1. NLM
... add new services, to enter new markets; which requires considerable amount of investment. 3.2 Market Segmentation - NLM's business strategy Market segmentation strategy focuses on serving niche markets with specific needs. NLM found the niche in the premium freight industry. Daily limits of the premium freights (18,000 pounds) fit well with NLM's existing capabilities. Thus a profitable business was created with only one ... risk involved Greater flexibility Faster Decision making Time intensive Fear of competitors Lacking capital for rapid growth Funding by venture capitalist Ability t...
- Word Count: 1192
- Approx Pages: 5
- Grade Level: High School