3.3 What is the difference between a policy and a strategy?

Policies are the guidelines, rules and procedures an organisation develops to govern its actions and outline decision making limits. It is:

  • widely communicated
  • available to and accessible by all staff.

Strategies are an action plan created to achieve one or more goals and bridge the gap between where it is and where it wants to be. It:

  • relates to how you allocate and use materials and human resources
  • requires executive approval.

Important note

If you are a relevant employer with 500 or more employees, you must have a formal policy or strategy in particular areas. These requirements are stipulated under the minimum standards