With the deep analysis of the above alternatives, it is advised that the business should choose the alternative 3 in order to keep a competitive position in the long run. As the alternative 3 would make it possible for the business to not only introduce new and innovative products in the market it would also minimize the high expenses on R&D under alternative 2 and increase the revenue margins. It would enable the company to increase its share costs as well, as investors are willing to invest more in companies with significant R&D spending and boost in the total worth of the business.
Action and implementation Strategy
Technique can be implemented efficiently by establishing specific short-term in addition to long term strategies. These plans could be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy Using Data Desk For Statistical Analysis should perform numerous activities to execute its NHW technique efficiently. These activities are as follows;.
• Get the audit of its brand name portfolio done, to examine the core selling brands, which produce most of its earnings.
• Analyze the existing target market as well as the marketplace sector which is not consist of in the company's circle.
• Analyze the existing financial data to determine the quantity that needs to be spent on the R&D and acquisitions.
• Evaluate the potential investors and their nature, i.e. do they desire long term advantages (capital gain), or the desire early profits (dividend). It would let the business to understand that how much quantity should be spent on R&D.
Mid Term Plan (1-5 years)
• Obtain those companies in which the business has potential experience to deal with. Get most favorable organizations with a strong dedication to health, to develop the client's perceptions in the best direction.
• Focus more on acquisitions than R&D to construct the base in the consumer's mind about Using Data Desk For Statistical Analysis worths and vision and to prevent prospective danger of sunk expense.
Long Term Plan (1-10 years)
• Get organizations with health along with taste aspect, as the base for the Using Data Desk For Statistical Analysis as a business producing healthy items has been developed under midterm strategy and now the company could move towards taste aspect too to comprehend the customers, which focus more on taste instead of health.
• Be more aggressive towards R&D than the acquisitions, as it is the significant time to construct new products.
