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Public Organization, The Word "Policy" Refers To Essay

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¶ … public organization, the word "policy" refers to the direction that the organization is taking (Dictionary.com, 2014). The organization has a mandate which serves as a broad sense of direction, but the policies it enacts are more specific actions that it undertakes. At some government levels, policy can be more generalized, such as a policy of promoting free markets, for example. Organizations set policies, so the strategic direction that the federal government is taking with respect to environmental issues will affect other agencies or public organizations. For example, if the federal government has a policy to take strong action on climate change, it will initiate a number of policy initiatives that will seek to change the actions of the other public organizations. Many organizations can be affected by a policy, depending on the type of policy that the government enacts. A broad policy like one of budget cutting in order to balance the budget would affect all agencies, including those that work with the environment.

A specific policy of the proposed carbon swaps will affect a public organization such as the IRS. The carbon swaps will create different tax obligations and the IRS has to then sit down and figure out how they will want to implement this new policy. In addition to how the IRS implements the policy with others, it might also need to change some of its procedures,...

Financial policies are based on the idea that improving the bottom line of the organization is the most important thing; environmental policies place high importance on environmental outcomes and social policies place importance on people. The triple bottom line emphasizes that the best policies are ones that allow the organization to optimize all of these, or as many as might be possible (Slaper & Hall, 2011). The idea is to find the idea solution, rather than just optimizing one of these things.
I think that the differences between these policies is because they are oriented towards different objectives. A company might choose to maximize one of these, and ignore the other two. The triple bottom line emphasizes the need to maximize all three, so that there is basically one policy that satisfies all needs. It is a technique that should deliver better policies. So of course a financial policy will be whatever maximizes profit, but maybe when there is balance with the other…

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Dictionary.com (2014). Policy. Dictionary.com. Retrieved July 9, 2014 from http://dictionary.reference.com/browse/policy

Slaper, J. & Hall, T. (2011) The triple bottom line: What is it and how does it work? Indiana Business Review. Retrieved July 9, 2014 from http://www.ibrc.indiana.edu/ibr/2011/spring/article2.html

Le Grand, J. (2003). Motivation, agency, and public policy: Of knights, knaves, pawns and queens. Oxford University Press. Oxford.
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