Policy vs. Standard

Attribute	Policy	Standard
Definition	A set of principles or rules established by an organization to guide decisions and achieve outcomes	An established norm or requirement that must be followed
Scope	Generally broader in scope, covering a wide range of issues	More specific in scope, focusing on particular areas or topics
Flexibility	May allow for some flexibility in interpretation and implementation	Typically less flexible, with strict requirements that must be met
Enforcement	Enforcement of policies may vary and may not always be strictly enforced	Standards are often enforced more rigorously and consistently
Compliance	Compliance with policies is usually expected but may not always be strictly monitored	Compliance with standards is often mandatory and closely monitored

Definition

When it comes to organizational governance, policies and standards are two key components that help establish guidelines and rules for employees to follow. Policies are high-level statements that outline the organization's goals and objectives, as well as the rules and procedures that employees must adhere to. Standards, on the other hand, are more specific and detailed guidelines that provide instructions on how to achieve compliance with policies. While policies set the overall direction, standards provide the specific steps to follow.

Scope

Policies typically cover a broad range of topics and apply to the entire organization. They are often created by top management and are meant to guide decision-making at all levels. Standards, on the other hand, are more focused and specific. They are usually developed by subject matter experts and apply to a particular area or process within the organization. Standards provide detailed instructions on how to achieve compliance with policies in a specific context.

Flexibility

One key difference between policies and standards is their level of flexibility. Policies are generally more flexible and allow for interpretation based on the specific situation. They provide a framework for decision-making but leave room for discretion. Standards, on the other hand, are more rigid and specific. They provide clear guidelines on how to achieve compliance and leave little room for interpretation. While policies set the overall direction, standards provide the specific steps to follow.

Enforcement

Another key difference between policies and standards is their enforcement mechanisms. Policies are typically enforced through monitoring and oversight by management. Employees are expected to follow the guidelines outlined in policies, and violations can result in disciplinary action. Standards, on the other hand, are often enforced through audits and inspections. Compliance with standards is usually measured against specific criteria, and non-compliance can result in corrective actions or penalties.

Development Process

The process of developing policies and standards also differs. Policies are usually developed by top management in consultation with key stakeholders. They are often reviewed and approved by senior leadership before being implemented. Standards, on the other hand, are typically developed by subject matter experts who have in-depth knowledge of a particular area or process. They are often based on industry best practices and may undergo multiple rounds of review before being finalized.

Documentation

Both policies and standards require documentation to ensure that employees are aware of and understand the guidelines. Policies are usually documented in a policy manual or handbook that is accessible to all employees. Standards, on the other hand, are often documented in detailed procedures or work instructions that provide step-by-step guidance on how to achieve compliance. Both policies and standards may also be communicated through training sessions or other forms of employee education.

Compliance

Compliance with policies and standards is essential for maintaining organizational integrity and achieving business objectives. Policies set the overall direction and goals for the organization, while standards provide the specific steps to follow to achieve compliance. Both policies and standards help ensure consistency and quality in operations and decision-making. Non-compliance with policies and standards can result in legal and financial consequences for the organization.

Conclusion

In conclusion, policies and standards are essential components of organizational governance that help establish guidelines and rules for employees to follow. While policies set the overall direction and goals, standards provide the specific steps to achieve compliance. Policies are more flexible and high-level, while standards are more specific and detailed. Both policies and standards are necessary for maintaining organizational integrity and achieving business objectives.