University Case Study: Analyzing Nature's Own Medicine (NOM) Expansion
VerifiedAdded on  2022/08/20
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Case Study
AI Summary
This case study analyzes Nature's Own Medicine (NOM), an award-winning retailer, and its potential expansion into the Canadian market. The analysis addresses key questions regarding market opportunity, competitive landscape, and the development of a compelling customer offering based on NOM's core values of assortment, knowledge, and value. It examines the natural supplement market's growth, the company's focus on health-conscious and active consumers, and the importance of a strong product line. Furthermore, the case study delves into the retail marketing mix, including product, price, promotion, people, place, and process, to formulate effective marketing strategies. The document highlights NOM's approach to service, customer engagement, and the significance of hiring the right personnel to represent the company's values and products, particularly the direct-to-store delivery supply chain model. The study concludes by summarizing the company's efforts to amaze customers through engagement offered in stores.
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