IKEA is a Swedish retail chain that deals in furniture and home decor. It has over 41 countries with a vision of creating a better everyday life for many people. IKEA focuses on vale-driven recruitment and training employees to increase their skills, knowledge, and abilities. Some of IKEA's strategies include low cost leadership, innovative products, effective promotion, and expanding into new markets. Its core competencies are profitability, supply chain management, brand image, social responsibility, and sustainable business practices.
This presentation sums up the numerous, but not all, innovative Human Resource practices that are being followed by IKEA to attain & retain the best talent in the industry.
This presentation sums up the numerous, but not all, innovative Human Resource practices that are being followed by IKEA to attain & retain the best talent in the industry.
This report express you the service marketing strategies used by the IKEA, the furniture franchiser to be success. This covers the scope of the business, strategies used by them and final conclusion about their strategies. I suggest you to read about the entrepreneur's life story as it is an inspirational story to all others who have big dreams with their lives.
IKEA is a Swedish multinational group of companies that designs and sells ready-to-assemble furniture (such as beds, chairs and desks), appliances and home accessories. It has been the world's largest furniture retailer since at least 2008.
This report express you the service marketing strategies used by the IKEA, the furniture franchiser to be success. This covers the scope of the business, strategies used by them and final conclusion about their strategies. I suggest you to read about the entrepreneur's life story as it is an inspirational story to all others who have big dreams with their lives.
IKEA is a Swedish multinational group of companies that designs and sells ready-to-assemble furniture (such as beds, chairs and desks), appliances and home accessories. It has been the world's largest furniture retailer since at least 2008.
IKEA - Brand Management
An Overview of what is in the IKEA store as you turn the pages. . .
Intro
Origin & Genesis
History & Last Decade
Business !dea
Structure and Corporate Management
Brand Portfolio with STP and Consumer Activations
IKEA and inter-market segmentation
4Ps & core competency
AD agencies and Strategic Brand Campaigns
Market Environment (Sectoral and Industrial Analysis)
IKEA value chain
PEST analysis
Porter's 6 forces
S.W.O.T.
TOWS metrics
Competitor Analysis
Industry Analysis
Costing and Pricing analysis of brand portfolio
Consumer Behavior & Brand Ambassadors
Brand repositioning campaigns
Rationalized improvement plan
Future of IKEA
Alternate options for IKEA
IKEA Trivia
IKEA Advertisements all over and AugmentedReality/QR content
The project analyses the importance of branding for Ikea and can help us to find out about IKEA's SWOT analysis and the STP process for Ikea. It also gives information on Ikea's Vision and Mission and Ikea's Marketing Mix, Ikea's Pestle Analysis, Ikea's Five Forces Model, Ikea's History and Ikea's Products and Services.
How standardization benefits a business process and commercialisation?
What has allowed IKEA to be successful with a relatively standardised product and product line?
How does the experiential marketing approach help improve sales in Ikea?
Which features of ‘young people of all ages’ are universal and can be exploited by a global/regional strategy?
How does Corporate Social Responsibility (CSR) attract customers?
How does IKEA adapt its strategy for competing in international markets?
IKEA’s Social Initiative was created to manage the company’s social involvements on a global level. Why?
This presentation is about the franchise where we studied the case of IKEA.
the course is pricing and international distribution teaches for the students of the Master: International Business and Entrepreneurship at ESSEC Tunis which aims to understand and analyze the price and place strategies chosen by the different companies.
this course is taught by Mme Rym TRABELSI.
VERSACE is an Italian luxury fashion company and trade name founded by Gianne Versace 1978.
IKEA is a swedish founded, Dutch that designs and sells ready to assemble furniture, kitchen appliances & home accessories, among other useful goods & occasionally home services.
This slide was prepared by me, for my term paper presentation on IKEA's operations management.
Slide comprises of a brief company overview with its mission & vision, global outlet locations, product lines, key aspects of operation functions, swot and conclusion.
All information were collected from secondary sources.
2014-11 Building a Culture of Innovation Focused on the Customerimagine.GO
This session will offer insights into the role of innovation in changing a company’s culture – towards consumerism. Innovation is the inspiration, aspiration and execution tactic a company needs to rapidly make the shift to a consumer culture.
