Corporate-Owned Personally-Enabled (COPE) is where the company purchases the device, such as a tablet, phone, or laptop, and allows the employee to use it for personal use. It is a much better solution for the company than BYOD. However, the IT team can limit what applications run on the devices as they as corporate-owned.
The COPE model can also help IT work within legal and regulatory parameters. Some European countries prohibit companies from wiping data on personal devices; if an employee loses a device, a remote wipe cannot be done. However, with COPE, the IT team has every right to wipe it remotely as it is corporate-owned and they remain compliant.