You are a CEO of a smartphone manufacturing company.Your goal is to generate as much profit as
Question:
You are a CEO of a smartphone manufacturing company.Your goal is to generate as much profit as possible.The Average share of the market is $50M-$90M per Year. Starting Year 2 the budget will be $35M per year + 10% of the previous years profit.
Make a three-year strategic plan that will cover the remaining 3 years.
Required:
1) Stating a strategic vision for the company in a brief paragraph
2. Establishing financial objectives for total revenue, profits, cash flow, and stock price appreciation for each of the next three years
3. Declaring what strategy the company will employ
4. Presenting data showing that the chosen strategy is either currently on track or will require substantial internal changes
5. Preparing a projected income statement that lays out expected unit sales, revenues, costs, and profits for each of the three geographic regions for the each of the next three years
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso