John wants to implement a policy that allows employees to use and manage devices purchased by the organization but restricts the use of the device for business use only. This is known as a COBO (Company Owned, Business Only) policy. Under a COBO policy, the company provides the devices to the employees and maintains control over them, ensuring that they are used solely for business purposes123.

References: The concept of COBO is well-documented in enterprise mobility and device management literature, where it is described as a policy where the organization owns the devices and restricts their use to business activities only123. This approach is in contrast to BYOD (Bring Your Own Device), CYOD (Choose Your Own Device), and COPE (Company Owned, Personally Enabled) policies, which offer varying degrees of personal use456789.