FinServ is one of the areas prone to disruption, as FinTech startups and entrepreneurs have a different take on financial services. FinServ is one of the areas prone to disruption, as FinTech startups and entrepreneurs have a different take on financial services.
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. This information is often quite valuable when policies must be evaluated or used in ambiguous situations, just as the intent of a law can be useful to a court when deciding a case that involves that law. 2  Definitions, providing clear and unambiguous definitions for terms and concepts found in the policy document.
Definition of Policy Formulation. Policy formulation is the development of effective and acceptable courses of action for addressing what has been placed on the policy agenda. Effective formulation means that the policy proposed is regarded as a valid, efficient, and implementable solution to the issue at hand. If the policy is seen as ineffective or unworkable in practice, there is no legitimate reason to propose it. Policy analysts try to identify effective alternatives.