With the deep analysis of the above options, it is suggested that the business must choose the alternative 3 in order to maintain a competitive position in the long run. As the alternative 3 would enable the business to not only present new and innovative items in the market it would also lower the high expenses on R&D under alternative 2 and increase the profit margins. It would allow the company to increase its share costs also, as financiers are willing to invest more in companies with considerable R&D spending and boost in the total worth of the business.
Action and implementation Strategy
Technique can be executed successfully by developing particular short term as well as long term strategies. These plans might be as follows;
Short Term Plan (0-1 year)
• Under the short term strategy Call Center Design For Lion Financial Services must perform numerous activities to implement its NHW strategy efficiently. 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 profits.
• Analyze the present target audience as well as the market sector which is not consist of in the company's circle.
• Examine the existing financial information to measure the amount that needs to be invested in the R&D and acquisitions.
• Analyze the potential investors and their nature, i.e. do they want long term advantages (capital gain), or the want early profits (dividend). It would let the business to understand that how much amount needs to be invested in R&D.
Mid Term Plan (1-5 years)
• Obtain those organizations in which the business has prospective experience to handle. Obtain most beneficial companies with a strong commitment to health, to develop the customer's perceptions in the ideal direction.
• Focus more on acquisitions than R&D to build the base in the consumer's mind about Call Center Design For Lion Financial Services worths and vision and to avoid potential risk of sunk expense.
Long Term Plan (1-10 years)
• Obtain organizations with health in addition to taste aspect, as the base for the Call Center Design For Lion Financial Services as a business producing healthy products has actually been built under midterm strategy and now the company could move towards taste aspect 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 considerable time to construct brand-new products.
