Nadežda Lakomaja‚ 031RHV031 Case summary: IKEA Symptoms IKEA has a strong international brand recognition built upon a unique philosophy and low product prices‚ combined with solid sales performance. IKEA’ s famous vision is “to create a better everyday life for many people”. The company maintains total control of its design‚ pricing and supply of product ranges globally‚ and thus has a product portfolio that caters for most consumer lifestyles and budgets. IKEA is very much reliant on Europe‚ with
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Recently‚ IKEA is one of the most renowned brands of retailers around the world with 351 stores in 43 countries in September 2014 (Wikipedia). China‚ particularly‚ is known broadly as the most potentially profitable with a population of approximately 1.4 billion people. This country‚ hence‚ has become one of the core target in the strategy of internationalization of IKEA. Chinese market contribute eight of the ten largest IKEA’s stores in the globally according to Hatton (in November 2013). This
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MANAGEMENT TOPIC IKEA CASE STUDY SUBMITTED TO: MARILYN MAY STUDENT NO: C0362023 1.0 INTRODUCTION: Ingvar Kamprad Elmtaryd Agunnaryd (IKEA) was founded by a 17year old boy Ingvar Kamprad in a small town of Smaland in Sweden. IKEA is now the largest furniture retailer in the world. As of October 2010‚ IKEA has 313 stores in 38 countries most of them in North America‚ Europe‚ Asia and Australia. The IKEA group owns 276 stores in 25 countries and 37 stores run by franchisees outside the IKEA group in
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Forces and Value Chain analyses of IKEA (2012‚ 2700 words) This paper looks at IKEA‚ one of the global leading furniture retailers and a very successful brand. It examines the environment in which IKEA operates using SWOT‚ PESTEL‚ Porter’s 5 Forces and Value chain analyses to inspect the attractiveness and competitiveness of the industry. Conclusions are also made. IKEA‚ SWOT; PESTEL; Porter’s Five Forces; Value chain analysis
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EXECUTIVE SUMMARY In 1998‚ the first IKEA store was opened to the Chinese market in Shanghai‚ the country’s financial cradle and now ready to expand further. With a consistent economic growth level‚ China is attractive to most multinational companies as a green of business potential. However‚ a successful expansion needs to reflect the way in which IKEA understands the marketplace in terms of cultural infrastructure‚ protection of its brand‚ trade barriers such as host country legislation‚ political
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promotion is relatives with the culture of the country. IKEA have to think about tastes and preferences for each country. Having presented the factors that make the growth in retailing abroad difficult‚ there are specific cultural reasons‚ which make IKEA’s expansion abroad not easy: -Cultural specific strategy: • The use of the Swedish flag • Swedish style of the furniture - Lack of cultural adaptation: The main strategic issue at IKEA was the fact that they largely ignored the rule that they
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TOBAGO NAME : AMRIT AMAR MARAJ SUBJECT: STRATEGIC MANAGEMENT STUDENT NUMBER : 12236975 TOPIC : IKEA TABLE OF CONTENTS *INTRODUCTION *TARGET MARKET *ORGANIZATIONAL STRUCTURE *MARKETING MIX *PORTERS FIVE FORCES *STRENGHTS‚ WEAKNESSESS‚ OPPERTUNITIES‚ THREATS *POLITICAL‚ ECONOMICAL‚ SOCIAL‚ TECHNOLOGICAL‚ ENIROMENTAL‚ LEGISLATIVE *BOWMAN STRATEGY CLOCK *CONCLUSION
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Strategic Marketing Plan for IKEA who are focusing on greater growth and development of the ‘middle class market’ in India IKEA GROUP Ikea is a Dutch worldwide company native Sweden specialized in the retails furniture. The company has been created in 1943 in Almhult (Sweden) at the vision is ‘’ To create better everyday life for many people” IKEA selling ready to assemble furniture. They have 338 store in the world in 41 country‚ in 2011 the group
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IKEA IN RUSSIA INTRODUCTION Today‚ we present our analysis of the adaptation of a multinational in an emerging country. We chose to study the Ikea’s case because the company is the leader in the field of interior design and furniture. In addition‚ we chose to focus on the implementation of Ikea in Russia because the cultural differences between Russia and Sweden are important. This cultural distance shows the importance of brand policy and how it could have an impact on sales as well as
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Table of Contents: 1. IKEA – An Introduction …………………………………………………………………………….. 2 2. The reason of why distribution is such a key element of IKEA’s value chain.. 2 3.1 Distribution System of IKEA ………………………………………………………………………… 2 3.2 Porter’s and IKEA modified value chain ……………………………………………………….. 2 3.3 Importance of distribution for IKEA value chain …………………………………………… 2 3. SMA techniques in IKEA for managing its distribution network ………………….. 3 4.4 Target costing
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