Policy

A policy is a formal set of guidelines or principles that govern decisions and actions within an organization or system. It serves as a framework for consistent decision-making and behavior, outlining how particular situations should be handled. Policies can be established by governments, corporations, institutions, or other entities, and they often address issues like operational procedures, employee conduct, compliance with laws, and stakeholder interaction.Policies are typically designed to achieve specific objectives, enhance efficiency, ensure compliance with regulations, protect organizational interests, and guide users toward desired outcomes. They can be written documents or unwritten norms, and may come in various forms, such as regulations, corporate policies, or strategic plans. Policies are critical for creating accountability, clarity, and cohesiveness in organizations, as they help to standardize practices and expectations.