Organizational goals – The policies are formulated to achieve organizational goals. Proper organization – Policies should be framed by the participation of person at various levels of management. Reflect the business environment – The policies should be based on the internal and external environment.

1. Considerations in Policy formulation
Corporate Management

2. Prepared By
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Manu Melwin Joy
Assistant Professor
Ilahia School of Management Studies
Kerala, India.
Phone – 9744551114
Mail – manu_melwinjoy@yahoo.com

3. Considerations in Policy formulation
• Organizational goals –
The policies are
formulated to achieve
organizational goals.

4. Considerations in Policy formulation
• Proper organization –
Policies should be
framed by the
participation of
person at various
levels of
management.

5. Considerations in Policy formulation
• Reflect the business
environment – The
policies should be
based on the internal
and external
environment.

6. Considerations in Policy formulation
• Consistency – Various
policies of an
enterprise should
conform to each
other.

7. Considerations in Policy formulation
• Proper communication -
The policies should be
properly communicated
to each level of
management.

8. Considerations in Policy formulation
• In writing – the
policies should always
be in writing.