BUSINESS PLANNING & POLICY MANAGEMENT

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724

SUB: BUSINESS PLANNING & POLICY MANAGEMENT

Instructions:

1. Maximum marks: 100 Marks

2. Attempt all questions

3. Illustrate with examples wherever applicable

Q.1 Form a project team of six or seven people, elect a leader, and construct a cause-and-effect diagram for bad coffee from a 22 cup coffee maker used in the office.

Ans. Create bar charts for business management problem solving and data comparison using the Concept Draw PRO diagramming and vector drawing software extended with the Bar Graphs Solution from the Graphs and Charts area of Concept Draw Solution Park.

Create bar charts for event management problem solving and visual data comparison using the Concept Draw PRO diagramming and vector drawing software extended with the Bar Graphs Solution from the Graphs and Charts area of

Q 2. Formulate a full factorial experiment to determine what factors affect the

Retention rate in college. Identify four factors each at two levels that you feel

Influence retention rate. For example, one factor could be external work

With two levels, 20 and 40 hours per week.

Ans. Retention of an administered antiemetic oral dose and its subsequent absorption during therapy is critically affected by recurrent emesis, a process coordinated by the vomiting centre in the lateral reticular formation of the

Q 3. Given three two-level factors and three suspected two – factor interactions;

Determine the degrees of freedom and the OA.

Ans. statistics, the number of degrees of freedom is the number of values in the final calculation of a statistic that are free to vary.

The number of independent ways by which a dynamic system can move without violating any constraint imposed on it, is called degree of freedom. In other words, the degree of freedom can be defined as the minimum number of independent coordinates that can specify the position of the system completely.

Q4) XYZ Ltd. Wishes to adopt the cost-leadership business strategy for one of its SBUs. How should it ensure operational effectiveness in terms of productivity, processes, people and pace? If, after 1 year, the company wishes to change over to a differentiation business strategy, identify the changes it should bring in its approach to attain operational effectiveness. (10 marks)

Answer: - Cost leadership is a concept developed by Michael Porter, used in business strategy. It describes a way to establish the competitive advantage. Cost leadership, in basic words, means the lowest cost of operation in the industry.[1] The cost leadership is often driven by company efficiency, size, scale, scope and cumulative experience (learning

Q5) In what way is the concept of life cycle and SWOT analysis helpful in making strategic choice at the business level? (10 marks)

Answer: - concept of life cycle:-

Business Life Cycle

Your business is changing. With the passage of time, your company will go through various stages of the business life cycle. Learn what upcoming focuses, challenges and financing sources you will need to succeed.

A business goes through stages of development similar to the cycle of life for the human race. Parenting strategies that work for your toddler cannot be applied to your teenager. The same goes for your small business. It will be faced with a different cycle throughout its life. What you focus on today will change and require different approaches to be successful.

The 7 Stages of the Business Life Cycle

Q6) Explain why business policy is a capstone, integrative course. How can an understanding of business policy help in a career choice? (10 marks)

Answer: - Business policy is a capstone:- Business Policy/Capstone begins with an introduction to the simulated operations and strategic management principles and practice.  A number of simulated companies, one for each team, are created for practice of strategy, policy, and integrated operations.  Students will begin management of their simulated company once they have gathered working knowledge of the firm.  The rest of strategic

Q7) Explain the meaning of strategic management in your own words. Identify the roles that CEOs play in strategic management.

Answer: - Meaning of strategic management:- Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.

Q8) Describe the essential characteristics of a mission statement. In what different ways can a mission statement be formulated?

Answer:-Essential characteristics of a mission statement:-

Function:-

The mission statement needs to include some description of the function of the business. For example, "to promote industrial excellence," tells customers and employees nothing. A more effective description would be "To provide management consulting services."

Target Consumers:-

An effective mission statement sets out, in broad terms, the target market. A manufacturer that makes nuts and bolts might set its target market as retail hardware stores

Q9) Explain the technique of ‘balanced scorecard’.

OR

Q9) Explain the term ‘corporate restructuring’. (10 marks)

Answer:-Balanced scorecard:- The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )