With the deep analysis of the above options, it is recommended that the business should select the alternative 3 in order to preserve a competitive position in the long run. As the alternative 3 would make it possible for the business to not just present brand-new and ingenious items in the market it would also decrease the high expenditures on R&D under alternative 2 and increase the earnings margins. It would enable the business to increase its share prices also, as investors want to invest more in business with significant R&D costs and increase in the overall worth of the business.
Action and implementation Strategy
Strategy can be carried out efficiently by establishing particular short term in addition to long term plans. These plans might be as follows;
Short Term Plan (0-1 year)
• Under the short term plan Simple Regression Mathematics ought to carry out numerous activities to execute its NHW method efficiently. These activities are as follows;.
• Get the audit of its brand portfolio done, to analyze the core selling brand names, which generate the majority of its earnings.
• Analyze the current target audience as well as the market section which is not include in the business's circle.
• Evaluate the current financial data to measure the quantity that should be spent on the R&D and acquisitions.
• Analyze the potential financiers 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 know that how much amount must be spent on R&D.
Mid Term Plan (1-5 years)
• Acquire those companies in which the company has potential experience to handle. Obtain most favorable organizations with a strong dedication to health, to construct the customer's perceptions in the best instructions.
• Focus more on acquisitions than R&D to construct the base in the consumer's mind about Simple Regression Mathematics worths and vision and to prevent potential risk of sunk expense.
Long Term Plan (1-10 years)
• Obtain organizations with health along with taste element, as the base for the Simple Regression Mathematics as a company producing healthy items has been constructed under midterm strategy and now the business could move towards taste factor 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 construct brand-new items.
