Basis | Policy | Procedures |
Meaning | A precise statement which contains the set of principles acting as guidelines for achieving the goals of an organization is known as Policy. | The Procedure is a systematic sequence for an activity or task which is predefined by an organization |
Nature | Policies are flexible in nature, i.e. they allow exceptional situations. | Procedures are rigid in nature. |
Reflects | The mission of the organization. | The practical applicability of the policies. |
Involves | Decision Making | Actions |