With the deep analysis of the above alternatives, it is advised that the company ought to choose the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would make it possible for the business to not just present new and ingenious items in the market it would also minimize the high expenditures on R&D under alternative 2 and increase the profit margins. It would allow the company to increase its share costs too, as financiers are willing to invest more in companies with significant R&D spending and boost in the total worth of the business.
Action and implementation Strategy
Technique can be executed successfully by establishing specific short term in addition to long term strategies. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy Headquarters Overhead Cost Allocation At Korea Auto Insurance Co Inc should carry out different activities to execute its NHW method effectively. These activities are as follows;.
• Get the audit of its brand name portfolio done, to analyze the core selling brand names, which produce the majority of its profits.
• Analyze the current target audience in addition to the market section which is not consist of in the business's circle.
• Analyze the present 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 desire long term advantages (capital gain), or the want early profits (dividend). It would let the company to know that how much quantity should be spent on R&D.
Mid Term Plan (1-5 years)
• Obtain those companies in which the business has possible experience to deal with. Get most favorable organizations with a strong dedication to health, to develop the customer's perceptions in the best direction.
• Focus more on acquisitions than R&D to develop the base in the customer's mind about Headquarters Overhead Cost Allocation At Korea Auto Insurance Co Inc values and vision and to prevent possible danger of sunk expense.
Long Term Plan (1-10 years)
• Obtain organizations with health along with taste element, as the base for the Headquarters Overhead Cost Allocation At Korea Auto Insurance Co Inc as a business producing healthy products has been constructed under midterm strategy and now the business might move towards taste factor as well to comprehend the consumers, which focus more on taste instead of health.
• Be more aggressive towards R&D than the acquisitions, as it is the significant time to construct brand-new items.
