DBB2201 BBA BUSINESS STRATEGY

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SESSION JULY-AUG 2024
PROGRAM BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER IV
COURSE CODE & NAME DBB2201 BUSINESS STRATEGY
   
   

 

 

Assignment Set – 1

 

  1. Explain the different  types  of  business  policies.  Differentiate  between business policy and strategy.             

Ans 1.

Different Types of Business Policies

Business policies are guidelines established by an organization to direct its decisions and actions. These policies serve as a framework to ensure consistency, accountability, and alignment with organizational goals. The key types of business policies include:

General Policies: These are overarching principles that guide the overall functioning of an organization. They reflect the mission, vision, and values of the business and provide a basis for decision-making. Examples

 

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  1. Describe the tools and techniques that can be used to facilitate the strategic choice process.

Ans 2.

Tools and Techniques to Facilitate the Strategic Choice Process

The strategic choice process involves selecting the best course of action from several alternatives to achieve an organization’s goals. This process requires careful analysis and evaluation of options, taking into account internal capabilities and external factors. To facilitate effective decision-making,

 

 

  1. Write a short note on:
  2. Stability Strategy
  3. Retrenchment Strategy

Ans 3.

Stability Strategy

A stability strategy is a business approach where an organization focuses on maintaining its current operations and performance levels rather than pursuing aggressive growth or drastic changes. This strategy is typically adopted when a company operates in a stable and predictable environment, where significant market growth is unlikely, and the organization is satisfied with its

 

 

 

Assignment Set – 2

 

 

  1. There are different  techniques  for  evaluation  and  control  in  strategic management.   Discuss   the   above   statement   and   explain   the   various techniques.

Ans 4.

Evaluation and control are critical components of strategic management, ensuring that an organization’s strategic objectives are met effectively and efficiently. These processes involve assessing the performance of implemented strategies, comparing outcomes with desired goals, and taking corrective actions when necessary. By using various evaluation and control techniques, organizations can monitor progress, identify deviations, and align operations with

 

  1. Define business process automation. Explain the factors to be considered for selecting automation software.

Ans 5.

Business Process Automation (BPA)

Business Process Automation (BPA) is the use of technology to execute recurring tasks or processes in an organization with minimal human intervention. BPA aims to streamline workflows, improve efficiency, reduce errors, and lower operational costs. It involves automating routine activities such as data entry, invoice processing, customer support, and supply chain management, allowing employees to focus on higher-value tasks. For example, automating payroll

 

  1. Explain the transactional  and  transformational  leadership  styles  with examples.

Ans 6.

Transactional Leadership

Transactional leadership focuses on structured processes, defined roles, and clear expectations to achieve specific objectives. This leadership style is based on a system of rewards and punishments to motivate employees. Leaders establish performance goals, monitor progress, and reward employees for meeting or exceeding expectations. Conversely, they impose penalties or corrective measures for underperformance. This style is effective in stable environments