MMPF 003 Solved Assignment 2023-24


MMPF 003 Solved Assignment 2023-24

Management Control Systems

MMPF 003 Solved Assignment 2023-24 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

Assignment Code: ASST/ MMPF 003/2023-24

Marks: 100

Attempt all the questions.

Q1. Explain the concept of strategy. Describe the various business unit strategies.

Strategy is a comprehensive plan of action designed to achieve a particular goal or set of goals. In the context of business, it involves making choices about where to compete, how to compete, and where to allocate resources to achieve long-term success. A well-defined strategy provides a roadmap for an organization, guiding decision-making and resource allocation to create a sustainable competitive advantage.

Business Unit Strategies:

Business unit strategies are specific plans and actions developed by individual business units within a larger organization. These strategies are aligned with the overall corporate strategy and aim to address the unique challenges and opportunities of a particular business segment. Here are several common business unit strategies:

Cost Leadership:

Focuses on becoming the low-cost producer in the industry.

Seeks to achieve economies of scale, operational efficiency, and cost control.

Targets a broad market with a price advantage.


Emphasizes creating unique and distinctive products or services.

Aims to build brand loyalty and customer preference.

Often involves innovation, marketing, and premium pricing.

Focus or Niche Strategy:

Concentrates on serving a specific market segment or niche.

Seeks to understand and meet the unique needs of a particular customer group.

Can involve cost focus or differentiation within the chosen niche.

Innovation Strategy:

Centers on continuous innovation in products, processes, or business models.

Focuses on staying ahead of the competition through technological advancements.

Requires a strong emphasis on research and development.

Cooperative or Collaborative Strategy:

Involves forming partnerships or alliances with other organizations.

Aims to leverage complementary strengths and resources.

Can include joint ventures, strategic alliances, or partnerships.

International Expansion:

Focuses on entering and expanding into international markets.

Requires considerations of cultural, economic, and regulatory differences.

May involve adapting products or services for global markets.

Turnaround or Retrenchment Strategy:

Implemented in situations of decline or crisis.

Involves cost-cutting, restructuring, and refocusing on core business activities.

Aimed at reversing negative performance and restoring profitability.

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E-commerce or Digital Strategy:

Emphasizes leveraging digital technologies for business operations and customer interactions.

Focuses on online sales, digital marketing, and enhancing the customer experience through technology.

Sustainability Strategy:

Addresses environmental and social responsibilities.

Involves adopting sustainable practices, reducing carbon footprint, and socially responsible business operations.

Each business unit strategy has its advantages and challenges, and the choice of strategy depends on various factors, including market conditions, organizational capabilities, and competitive dynamics. Additionally, strategies are not static and may evolve over time in response to changes in the business environment.

Q2. Explain the different types of Responsibility Centres.

Q3. What are the different types of intangibles? Describe the modes of transfer of intangibles.

Q4. What do you understand by Performance Measurement? Discuss the requirements for a performance measurement system.

Q5. Discuss the risk characteristics of a Banks and describe the role of Management Control system in containing risk in a Bank.

MMPF 003 Solved Assignment 2023-24 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

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