Prague, Czech Republic

Economic Policy

Hospodářská politika

Bachelor's
Language: CzechStudies in Czech
Subject area: economy and administration
Years of study: 3
University website: www.cevroinstitut.cz
Policy
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making. Policies to assist in subjective decision making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result are often hard to test objectively, e.g. work-life balance policy. In contrast policies to assist in objective decision making are usually operational in nature and can be objectively tested, e.g. password policy.
Policy
There is no such thing as a fixed policy, because policy like all organic entities is always in the making.
Attributed to Robert Gascoyne-Cecil, 3rd Marquess of Salisbury. M. R. D. Foot, British Foreign Policy Since 1898, p. 9 (1956). Not verified in Salisbury's writings.
Policy
To beguile the time,
Look like the time; bear welcome in your eye,
Your hand, your tongue: look like the innocent flower,
But be the serpent under 't.
William Shakespeare, Macbeth (c. 1605), Act I, Scene 5.
Policy
Mahomet made the people believe that he would call a hill to him, and from the top of it offer up his prayers for the observers of his law. The people assembled; Mahomet called the hill to come to him, again and again; and when the hill stood still, he was never a whit abashed, but said, "If the hill will not come to Mahomet, Mahomet will go to the hill."
Francis Bacon, Essays, "Of Boldness".
Privacy Policy