Developing policy

Describing a definite course or method of action selected from among alternatives and in the light of given conditions to guide and usually determine present and future decisions. The policy process is the formulation, promulgation, and application of identifications, demands, and expectations concerning the future interpersonal relations of the self. Projected action may be either social or private; it may concern either the actor alone or his relations with other persons. A course of action in relation to others may be termed the policy of the actor.

In a narrower sense, a policy is statement of procedure or principle by which an organization (such as a government or company) intends to realize its objectives. It insures proper direction toward definite objectives of an organization in the light of internal factors and organizational functions. Policy may be flexible, such as for the purpose of regulating a system over time in such a way as to optimize the realization of many conflicting relations without wrecking the system.