Assignment 1: Discussion — Predicting and Developing a Long-Term Growth Strategy To develop a…
Assignment 1: Discussion—Predicting and Developing a Long-Term Growth Strategy
To develop a strategic plan, as a non accounting 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:
What can you learn from the financial statements of competitors that determine the relative cost position of your company?
What are some of the ways in which you can secure a sustainable cost advantage over the competition?
How does maintaining a strong understanding of relative costs help you maintain the competitive advantage?
How do you use cost structure to differentiate products? Do you think product differentiation is a successful growth strategy? Why or why not?
What is the usefulness of conducting a customer profitability analysis?
By Saturday, March 18, 2017 , post your response to the Discussion Area . Through Wednesday, March 22, 2017 , read and respond to at least two other classmates’ posts on at least two different days of the week.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
Read your peers’ answers.
Provide substantive comments to at least two peer’s posts on two different days by
contributing new, relevant information from course readings, Web sites, or other sources;
building on the remarks or questions of others; or
sharing practical examples of key concepts from your professional or personal experiences
Respond to feedback on your posting and provide feedback to other students on their ideas.
Make sure your writing
is clear, concise, and organized;
demonstrates ethical scholarship in accurate representation and attribution of sources; and
displays accurate spelling, grammar, and punctuation.
Max Points Initial response was:
Insightful, original, accurate, and timely.
Substantive and demonstrated advanced understanding of concepts.
Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions.
25 Discussion Response and Participation:
Responded to a minimum of two peers on at least two different days.
Offered points of view supported by research.
Asked challenging questions that promoted discussion.
Drew relationships between one or more points in the discussion.
Wrote in a clear, concise, formal, and organized manner.
Responses were error free.
Information from sources, where applicable, was paraphrased appropriately and accurately cited.
****** VERY IMPORTANT!!!! Please provide 2 questions with answers relating to the discussion/assignment. Please to make sure this is submitted with the assignment requested. *****