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1. 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. Maximummarks: 100 Marks
2. Attemptall questions
3. Illustrate with exampleswhereverapplicable
Q1) 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
shouldbring in its approach to attain operational effectiveness.(10marks)
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 curve). A cost leadership strategy aims to exploit
scale of production,well definedscope andother
Q2) Take an example of any service institution of your choice (example: hospital) and suggest
howoperational control will work in such an institution.(10 marks)

2. Answer:The Operational control is the Authority over normal business operations at the operational
level, as opposed to the strategic or tactical levels. Operational control includes control over how normal
business processes are executed, but does not include control over the strategic business targets or
high-level business priorities. Operational efficiency in any organization is critical to success. Healthcare
organizations face an increased challenge to properly utilize resources, improve care and lower costs. By
reducingbottlenecksand implementingsolutionsthat
Q3) Discuss the importance of strategic changes for the followingorganizational systems
(a) Information,
(b) Control,
(c) Appraisal,
(d) Motivation,
(e) Developmentand
(f) Planning (10 marks)
Answer:If changes are occurring in your organization – strategic changes, tactical changes, leadership
changes, technology changes – then those changes are going to have impacts andeffects on your people
and processes (among other areas). To help minimize those impacts and effects, from having
unintended negative outcomes, it is necessary to have “change management” methodologies in place
with skilled resources delivering and executing on those methodologies, principles and processes. This
helpstominimize possible negativeoutcomesand
Q4) Take an example of an Indian company. What steps should it undertake for resource allocationfor
implementing its strategies? What difficulties could be expected while doing so and how canthey be
dealt with?
Answer:A business strategy is the means by which it sets out to achieve its desired ends (objectives). It
can simply be described as a long-term business planning. Typically a business strategy will cover a
period of about 3-5 years (sometimes even longer). A business strategy is concerned with major
resource issues e.g. raising the finance to build a new factory or plant. Strategies are also concerned
with deciding on what products to allocate major resources to - for example when Coca-Cola launched
PoohRoo Juice inthis country.
Q5) In what way is the concept of life cycle and SWOT analysis helpful in making strategic choice at
the businesslevel?(10marks)
Answer: - concept of life cycle:-
BusinessLife Cycle

3. 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 differentapproachestobe successful.
Q6) Explain why business policy is a capstone, integrative course. How can an understanding of
businesspolicyhelpin 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 management, combined with business functional
knowledge from areas such as production/operations, marketing, and finance, is then applied in
managingthe simulatedcompany. A review of
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
environmentsinwhichthe organizationcompetes.
Strategic management provides overall direction to the enterprise and involves specifying the
organization's objectives, developing policies and plans designed to achieve these objectives, and then
allocatingresourcestoimplementthe plans.
Q8) Describe the essential characteristics of a mission statement. In what different ways can a mission
statementbe formulated?
Answer:-Essential characteristicsof a missionstatement:-
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
wouldbe "To provide managementconsultingservices."
Target Consumers:-
An effective missionstatementsetsout,inbroad

4. Q9) Explain the technique of ‘balancedscorecard’.
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 extensivelyin 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 performance against strategic goals. It was originated by
Drs. RobertKaplan(HarvardBusinessSchool
Q10) Explainthe followingterms:(10 marks)
1) Cost leadership
2) Differentiation
3) Focus
Answer:-
1) Cost leadership: - 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 curve). A cost leadership strategy aims
to exploit scale of production, well defined scope and other economies (e.g a good purchasing
approach),producinghighlystandardizedproducts,
Q11) Explainthe followingterms:(10 marks)
1) Cost leadership
2) Differentiation
3) Focus
Answer:1) Cost leadership:Sometimes, a company can improve its net profits by making a product
different rather than becoming a cost leader -- selling items for the lowest price on the market. Even if a
company attains cost leadership, it may not hold onto that lead for long. In general, smaller firms try to
compete withlargerfirmsondifferentiation
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :

5. “ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )