Assignment 1: Discussion—Predicting and Developing a Long-Term Growth Strategy
To develop a strategic plan, as a nonaccounting manager, you need to analyze and link management accounting data and performance information with business strategies. You also need to extend the scope of management accounting beyond the organization. For this perspective, you will need to focus on variables that are external to the firm, such as variables relating to markets, customers, and competitors. This external focus will help you develop a sustainable competitive advantage, which is the primary element of your long-term growth strategy.
In this assignment, you will analyze the factors that affect the long-term growth strategy of a company.
Respond to the following:
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