3. Vision – Creating a better life for
the many people
Founded in 1943 by Ingvard
Kamprad
Is one of the largest companies in
the world with 411 stores in 49
countries and 36 billion Euros
worth of goods sold in one year
8. Analyzing consumer markets
IKEA did a phenomenal analysis on
the consumer markets by taking
the following things into account-
Personal Factors
Social Factors
Cultural Factors
Financial Factors
Economical situation
Emotional connect with the
customers
13. As seen in the TV commercials, IKEA builds a strong
emotional connect and tries to relate to the customers
financial circumstances while being humorous at the same
time.
15. What are some of the things IKEA
is doing well to reach its
customers? What else could it be
doing?
Located all over the world
Easy access to IKEA stores
Uniform but adaptable products
Affordable pricing
It could also do-
Expand to new markets
Initiate online sales
19. • Layout plan is too complicated for beginners to
navigate
• Risk of ambiguity in understanding the target
market segment – flaw in marketing plan.