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Question
Distinguish between the following:
Objective and Policy
Distinguish Between
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Solution
| No. | Objectives | Policies |
| 1. | Ends towards which all activities of an organisation are directed. | Guidelines which facilitate the accomplishment of predetermined objectives. |
| 2. | Determine what is to be done. | Determine how the work is to be done. |
| 3. | End-points of planning. | Means by which objectives are to be achieved. |
| 4. | Determined by top management and owners. | Formulated at top, middle and lower levels. |
| 5. | One objective may require more than one policy. | Every policy relates to one particular objective. |
| 6. | Derived from philosophy of business. | Derived from objectives. Provide meaning and content to objectives. |
| 7. | Indicate the destination. | Provide the route. |
| 8. | Basic to the very existence of an organisation. | Not basic to existence. |
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