With the deep analysis of the above options, it is recommended that the company should choose the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would enable the business to not only present brand-new and ingenious products in the market it would also decrease the high expenditures on R&D under alternative 2 and increase the profit margins. It would enable the company to increase its share rates also, as financiers are willing to invest more in companies with substantial R&D costs and increase in the overall worth of the company.
Action and implementation Strategy
Strategy can be implemented successfully by developing particular short-term as well as long term strategies. These plans might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Broadmoor Lives A New Orleans Neighborhoods Battle To Recover From Hurricane Katrina Sequel ought to carry out various activities to implement its NHW strategy effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to analyze the core selling brand names, which generate the majority of its profits.
• Examine the existing target audience as well as the market sector which is not consist of in the business's circle.
• Evaluate the present financial information to determine the quantity that ought to be invested in the R&D and acquisitions.
• Analyze the possible investors and their nature, i.e. do they want long term advantages (capital gain), or the desire early earnings (dividend). It would let the business to understand that how much amount should be invested in R&D.
Mid Term Plan (1-5 years)
• Get those organizations in which the business has possible experience to handle. Get most beneficial organizations with a strong dedication to health, to develop the client's perceptions in the right instructions.
• Focus more on acquisitions than R&D to build the base in the consumer's mind about Broadmoor Lives A New Orleans Neighborhoods Battle To Recover From Hurricane Katrina Sequel worths and vision and to avoid prospective risk of sunk cost.
Long Term Plan (1-10 years)
• Acquire companies with health along with taste factor, as the base for the Broadmoor Lives A New Orleans Neighborhoods Battle To Recover From Hurricane Katrina Sequel as a business producing healthy products has actually been developed under midterm plan and now the business might move towards taste aspect as well to comprehend the customers, which focus more on taste instead of health.
• Be more aggressive towards R&D than the acquisitions, as it is the significant time to develop new products.
