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Steps for Developing Policies for Your Business

(@Anonymous)
New Member

Hello,

These are the steps to develop policies for your business.

1.Think ahead. Establish policies before you need them. Doing so helps avert crises and awkward situations, and helps solve problems before they arise.

2.Determine what policies you need. Some you’ll want early in your business include a mission statement, as well as compensation, performance evaluation and employee policies.

3.Get input from key employees, as well as from members of your advisory board, your board of directors, and/or your professional advisors and consultants.

4.Communicate policies to everyone in your business.

5.Review policies on a regular basis—once a year, for example—and revise them as necessary.

Thank you

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Topic starter Posted : 12/03/2010 7:03 am
(@Anonymous)
New Member

Re: Steps for Developing Policies for Your Business

Hi guys

Facebook is closing in at 300 million users. Twitter is the fastest growing social site with 55 million. And LinkedIn is already the favorite child of over 65 million professional business users. How many of your employees, customers, and vendors are on these websites? And, what are they saying about you, your company, and your practices? Better yet – how are you responding? Having a social media policy in place does not mean that you get to dictate your image. But, you do get to interact responsibly in the conversation that dictates your image. And, you get to help your employees do the same.
The world is changing fast, and how we communicate is changing even faster. It isn’t just Gen Y that blogs and twitters – it is a growing phenomenon embraced by all generations. There are great benefits to today’s technology and its widespread use, but there are also some risks as dictated by Raj Malik of Network Solutions Facebook is closing in at 300 million users. Twitter is the fastest growing social site with 55 million. And LinkedIn is already the favorite child of over 65 million professional business users. How many of your employees, customers, and vendors are on these websites? And, what are they saying about you, your company, and your practices? Better yet – how are you responding? Having a social media policy in place does not mean that you get to dictate your image. But, you do get to interact responsibly in the conversation that dictates your image. And, you get to help your employees do the same.
The world is changing fast, and how we communicate is changing even faster. It isn’t just Gen Y that blogs and twitters – it is a growing phenomenon embraced by all generations. There are great benefits to today’s technology and its widespread use, but there are also some risks as dictated by Raj Malik of Network Solutions

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Posted : 22/03/2010 5:00 am
(@Anonymous)
New Member

Re: Steps for Developing Policies for Your Business

IMO before developing any policy, ask yourself “why do I need it?”

Policies in a company are just like the government laws for common people. If any SMEs want to grow and don’t want to incur loss then create, implement and follow this policy. A simple policy should have the following contents:

1. Introduction
2. Objective
3. Scope
4. Axioms
5. Policy Statement
6. Role and Responsibilities
7. Review
8. Annexure(Form and Procedures) - If any

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Posted : 22/03/2010 8:56 am
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