisions and as a result are often hard to objectively test e.g. work-life balance policy. In contrast policies to assist in objective decision making are usually operational in nature and can be objectively tested e.g. password policy. The term may apply to government, private sector organizations and groups, and individuals. Presidential executive orders, corporate privacy policies, and parliamentary rules of order are all examples of policy. Policy differs from rules or law. While law can compel or prohibit behaviors, policy merely guides actions toward those that are most likely to achieve a desired outcome.
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"policy." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/policy>.
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