POLICY STATEMENT Meaning and
Definition
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A policy statement is a formal written document that outlines the principles, rules, guidelines, or objectives that an organization or individual adopts to direct its actions and decision-making processes. It serves as a clear and concise expression of the overall direction or stance taken by an entity regarding a specific issue, goal, or course of action.
Typically, policy statements are drafted by organizations to establish their position on various matters, such as ethical conduct, human resources practices, safety procedures, or environmental initiatives. They are designed to communicate the organization's values and intentions to its stakeholders, including employees, customers, suppliers, and the general public.
Policy statements often set the framework for specific policies, regulations, or procedures within an organization, guiding employees in their day-to-day activities. They can be used as a basis for decision-making, performance evaluations, and risk management strategies. Policy statements may be tailored to meet legal requirements, industry standards, or internal needs, ensuring consistency and clarity in addressing specific issues or challenges.
In summary, a policy statement is an authoritative document that articulates an organization's position on a particular topic, serving as a guiding principle for decision-making, setting expectations, and defining the organization's approach to various aspects of its operations.
Common Misspellings for POLICY STATEMENT
- oolicy statement
- lolicy statement
- 0olicy statement
- pilicy statement
- pklicy statement
- pllicy statement
- pplicy statement
- p0licy statement
- p9licy statement
- pokicy statement
- popicy statement
- pooicy statement
- polucy statement
- poljcy statement
- polkcy statement
- polocy statement
- pol9cy statement
- pol8cy statement
- polixy statement
- polivy statement
Etymology of POLICY STATEMENT
The word "policy" originated from the Middle French word "police" in the 14th century, which referred to the organization and regulation of a government. It was derived from the Latin word "politia" meaning "the condition of a state". In the early 15th century, "policy" started to be used to describe a specific plan of action or guiding principle.
The word "statement" came from the Old French word "estatment", which means "an establishment, state, or state of affairs". It was derived from the Latin word "stare" meaning "to stand".
When combined, "policy statement" refers to a written or verbal declaration that outlines a set of principles, objectives, or guidelines regarding a specific topic or course of action.
Similar spelling word for POLICY STATEMENT
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