Jim Surphera Dr. Henry Scott Human Resources Management (HRM 410) October 3‚ 2009 Assignment #1: “Why Work at IKEA?” Human resources professionals in today’s job market seek to identify candidates who possess seemingly intangible qualities‚ such as a positive attitude‚ high moral standards‚ respect for others‚ and other similar traits. These traits are often difficult to assess‚ specifically because there is often insufficient empirical data with which to devise accurate measurement tools. Additionally
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industry in the market. (Srinivasan 2008) IKEA‚ the world biggest global furnishing mega store‚ provides products that are well- designed and functional‚ with prices that many consumers are able to afford them. It all begins from the internal analyze of IKEA’s resources‚ capabilities and both primary and support activities‚ also the external analyze of economy‚ social and technology aspects that made it all possible for their operations. One major resources of IKEA was to harvest woods from sustainable
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be a good example. For IKEA‚ we can see any significant impact from the political environment. The next one will be the economical environment. During the economic recession‚ most people don’t want to spend too much. Customers will think twice before they pay for the product. IKEA have the advantage that the price is very reasonable for the general public. They can do so because their products are mainly made in China. So we think that there are positive impacts for IKEA during the low economy
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IKEA SWOT analysis Strengths Weaknesses 1. Customer knowledge 2. Constantly using innovations to drive costs down 3. Supply chain integration 4. Brand reputation and market presence 5. Diversified product portfolio 1. Negative publicity 2. Decreasing quality 3. Standard products Opportunities Threats 1. Further expansion into developing economies 2. Growing online sales 3. Expansion to growing grocery market 1. Intensifying competition 2. Growth of average consumer income 1. Customer knowledge
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Executive Summary: 2.1. IKEA Objectives: * IKEA produces cheap and affordable products for the customers. * The company wants better life for those who cannot afford expensive products. * IKEA always helps to produce right product for the right consumer. * IKEA always tries to sell their products at low prices. * The company’s global developments and its continual commitment is to have a positive impact on people and the environment. 2.2. IKEA Vision: The Vision is to
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RONY IKEA Supplier Quality Standard Issued By: Approved By: Date Edition Quality Improvement Group Product Quality Manager‚ Trading Operation 2010-09-02 2 Table of content: Introduction GO / NO GO requirements 1. Management 2. Start-up process 3. Secure Incoming Goods 4. Production Control 5. Final Inspection 6. Document and Sample Control 7. General Requirements Page 1 2 3 4 6 7 8 9 10 INTRODUCTION IKEA Supplier Quality Standard This IKEA Supplier
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Introduction of IKEA IKEA is a Swedish company producing home furnishing products at low prices to make them affordable to people. The company was founded in 1943 by Ingvar Kamprad and kept growing tremendously from 2 stores in 1964 to 114 stores in 1994 to 285 stores in 2008 in 36 countries with an additional 26 stores to be opened in 2009 welcoming a total of 522 million visitors. IKEA’s success story is the result of its founders opening store in 1951 to allow customers to inspect products before
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industry is very competitive. There is an analysis of the rivalry of IKEA in this sector: IKEA works in a highly competitive industry highlighted by other low priced furniture producers like Galiform (England)‚ Wal-Mart (USA)‚ Euromarket (USA)‚ Argos (England)‚ and others. «IKEA has wisely attempted to compete by entering the markets that typically pose the largest competition‚ such as China and Japan» (Caplan‚ 2006). IKEA reach a wider market to increase his customers and his market share.
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IKEA Case Study BY: MARGARET NICHOLSON February 8‚ 2015 Keller Graduate School Professor: Timothy Schauer Course: MKTG-522-20775 Marketing Management Analysis of the Current Situation Strengths Weaknesses -There are a number of competitors who have low priced furniture to sell to buyers. Some competition like Walmart is cheaper than IKEA‚ but furniture packaged is not high quality. - There are a number of competitors. -Difficult establishing stores in new cities. -Stay with today’s trends
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IKEA – Research Essay Introduction The purpose of this research essay is to update IKEA’s company status for the last six years‚ i.e. 2003 to 2009/2010. The IKEA vision “to create a better everyday life for the many people” is at the heart of its business‚ in collaboration with the IKEA business Idea “to offer a wide range of well designed‚ functional products at low prices.” IKEA‚ a Swedish home furnishings retailer‚ is known today as the world’s largest designer and retailer of inexpensive‚ functional
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