With the deep analysis of the above options, it is advised that the business needs to choose the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would allow the company to not just present brand-new and ingenious items in the market it would also minimize the high expenses on R&D under alternative 2 and increase the earnings margins. It would allow the business to increase its share prices as well, as investors are willing to invest more in business with considerable R&D spending and boost in the overall worth of the business.
Action and implementation Strategy
Strategy can be carried out effectively by establishing particular short-term in addition to long term plans. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short-term plan Social Work Case Study Examples need to perform numerous activities to execute its NHW strategy efficiently. These activities are as follows;.
• Get the audit of its brand portfolio done, to take a look at the core selling brand names, which create the majority of its income.
• Analyze the present target audience along with the market sector which is not include in the company's circle.
• Analyze the existing financial information to determine the amount that should be spent on the R&D and acquisitions.
• Evaluate the potential financiers and their nature, i.e. do they desire long term benefits (capital gain), or the want early revenues (dividend). It would let the business to understand that how much amount ought to be spent on R&D.
Mid Term Plan (1-5 years)
• Get those organizations in which the business has prospective experience to handle. Obtain most favorable companies with a strong dedication to health, to develop the client's perceptions in the best direction.
• Focus more on acquisitions than R&D to develop the base in the customer's mind about Social Work Case Study Examples worths and vision and to prevent possible risk of sunk cost.
Long Term Plan (1-10 years)
• Acquire organizations with health as well as taste factor, as the base for the Social Work Case Study Examples as a business producing healthy items has been developed under midterm plan and now the business could move towards taste element also to understand the customers, which focus more on taste rather than health.
• Be more aggressive towards R&D than the acquisitions, as it is the substantial time to construct brand-new products.
