Preview

Ikea in Egypt

Good Essays
Open Document
Open Document
644 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ikea in Egypt
IKEA in Egypt

I. Country Specific Research

1. General Business

Egypt, Arab Rep. is ranked 18 overall for Starting a Business (cia.gov),

2. Institutions
Egypt is facing a transformational economic reform due to its last political revolutions that took place last March. It is facing a large labor movement, From revolution to institutions(3),
Centre of Trade Union and Workers Services (CTUWS) formed as independent entities serving the labour movement: The organization provides legal support, financial resources, and training to labour organizers nationwide. They have no political affiliations, though their demands — the end of the Mubarak regime and a legitimate shift towards democracy — are inherently political. “The regime hasn’t changed,” was the consensus. One organizer elaborated: “The regime is much more than man. We still have a lot of work to do.”

3. Business Norms http://www.carnegieendowment.org/publications/index.cfm?fa=view&id=19660 a. Egypt has failed to create a healthy and competitive environment for business development
b. Economic reform lacks popular support in Egypt
c. The majority of the private sector and civil society is excluded from the debate over Egypt’s economic reform strategy

4. Industry Specfic Business
5. Value Chain: Distribution Channels, Marketing, HR, Operations, Raw Materials, Existing Facilities

6. Competitors (i.e. is Ikea 1st or 2nd mover?)

??

7. Partners (Alliances, Acquistion, JV?)
Alliance (Alfuttem) http://www.gulfbase.com/site/interface/arabic/NewsArchiveDetails.aspx?cntr=0&n=118510 http://www.ameinfo.com/260141.html 8. Consumers
9. Holfstedt: Differences in cultures

10. Culture/Religion/Norms/Languages in Detail
11. Muslim (mostly Sunni) 90%, Coptic 9%, other Christian 1% Language: Arabic (official), English and French widely understood by educated classes

Norms:
Reform stage?

12. Regional differences

13. Social classes, different incomes etc..
Hofstad :
1.



References: 19. https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html 20. http://www.doingbusiness.org/data/exploreeconomies/egypt 21. http://thereboot.org/blog/2011/03/18/institutional-overview-the-labour-movement

You May Also Find These Documents Helpful

  • Good Essays

    Two Papers For Midterm

    • 1537 Words
    • 2 Pages

    Egyptian story rises a problem for our people who live in the modern America: Is it possible for…

    • 1537 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Everything that happened in the Egyptian period caused many things to exist now. But the Egyptians also in that period had trouble and problems trying to keep a good government system. I truly believe this was a caused by themselves with the rich undermining the poor. Why? Well, mostly because the poor had no rights to even have a decent job or earn enough money. The rich cared for only there people in how they dressed and on what they lived in. I find this to be very unfair and not the right thing they should’ve…

    • 565 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    lower drinking to age 18

    • 296 Words
    • 2 Pages

    The source of Egypt’s dictatorship, and names of social networks groups that cause the up rise.…

    • 296 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Egypt is a land with a rich and varied history that spans from the 10th century BC. The country is seen by many Historians as being the “cradle of civilization”. This is because it housed one of the most advanced cultures for many centuries. The Egyptians were responsible for some of the earliest examples of writing with hieroglyphs. Egypt is also home to the Sphinx, which is one of the great feats of architectural engineering in history. Ancient Egyptians were also one of the first civilizations to turn away from the nomadic lifestyle and implement centralized government, organized religion, urbanization and agriculture. In fact, it was one of the first areas in which Christianity flourished before ninety percent of the country converted to Islam in the seventh century. The country has also assimilated many cultures to their own throughout the centuries from the Greeks, Romans, Persians, Ottoman, etc. Turmoil since the beginning of the 1900’s has had a devastating effect on the country. This is primarily the result of European colonization and the ordinances…

    • 535 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Modern Day Egypt

    • 956 Words
    • 4 Pages

    Cited: "AllRefer.com - Country Study for Egypt | Egyptian Information Resource." AllRefer Reference & Encyclopedia Resource. Web. 02 Oct. 2011. .…

    • 956 Words
    • 4 Pages
    Good Essays
  • Good Essays

    For IKEA the step into the Chinese market was a big step, maybe as big at the first…

    • 6997 Words
    • 27 Pages
    Good Essays
  • Satisfactory Essays

    Ikea China Swot

    • 332 Words
    • 2 Pages

    The poor patent protection system of China generates the potential threat to IKEA. Creations and products can be easily copied by competitors and be sold in a much lower price. Several local dominating firms also show great ambitions in recent years. Furthermore, the complicated market situation makes the firms harder to anticipate and satisfying customer requirements. Moreover, due to the large population and extensity area in China, the market is distinct in…

    • 332 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Ramses II

    • 2018 Words
    • 7 Pages

    Now I talk of a time long before any of us. The 18th Dynasty (a succession of rulers from the same family11) where Egypt had seen some of the most successful reigns of the pharaonic age.[14] But later in that age immediately Egypt and its neighbours grew to find themselves in the hands of a fiscal recession. While General…

