With the deep analysis of the above options, it is advised that the company needs to select the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would allow the company to not just present new and innovative products in the market it would likewise lower the high expenses on R&D under alternative 2 and increase the revenue margins. It would enable the business to increase its share costs also, as financiers want to invest more in business with substantial R&D costs and increase in the total worth of the business.
Action and implementation Strategy
Method can be implemented efficiently by establishing specific short-term along with long term strategies. These plans could be as follows;
Short Term Plan (0-1 year)
• Under the short-term plan A Brief Introduction To Museums ought to perform different activities to implement its NHW strategy effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to take a look at the core selling brands, which create the majority of its revenue.
• Analyze the existing target market along with the market section which is not include in the company's circle.
• Evaluate the current financial information to measure the amount that must be invested in the R&D and acquisitions.
• Evaluate the prospective investors and their nature, i.e. do they desire long term benefits (capital gain), or the want early profits (dividend). It would let the business to know that how much amount should be invested in R&D.
Mid Term Plan (1-5 years)
• Acquire those organizations in which the business has possible experience to handle. Get most beneficial organizations with a strong commitment to health, to build the client's understandings in the ideal instructions.
• Focus more on acquisitions than R&D to construct the base in the customer's mind about A Brief Introduction To Museums worths and vision and to prevent potential danger of sunk cost.
Long Term Plan (1-10 years)
• Acquire companies with health along with taste aspect, as the base for the A Brief Introduction To Museums as a business producing healthy items has been developed under midterm plan and now the business could move towards taste element 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 develop new products.
