Classification of Corporate Policies

Financial Theory and Corporate Policy (4th Edition)Corporate policies have been classified on the basis of various criteria. Over the years, the number of bases have changed and developed.

Basically there are three main types of policies:

  1. Basic Policies
  2. General Policies in
  3. Departmental Policies

Classification of Corporate Policies

Different authors have given different kinds of classifications. Some have classified policies on the basis of functional areas, while some have classified them on the basis of levels. Alfred and Beatty have classified policies as:

  • Top Management Policies
  • Upper Middle Management Policies
  • Middle Management Policies
  • Foremen Policies
  • Operating Force Policies
  • Sales Policies
  • Production Policies
  • Research Policies
  • Financial Policies
  • Costing Policies
  • Accounting Policies
  • Marketing Policies
  • Promotion Policies
  • Product Policies