How Ikea of Eweden Got to India - Case Study

Under this task I will explain the ethical issues that business needs to consider in its operating activities and how a business they could improve the ethical of their operations and also I will evaluate the influence of stakeholders exert in one company.

Ethics must be global, not local. In order to build a truly great global business the leaders need to bring forward a global standard of ethical practices.

     Cultures are varying among different parts of the globe. People with different cultures have different characteristics and viewpoints on the subjects due to diverse understanding and method of learning. During the past few decades, the international trade grows in a very rapid rate due to the advantages that it provides; “increased sales, operational efficiencies, exposure to new technologies and broader consumer choices” (Heslin). Therefore, when considering the culture aspect to current business world, it is crucial for business to understand the culture aspect because of the tremendous growth of international business as well as utilize the international market to its maximum

Local partners could help IKEA to understand better the customer’s behaviors in the host market. The psychic distance would be reduced and consequently IKEA could adapt its products, its stores layout following its local partner advices. Traditionally IKEA used to push Swedish design into the new markets without considering the local needs. If they could find a local joint venture understanding well the local needs they could provide more suitable products.

Evaluating SWOT of IKEA, the company has developed a strong strength in the industry through effective global marketing strategy that would assist, and continue to help them gain more grounds globally as indicated in the outlined strength. The company has great future opportunities for business expansions in the market as well as developing nations; having said that, their weak point is quality, which is a concern as customers can discouraged because of poor quality, poor relationship with employees can be detrimental to efficiency, their competitive market strategy is low cost product, but create standardized products as such will attract

International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according

As regarding the challenges in the way IKEA ought to compete around the globe, I think that they should not be so worried about the other competitors on the market in their market segment.

Culture and the environment affect a business in many ways. Culture is not simply a different language, a different shade of skin, or different styles of food. Culture, and the environment in which you are a part of, affect the running of day to day business operations of all companies’ day in and day out. This paper will assess how Linda Myers, from the article, “The would-be pioneer,” (Green, S., 2011) was affected by the huge culture shock of working for a global conglomerate from Seoul, South Korea. We will discuss what went wrong with Ms. Myers approach to business, Hofstede’s five dimensions of culture as it

Team Project Paper Rubric: The Team Project report was graded according to the rubric below

First thing been identified about IKEA is that it is not just a furniture trader but provides solutions to lot of people for an affordable price. Here the affordable price does not mean low quality product but it originates lower cost products. So the first strategy in IKEA is the Overall Cost Leadership. They maintain their cost in a lower level without destroying to its quality. IKEA as a prominent furniture franchiser it faces for an enormous demand in every day. According to the volume they have hefty show room which has adjusted capacity distribution. Thus, they are sustaining a restaurant chain along with their store with their occupant and also cultural foods. They have used the strategy of Developing Complementary Services in managing their demand. IKEA started in Sweden but now it has blow-out to 40 countries with 330 stores. It is a comprehensive company it has expands the company to every country. IKEA been identified as Globalization Strategy and the influences they used in entering to these countries. Before they decide in entering to a country it conducts a research on the viability and sustainability of it. For an example they have once tried to enter to the New Zealand market but according to the investigation finding there will be an enormous traffic jam in Auckland if they open a store so they give up the idea. As the conclusion of the strategies of IKEA they used 3 main strategies to become successful in shorter time period. They are; Overall Cost Leadership Developing Complementary Services Globalization Strategy – Franchiser – Multi Country

Political factors increasing protectionism and globalization, presents a challenge as well as a chance to IKEA. The challenge will to done against unknown powers and to search the best fabric viable goods from world over. IKEA can enter the markets of emerging firm through combine ventures or buddies to explore to these new markets. AT the same time, the company has to be alert that countries may force high impost on products imported in an essay. However, IKEA may stand to reduce its fees as governments start to reduce taxes or supply subsidies to help trades stay afloat in this economic

The IKEA Group, one of the world’s top furniture retailers, has emerged as the fastest-growing furniture retailer in the US. Its unique business strategy has given it its strengths for its success today. However, like all strategies, IKEA’s strategy has its own flaws that can pose as weaknesses. IKEA also has a lot of opportunities in the marketplace such as expansions of their company and threats such as competitors in the same industry.

Supply chain integration. The brand reputation and market presence, diversified product portfolio. Weakness of IKEA are simple things with implementing new ideas can be changed. Customer knowledge. One of the key competitive advantages IKEA has is its extensive knowledge about the customers. The company understands the purchasing factors that influence customers to buy and implements the best practices to induce that decision. IKEA offers low prices and a huge range of products. Designers constantly introduce new design products that look stylish in the eyes of customers.

The Supreme Court of India has adopted a forward-looking approach since last few years, particularly having regard to the socio-economic conditions prevailing in the country. In fact there are two kinds of approaches which characterise the functioning of the highest Court in every

1. Heard Mr. Shekhar Naphade, learned senior counsel for the petitioner, learned Attorney General for India for the Union of India Mr. Vahanvati, Mr. T. R. Andhyarujina, learned Senior Counsel, whom we had appointed as amicus curiae, Mr. Pallav Sisodia, learned senior counsel