Preview

Ikea Success in Chinese Furniture

Satisfactory Essays
Open Document
Open Document
12000 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ikea Success in Chinese Furniture
IKEA SUCCESS IN CHINESE FURNITURE

Bachelor’s thesis

Content of Table
Content of Table...............................................................................................................................2
1. INTRODUCTION .........................................................................................................................4
1.1 Background of Study..................................................................................................................4
1.1.1Chinese Economic Overview...................................................................................................4
1.1.2 Furniture Market .....................................................................................................................6
1.1.3 IKEA Brief Introduction ...........................................................................................................7
1.2 Motive and Purpose ..................................................................................................................7
1.3 Research Method.......................................................................................................................8
2. CHINESE FURNITURE MARKET...............................................................................................9
2.1 Overview....................................................................................................................................9
2.2 Characteristics of Chinese Furniture Market ...........................................................................11
2.3 Marketing Analysis ..................................................................................................................12
2.4 Advantages of Investment .......................................................................................................16
2.5 Market Development Tendency

You May Also Find These Documents Helpful

  • Satisfactory Essays

     « Provide fashion forward and always fresh modern home furnishings to meet globally positioned group of consumers »  « The style is hip and contemporary. The colors are bold. The lines are sleek. And the look is clean and functional. »  « Twenty free-standing showrooms in USA and Canada »…

    • 423 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    ASSIGNMENT INSTRUCTIONS

    • 1367 Words
    • 6 Pages

    This assignment requires you to demonstrate your knowledge and understanding of the planning issues surrounding the entry of IKEA into CHINA. You are required to examine and evaluate the environment (competitive and politico economic), and to evaluate the marketing strategies and business model of IKEA, and their suitability to the…

    • 1367 Words
    • 6 Pages
    Good Essays
  • Better Essays

    After some good discussions and ideas regarding the expansion plans of the furniture company, the realization comes about that the main factor to consider is the competition that will be encountered in the expansion country of choice. As a result, there needs to be further research done regarding the top competition for the furniture company in China. After researching furniture companies in China, the two companies that have been chosen are IKEA and Markor International Furniture Company.…

    • 1005 Words
    • 3 Pages
    Better Essays
  • Better Essays

    Ikea was the largest furniture retailer in the United Kingdom. They successfully promoted their product in the worldwide. Their product was come with a common impression: unique design and affordable price. What they have done is to make the style more accessible (Harrison, 2005) •Compared to the traditional furniture product, they totally changed the old perception: furniture is expensive and if want with better design furniture that is more expensive. The design of Ikea product was break out perception of peoples, where easy assembly and can carry by themselves back home. Furthermore, Ikea Company was provided a new shopping style which is one-stop shopping experience: people can buy and take their furniture home in the same day. All of their product 1production and design by themselves: even for the raw material they have their own manufacturer factory. Other than that, all of the Ikea product are environmentally friendly: they using recycle and reuse raw material to make their own product that without using chemicals to make furniture. Those strategies and plan were contributed by its originator, Ingvar Kamprad. The furniture company- Ikea was having great impact on society and peoples.…

    • 1057 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    IKEA case study

    • 440 Words
    • 2 Pages

    IKEA’s view of value creation and delivery assists customer loyalty by creating a strong brand culture. Nowadays, people are becoming brand conscious thus helps IKEA in retaining more customers. The company is customer oriented which make its products based on consumer needs. IKEA sells stylish furniture at such a low price that is really affordable and more people buys it, which in turn increases sales and customer loyalty. Customer loyalty is all about attracting the right customer, getting them to buy, buy often, buy in higher quantities and bring you even more customers. IKEA started as a pure Scandinavian furniture seller with a standard product but latter on get mixed with local culture of country and life style as in case of China. In addition, convenience of going to IKEA stores is another contributing factor to customer loyalty. The stores are near to public transport places and shoppers view furniture on the main floor in scores of realistic settings arranged throughout the cavernous showrooms (Wild et. al., 2007). IKEA has started a home delivery service and assembly service to make it more convenient for the customers. Not only this people who are very busy in life and cannot go to the brick store, they can also order through World Wide Web for the furniture and IKEA will deliver it to their doorstep (IKEA, 2012). Also, the company started additional services such as food outlets, food market and Kid’s corner to entertain its customers who comes for shopping.…

