With the deep analysis of the above alternatives, it is suggested that the company needs to choose the alternative 3 in order to preserve a competitive position in the long run. As the alternative 3 would make it possible for the company to not just present new and innovative items in the market it would likewise minimize the high expenditures on R&D under alternative 2 and increase the revenue margins. It would enable the business to increase its share costs also, as financiers want to invest more in companies with substantial R&D costs and boost in the total worth of the company.
Action and implementation Strategy
Method can be implemented successfully by establishing specific short term in addition to long term plans. These strategies could be as follows;
Short Term Plan (0-1 year)
• Under the short-term plan China Metal Recycling Holdings Limited Scrap King Gets Scrapped should carry out various activities to execute its NHW method effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to analyze the core selling brand names, which generate the majority of its earnings.
• Evaluate the current target market in addition to the marketplace sector which is not consist of in the company's circle.
• Analyze the current financial information to measure the amount that needs to be spent on the R&D and acquisitions.
• Evaluate the potential financiers and their nature, i.e. do they want long term benefits (capital gain), or the want early profits (dividend). It would let the business to understand that how much quantity should be spent on R&D.
Mid Term Plan (1-5 years)
• Get those companies in which the company has possible experience to deal with. Acquire most favorable organizations with a strong commitment to health, to develop the client's understandings in the best direction.
• Focus more on acquisitions than R&D to build the base in the consumer's mind about China Metal Recycling Holdings Limited Scrap King Gets Scrapped worths and vision and to avoid possible danger of sunk expense.
Long Term Plan (1-10 years)
• Obtain organizations with health along with taste aspect, as the base for the China Metal Recycling Holdings Limited Scrap King Gets Scrapped as a business producing healthy items has been built under midterm plan and now the company could move towards taste element too 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 significant time to develop new items.
