Business policy
| Wiki for ITS | ||||||
|---|---|---|---|---|---|---|
|
|
| Definition: | directive that is concerned with directly controlling, influencing, or regulating the actions of an enterprise and the people in it and that is not directly enforceable |
|---|
| Source: | BMM | Concepts |
|---|
| Dictionary Basis: | a definite course or method of action selected (as by a government, institution, group, or
individual) from among alternatives and in the light of given conditions to guide and usually determine present and future decisions ; MWUD 'Policy' {5a)"a definite course or method of action selected (as by a government, institution, group, or individual) from among alternatives and in the light of given conditions to guide and usually determine present and future decisions ; MWUD 'Policy' {5a)" cannot be used as a page name in this wiki. |
|---|
| Concept type: | directive |
|---|
| Note: | The purpose of a business policy is to govern or guide the enterprise. The formulation of a
business policy is under an enterprise’s control by a party authorized to manage, control, or regulate the enterprise, by selection from alternatives in response to a combination of assessments."The purpose of a business policy is to govern or guide the enterprise. The formulation of a business policy is under an enterprise’s control by a party authorized to manage, control, or regulate the enterprise, by selection from alternatives in response to a combination of assessments." cannot be used as a page name in this wiki. |
|---|
| Note: | ‘Not directly enforceable’ means that some interpretation of the directive (e.g., in business
rules) is needed in order to detect violations."‘Not directly enforceable’ means that some interpretation of the directive (e.g., in business rules) is needed in order to detect violations." cannot be used as a page name in this wiki. |
|---|
| Note: | Compared to a business rule, a business policy tends to be less structured, less discrete, less
atomic, less compliant with standard business vocabulary, less formally articulated."Compared to a business rule, a business policy tends to be less structured, less discrete, less atomic, less compliant with standard business vocabulary, less formally articulated." cannot be used as a page name in this wiki. |
|---|