    • 440 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Ikea Study Case

    • 2937 Words
    • 12 Pages

    What do you think of the company’s product strategy and product range? Do you agree with the matrix approach described in Figure B of the case?…

    • 2937 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Ikea Concept and History

    • 730 Words
    • 3 Pages

    IKEA offers 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. This is the idea at the heart of everything IKEA does, from product development and purchases to how we sell our products in IKEA stores globally.…

    • 730 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Ikea Performance

    • 298 Words
    • 2 Pages

    QUALITY – IKEA aims to offer their customers products which do not compromise on technical or functional quality despite their relatively low prices. IKEA reassure their customers of this fact by having in store mock-up ‘test cells’ which illustrate their product’s robustness (eg. demonstrations of 000’s of cupboard and drawer opening cycles).…

    • 298 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Quality Control of Ikea

    • 2395 Words
    • 10 Pages

    Table of Content 0. Introduction 1. Start-Up Process 2. Receiving Inspection 3. Production Assurance 4. Final Inspection 5. Document and Sample Control 6. Quality Development A. Facilities B. Non-Conformances C. Measuring Equipment D. Status of Goods E. Traceability Appendixes 1. Process Control Requirement - Gluing 2. Process Control Requirement – Surface Treatment Roller Coating UV 3. Process Control Requirement – Surface Treatment Spraying Waterborne Lacquer…

    • 2395 Words
    • 10 Pages
    Satisfactory Essays
  • Powerful Essays

    Ikea Strategy in Egypt

    • 3896 Words
    • 16 Pages

    IKEA should perform detailed Market research and studies of individual market tastes and get a feel for its Unique Customer.…

    • 3896 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Ikea Case Studies

    • 2958 Words
    • 12 Pages

    IKEA is the biggest furniture retail company that offer variety type of design to its customer. The nature of IKEA business is Offering 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 was the world's largest furniture retailer ,It sold inexpensive furniture of Scandinavian design. Considering that IKEA stores carry a product line of approximately 10,000 items, which are for the most part available at all IKEA retail locations, efficient distribution is a vital part of the company's vision to bring well designed home furnishings to as many people as possible. It's sold most of its furniture as knocked-down kits for customers to take home and assemble themselves.…

    • 2958 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Ikea Strategy

    • 3434 Words
    • 14 Pages

    10. A. H. Maslow, Motivation and personality, 2nd ed. (Upper Saddle River, NJ: Prentice Hall, 1970). Reported by permission of Prentice Hall Inc.…

    • 3434 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Hrm Ikea China

    • 4135 Words
    • 17 Pages

    “It is instrumental (…) to harness the productive potential of their employees in order to achieve superior performance”…

    • 4135 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    The globalization of market refers to the merging of taste and preferences of consumers from all around the world resulting in an emergence of a single global marketplace. IKEA has thus used this occurrence to their advantage by shaping their business model to emphasize on standardization, customization and functionality. IKEA’s motto “ One design suits all” is a simple yet effective business model that has helped them cater to all the diverse markets around the world today. In general IKEA products are standardized across markets and have high functionality that cater to the needs of people in every country. IKEA also functions on the principle of offering furniture at low and affordable prices. Despite its low costs, products are still of high quality due to the ability to mass produce their products. Similar to Macdonaldization, IKEA has been able to answer to the uniform taste of consumers in todays society and at the same time spread its own culture identity internationally. IKEA only uses different marketing and advertising strategies for their various markets to better cater to the local consumers.…

    • 432 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Ikea Introduction

    • 775 Words
    • 4 Pages

    IKEA[1] is one of the biggest furniture retailer in the world, recognized for its Scandinavian style. IKEA is a home furnishing company with a fully integrated supply chain, including its own industrial groups – Swedwood and Swedspan and retail centre – Ikea stores. The company works in four basic areas: range strategy & product development, production, supply and retail.…

    • 775 Words
    • 4 Pages
    Good Essays