With the deep analysis of the above alternatives, it is recommended that the business should select the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would make it possible for the company to not just present brand-new and ingenious items in the market it would also decrease the high expenditures on R&D under alternative 2 and increase the earnings margins. It would allow the company to increase its share prices too, as investors are willing to invest more in business with substantial R&D spending and boost in the total worth of the company.
Action and implementation Strategy
Technique can be executed successfully by developing specific short-term in addition to long term strategies. These plans might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan An English Teacher In South Korea should carry out numerous activities to implement its NHW method efficiently. These activities are as follows;.
• Get the audit of its brand portfolio done, to analyze the core selling brand names, which create the majority of its income.
• Analyze the existing target audience in addition to the marketplace sector which is not consist of in the company's circle.
• Evaluate the existing financial information to measure the quantity that ought to be spent on the R&D and acquisitions.
• Analyze 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 business to know that how much quantity must be invested in R&D.
Mid Term Plan (1-5 years)
• Acquire those companies in which the business has prospective experience to handle. Obtain most favorable companies with a strong dedication to health, to construct the customer's understandings in the right direction.
• Focus more on acquisitions than R&D to construct the base in the customer's mind about An English Teacher In South Korea values and vision and to avoid potential threat of sunk cost.
Long Term Plan (1-10 years)
• Get organizations with health along with taste factor, as the base for the An English Teacher In South Korea as a company producing healthy products has been built under midterm strategy and now the company could move towards taste factor as well to comprehend 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 items.
