By Elizabath Pappachan, Indian Institute of Technology Madras.
Policy is a course of action, selected from various alternatives, that an individual or an organisation adopts, which influences the present and future decision making. Policy cycle is the most optimal model through which policies are made, put into action and evaluated. It is described usually in six stages, which are: agenda setting, policy formulation, adoption, implementation, evaluation and policy maintenance. It is understood as a cycle, as the outcome of the implementation of the policy will help in determining any alteration in the existing policy or the creation of a new one. (more…)