IKEA is a Swedish home furnishings company founded in 1943 by Ingvar Kamprad. The company aims to create affordable, functional home furnishings and make everyday life easier through democratic design. IKEA reaches customers through catering to local tastes, quirky marketing campaigns, innovative print ads, and creating brand awareness. The company earns profits by bulk buying, controlling the supply chain, using solar panels, and lighter packaging materials to save on costs. Major competitors of IKEA include Walmart, Amazon, Costco, and Rooms to Go.
2. IKEA
IKEA is a Swedish Home
furnishings company.
Founded in 1943 by
Ingvar Kamprad.
The IKEA vision is to
create a better everyday
life for the many people.
4. How does IKEA reach its
customers?
1.) CATERS TO
LOCAL TASTE
4.) POSITIVE
INFLUENCES
6.) CREATING
BRAND
AWARENESS
3.)
PSYCHOLOGICAL
PROCESS
5.) INNOVATIVE
PRINT-ADS
2.) QUIRKY
MARKETING
CAMPAIGNS
14. SOME GREAT
INNOVATIONS BY IKEA
• A WHOLE NEW LEASE OF LIFE
• SMALL CHANGES, BIG SAVINGS
• SWEEDISHNESS IS UNIVERSAL
• THE THOUGHT THAT COUNTS
• BENDING THE RULES
• NEAT IDEAS
• A FEAST FOR THE SENSES
15.
16. LATEST TRENDS SET
BY THE COMPANY.
A HOME TOO AFFORDABLE
HARMONIOUS COHABILATION
INSPIRING PRODUCTS
SUSTAINABLE DEVELOPMENT
17. HOW DOES THE COMPANY
EARN PROFITS?
It buys in bulk
Uses solar panels
Controls the supply chain
Uses lighter packaging materials
Saves electricity