POLICY

Policy

A policy is a principle or protocol 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 ...

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policy

Noun

  1. The art of governance; political science.
  2. A state; a polity.
  3. A set political system; civil administration.
  4. A trick; a stratagem.
  5. A principle of behaviour, conduct etc. thought to be desirable or necessary, especially as formally expressed by a government or other authoritative body.
    The Communist Party has a policy of returning power to the workers.
  6. Wise or advantageous conduct; prudence, formerly also with connotations of craftiness.
  7. Specifically, political shrewdness or (formerly) cunning; statecraft.
  8. The grounds of a large country house.
  9. Motive; object; inducement.

Noun (etymology 2)

  1. A contract of insurance
  2. An illegal daily lottery in late nineteenth and early twentieth century USA on numbers drawn from a lottery wheel (no plural)
  3. A number pool lottery

Verb

  1. To regulate by laws; to reduce to order.


The above text is a snippet from Wiktionary: policy
and as such is available under the Creative Commons Attribution/Share-Alike License.

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