Ali Akbar Khan proposes strategies to address Universal Media Services' declining sales and profits due to increasing competition, shrinking margins, and changing customer tastes. These include improving quality and speed, expanding offerings and markets, and developing modern services. Khan recommends search engine optimization, marketing, social media promotion, email/SMS campaigns, and interactive TV/magazine ads. The goal is to regain market share and grow sales 20% annually through innovation, calculated risks, and cost-effective performance.