Practicing Success
"Reservation of 10% seats in IIT examination for girls". What type of plan it is? |
Budget Policy Rule Objective |
Rule |
The correct answer is option 2 i.e. Rule. The provision for reservation (allowing reservation) is a broader policy, while the specific percentage (10%) falls under the category of a rule within that policy. Thus., the statement "Reservation of 10% seats in IIT examination for girls" is an example of a "Rule." Policies are general statements that guide thinking or channelise energies towards a particular direction. Policies provide a basis for interpreting strategy which is usually stated in general terms. They are guides to managerial action and decisions in the implementation of strategy. For example, the company may have a recruitment policy, pricing policy within which objectives are set and decisions are made. If there is an established policy, it becomes easier to resolve problems or issues. As such, a policy is the general response to a particular problem or situation. Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be taken. They are usually the simplest type of plans because there is no compromise or change |