Brno, Czech Republic

Economic Policy

Hospodářská politika

Master's
Language: CzechStudies in Czech
Subject area: economy and administration
Years of study: 2
University website: www.muni.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
It is better to walk than to run; it is better to stand than to walk; it is better to sit than to stand; it is better to lie than to sit.
Hindu proverb.
Policy
Policy doesn't advance in a vacuum.
Philip J. Crowley, Nikki Haley: Does it matter that a UN ambassador has no foreign policy experience?, BBC (24 November 2016)
Policy
Don't throw a monkey-wrench into the machinery.
Philander Chase Johnson, Everybody's Magazine (May 1920), p. 36.
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