Policies and procedures play a very important role by defining an organization's guiding principles, providing detailed task instructions and forming the basic structure of business operations, according to the Global Post. Task procedures are designed following the framework of the governing policies.Know More
The KCG Consultant Group states that an organization's policies are the operational foundation for all its business processes. Clear policies define the business protocol and ensure that all employees operate according to a consistent prearranged formula. The Global Post notes that the scope of written policies includes language to cover legal issues that may arise due to the nature of the business, employee health and welfare, especially in hazardous operational conditions, and/or ethical concerns that may put the organization or the employee in a position of conflict.
Procedures document the who, what, when and how of task performance, according to the KCG Consultant Group. An individual procedure for a single task defines who is responsible for completion of the task, what steps are involved in the process, when each step is undertaken and how the progression of steps is performed to complete the procedure. The procedures manual, a collection of individual task procedures, forms the basic guiding document for the consistent completion of core responsibilities.Learn more about Managing a Business
The primary importance of the hydrosphere is that it contains water, which sustains a variety of life forms and plays an important role in regulating the atmosphere and surrounding ecosystems. The hydrosphere includes all water located on the surface of the Earth. It contains freshwater, saltwater and frozen water as well, including groundwater and water in the lower levels of the atmosphere.Full Answer >
Business research helps business managers find new markets and make the most of their resources. They are important for start-ups and investors. Established businesses often use it to find new areas for growth.Full Answer >
New product development helps companies stay competitive within the market due to changing demand from consumers, advancing technology and new market opportunities. The most innovative businesses will anticipate what the market demands and provide the product before it is requested.Full Answer >
Ethics in information technology is important because it creates a culture of trust, responsibility, integrity and excellence in the use of resources. Ethics also promotes privacy, confidentiality of information and unauthorized access to computer networks, helping to prevent conflict and dishonesty.Full Answer >