IKEA is known for its strong organizational values, which are based on Swedish norms and in particular the opinions and values of the founder himself. It is not unusual to see IKEA employees following the norms and values even outside the working hours, but how important is OB really for IKEA?
IKEA’S BRIEF HISTORY
1940-1950
A Swedish 17-year-old man named Ingvar Kampard founded Ikea in 1943. It all began with the Ikea catalogue that was sent from house to house, which is still known today as Ikeas signature. In 1948 the range of IKEA products extended to furniture and by 1958 the first store is opened.
1960-1970
By the end of the seventies, Ikea manages to not only open stores all over Europe, but in Canada and Australia as well.
1980s
The large cash flow start coming in once Ikea enters the US in1985. By this time IKEA has 10,000 co-workers and 60 stores. Ingvar Kampard retires from Group Management and becomes an advisor to the parent company INGKA Holding B.V.
1990s
In 90s IKEA expands in Eastern Europe as well as China. In 1990 the first environmental policy and social responsibility policy is introduced in IKEA. In 1997 IKEA launches Children`s furniture and becomes a retailer with offers to the entire family. By 1999 IKEA group grows to 50,000 co-workers and has 158 stores in 29 countries.
2000s
In the year 2000 IKEA arrives to Moscow, Russia and same year Code of Conduct is introduced, called IKEA WAY. Following years IKEA is actively participates in world donating events and promotion of social responsibility.
IKEA AT A GLANCE
287
IKEA GROUP STORES WORLDWITE
In 2011 IKEA Group opened 7 new stores in 7 countries. As of 31.08.2011 it had 287 stores in 26 countries
13
20888
3
144
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Top 5 purchasing countries: 1. China 22% 2. Poland 18% 3. Italy 8% 4. Sweden 5% 5. Germany 4%
Top 5 Selling Countries: 1. Germany 15% 2. USA 11% 3. France 10% 4. Italy 7% 5. Sweden 6%
References: http://www.smp.se/nyheter/almhult/ingvar-kamprad-oppnade-nytt-center-for-ikea-kultur(2076302).gm http://www.ikea.com/ms/sv_SE/about_ikea/pdf/sustainability_05.pdf 2 "IKEA," www.bsdglobal.com, 2001.