Final answer:
The company's president is engaged in the management function of policy-making and implementation.
Step-by-step explanation:
The company's president is engaged in the management function of policy-making and implementation.
Policy-making involves making decisions and setting objectives for the organization. In this case, the president is developing a policy to increase the company's commitment to its employees.
Implementation refers to the process of putting the policy into action by developing procedures and guidelines to ensure that the policy is effectively carried out. The president is developing a set of procedures to implement the policy.