Johnson‚ Gerry; Scholes‚ Kevan & Whittington‚ Richard & IKEA: how the Swedish retailer became a global cult brand Johnson‚ Gerry; Scholes‚ Kevan & Whittington‚ Richard &‚ (2008) "IKEA: how the Swedish retailer became a global cult brand" from Johnson‚ Gerry; Scholes‚ Kevan & Whittington‚ Richard &‚ Exploring corporate strategy : text & cases pp.708-711‚ Harlow: Financial Times Prentice Hall © Staff and students of Edinburgh Napier University are reminded that copyright subsists in this extract
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1.0 Introduction This report we chose the organization is IKEA‚ we will discuss the company ’s work environment in IKEA and strategic management illustrated in the IKEA organization. Follow by discuss the success of the IKEA due to external or internal factors and the is the IKEA doing a lot to retain talented employees‚ as well as biggest challenge in keeping employees motivated. IKEA (IKEA) was created in 1943 in Sweden .IKEA ’s procurement mode is the mode of global procurement‚ set up 16
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Introduction Ikea has been offering a wide range of well-designed home furnishings and functional living solutions at a lower price so that many people can afford them. This business idea supported their vision of creating a better everyday life for the many people (Ikea‚ 2012). Ikea’s Value Value is what customers see and willing to pay for that exceeds the cost of the product. Ikea’s value chain offers their customer a value which results in a profit margin. Ikea’s customers are mainly attracted
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STRATEGIC ANALYSIS OF IKEA POLITICAL-Foreign investment restrictions-Companies as charity for tax avoidance-VAT increase to 20%-Globalization has eased import rules.-Government regulation climate change act 2008) | Ref13119 | ECONOMICAL-Economic crisis in North America.-Rising raw material and transport cost in 2009-Low spending power due to recession.-Recession in Russia-High import tax in japan | Ref2‚34677 | SOCIAL-Requirements on wood supplier-Brand image-Does not accept child labour-Women
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Journal of Business Research 58 (2005) 1251 – 1260 Information technology at IKEA: an ‘‘open sesame’’ solution or just another type of facility? Enrico Baraldia‚*‚ Alexandra Waluszewskib‚1 a Department of Business Studies‚ Uppsala University‚ Box 513‚ SE-751 20 Uppsala‚ Sweden Department of Business Studies‚ Uppsala University‚ Box 513‚ SE-751 20 Uppsala‚ Sweden b Received 15 March 2002; received in revised form 4 January 2003; accepted 15 May 2003 Abstract Information technology
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SOUTHEAST UNIVERSITY A summary of the case study: IKEA invades America Submitted to: Nazmus Sadekin Lecturer‚ Dept. of Economics‚ Southeast University Submitted by: Tasnuva Amreen Khan - 2011020106012 (Group Leader) Sayeed ahmed Khan - 2011020106023 (Group coordinator) Amit Roy - 2011020106027 Ferdousy Rahman - 2011020106021 Md. Anis Uzzaman - 2011020106016
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1) Looking at Ikeas challenges.. -low cost replacement for wood -global warming -deforestation - new sources of supply to support more store openings Option: Fabricating material Eco Friendly Substitute‚ still low cost… look a like 2) those countries match Ikeas target market -college students -budget -standard of living -income Challenge: -known for stylish‚ low-cost -other firms see Ikea as a threat and to compete and sustain they have developed new low cost furnishing
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Swedish retailer dominates markets in 32 countries‚ and now it’s poised to conquer North America. Its battle plan: Keep making its offerings less expensive‚ without making them cheap. Above all else‚ one factor accounts for IKEA’s success: good quality at a low price. IKEA sells household items that are cheap but not cheapo‚ at prices that typically run 30 to 50 percent below the competition’s. While the price of other companies’ products tends to rise over time‚ IKEA says it has reduced its
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IKEA is a well-known global brand with hundreds of stores across the world. In order to improve performance‚ it must assess its external and competitive environment. This will reveal the key opportunities it can take advantage of and the threats it must deal with. IKEA responds to both internal and external issues in a proactive and dynamic manner by using its strengths and reducing its weaknesses. Through this‚ IKEA is able to generate the strong growth it needs to retain a strong identity in the
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While the overvaluing of stock and the panic generated by the media was enough to lower stock prices‚ both market crashes were exacerbated due to a lack of government regulation. In both the 1929 and 1987‚ new trading techniques emerged that would have dire consequences for the market yet were left almost completely unregulated. While the specific trading techniques varied between the two crashes‚ both ended with the same result. For the crash in 1929‚ the trading technique in question took the form
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