Explain objective and policy as types of plan using suitable examples?

Question: Explain objective and policy as types of plan using suitable examples?

Objective and policy are types of plans used in organizations to achieve specific goals. Objectives are specific and measurable outcomes that an organization wants to achieve, while policies are guidelines or rules that dictate how an organization will achieve its objectives.

For example, a company may have an objective to increase its market share by 20% within the next year. To achieve this objective, the company may implement policies such as increasing its advertising budget, developing new products, and improving customer service. These policies provide a roadmap for how the company will achieve its objective and guide decision-making processes.

In another example, a government may have an objective to reduce greenhouse gas emissions by 50% within the next decade. To achieve this objective, the government may implement policies such as investing in renewable energy sources, imposing taxes on carbon emissions, and promoting public transportation. These policies help to achieve the government's objective while also addressing environmental concerns.

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