Business Policy
by
Benedikt Liegener
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last modified
Apr 26, 2012 11:56
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filed under:
KnowledgeModel
Definitions
| Term: Business Policies |
Domain: Cross-cutting issues | ||||
|---|---|---|---|---|---|
| Engineering and Design (KM-ED) |
Adaptation and Monitoring (KM-AM) |
Quality Definition, Negotiation and
Assurance (KM-QA) |
Generic (domain independent) |
||
| D o m a i n : L a y e r s |
Business Process Management (KM-BPM) |
||||
| Service Composition and
Coordination (KM-SC) |
|||||
| Service Infrastructure (KM-SI) |
|||||
| Generic (domain independent) |
Business Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. It permits the lower level management to deal with the problems and issues without consulting top level management every time for decisions. Business policies are the guidelines developed by an organization to govern its actions. They define the limits within which decisions must be made. Business policy also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and responsibilities of top level management, the significant issues affecting organizational success and the decisions affecting organization in long-run [Managementstudyguide]. | ||||
Competencies
- Tilburg: Business Process Management; http://www.tilburguniversity.nl/eriss/research/; Mike Papazoglou, Oktay Turetken
References
- [Managementstudyguide] Business Policy: http://www.managementstudyguide.com/business-policy.htm
