With the deep analysis of the above alternatives, it is recommended that the company must choose the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would enable the business to not only introduce new and innovative items in the market it would likewise decrease the high expenses on R&D under alternative 2 and increase the profit margins. It would make it possible for the company to increase its share prices too, as investors are willing to invest more in business with significant R&D spending and increase in the overall worth of the business.
Action and implementation Strategy
Technique can be executed efficiently by developing specific short term as well as long term plans. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Abcs Of Job Interviewing should carry out different activities to implement its NHW technique efficiently. These activities are as follows;.
• Get the audit of its brand portfolio done, to take a look at the core selling brands, which create the majority of its earnings.
• Examine the current target market in addition to the marketplace sector which is not include in the business's circle.
• Examine the present financial information to measure the quantity that needs to be invested in 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 business to know that just how much amount must be spent on R&D.
Mid Term Plan (1-5 years)
• Get those organizations in which the business has prospective experience to handle. Acquire most favorable companies with a strong commitment to health, to build the client's understandings in the right direction.
• Focus more on acquisitions than R&D to build the base in the customer's mind about Abcs Of Job Interviewing values and vision and to avoid prospective danger of sunk expense.
Long Term Plan (1-10 years)
• Obtain companies with health as well as taste aspect, as the base for the Abcs Of Job Interviewing as a company producing healthy products has actually been constructed under midterm plan and now the business could move towards taste aspect too to comprehend the consumers, which focus more on taste instead of health.
• Be more aggressive towards R&D than the acquisitions, as it is the substantial time to develop brand-new items.
