corporate policy
Definition
Usually, a documented set of broad guidelines, formulated after an analysis of all internal and external factors that can affect a firm's objectives, operations, and plans. Formulated by the firm's board of directors, corporate policy lays down the firm's response to known and knowable situations and circumstances. It also determines the formulation and implementation of strategy, and directs and restricts the plans, decisions, and actions of the firm's officers in achievement of its objectives.
corporate policy is in the Decision Making, Problem Solving, & Strategy and Entrepreneurship, Management, & Leadership subjects.
corporate policy appears in the definitions of the following terms: management system, company policy, chief executive officer (CEO), distribution policy, strategic management, management and policy
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