Strategic Growth and Financial Management Plan for Durango Manufacturing Company

A business strategy assignment outlining growth and financial planning for Durango Manufacturing.

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Durango Manufacturing CompanyP a g e|1Durango Manufacturing Company_Growth PlanStudent Name:Professor Name:Date:Durango Manufacturing Company is a medium-sized public manufacturing company that isin its initial stages and is planning its roadmap for growth over the next five years. Based onthe given information, please address the following:1.Business and Strategic Planning:What key factors should Durango Manufacturing Company consider in its business strategyto ensure growth in the next five years? How can they improve their operational efficiencythrough effective accounting and financial management? Discuss the importance ofInformation Systems in decision-making.2.Financial Management and Reporting:Explain the importance of financial statements in evaluating a company's performance and itssignificance for stakeholders such as investors, bankers, and employees. How shouldDurango Manufacturing Company utilize these statements in its growth strategy?3.Revenue Growth Strategy:What strategies can Durango Manufacturing Company adopt to increase its revenue in thefirst five years? Discuss how marketing strategies, pricing, and diversification can contributeto achieving this goal. How does capital budgeting play a role in making these decisions?4.Costing and Outsourcing Decisions:Discuss the various costing techniques and their relevance to Durango Manufacturing

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