Preview

Lego Group

Satisfactory Essays
Open Document
Open Document
915 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Lego Group
USER INNOVATION CLASS

LEGO Case Study

Simone Grancini Giovanni Giuseppe Savini
HS 2010

User Innovation

1

AGENDA
 The Company, analysis  History  Today  Tomorrow  Collaborative Innovation  Theory, evolution  Tools  Lego User Innovation Strategy  Lego Board Games  Lego “Design By Me”  Costs and Benefits  Q&A
HS 2010

User Innovation

2

LOGIC BEHIND ANALYSIS
 History presentation structure:
Focus on main learning points under:

Product Development perspective

Growth perspective

HS 2010

User Innovation

3

HISTORY (1/3)

PDT DEVELOPMENT PERSPECTIVE

 Founded in in 1932 by Ole Kirk Kristiansen and it is based in Billund, Denmark • 1935: The LEGO Duck • 1936:Numskull Jack on the goat • 1946: Wooden bricks with decorations • 1947: Plastic ball for infants • 1948: A game of Tiddlywinks • 1949: The LEGO Automatic Binding Brick with four and eight studs. • 1951: The plastic tractor (Ferguson) • […] • 1958: the Lego brick • […]

In the initial phase the focus of the company was on traditional toys

A new product is introduced into the market every 4/5 years

First Lego brick

t
HS 2010

User Innovation

4

HISTORY (2/3)
• 1964: Lego model cars • 1966: Lego train • 1967: DUPLO® brick • […] • 1976: Harley Davidson motorcycle • 1983: figures with movable arms and legs • 1994: Lego pirates line • 2000: Lego studio • […]

PDT DEVELOPMENT PERSPECTIVE

Focus on transports means models Innovation on Lego brick

New focuses of company

t
HS 2010

User Innovation

5

LOGIC BEHIND ANALYSIS
 History presentation structure:
Focus on main learning points under:

Product Development perspective

Growth perspective

HS 2010

User Innovation

6

HISTORY (3/3)

GROWTH PERSPECTIVE

(Number of Employees) Avg = +41 employees/year Avg = +2098 employees/year

HS 2010

User Innovation

7

TODAY’S FACTS
 The growth signalized by the number of employees is also reflected in the financial facts

TOMORROW (1/3)
Focus on growth 1. Increase

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Lego Case Study

    • 432 Words
    • 2 Pages

    Have you ever tried to “LEGO”? “LEGO” is toy of men and women of all ages in the world. I want to talk about Lego that has been tremendously successful.…

    • 432 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mt460 Unit 6

    • 733 Words
    • 3 Pages

    Once implementation has been developed, it is now time to move on to executing. During this stage, logistics, warehouses and even shipping of the Lego’s will be finalized and executed to expand into untapped markets. Along with the execution, they must supervise every aspect to ensure that they are providing the products that the demographics who are want or looking…

    • 733 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Chabon’s podcast explains the evolution of Legos over time and how it is taking away creativity from children. He first starts the podcast by explaining what Legos were during his childhood time, which were solid square and rectangular blocks offered in many colors which encouraged children to use their creativity to make whatever came to their mind. He fast-forwards to when his three-year old daughter became interested in Legos so he decides to buy her a Lego set which was quite complex and came with war painted mini figures, horses, a canoe, a rocky cliff, and much more. When he started playing with Legos in the late 1960s, it was abstraction driven but when he bought that Indian Lego set for his daughter in the late 90s, abstraction was…

    • 320 Words
    • 2 Pages
    Good Essays
  • Good Essays

    • Child searching for a gift sooner or later is going to encounter the world famous LEGO brand • Many of today’s parents, each new LEGO experience bring back memories • “I remember my brother had a biscuit tin full of red and white LEGO bricks……..”…

    • 1957 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Lego

    • 659 Words
    • 3 Pages

    The short-term expenditure to get the sustainable product underway would be greeted with long-term benefits including greater innovation, quality improvement, energy savings, and revenue growth. Developing new manufacturing practices and product design synergizes the eco-efficiency efforts that can result in lower production costs and greater operational efficiencies, as well as reduced shipping and transportation costs. A sustainable product should have the five key elements: Social, Governance, Financial, Health and Safety, and Environment. In which the proposal for Lego Group does have those five key elements, the proposal gears towards all five in developing a plan that removes toxins from their plastics, a sustainable product that lowers the consumption of energy, a product that is safe for the…

    • 659 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    What are LEGO's values and corporate identity? How did these develop over time (prior to LEGO Media Int'l)?…

    • 707 Words
    • 4 Pages
    Powerful Essays
  • Best Essays

    The Lego Group Case Study

    • 3243 Words
    • 10 Pages

    Lego bricks still hold special meaning to many young adults who have played with the bricks in their teenage years. I, for one, count among those young adults as I was an avid collector of Lego products myself: whenever there were new Lego products released, I used to nag my parents to buy them for me and promised to be a ‘good boy’. Thus it came quite natural to me that I wanted to investigate the Lego group – the symbol of my childhood nostalgia - as a full case study report for my Strategy for Creative Technology Business class. Established in 1932, the Lego group was the world’s leading toy manufacturer that was embodiment of dream and imagination to children. Parents too, inspired by Lego’s brand image as ‘fostering mental development and creativity for kids’, patronized their products in spite of Lego’s relatively high prices. By the turn of the millennium, however, the changes in the toy industry coupled with expiry on their license, Lego faced huge challenged, reflected in their net loss of 308 million Euros in the early 2000s. Nevertheless, Lego’s exemplarily strategic management practices under its CEO, Knudstorp brought the company back to brilliance and as of 2014, Lego thrives once again as the world’s most competitive toy company. As such as is the case, this essay shall examine Lego groups ‘from riches to rags to riches’ story with a special focus on the strategic management process.…

