Develop a business plan for a selected company of your choice that is focused on accounting and financial practices to expand operations and increase revenue for growth. In the business plan for next week’s assignment, you will integrate and evaluate industry financial best practices to increase financial performance, optimize market position, and maintain ethical practices for your selected company. To prepare for next week’s assignment and help guide your selection of a company, you will conduct research on defendable best practices in this week’s activity.For this activity, you will conduct research to identify defendable best practices for strategies to increase financial performance and optimal position in the market while maintaining ethical financial practices. A defendable best practice is supported with evidence and data that validate the use and expected outcomes of the best practice. The research you conduct this week will inform the business plan you will develop for next week’s assignment with relevant best practices to integrate into the business plan as appropriate for your selected company.
Instructions
Write a 1–2 page paper in which you:
Summarize research method(s) conducted to identify industry financial best practices to increase financial performance, optimize market position, and maintain ethical practices that are supported with examples of the method(s).
Evaluate the use and outcomes of two industry financial best practices to increase financial performance, optimize market position, and maintain ethical practices using evidence and data. Provide examples to support the evaluation.
Provide at least two reliable, relevant, peer-reviewed references, published within the last five years that support the paper’s claims.
