in strategic management what is the difference between business policy and strategy please explain with example
1 Replies
Ashish Ojha
(Chartered Accountant)
(469 Points)
Replied 02 June 2010
In Simple terms Policy is something that you decribe something in advance and it is a general respose to a given situation.. For eg.. It is business policy to give cash discounts to customers, it a Business Policy of charging different prices frm different customers.. ]
A strategy somethig like a plan.. Example You Launch a High tech product at low price to outperform your competition..
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