Associate degreeI am Felipé Pedrosa, a Brazilian student from Manaus, on the associate degree program at the Hubbard College of Administration (HCA), Los Angeles, CA. I have just completed the “How to Write Effective Company Policy” course. Like the others courses I have done here at the Hubbard College of Administration, not surprisingly, this is a great and vital course for any executive. After completing this course, I realized the chief importance of policy in a business.  Policy, once derived, guides actions and assures predictable results. The understanding I had regarding policy was incomplete.  I thought that policy was a rule that everyone had to follow in an organization, company, government, etc. This is not totally wrong, though is not totally right either.  I discovered that policy is not only about a rule that has to be followed nor only about the result one can get. Policy is a principle which management evolves and issues for specific activities or projects in a company. Policy is a codification of successful actions to be continued and injunctions against the performance of unsuccessful actions thereby enhancing the stability and viability of a company. After gaining my new perspective on policy, when I look at my business, I can clearly see that many problems are the result of missing policy. These problems could have been handled or avoided, if management had created policies specifically for that action. Policy creation is the responsibility of top executives, who are responsible for the performance of the enterprise as a whole.  Policy handles expansion. Expansion achieves viability and the ability to have a better exchange with a company’s public, culminating in a better bottom line as well. Lastly, I learned where policy fits in in relation to purpose and product.  Policy, to be truly effective, must align with the purpose and the valuable final product (or service) of the company.  They (purpose, policy, and product/service) all must agree.  Of these three, purpose is senior. With the data I acquired in the “How to Write Effective Company Policy” course and with my new viewpoint, I can clearly see flaws, successful actions, problems and other situations in my company that this data will help me solve effectively. Hubbard College of Administration is a self-paced business school that offers an exceptional business administration curriculum, unique learning technology, life-changing apprenticeships and internships, assistance with job placement and a lifetime warranty for students.  I am currently on the “How to Increase Profits through Proper Financial Planning” apprenticeship.