What is a Policy Cycle?

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Summary

According to the dictionary, policy is a “definite course or method of action selected from alternatives and in light of given conditions to guide and determine present and future decisions”. People should have plenty of advance notice – give them time to learn the policy, discuss it with others, understand it, and submit their comments. The U.S. Congress has been doing this for years with respect to food safety, writing more laws for the FDA to enforce while hampering its ability to conduct inspections by slashing its budget. A good example of that is some automakers’ infatuation with the SUV, based on a policy of maximizing profit rather than giving customers what they need. Even if $140 barrels of oil and the decline in SUV sales weren’t a strong enough signal to them, the automakers should have been reevaluating their policy periodically with an eye to updating it.

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