Merits of instituting processes and policies

What are the merits of instituting processes and policies?

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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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