With the deep analysis of the above alternatives, it is recommended that the business must pick the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would make it possible for the business to not only present new and innovative products in the market it would likewise minimize the high expenses on R&D under alternative 2 and increase the earnings margins. It would make it possible for the company to increase its share rates also, as investors want to invest more in business with considerable R&D spending and boost in the total worth of the company.
Action and implementation Strategy
Method can be implemented efficiently by establishing certain short term along with long term plans. These plans could be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy Teacher Incentives ought to carry out different activities to implement its NHW strategy effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to examine the core selling brand names, which generate the majority of its revenue.
• Evaluate the present target market in addition to the marketplace sector which is not consist of in the business's circle.
• Analyze the current financial data to measure the quantity that needs to be invested in the R&D and acquisitions.
• Analyze the prospective investors and their nature, i.e. do they want long term benefits (capital gain), or the want early earnings (dividend). It would let the business to understand that how much quantity must be invested in R&D.
Mid Term Plan (1-5 years)
• Get those companies in which the company has prospective experience to deal with. Obtain most beneficial organizations with a strong dedication to health, to build the consumer's understandings in the best instructions.
• Focus more on acquisitions than R&D to construct the base in the customer's mind about Teacher Incentives worths and vision and to avoid possible risk of sunk expense.
Long Term Plan (1-10 years)
• Obtain companies with health along with taste element, as the base for the Teacher Incentives as a business producing healthy products has been built under midterm plan and now the business could move towards taste aspect as well to grasp the customers, which focus more on taste rather than health.
• Be more aggressive towards R&D than the acquisitions, as it is the considerable time to construct new items.
