Amend operational policies and procedures to incor

[Midfielder]

Post you tho's on this element on this thread.

[ashrafun]

Every company whether big or small needs the protection of a policy and procedures manual to run its operation smoothly. Policies and procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies as well as incorporate corrective actions whenever necessary.
There are four very basic reasons that necessitate writing or amendmenting operational policies and procedures for business to take corrective actions as required:
1. Operational needs — Policies and procedures ensure that fundamental organizational processes are performed in a consistent way that meets the organization's needs.
2. Risk management — Established policies and procedures are identified by Committee of Sponsoring Organizations of the Treadway Commission (COSO) as a control activity needed to manage risk.
3. Continuous improvement — Procedures can improve processes by implementing a Plan-Do-Check-Act (PDCA) approach by building important internal communication practices.
4. Compliance — Well-defined and documented processes (i.e. procedures, training materials) along with records that demonstrate process capability can demonstrate an effective internal control system compliant with regulations and standards.
If business faces problems while operating properly it should amend its existing policies and take corrective actions to take control over the business. Because this can guide one to take decisions as required to attain his/ her business goals and objectives and make the business venture a profitable one.

[nirmala]

Thus the importance of good business performance of an organization has to do with its resources, infrastructure, policies and business systems. An organization is the formation of an administering system with certain capability to utilize resources in order to facilitate functions which its policies govern and by which its infrastructure can optimize and secure, the same time making sure not to lose money by losing valuable sales in connection with the business plan. For all of these reasons review of business systems and structures is very important with a view to more effectively supporting business performance.
There are four very basic reasons that necessitate writing or amending operational policies and procedures for business to take corrective actions as required:
1. Operational needs — Policies and procedures ensure that fundamental organizational processes are performed in a consistent way that meets the organization's needs.
2. Risk management — Established policies and procedures are identified by Committee of Sponsoring Organizations of the Treadway Commission (COSO) as a control activity needed to manage risk.
3. Continuous improvement — Procedures can improve processes by implementing a Plan-Do-Check-Act (PDCA) approach by building important internal communication practices.
4. Compliance — Well-defined and documented processes (i.e. procedures, training materials) along with records that demonstrate process capability can demonstrate an effective internal control system compliant with regulations and standards.
If business faces problems while operating properly it should amend its existing policies and take corrective actions to take control over the business. Because this can guide one to take decisions as required to attain his/ her business goals and objectives and make the business venture a profitable one.

[rosebud]

Growing a business can be tough, and in today’s competitive world business owner and managers need new strategies and new thinking to take their business to the next level.
While selling your current product/service may result in growth initially, there may be a time when sales start to decline or your growth plateaus and you need to seek other avenues and ways to increase your revenue.
Depending on your goals and objectives, there are different ways to grow your business. However, each strategy demands careful consideration, a well developed plan and a committed team in order to be successful.
If you want to grow your business, consider:
• acquiring a new business
• identifying acquisition targets
• raising capital to fund acquisitions
• alliances and partnerships
• export strategy
• using technology
• leveraging innovation for growth
www.smallbiz.nsw.gov.au/grow/strategy/growthstrategies/Pages/default.aspx

[anilla]

All businesses benefit from policies, procedures and processes combined into a documented system under which the business operates.

A policy is a written or verbal statement of a firm’s stance on a topic. It defines how things are done in the business and what rules apply. Policies can include such things as annual leave, dress codes, internet usage and the use of drugs and alcohol in the workplace.

A procedure is usually a step-by-step instruction to achieve a certain outcome. Some procedures, such as operating heavy equipment, can be quite detailed. Others can be more general in nature. Specialist procedures, such as handling hazardous chemicals, should be written by someone with experience in the field.

A process is a method or system for achieving a certain outcome. Companies can put in place a manufacturing process or there can be a process for obtaining sales.

It is important that company policies, procedures and processes are properly documented and can be easily obtained by each member of staff. Electronic systems can be useful to ensure that staff members have the information readily available when they need it.

It is also important that when policies, procedures or processes form part of an employee’s conditions of employment that they are either attached to the employment contract or given directly to an employee for consideration.

Benefits of a documented system are:

better succession options for the business, including saleability
ensuring that record keeping, compliance and reporting obligations are met
smooth running of the business
effective training of new staff
reduction of administrative time
assists in reducing risk
clear direction for employees on how to operate within the business
consistency in product or service delivered
the business not totally dependent on the owners.
Policies, procedures and processes should be reviewed and updated regularly – at least annually. Updates should also be made when legislation or compliance changes impact on the business. Any changes to policies, procedures or processes should be communicated to staff
www.smallbiz.nsw.gov.au/run/operations/policies/Pages/default.aspx

[poonam]

Policies and procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental regulationsPolicies and procedures have many names including but not limited to business policies and procedures, standard operating procedures or SOP, or department operating procedures or DOP.Policy-and procedure writing often uses a standard format within an organization, including a complete history of changes made to the document. Typically, the format includes a purpose, persons affected, scope, sometimes a background section, a policy section, definitions, responsibilities, and a procedures section. The format when put into a template can also include information about the title, effective date, revision date, and an approval section.
• Existing store operations documentation review
• Writing/re-writing of policies and procedures
• Testing and validation
• Introduction and implementation plan
• Ongoing management, update and maintenance recommendations (people responsible, timing, methodology, etc.)

en.wikipedia.org/wiki/Policies_and_procedures
www.dionco.com/services