    • 2018 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    The economic problem in every country does not change, but its level varies from one country to another. This problem is the problem of scarcity. To clarify more, it is the scarcity of resources versus people's unlimited needs and wants. Every country has this problem; people can never be satisfied with what they have, they always want more, and hence their demands for goods and services are endless. Personally I believe that in Egypt, one of the major factors that contributes to a higher or increased economic problem, compared to other countries, is that our allocation of resources is inefficient. If someone studies the Production Possibility Frontier of Egypt, he/she would directly notice that Egypt does not operate on the PPF, instead it operates below it. This indicates one thing, and that is that Egypt is either using its available resources inefficiently, or that it has resources that are simply not being fully employed. Therefore, the economy is operating with low productivity. The economic problem then results to economic problems, such as unemployment, inflation and trade deficit. The major problem, from these economic problems, that Egypt is facing these days is unemployment. If its scarce resources are not being fully utilized, this means that production is low and therefore the supply of goods and services is little. If there is little production, then there are a countable number of people who are going to be working, i.e. employed. There are very limited job opportunities these days, and this is simply a result of inefficient production; this gets us back to the PPF and the allocation of resources. Logically, if scarce resources were allocated more efficiently and put to use, there will be a need for more people (employees) in many various fields to help in production. Thus unemployment will gradually decrease. Another problem is that, in some Egyptian industries, the technology used is inadvanced. Technology, equipment and materials are not being…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Egypt Revolution

    • 621 Words
    • 3 Pages

    Grievances of Egyptian protesters were focused on legal and political issues[14] including police brutality,[2] state of emergency laws,[2] lack of free elections and freedom of speech,[3] uncontrollable corruption,[3] and economic issues including high unemployment,[4] food price inflation,[4] and low minimum wages.[2][4] The primary demands from protest organizers were the end of the Hosni Mubarak regime and the end of emergency law; freedom, justice, a responsive non-military government, and a say in the management of Egypt's resources.[15] Strikes by labour unions added to the pressure on government officials.[16]…

    • 621 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    In recent months, the additions to the Suez Canal have been leading to much discussion and speculation in the international community. Egypt is one state that is eager to see the completion of this project, as it is hoping to increase exports and its overall trading with other countries. As it currently stands there is only one trade route that Egypt uses. This route connects the Red Sea to the Mediterranean. The new and improved version of the Suez Canal would allow for another route and increase trade in Egypt. Many in Egypt and in the Middle East are hopeful that this will lead to greater prosperity and development in the region. They see the potential for increased exports, as well as easier access to imports, and the potential for new trading partners. On the other hand some are worried about political and military tensions in that part of the world. These high tensions between countries such as Iran and Israel could lead to instability in the region, and some critics are concerned that all of this will have negative impacts on the Egyptian economy. This report will discuss the proposed project in the New Suez Canal as well as the potential impacts on the Egyptian economy. Furthermore, it is my opinion that Egypt ought to continue with this project and strive for economic growth and development.…

    • 2408 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Ikea Brand

    • 768 Words
    • 4 Pages

    IKEA has created a global brand focused on low prices and contemporary designs. In 2009, Interbrand ranked IKEA 28th on its list of the top 100 global brands (# 35 in 2008 indicating 10% increase in brand value over just year). IKEA's success is attributed to its vast experience in the furniture retail market, its product differentiation and cost leadership. The brand Ikea has become iconic in consumers’ minds. CEO, Anders Dahlvig, states “the awareness of our brand is much bigger than the size of our company” (Kling, K & Goteman, I., 2003). IKEA is growing aggressively around the world and at each of the store openings there are wacky promotions. For example, at an Atlanta store opening (2005), the company offered a $4,000 gift certificate for the first person in line. (The man who won the contest camped outside the store in the boiling heat of summer for seven days.) The recent “IKEA facebook campaign” shows how they are leveraging the power of social media networks to attract target customers. To promote the opening of its new store in Malmo, Sweden, they created a facebook profile for their store manager and the team then uploaded IKEA showroom images into the store album. People were encouraged to tag items in the photos with their name to win it for free! As the word about the campaign spread (through participant's profiles, news feed links and other forms of word of mouth), the photos were tagged in seconds and brand awareness grew rapidly. Not only did the Malmo IKEA store became popular in just few weeks, the story was picked up throughout the world by various news channels and online blogs.…

    • 768 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Cairo, Egypt

    • 1563 Words
    • 7 Pages

    The word prejudice refers to prejudgment: i.e. making a decision before becoming aware of the relevant facts of a case. In recent times, the word has come to be most often used to refer to preconceived, usually unfavorable, judgments toward people or a person because of gender, social class, age, disability, religion, sexuality, race/ethnicity, language, nationality or other personal characteristics. In this case it refers to a positive or negative evaluation of another person based on their group membership.[1] Prejudice can also refer to unfounded beliefs[2] and may include "any unreasonable attitude that is unusually resistant to rational influence."[3] Gordon Allport defined prejudice as a "feeling, favorable or unfavorable, toward a person or thing, prior to, or not based on, actual experience."[4]…

    • 1563 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    The purpose of this paper is to investigate the causal relation between government revenue and spending for Egypt and Jordan. Given their fiscal circumstances, our investigation should help determine proper reforms for these countries to cope more effectively with their current economic challenges. A crucial challenge facing Egypt is unemployment. According to current official estimates, unemployment of about 8 percent is accompanied with an annual growth rate of 3 percent in labor force. To reduce unemployment to more manageable levels, it is estimated that Egypt needs to achieve a healthy and sustainable annual growth rate of at least 6 percent in real GDP. l In an attempt to reach this goal, Egypt has utilized a private-sector-led growth policy. Privatization and transition to a market economy are intended to improve productivity, efficiency, and competition in the domestic economy. However, the low levels of domestic saving and investment create an impediment for economic growth in Egypt. Improvements in the…

    • 5053 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    Egypt Final

    • 797 Words
    • 3 Pages

    The Egyptian Labor market is characterized by structural distortions which are caused due to the wide gap between the demand and supply of labor. The main sources for market data of Egypt are Population Census (PC), Labor Force Sample Survey (LFSS) and the Ministry of Planning Statistics.…

    • 797 Words
    • 3 Pages
    Satisfactory Essays