Category: Policy

A policy is a deliberate system of principles or guidelines formulated to influence decisions and achieve rational outcomes. It serves as a framework for decision-making within organizations, governments, or institutions. Policies provide a consistent approach to addressing specific issues, promote efficiency, and help ensure compliance with regulations and laws. They can vary widely in scope and application, addressing areas such as economic, social, environmental, or administrative matters. Policies can be formal, documented rules that are officially enacted, or informal frameworks that guide behavior and decision-making. They are critical in establishing expectations and standards for conduct, aligning organizational activities with broader objectives, and facilitating accountability and transparency.