ABSTRACT
The policies followed by business concerns must in the great majority of instances are inferred from their actions. A policy is a plan which states an objective, but only infrequently are these plans specifically stated and rigidly adhered to. They are used chiefly for instructional purposes, and instruction in major policies is more likely to be verbal than written. This chapter discusses the policies of migrated companies which distinguish them as a group. It indicates how certain policies that are widely used in United States work out in South American countries. When a branch plant attempts to inaugurate some policy habitually followed in United States, there frequently is misunderstanding on the part of those affected. Among the policies most generally followed by branch plants are many in reference to labor. These include the payment of wages above the going rate, the use of incentive wage schemes, advancement on the basis of merit only, and the establishment of employee benefits.
