Business Model (IKEA International Group) 1. Business Model Canvas Key Partners 1. Suppliers 2. Manufacturers 3. Brand Vendors 4. Service Providers Key Activities 1. Design and Develop Furniture and Home Decoration items 2. Product Planning 3. Inventory Control 4. Marketing and Sales 5. Restaurant 6. Customer Services Value Proposition 1. Offer innovative and comprehensive products with affordable price to customers 2. Advocate self-service for mix and match by customers through uninstalled packaging
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Core Business Proposition: To become an enabler for online content sharing and delivery through a marketplace model with features which can be leveraged by schools‚ coaching institutes and tutors for creating‚ presenting and grading courses for learners‚ online. Summary of Business Idea: Over last decade‚ education sector has grown very aggressively. Students need easy access to learning instruments like schools‚ professional institutes‚ coaching classes and individual tutors. Technology can play
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The Proposition 227 requires that all public school instruction be conducted in English. However‚ in “The Political Paradox of Bilingual Education”‚ Crawford argues against Proposition 227 and provides an overview of the political and educational discourse on immigrant children’s language rights. He starts with questions such as “Was the proposition intended primarily to assimilate limited-English-proficient (LEP) children more efficiently? To teach them English as rapidly as possible? To encourage
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IKEA is a furniture company that bases its business on the general idea of saving whenever and wherever possible. It differentiates itself from every other type of furniture company by the combination of its designs and prices and by the experience it offers to every customer that visits its stores. They do not only offer the services of a general furniture shop‚ but they also give to their customers a wide range of services that can complement their experience in an IKEA store: restaurants; kids’
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Introduction IKEA‚ the Swedish home furnishing retailer specialising in affordable flat pack furniture is known as the world’s largest retailer of well-designed‚ inexpensive and functional furniture and products for the home. IKEA opened its first furniture showroom in Sweden in 1953‚ and now has over 345 stores in 26 countries worldwide. As the importance of online presence grows‚ IKEA has also launched over 13 successful e-commerce websites in many parts of Europe‚ UK and the US. It is undeniable
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Relational Sales - Focusing on Your Customers’ Needs Facilitating the Customer’s Decision to Buy In an increasingly competitive business climate‚ customers are faced with a multitude of alternative products and vendors. A traditional approach based on "closing the sale" may be inefficient and even counter-productive. In today’s markets‚ customers need customized solutions to their needs. Rather than being sold to‚ customers want to buy. In relational sales the emphasis is on building and maintaining
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Swedish Furniture Giant IKEA Case Study The points of the Porter’s Diamond are described as four broad attributes. And these attributes promote or impede the creation of competitive advantage. These attributes are: •Factor conditions --a nation’s position in factors of production such as skilled labor or the infrastructure necessary to compete in a given industry. •Demand conditions --the nature of home demand for the industry’s product or service. •Relating and supporting industries
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The Value Proposition Canvas Designed for: On: Designed by: Day Iteration: Month Year No. Do they… Which savings would make your customer happy? Create savings that make your customer happy? Do something customers are looking for? (e.g. in terms of time‚ money and effort‚ …) (e.g. good design‚ guarantees‚ specific or more features‚ …) (e.g. in terms of time‚ money and effort‚ …) Produce outcomes your customer expects or that go beyond their expectations? Fulfill something customers
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of your product/service offerings. Q2 *How do we need to do first*? First‚ you need to form yourselves into group of 5. Select someone in your team to be the team leader. Inform your tutor who is in your team. Q3 What exactly are we selling? You will represent one of the many hotels in Singapore. As you may be aware‚ many of the large hotels have function rooms and exhibition halls which they market to potential exhibitors or companies holding seminars or workshops. Your team is the
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1. It is important for a sales person to anticipate buyers concerns and objectives because it shows that you have concerns as well and as a sales person you must generate the correct information to help buyers understand there interest. 2. There are multiple numbers of objectives‚ but only a few are more difficult to handle and they fall in this categories needs objection‚ product or service objectives‚ company or source objections‚ price objections and time objectives. 3. The direct denial
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