Why Policies Are Important for Business, Essay Example

Business policies are noted as a basic point of importance when it comes to managing profiting organizations at present. Relatively, business policies are noted as set of rules that are expected to be given attention to and followed by members of the organization. Employers and employees benefit as much from the said set of rules as it serves as the bridge between them, specifically outlining the expectations and responsibilities of both parties involved in a signed contract of operation.

Business policies specifically stipulate different points of consideration when employees are undergoing particular working operations that they are expected to complete. Relatively, apart from the specific expectations comes the noting of the ways by which the people are supposed to handle work arguments and issues among themselves including workmate conflicts. The stipulation of these matters within the clauses of the business policies helps the management deal with specifically disturbing accounts that may cause a lot of budget expense and time-wastage. Relatively, with the guidelines provided through the policies, such issues could be resolved accordingly. This is the reason why it is very important to renew or refurbish the business policies regularly to be able to update it with situations that develop within the employees’ body of members hence addressing irregularities at a better rate in the future; this shall benefit the entire organization from being disturbed by conflicts and other legal matters that could be resolved accordingly. Overall, the importance of business policies is a definite element that protects the organization from unnecessary disturbances as well as give it the proper chance to develop accordingly especially towards a distinct path that would improve its stance in the industry especially in connection with how they define their relationship with the working employees of the organization.

Reference

Lawrence, A.T.& Weber, J.(2011). Business and society: Stakeholders, ethics, public policy, 13th ed. New York:McGraw-Hill/ Irwin.