With the deep analysis of the above options, it is advised that the business should select the alternative 3 in order to preserve a competitive position in the long run. As the alternative 3 would enable the business to not only introduce new and ingenious items in the market it would also decrease the high expenses on R&D under alternative 2 and increase the profit margins. It would allow the business to increase its share prices also, as investors want to invest more in business with substantial R&D costs and boost in the total worth of the business.
Action and implementation Strategy
Method can be implemented successfully by developing certain short-term as well as long term strategies. These plans could be as follows;
Short Term Plan (0-1 year)
• Under the short-term plan Corporate Governance In Publicly Traded Small Firms A Study Of Canadian Venture Exchange Companies ought to carry out various activities to implement its NHW method effectively. These activities are as follows;.
• Get the audit of its brand name portfolio done, to examine the core selling brand names, which generate the majority of its income.
• Evaluate the current target market as well as the market section which is not include in the business's circle.
• Analyze the existing financial information to determine the amount 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 want early revenues (dividend). It would let the business to know that how much amount should be invested in R&D.
Mid Term Plan (1-5 years)
• Get those organizations in which the company has potential experience to handle. Acquire most beneficial organizations with a strong dedication to health, to build the consumer's understandings in the best instructions.
• Focus more on acquisitions than R&D to build the base in the consumer's mind about Corporate Governance In Publicly Traded Small Firms A Study Of Canadian Venture Exchange Companies values and vision and to avoid possible danger of sunk cost.
Long Term Plan (1-10 years)
• Get companies with health along with taste aspect, as the base for the Corporate Governance In Publicly Traded Small Firms A Study Of Canadian Venture Exchange Companies as a company producing healthy products has been constructed under midterm plan and now the company could move towards taste factor also to understand 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 build brand-new items.
