Explain the differences between strategy and policy. (3 marks)
Basis of Difference
Policies are general guidelines that direct the efforts of all individuals in a common direction.
Strategies are comprehensive plans that provide broad contours to accomplish the desired goals.
They are rigid and permanent in nature.
They are flexible and temporary in nature.
Focus is on carrying out the routine functions in a prescribed manner.
Focus is mainly on defining the long term scope of business and solving problems.