With the deep analysis of the above options, it is advised that the company ought to select the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would enable the business to not only present new and innovative products in the market it would also lower 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 costs and boost in the overall worth of the company.
Action and implementation Strategy
Strategy can be executed successfully by developing particular short-term in addition to long term plans. These plans might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Belmont Industries Inc B Spanish Version ought to perform various activities to implement its NHW method effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to examine the core selling brand names, which create most of its earnings.
• Analyze the existing target audience in addition to the market section which is not consist of in the company's circle.
• Examine the existing financial data to determine the amount that should be spent on the R&D and acquisitions.
• Analyze the potential investors and their nature, i.e. do they desire long term benefits (capital gain), or the desire early profits (dividend). It would let the company to understand that just how much quantity should be invested in R&D.
Mid Term Plan (1-5 years)
• Get those companies in which the business has potential experience to handle. Acquire most beneficial organizations with a strong commitment to health, to develop the customer's understandings in the right instructions.
• Focus more on acquisitions than R&D to build the base in the customer's mind about Belmont Industries Inc B Spanish Version values and vision and to avoid prospective danger of sunk expense.
Long Term Plan (1-10 years)
• Get organizations with health along with taste element, as the base for the Belmont Industries Inc B Spanish Version as a business producing healthy products has been built under midterm strategy and now the company could move towards taste aspect also 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 construct brand-new products.
