With the deep analysis of the above alternatives, it is advised that the company needs to choose the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would allow the company to not only present brand-new and ingenious products in the market it would also minimize the high expenditures on R&D under alternative 2 and increase the earnings margins. It would make it possible for the business to increase its share rates too, as investors are willing to invest more in companies with considerable R&D costs and increase in the total worth of the business.
Action and implementation Strategy
Technique can be implemented effectively by developing certain short term along with long term strategies. These strategies could be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy How Can We Make This Work Understanding And Responding To Working Parents Of Children With Autism need to carry out numerous activities to execute its NHW strategy efficiently. 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 profits.
• Evaluate the existing target audience as well as the market segment which is not include in the business's circle.
• Evaluate the existing financial data to measure the amount that must be spent on the R&D and acquisitions.
• Examine the possible investors and their nature, i.e. do they want long term advantages (capital gain), or the want early profits (dividend). It would let the company to understand that how much amount needs to be invested in R&D.
Mid Term Plan (1-5 years)
• Get those organizations in which the company has possible experience to handle. Get most favorable organizations with a strong commitment to health, to construct the consumer's understandings in the right direction.
• Focus more on acquisitions than R&D to construct the base in the consumer's mind about How Can We Make This Work Understanding And Responding To Working Parents Of Children With Autism worths and vision and to prevent potential threat of sunk cost.
Long Term Plan (1-10 years)
• Get companies with health along with taste aspect, as the base for the How Can We Make This Work Understanding And Responding To Working Parents Of Children With Autism as a company producing healthy products has been constructed under midterm plan and now the business might move towards taste element as well 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.
