What Is a Policy Cycle? First, what is a policy? We know that a policy and procedure are two distinct entities. According to the dictionary, policy is a âdefinite course or method of action selected from alternatives and in light of given conditions to guide and determine present and future decisionsâ.
Steel and metal industry. 1  The German steel and metal industry includes the steel, non-ferrous metals, foundry and steel and metal working industries. 2  As a result of its innovative capabilities and high-quality products, the German steel industry has established itself as a leading producer in the European Union.
The single most successful German industry is mechanical engineering, with a total turnover in 1991 of DM240 billion. Unlike many industries in Germany and elsewhere, it is dominated by small rather than large companies. It includes over 4,000 firms throughout Germany. Only 3 percent of the companies have more than 1,000 employees. German mechanical engineering has a range of more than 17,000 products. Almost two-thirds of the products are exported. The best-known industry and the second-largest, with a turnover of DM217 billion in 1991, is automotive manufacturing.