Ikea and Human Resource Practices in China
IKEA was founded in Sweden in 1962 by Ingvar Kamprad at the low age of 17. The letters in IKEA is an acronym of Ingvar Kamprad, Elmtaryd (the old spelling of the farm where he grew up) and Agunnaryd (the village’s name). Starting with selling pens, matches and other products, Ingvar eventually started selling and later manufacturing furniture. The concept has basically always been the same – large volumes at low purchase price. Products with high demand sold at low prices. Not only do IKEA handle large volumes of goods. With businesses in 26 nations worldwide IKEA is represented in four continents, employing as much as 123 000 people (Ikea.com, a). This makes human resource management a fundamental part of daily processes. Domestic human resource management is a task itself. The international undertaking of HR management is another.
To create a better everyday life for the many people (Ikea.com, b).
1.3 Business idea
We shall offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them (Ikea.com, b).
1.4 The human resource idea
To give down-to-earth, straight-forward people the possibility to grow, both as individuals and in their professional roles, so that together we are strongly committed to creating a better everyday life for ourselves and our customers (Ikea.com, b).
IKEA’s presence in
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