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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

2. 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

3. 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:-

4. 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 )