With the deep analysis of the above alternatives, it is recommended that the business must select the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would enable the business to not just introduce brand-new and ingenious items in the market it would also decrease the high expenditures on R&D under alternative 2 and increase the earnings margins. It would make it possible for the business to increase its share prices also, as investors are willing to invest more in business with significant R&D costs and boost in the overall worth of the company.
Action and implementation Strategy
Method can be carried out efficiently by developing specific short term along with long term strategies. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short-term plan Pilot Testing A Pediatric Complex Care Coordination Service ought to perform numerous activities to implement its NHW method effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to take a look at the core selling brands, which generate the majority of its earnings.
• Analyze the present target audience as well as the marketplace sector which is not include in the company's circle.
• Examine the current financial data to determine the quantity that should be spent on the R&D and acquisitions.
• Evaluate the possible financiers and their nature, i.e. do they desire long term benefits (capital gain), or the want early profits (dividend). It would let the company to know that how much quantity must be spent on R&D.
Mid Term Plan (1-5 years)
• Obtain those companies in which the business has possible experience to deal with. Get most favorable companies with a strong dedication to health, to construct the client's perceptions in the ideal instructions.
• Focus more on acquisitions than R&D to build the base in the consumer's mind about Pilot Testing A Pediatric Complex Care Coordination Service values and vision and to prevent potential threat of sunk cost.
Long Term Plan (1-10 years)
• Obtain companies with health as well as taste factor, as the base for the Pilot Testing A Pediatric Complex Care Coordination Service as a business producing healthy products has been developed under midterm plan and now the company could move towards taste aspect also to understand the consumers, which focus more on taste instead of health.
• Be more aggressive towards R&D than the acquisitions, as it is the considerable time to develop new products.
