I really appreciate all your suggestions and thoughts.
Initially I left the option of LabVIEW 8.xx Layout by viewing this http://digital.ni.com/public.nsf/allkb/BAF0ACFA708F1D19862574C8005248E7 , enable it only when you build an LabVIEW developed in earlier version of LabVIEW 8.xx. But I've developed in LV12.
When I tried referring different search results I found this http://zone.ni.com/reference/en-XX/help/371361J-01/lvconcepts/build_checklist/ , here they have added up for dynamically calling VI's use the LabVIEW 8.x file Layout.
By enabling the function it worked. I can able to copy the application (.exe) to different location and run it successfully.
But why are there two different solutions for an single option?
