With the deep analysis of the above options, it is advised that the company ought to choose the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would allow the business to not only present brand-new and innovative products in the market it would likewise decrease the high expenses on R&D under alternative 2 and increase the revenue margins. It would allow the company to increase its share prices too, as financiers are willing to invest more in business with considerable R&D spending and increase in the total worth of the company.
Action and implementation Strategy
Strategy can be carried out efficiently by developing certain short-term in addition to long term plans. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy Tata Motors Compensation Restructuring need to perform various activities to execute its NHW strategy effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to analyze the core selling brands, which generate most of its revenue.
• Evaluate the current target market as well as the market section which is not consist of in the business's circle.
• Analyze the present financial information to measure the quantity that should be spent on 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 revenues (dividend). It would let the company to understand that how much amount ought to be invested in R&D.
Mid Term Plan (1-5 years)
• Acquire those companies in which the company has potential experience to deal with. Get most beneficial organizations with a strong commitment to health, to develop the client's understandings in the ideal instructions.
• Focus more on acquisitions than R&D to build the base in the consumer's mind about Tata Motors Compensation Restructuring worths and vision and to prevent potential risk of sunk cost.
Long Term Plan (1-10 years)
• Acquire organizations with health in addition to taste factor, as the base for the Tata Motors Compensation Restructuring as a company producing healthy items has actually been developed under midterm strategy and now the business could move towards taste factor also to understand 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 develop new items.
