What is policy formulation?

QuestionsWhat is policy formulation?
Priya Vishwas asked 2 weeks ago
   
3 Answers
Nikhil Rawat answered 2 weeks ago
Policy formulation is a process of making policies on how to deal with specific situations. Policy formulation is an important part of the decision-making process. Policy formulation may be done by the government, state, business, or other group. The objective is to create a policy that will lead to the desired outcome.  
Deepak Goyal answered 2 weeks ago
Policy formulation is the process of formulating a policy or policy proposal. It is the process of gathering information and making decisions about the creation, adoption, and implementation of a policy.   The process also includes identifying available resources, determining which policies are most effective, and analyzing potential outcomes that could occur if a certain policy were implemented.
Akshaj Singh answered 2 weeks ago
Policy formulation is the process of developing, reviewing, and implementing policies to achieve a specific goal. Policy formulation includes the following steps:
  1. Identify the policy problem or issue
  2. Determine what goals are needed to address this issue
  3. Develop a policy proposal that meets these goals
  4. Test the policy for feasibility
  5. Implement the policy