Global Strategy andOrganizationGlobal Strategy andOrgani.docxwhittemorelucilla
Global Strategy and
Organization
Global Strategy and
Organization
c h a p t e r
Learning Objectives
In this chapter, you will
learn about:
> IKEA’s Global Strategy
Furniture retailer IKEA is a Swedish company that has transformed itself into a
global organization over the past three decades. Ingvar Kamprad founded the firm
in Sweden in 1943 when he was 17 years old. IKEA originally sold pens, picture
frames, jewelry, and nylon stockings—any product that Kamprad could sell at a low
price. In 1950, IKEA began selling furniture and housewares. In the 1970s, the
company began expanding into Europe and North America. IKEA’s philosophy is to
offer quality, well-designed furnishings at low prices. The company designs “knock-
down” furniture that the customer purchases and then assembles at home. Designs
implement functional, utilitarian, and space-saving features, with a distinctive Scan-
dinavian style.
IKEA Group sales for the fiscal year 2006 totaled 17.3 billion euros, mak-
ing IKEA the largest furniture retailer in the world. Its stores, usually located in
major cities, are mammoth, warehouse-style outlets, with each stocking approxi-
mately 9,500 items, including everything for the home—from sofas to plants to
kitchen utensils.
IKEA is now owned by a Dutch-registered foundation controlled by the Kam-
prad family. Its corporate offices are in the Netherlands, Sweden, and Belgium.
11
312
1. The role of strategy in
international business
2. The integration-responsiveness
framework
3. Distinct strategies emerging
from the integration-
responsiveness framework
4. Organizational structure
5. Alternative organizational
arrangements for international
operations
6. Building the global firm
7. Putting organizational change in
motion
CAVUMC11_312-343hr 10/15/07 11:26 AM Page 312
Product development, purchasing, and warehousing are concentrated in Sweden.
Headquarters designs and develops IKEA’s global product line and branding, often
in close collaboration with external suppliers. Approximately 30 percent of the mer-
chandise is made in Asia, and two-thirds in Europe. A few items are sourced in
North America to address the specific needs of that market, but 90 percent of IKEA’s
product line is identical worldwide. Managers at IKEA stores feed market research
back to headquarters in Sweden on sales and customer preferences.
IKEA targets people all over the world, with a focus on families with limited
income and limited living space. This global segment is characterized by liberal-
minded, well-educated, white-collar people—including college students—who care
little about status and view foreign products positively. Targeting a global customer
segment allows IKEA to offer standardized products at uniform prices, a strategy
that minimizes the costs of international operations. IKEA seeks scale economies by
consolidating worldwide design, purchasing, and manufacturing. It distinguishes
itself from conventional furniture makers that s ...
The presentation analyses IKEA's Business Model as a cost leadership. How can IKEA win over other furniture competitors to become one of leading companies and distribute their products all over all world ? Let's take a quick look
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3. A Sweden based retail chain which
deals in furniture and house decor
items
FORTUNE’s “100 Best Companies
to Work For” list (three
consecutive years)
Has branches in
around 41 countries
Working Mother magazine’s
annual list of the “100 Best
Companies for Working
Mothers” (four consecutive
years)
Training magazine’s annual “Top
100” ranking of companies that
excel at human capital
development (four consecutive
years)
Ranked 20th in 'The World’s Most
Attractive Employers 2011' in the
Universum Awards, an employer
branding event
IKEA - An Introduction
8. Strategies used by IKEA:-
1. Low cost leadership strategy
2. Product strategy
3. Promotion strategy
4. Market development strategy
Core competencies:-
1.Profitability
2.Value chain
3.Brand image
4.Social responsibility
5.Sustainable business model
9.
10.
11.
12.
13.
14. Recommendations:-
1. The selection based of hiring people should be expanded.
2. Promotion of successful mangers from various countries in
order to have cultural similarities.
15. • IKEA’s innovative human resource management practices has helped build a strong
and nurturing culture that promotes diversity and creativity
• In an industry characterized by high turnover, their employee friendly policy has
made IKEA a preferred employer in the retail sector
• Working in line with strategy, its
HRM practices has helped in
sustaining IKEA’s growth
• In many countries, IKEA is the
“Employer of Choice” and globally
IKEA is listed as one of the top 50
most attractive employers in 2010
• IKEA has the distinction of being in
FORTUNE’s “100 Best Companies
to Work For” list for three
consecutive years
Editor's Notes
FORTUNE’s “100 Best Companies to Work For” list (three consecutive years)-Working Mother magazine’s annual list of the “100 Best Companies for Working Mothers” (four consecutive years) -Training magazine’s annual “Top 100” ranking of companies that excel at human capital development (four consecutive years)-Ranked 20th in 'The World’s Most Attractive Employers 2011' in the Universum Awards,an employer branding event