With the deep analysis of the above alternatives, it is recommended 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 company to not only introduce brand-new and innovative items in the market it would likewise minimize the high expenses on R&D under alternative 2 and increase the profit margins. It would enable the business to increase its share costs too, as investors are willing to invest more in business with substantial R&D costs and boost in the overall worth of the company.
Action and implementation Strategy
Technique can be implemented effectively by developing particular short-term as well as long term plans. These plans might be as follows;
Short Term Plan (0-1 year)
• Under the short-term strategy Using Simulated Experience To Make Sense Of Big Data need to carry out different activities to execute its NHW method effectively. These activities are as follows;.
• Get the audit of its brand portfolio done, to analyze the core selling brands, which generate the majority of its income.
• Evaluate the present target market as well as the market section which is not consist of in the business's circle.
• Analyze the existing financial data to measure the amount that needs to be invested in the R&D and acquisitions.
• Evaluate the prospective investors and their nature, i.e. do they want long term advantages (capital gain), or the desire early earnings (dividend). It would let the company to understand that how much quantity needs to be spent on R&D.
Mid Term Plan (1-5 years)
• Get those organizations in which the company has possible experience to deal with. Obtain most beneficial companies with a strong dedication to health, to build the customer's understandings in the best direction.
• Focus more on acquisitions than R&D to develop the base in the consumer's mind about Using Simulated Experience To Make Sense Of Big Data values and vision and to avoid prospective danger of sunk expense.
Long Term Plan (1-10 years)
• Obtain companies with health along with taste aspect, as the base for the Using Simulated Experience To Make Sense Of Big Data as a business producing healthy items has been developed under midterm strategy and now the business could move towards taste aspect also to understand 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 develop new items.
