Report To: Carol George From: Fangyi Shao Subject: IKEA case study Date: 24. Apr. 2009 1. Introduction IKEA is the world’s largest furniture manufacturer who offers a wide range of well-designed‚ functional home furnishing products at a low price that many people can afford it. IKEA’s mission statement describes the purpose and distinctive advantages of the company clearly. (See appendices Ⅰ) It can also motivate management by saying ‘create a better everyday life for people’ because employees
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The IKEA case Management and organizations 2010-2011 IBMS 1st year Foreword This assignment had to be written for the class of Management and Organizations at Stenden University‚ course IBMS‚ first year. We had a group of 6 and had to work it out together. We were enjoying getting into the world of IKEA‚ the world’s most furniture store on the market. Executive summary IKEA is an abbreviation of Ingvar Kamprad Elmtaryd Agunnaryd. The initials come from the name of the
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MBAA 514: Marketing Case Study of the IKEA Company September 12‚ 2011 Embry-Riddle Aeronautical University- Worldwide Executive Summary IKEA (2011) has found a wide market in the discount furniture industry. The mission is simple- provide furniture to help everyone decorate as they like (IKEA‚ 2011). The company always strives to lower costs and pass savings to consumers (IKEA‚ 2011). It provides exceptional products which enabled the company to increase sales through the recession (Manners
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three major stages which is strategy analysis‚ strategy formulation and also strategy implementation. At the strategy analysis stage‚ a firm‚ in this assignment IKEA will identify and evaluate its external and internal environment. External environment can be further divided into general environment and also the competitive environment. The use of several tools such as PESTEL analysis‚ Porter’s five forces‚ Value chain analysis‚ SWOT analysis is essential to assist IKEA to identify the firm operating
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Pakistan 5 Introduction to IKEA 6 The IKEA Concept 6 History 6 IKEA Range 7 1. Design 7 2. Function 8 3. Low Price- 8 IKEA Product names 8 IKEA Catalogue 9 Major Global Competitors 9 Major Pakistani Competitors 9 Government Policies Targeted at the Industry 12 Policies to encourage location in a host country 12 Policies to Protect Local Firms 12 Policies to Discriminate Against Foreign Firms 13 International regulatory Frameworks 13 Predominant Corporate Strategies of the Industry 14 JOB
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firm and country specific advantages could be the following: IKEA sells the same furniture all over the world‚ so IKEA rips huge economies of scale from the size of its stores and the big production runs necessary to stock them. IKEA also offers a low competitive price because of the economies of scale (30% lower than competitors) Exclusive relationship between IKEA and its suppliers‚ offering modern and exclusive designs for IKEA. Designers also work closely with suppliers‚ keeping the costs
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Introduction IKEA is a Swedish company which was founded in 1943 with its headquarter in Denmark. IKEA succeeded on its low cost strategy which is able to offer a wide range of stylish home furniture with good design and functional at competitive pricing. It carries a range of nearly 10‚000 products and is well known across the world. IKEA is also recognized as a socially responsible and environmental friendly company. Currently‚ there are 287 IKEA stores in 26 countries. In year 2011‚ IKEA has gained
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INTRODUCTION 3 IKEA HISTORY AND ENVIRONMENT 3 IKEA TARGET MARKET 6 BRIEF PRODUCT OVERVIEW 8 COMPETITIVE REVIEW 9 Product Positioning 9 Competitions 9 DISTRIBUTION REVIEW 9 Objective and challenges 11 Challenges 12 SWOT 13 COMPANY MARKETING CARACTERISTICS 13 PRODUCT LINE‚ BRAND AND SERVICES 16 PRICE 18 Designing Pricing Strategies and Programs 19 PLACE 20 PROMOTION 22 INTEGRATED MARKETING PLAN MIX 24 Budget 24 Control 24 EXECUTIVE SUMMARY IKEA group is one of the top
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IKEA’s Global Sourcing Challenge: Indian Rugs and Child Labor The long term strategy recommended for IKEA If I were Marianne Barner‚ I would use the following strategies regarding IKEA’s continued operations in India. * Avoiding social and environmental issues since from the beginning as when these issues emerge. In my opinion‚ avoiding the issues at the beginning is the best strategy in the long run. If the problems occur‚ it may affect immediately to the sales and damage the company’s
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Introduction IKEA is a privately-held‚ international home products retailer that sells flat pack furniture‚ accessories‚ and bathroom and kitchen items in their retail stores around the world. The company‚ which pioneered flat-pack design furniture at affordable prices‚ is now the world’s largest furniture manufacturer. IKEA was founded in 1943 by Ingvar Kamprad in Sweden and it is owned by a Dutch-registered foundation controlled by the Kamprad family. IKEA is an acronym comprising the initials
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