With the deep analysis of the above alternatives, it is suggested that the company should choose the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would allow the business to not only introduce brand-new and innovative products in the market it would likewise minimize the high expenditures on R&D under alternative 2 and increase the revenue margins. It would allow the business to increase its share costs also, as financiers are willing to invest more in companies with considerable R&D costs and boost in the total worth of the business.
Action and implementation Strategy
Technique can be executed effectively by establishing certain short-term along with long term plans. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Pioneer Hi Bred International Inc Supply Management Addendum must carry out numerous activities to execute its NHW technique effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to examine the core selling brand names, which create the majority of its revenue.
• Evaluate the current target market as well as the marketplace segment which is not consist of in the business's circle.
• Evaluate the present financial data to measure the quantity that should be invested in the R&D and acquisitions.
• Evaluate the possible investors and their nature, i.e. do they desire long term benefits (capital gain), or the desire early earnings (dividend). It would let the business to understand that how much quantity needs to be spent on R&D.
Mid Term Plan (1-5 years)
• Acquire those companies in which the company has potential experience to handle. Get most beneficial organizations with a strong dedication to health, to build the consumer's perceptions in the ideal direction.
• Focus more on acquisitions than R&D to build the base in the customer's mind about Pioneer Hi Bred International Inc Supply Management Addendum worths and vision and to prevent possible danger of sunk expense.
Long Term Plan (1-10 years)
• Acquire companies with health along with taste factor, as the base for the Pioneer Hi Bred International Inc Supply Management Addendum as a business producing healthy items has been developed under midterm plan and now the business could move towards taste factor as well to grasp the consumers, which focus more on taste rather than health.
• Be more aggressive towards R&D than the acquisitions, as it is the substantial time to build new products.
