Corporate Policy: Its Strategic Role

Dimitris N. Chorafas

Chapter 7 in Membership of the Board of Directors, 1988, pp 135-161 from Palgrave Macmillan

Abstract: Abstract Policy is a fundamental guide, a general statement or understanding guiding the thinking of subordinates. General statements of policy are never specific, they are based on a philosophy or belief that serves to orient the actions of the company executives. More precisely, policies deal with broad matters, not detail; require study and thought; are approved only at the highest level of the organisation; extend over a long range of time; having been established, should be expressed in written text; and should be observed fully.

Keywords: Chief Executive Officer; General Motor; Functional Executive; Corporate Policy; Strategic Role (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-10182-5_7

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