With the deep analysis of the above options, it is suggested that the company needs to pick the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would enable the company to not only present new and ingenious products in the market it would likewise lower the high expenses on R&D under alternative 2 and increase the revenue margins. It would make it possible for the company to increase its share rates also, as investors are willing to invest more in companies with significant R&D costs and increase in the overall worth of the business.
Action and implementation Strategy
Strategy can be executed successfully by establishing certain short-term along with long term strategies. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Luotang Power Variances Explained Spanish Version need to perform various activities to execute its NHW strategy effectively. These activities are as follows;.
• Get the audit of its brand name portfolio done, to analyze the core selling brands, which produce the majority of its income.
• Examine the current target audience as well as the market segment which is not consist of in the company's circle.
• Examine the existing financial data to determine the quantity that needs to be invested in the R&D and acquisitions.
• Examine 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 know that just how much amount needs to be spent on R&D.
Mid Term Plan (1-5 years)
• Get those companies in which the company has potential experience to handle. Acquire most favorable organizations with a strong commitment to health, to construct the client's perceptions in the right instructions.
• Focus more on acquisitions than R&D to construct the base in the consumer's mind about Luotang Power Variances Explained Spanish Version worths and vision and to prevent prospective danger of sunk expense.
Long Term Plan (1-10 years)
• Get companies with health along with taste aspect, as the base for the Luotang Power Variances Explained Spanish Version as a company producing healthy items has been constructed under midterm plan and now the company might move towards taste factor also 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 significant time to develop new products.
