With the deep analysis of the above options, it is recommended that the company must pick the alternative 3 in order to preserve a competitive position in the long run. As the alternative 3 would make it possible for the company to not just present brand-new and ingenious products in the market it would also reduce the high expenditures on R&D under alternative 2 and increase the profit margins. It would make it possible for the company to increase its share rates as well, as financiers want to invest more in companies with significant R&D spending and increase in the total worth of the business.
Action and implementation Strategy
Strategy can be implemented efficiently by developing certain short term along with long term plans. These strategies might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Intel Corp Bring Your Own Device ought to perform different activities to implement its NHW technique effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to examine the core selling brands, which produce most of its earnings.
• Evaluate the existing target audience along with the market section which is not consist of in the business's circle.
• Examine the present financial data to measure the quantity that must be invested in the R&D and acquisitions.
• Evaluate the possible investors and their nature, i.e. do they desire long term advantages (capital gain), or the want early earnings (dividend). It would let the company to know 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 possible experience to handle. Get most favorable companies with a strong commitment to health, to build the client's perceptions in the right direction.
• Focus more on acquisitions than R&D to develop the base in the customer's mind about Intel Corp Bring Your Own Device values and vision and to avoid potential threat of sunk expense.
Long Term Plan (1-10 years)
• Get organizations with health as well as taste aspect, as the base for the Intel Corp Bring Your Own Device as a company producing healthy products has actually been constructed under midterm strategy and now the company might move towards taste aspect as well to understand the customers, 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 items.
