Bank Of America Tower Redesigning Skyscrapers Recommendations Case Studies

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With the deep analysis of the above alternatives, it is recommended that the company must pick 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 introduce new and ingenious items in the market it would also decrease the high expenses on R&D under alternative 2 and increase the revenue margins. It would allow the company to increase its share rates also, as investors are willing to invest more in business with considerable R&D spending and increase in the overall worth of the business.

Action and implementation Strategy

Technique can be carried out successfully by developing certain short term along with long term plans. These strategies could be as follows;

Short Term Plan (0-1 year)

• Under the short-term plan Bank Of America Tower Redesigning Skyscrapers need to carry out numerous activities to execute its NHW technique efficiently. These activities are as follows;.
• Get the audit of its brand portfolio done, to take a look at the core selling brands, which produce the majority of its earnings.
• Examine the existing target market as well as the marketplace sector which is not consist of in the business's circle.
• Evaluate the current financial information to determine the quantity that should be spent on the R&D and acquisitions.
• Analyze the prospective financiers and their nature, i.e. do they want long term advantages (capital gain), or the desire early revenues (dividend). It would let the company to know that how much quantity should be spent on R&D.

Mid Term Plan (1-5 years)

• Get those organizations in which the company has prospective experience to deal with. Get most favorable companies with a strong dedication to health, to construct the client's understandings in the best direction.
• Focus more on acquisitions than R&D to build the base in the customer's mind about Bank Of America Tower Redesigning Skyscrapers values and vision and to prevent prospective risk of sunk expense.

Long Term Plan (1-10 years)

• Acquire organizations with health in addition to taste aspect, as the base for the Bank Of America Tower Redesigning Skyscrapers as a company producing healthy products has been developed under midterm strategy and now the company could move towards taste aspect as well to grasp the customers, which focus more on taste instead of health.
• Be more aggressive towards R&D than the acquisitions, as it is the considerable time to construct brand-new products.