    • 3243 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    Lego Report

    • 2938 Words
    • 12 Pages

    Lego sets have been around for the past 50 years and have been enjoyed by people from all around the world. Very recently, Lego released a website called “Lego Cuusoo” through which people can create and submit their own ideas for a Lego project. Following the submission of the project onto the website, a voting process occurs; if enough support is gathered, the project moves into the production stage and is then sold through Lego. The revenue is shared with the developer as well. Accordingly, the objective of the MSCI 100 project consisted of entering our own idea of a Lego Project onto the website.…

    • 2938 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Lego Inaccuracies

    • 716 Words
    • 3 Pages

    There are a lot of documentaries out there today that discuss some important achievements, events, people, or even disasters that have occurred in history throughout the world, but I would have never thought that there would be one that talked about one of my favorite childhood toys, LEGOs. The documentary started off giving a brief history of LEGOs and what exactly they were, but then showed how it was more than just a couple of bricks. I liked this because it showed that LEGOs have been apart of the world’s history and it even continues to help us advance our civilizations and our knowledge of the universe by influencing them to build and create new things. I think that this documentary is one of the best documentaries that I have seen. I…

    • 716 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Lego Case Study

    • 1831 Words
    • 8 Pages

    Beginning with strategic position the LEGO group faced different objectives which influenced the development of strategy. The level of technology and preferences concerning materials changed over the time and the company was able to found a niche market for LEGO movies and created new innovations like plastic bricks. Also - like in all markets - the internationalization has affected the strategy of the company. They entered new markets, opened markets in South America, the US and Asia and negotiated with retailers over there. Apart from opportunities, threats which were the oil crisis, financial crisis, competitors and the development of customers need, LEGO needed to react and change or chose different strategies. While the oil and financial crisis occurred, LEGO invested money in new equipment, entered new markets and launched new products. For that reason they were able to overcome these difficulties at that time. Moreover they changed their traditional strategy which included their wooden toys to an innovative strategy with plastic bricks and electronic features to adapt themselves to the ‘new’ age. Also the competitors were a reason for them to develop their strategy. To stay competitive LEGO for example hired the young innovative CEO JØrgen Vig Knudstorp and sold the LEGO theme park to Merlin Entertainments Group to be able to focus on their core product. Within their strategic management the company was always willing to take risk which is until now one of their strength. Moreover the popularity of their company and the popularity of movies like Star Wars helped them to create new products and to develop their strategy in a more modern way through conquering partly the movie industry.…

    • 1831 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Smart Union Toy Company

    • 1405 Words
    • 6 Pages

    • Rise in crude oil prices, since a significant portion costs were derived from plastic resins made from oil derivatives…

    • 1405 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    The Lego Group Case

    • 3404 Words
    • 14 Pages

    In 2009, the Lego Group ended the outsourcing contract with Flextronics as they claimed that it would be more optimal for them to manage their global manufacturing set up. They gain back the control over its production plants. Now, they need to adapt to the changing demand on their own and to maintain the relationships with different small external suppliers. As they focus on the internal production now, they need to re-think the structure and the production process. This paper will analyze issues facing LEGO, mainly with the global supply chain, and then examine…

    • 3404 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    paragraph

    • 298 Words
    • 2 Pages

    Childhood toys advance either social or gender constructs to propel the concept of gender identity. Lego is a perfect example of a gender-neutral toy. Lego consists of colorful interlocking plastic bricks and an accompanying array of gears, mini figures and various other parts. Lego began manufacturing interlocking toy bricks in 1949. Since then a global Lego subculture has developed, supporting movies, games, competitions, and six themed amusement parks. In 1978, Lego produced the first mini figures, which have since become a staple. Lego's popularity is demonstrated by its wide representation. It was usages in many forms of cultural works, including books, films and art work. Lego is a legendary toy brand for boys to play a creation that used bricks to create multiple art works. As of 2013, around 560 billion Lego parts had been produced. It connected in many ways, to construct such objects as buildings. Anything constructed can then be taken apart again, and the pieces used to make other objects. However, this stance has since softened. At this period of time that toy brands are everywhere to attract kids towards their product. Toys are like technologies clothes for kids. Both genders can play Lego most of the time but they created more things for little girls to play. It is trained all the kids to be smart by ready instructions or even how to think things binds together. It is known as one of the best toys for both genders of that era. In fact, Lego is a brand that was really creative that can apply for kids while they are growing, things are just get more improve and better over time. Lego had really brilliant idea about made a place call Lego Land for all ages. Lego allowed children of both genders to express themselves.…

    • 298 Words
    • 2 Pages
    Good Essays
  • Good Essays

    They started with wood products, first product: doll house. The introduction of Barbie was in 1959 at a Toy Fair in New York.In 1960 the popularity of Barbie declined. But through constant re-invention of Barbie and the rising popularity of lines including Hot Wheels, the company thrived.…

    • 570 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Toy World Inc.

    • 1756 Words
    • 8 Pages

    Toy World, Inc. was a manufacturer of plastics toys for children. Its product groups included toys cars, trucks, construction equipment, rockets, spaceships and satellites, musical instruments, animals, robots, and action figures. The products are a wide range of designs, colors, and sizes. This kind of business was a highly competitive business. Moreover, this industry was populated by a large number of companies, which were short on capital and management talent.…

    • 1756 Words
    • 8 Pages
    Powerful Essays