Abstract:
For any organization to attain a high level performance, it must have an established and clearly defined
rules and regulations to direct its activities.
Since
business policy is said to be a broad general guide to
action which constrains or directs goal attainment, every
organization must have a well defined rules and regulations
called policies to direct actions in order to achieve
greater performance.
These policies must not only be formulated but also
make available to workers and be implemented effectively
and efficiently by all the managers involved through and
with their subordinates/employees.
This study was intended to investigate the need
and effect of business policies on organizations performance.
sample size for the study was determined by means Of
Yaro Yamini•s formula. The respondents were selected by
stratifled random sampling method. Data were collected
by methods of library research, questionnaire and Interview.
The findings of the study in the three selected
companies show that, there is need for policies in every
organization since they have positive effect on
organizations performance.