Merits of instituting processes and policies
What are the merits of instituting processes and policies?
Expert
Prescribing new policies and operating processes designed to facilitate strategy execution has merit from many angles:
i. It gives top-down direction about how certain things now require to be done.
ii. It helps enforce required consistency in how exacting strategy-critical activities are performed in geographically scattered operating units.
iii. It promotes the creation of a job climate that facilitates fine strategy execution.
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