How Ikea Manages The Global Environment Essay - 1330 Words

Lesson MGT600 #2 Case Studies Ying Li International American University MGT 600: Organizational Theory Design David Johnson PhD July 10th, 2016 How IKEA Manages the Global Environment IKEA is the largest furniture chain in the world, and in 2011 the Swedish company operated over 270 stores in 25 countries. In 2011 IKEA sales soared to over $35 billion, or over 20% of the global furniture market. Most of its stuffs believed IKEA will massive growth throughout the world in the coming decade because IKEA could provide what customer wanted: good design, and good made contemporary furniture with an affordable price. In one word, IKEA’s global approach focuses on simplicity, attention to detail, cost consciousness, and responsiveness in every aspect of its operations and behavior. (Jones, 2013) IKEA’s Global approach focuses on the personal values and company’s belief, which is about how IKEA treat its employees and customers. Ingvar Kamprad, the founder of IKEA, tries to transfer his values and belief, which is operation in a no-frills, cost-conscious way to store managers and employees. And the most important is he wants that they are all in business â€Å"together†, by which he means that every person who works in his global empire plays an important role and has an duty to everyone else (Jones, 2013). Promotion, training, above-average pay, a generous store bonus system, and the personal well-being are good approach for a company which wants to enlarge theShow MoreRelatedIkea Essay777 Words   |  4 PagesList the various ways in which IKEA has managed its global environment over time. IKEA was founded by Ingvar Kamprad in 1943. Today IKEA is one of the largest furniture chains in the world with three hundred and fifteen stores operating in twenty seven countries. IKEA has managed its Global Environment in the three major ways which has contributed to its great success. These ways are as follows: 1. Ingvar Kamprad was able to identify the changing trend in consumer wants and adapted his productsRead MoreChapter 3 Ikea OT Case anaylsis Essay686 Words   |  3 PagesGraduate Studies Faculty of Business Organizational Theory (1601712) Semester: Fall 2014/2015 Student’s Name: Mohammad Bani Mustafa Student’s ID: 8141333 Case for Analysis: How IKEA manages the global Environment. Discussion Questions: Q1: List the various ways in which IKEA has managed the global environment over time. Company’s approach that focuses on Simplicity, attention to detail and cost consciousness which help in attracting customers and their needs and wishes and approach of responsiveRead MoreHeyy1303 Words   |  6 PagesHow different is different? IKEAs challenge to appeal to local tastes globally. Brief information about IKEA company. IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds, chairs, and desks, appliances and home accessories. The company is the worlds largest furniture retailer. Founded in 1943 by 17-year-old Ingvar Kamprad in Sweden, the company is named as an acronym comprising the initials of the founders name (IngvarRead MoreGlobal Business Environment: Interview With IKEAs Senior International Manager1139 Words   |  5 PagesRunning Head: GLOBAL BUSINESS ENVORINMENT Global Business Environment Interview Introduction The business personal interviewed for this paper is Mr. Jeff Anderson, who has been in the international business for more than a decade. Mr. Jeff is the senior International manager at IKEA and is working with IKEA since last 10 years. He often visits different countries that have IKEA stores; and has been to Europe, Middle East, North America, Australia and United Kingdom. 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SWOTs help a company evaluate their competition and get an awareness of the market fluctuationRead MoreIkea Research Paper1527 Words   |  7 PagesIKEA – 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 â€Å"to create a better everyday life for the many people† is at the heart of its business, in collaboration with the IKEA business Idea â€Å"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, functionalRead MoreExplain How Each Sector of Industry Is Linked Together Within a Supply Chain?835 Words   |  4 PagesExplain how each sector of industry is linked together within a supply chain? In todays world, supply chain management (SCM) is a key strategic factor for increasing organizational effectiveness and for better realization of organizational goals such as enhanced competitiveness, better customer care and increased profitability. Today, most of the enterprises of a supply chain operate independently. For example, marketing, distribution, production planning, manufacturing, and the purchasing organizationsRead MoreSwot Analysis : Bcg Matrix1565 Words   |  7 Pagesdiscusses how stable the market in which the company performs its operations is. Risk of the industry, inflation, barriers to enter the market are being considered. The more stable one is the more favourable is for the company to operate in it. Once everything is evaluated and scored, average score is calculated resulting in a type of strategy for the company to follow: conservative, aggressive, defensive and competitive. 2.1 internal organisational Audit An organisational analysis which IKEA carried