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INGVAR KAMPRAD ELMTARYD AGUNNARYD
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INGVAR KAMPRAD ELMTARYD AGUNNARYD
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Background of IKEA INGVAR KAMPRAD – Name of the founder
References :- Wikipedia,IKEA. Background of IKEA INGVAR KAMPRAD – Name of the founder ELMTARYD – Farm where he grew up AGUNNARYD – Founder’s hometown in Sweden
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Mission & Vision VISION
References :- Wikipedia,IKEA. Mission & Vision VISION To create a better everyday life for the many people MISSION To 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
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Management President & CEO : Mikael Ohlsson
Corporate Communications : Helen Duphorn Human Resources : Petra Hesser Head of Staff : Alistair Davidson IKEA Industry : Leif Hultman Sustainability : Steve Howard Retail : Martin Hansson
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Strength Unique and modern design products for Home furnishing.
Low and affordable product price. IKEA’s outlets Interior Design concept imposing the best feel-like-home & family-friendly shopping environment. Different home ideas; from home decoration ideas to organizing tips to inspirations.
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Weaknesses Low number of stores Limitation of online shopping
References :- IKEA strategic case study & analysis, Osama Albarrak Weaknesses Low number of stores Limitation of online shopping Limitation of design software Furniture not built to last a lifetime
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Opportunity (potentials)
Expansion to developing countries Expansion to growing grocery market Selling Point : Sustainability – from material sourcing up to finished product and the whole supply chain management
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Threats Recession – higher oil, electricity & operating costs
References :- IKEA Solutions for Weakness & Threats UKessays IKEA Strategies Issues Solutions UKessays Threats Recession – higher oil, electricity & operating costs Lower standard of salary causing reduced by power of consumers Competitors – cheaper knock-off products widely available (i.e. made in China)
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Solutions EFFICENCY SUSTAINABILITY
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ANY QUESTIONS?
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THANK YOU
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