Managerial Policy in UAE Companies: Features, Implications, and Importance

INTERNATIONAL
BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................1
The managerial and policy...........................................................................................................1
Features of the policy...................................................................................................................1
The purpose of the policy............................................................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
The report includes the managerial policy formed by the companies in the UAE. The
company must follow the managerial policy and work for the employees as well. The report is
including the features and the implications of the global market on the companies of the UAE.
The companies of the UAE are focusing on how to strengthen the managerial policy of effective
working. UAE need to work on the efficient measures which would improve the working of the
companies of the UAE. The report is concentrating on the decision-making abilities of the
companies.
The managerial and policy
A policy in management can be defined as a statement which is being formulated by an
organization. The main aim of formulating this policy of management is to provide proper
guidance to its all employees. It is the way and mode of thoughts that help an international
business to perform activities and accomplish goals. As per the view of Stephenson and et.al.,
(2017) policies in management is a guide that may be helpful in the process of decision-making.
With the help of policy in management, an organization decides that when they need to make
decision and when they do not make. Policy may be verbal and written that shows and give a
direction to the manager in which their managerial actions will take place. There are some
importance and features of developing and formulating policy in management such as: It is an
effective plan which gives relevant answers of recurring problems and help the company in
accomplishing its goals. It also answers to all members of an organization in deciding their
career and future course of action. It does not only help employees and manager in deciding their
career but also help them out in telling that what they need and should do rather what they are
doing in actually.
It avoids repeated analysis of a situation as well as allow power delegation and have
strong control over actions. There is a requirement of management guidance at each stage and
level and managerial policy work as a guideline by which organizations can perform their
international business activities in efficient manner (Hyder and et.al., 2015).
The main agenda of making this policy is to minimize deviations of planned actions so
that every person work in the right direction. This helps companies in operating at local areas in
smooth manner. These managerial polices impact positive on the firm to run operations at
foreign market, because it clarifies specific standards that must be followed by management