home parish (Agunnaryd‚ in Småland‚ South Sweden).[3] The groups of companies that form IKEA are all controlled by INGKA Holding B.V.‚ a Dutch corporation‚ which in turn is controlled by a tax-exempt‚ not-for-profit Dutch foundation.[4] The intellectual property of IKEA is controlled by a series of obscure corporations that can be traced to the Netherlands Antilles.[5] INGKA Holding B.V. owns the industrial group Swedwood‚ which sources the manufacturing of IKEA furniture‚ the sales companies
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accounting‚ 2006) - every structure stage is explained in the table below (IKEA Corporate Structure‚ 2010): IKEA is actually a privately held company owned by Stichting INGKA Foundation‚ a non-profit registered in Leiden in the Netherlands which is controlled by the Kamprad family. Stichting INGKA Foundation is the owner of INGKA Holding B.V. INGKA Holding B.V. is the parent company for all of the IKEA Group companies. The IKEA Group companies are comprised of IKEA Services B.V. and IKEA Services AB
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is owned by a not-for-profit foundation based on the Netherlands called ‘Stichting INGKA Foundation’ founded by Ingvar Kamprad in 1982. This foundation is also owner of ‘INGKA Holding B.V’ which is a parent company for the IKEA GROUP. This company runs most of the operations for IKEA Group such as management of the majority of its stores‚ the design and manufacture of its furniture‚ and the purchasing and supply functions. While ‘Stichting INGKA Foundation’ and ‘INGKA Holding B.V’ runs most of the
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company’s structure can be divided into two parts: operations and franchising. Most of IKEA’s operations are owned by the Stichting INGKA Foundation‚ which is established by the Kamprad family in the Netherlands as a tax-exempted‚ not-for-profit organization‚ while the INGKA Holding B.V. is the parent company of the IKEA Group. Of all IKEA stores‚ more than 230 are run by the INGKA Holding‚ while the rest are managed by franchisees outside of this company. Inter IKEA Systems B.V.‚ separate from the
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its name by supplying Scandinavian style at Asian prices and it has also managed its international expansion without stumbling. Besides‚ they are dedicated to “innovation in the field of architectural and interior design” as compared to the Gates Foundation who devotes most of its resources
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the world’s largest furniture retailer.[3] IKEA was founded in 1943. Currently‚ the company is owned by a Dutch-registered foundation that is believed to be controlled by the Kamprad family. IKEA is an acronym comprising the initials of the founder’s name (IngvarKamprad)‚ the farm where he grew up (Elmtaryd)‚ and his home parish (Agunnaryd‚ in Småland‚ South Sweden).[4] INGKA Holding B.V. is the parent company for all IKEA Group companies‚ including the industrial group Swedwood‚ which commissions
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Firstly The IKEA organizational structure isn’t very hierarchical‚ everyone is treated equal. An example of this is that managers and regular employees (these are actually referred to as Co-workers) wear the same blue & yellow outfits. Managers are expected to do the same things regular employees have to do‚ so managers and employees stock the shelves together. The organization really treats their employees very well. IKEA is a really big corporation they have stores all over the world‚ including
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IKEA Value-Chain Analysis Posted on July 28‚ 2012 by John Dudovskiy “Each step in the manufacture of a product or the delivery of a service can be thought of as a link in a chain that adds value to the product or service. This concept of a how business fulfils its mission and objectives is known as the value chain” (Needles et al‚ 2007‚ p.836) The concept of Value-Chain analysis is introduced by Michael Porter (1985)‚ who divides activities of the firm into two categories: primary activities and
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consumers and staff members and how their drive is to give a positive equal portrayal of themselves‚ the environment; ways to reduce wastage through encouraging their audience to take part in environmental activities. I will also touch upon the IKEA foundation and accomplishments within the charity sector and financial background including some positives and negative of tax-exempt organisations link with IKEA. IKEA was founded by Ingvar Kamprad a 17 year old entrepreneur who first began selling match
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Can you see any alternative entry strategy that IKEA could have applied when entering the Russian market? What would have been the advantages and the disadvantages of these alternative strategies ? For IKEA there was alternatives strategy for entry the Russian market‚ as any other foreign market‚ the options for the company where: • Exporting • Licensing • Joint ventures IKEA can use any of these alternatives but there were not in the same line has the company wanted to be in Russia‚ so they
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