With the deep analysis of the above options, it is recommended that the business should pick the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would allow the business to not just introduce brand-new and innovative products in the market it would also minimize the high expenses on R&D under alternative 2 and increase the profit margins. It would allow the business to increase its share costs too, as investors are willing to invest more in companies with substantial R&D spending and boost in the overall worth of the business.
Action and implementation Strategy
Method can be executed successfully by developing certain short-term along with long term strategies. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy Palm Computing Inc 1995 Financing Challenges need to carry out numerous activities to execute its NHW technique efficiently. These activities are as follows;.
• Get the audit of its brand name portfolio done, to examine the core selling brand names, which generate the majority of its income.
• Examine the present target market along with the market segment which is not consist of in the business's circle.
• Examine the current financial information to determine the amount that needs to be invested in the R&D and acquisitions.
• Evaluate the possible investors and their nature, i.e. do they desire long term advantages (capital gain), or the desire early earnings (dividend). It would let the company to know that how much amount should be invested in R&D.
Mid Term Plan (1-5 years)
• Obtain those organizations in which the business has potential experience to deal with. Get most beneficial organizations with a strong commitment to health, to develop the client's understandings in the best instructions.
• Focus more on acquisitions than R&D to construct the base in the customer's mind about Palm Computing Inc 1995 Financing Challenges values and vision and to avoid prospective risk of sunk expense.
Long Term Plan (1-10 years)
• Get companies with health in addition to taste aspect, as the base for the Palm Computing Inc 1995 Financing Challenges as a company producing healthy products has been built under midterm plan and now the company might move towards taste aspect also to comprehend 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 build new products.
