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A COMPREHENSIVE BEST-PRACTICES POLICY LIST
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A Comprehensive Best-Practices Policy List
Introduction
The pharmaceutical industry is in charge of designing, manufacturing, and marketing
pharmaceuticals or pharmaceutical drugs for use as medications to treat, prevent, or relieve
symptoms in patients (Goodman, 2020). As the vice-president of one of the multinational
pharmaceutical corporations in the world, I have been tasked with designing a comprehensive
best-practices policy list. This report also stipulates the major ramifications if such policies are
not created, predicts significant ways in which the best practices lead to the company’s long-term
sustainability, and determines whether the best practices policy will result in the company’s longterm sustainability.
Comprehensive best-practices policies.
A policy is an organization’s or an individual’s decision to take or propose a course of action
(McDonnell et al, 2013). The list of the best-practices policy on the following include:
Sanitation
Eating and drinking
In-house team leadership and meeting management
Online team
Security
Emergency evacuation procedures.
2. Key benefits of creating policy
With correct parameters offered, policy helps employees make more effective judgments. It also
aids in the delivery of job instructions. It aids in decision-making by fostering trust and lowering
bias. Furthermore, employees are shielded from acting in a way that puts their jobs in jeopardy.
3. Ramifications of not creating policies
According to the authors, the risks of not having an information policy include inconsistency,
repetition of effort, and a lack of accountability. Policies create order in an organization stating
clearly how things should be done and by who (Dunn, 2015).
4. Significance of best-practices policy.
One example is legislation: having a health and safety policy is required for any company with
more than five employees. This ensures that the company abides by the law governing a country.
Policies and procedures reflect a company’s professionalism and provide clear instructions for
employees on how to conduct business. It also shows your consumers all of your company’s
professional procedures and processes, giving them a clearer idea of who you are.
Policies demonstrate that the company is solid and in control, giving employees and the wider
public confidence. Having correct and compliance policies and procedures will provide
organizations with an immediate benefit throughout the tendering process. Companies that can
demonstrate organizational competence and highlight their working procedures are seen
favorably by evaluators.
Furthermore, when it comes to tendering, having a completely compliance policy suite is a must.
In some circumstances, policies can compensate for a lack of accreditations: a high-quality
health and safety policy can be used to obtain a contract that would otherwise be lost. The rules
and processes part is one of the most important excludi…
