Strategic Management Of IKEA

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INDIVIDUAL ASSIGNMENT NAME : Kevin Pratama Student ID : 1006717 Lecture : Mr. Jasni Table of Content 1. Introduction………………………………………………………………………………..3 2. What makes Ikea success…………………………………………………………….5 3. The management of Ikea……………………………………………………………..5 4. Management and Strategic of Ikea………………………………………………7 5. Conclusion……………………………………………………………………………………9 6. References…………………………………………………………………………………..10 Introduction IKEA is a multinational group of companies that designs and sells ready-to-assemble (such as beds, chairs, and desks), appliances and home accessories. as of…show more content…
The Ikea group has a complex corporate structure, the purpose or one of the purposes of which may be to avoid tax, and is controlled by several foundations based in the Netherlands, Luxembourg and Liechtenstein.As of March 2016, Ikea owns and operates 384 stores in 48 countries. In fiscal year 2010, US$23.1 billion worth of…show more content…
Operations management is not only important for IKEA, but this is important forco most companies. And this is important for IKEA because the company aims to reduce wastages, increase productivity, time, and resources management in order to make sure that the production cost is low and at the stores the company aims to make sure that their warehouse is utilised properly, customers are explained the details and finally the product is delivered without issues so that the shifting cost is low. So this indicates that there will be set of operations irrespective of what field a business is in and at the end of the day successfull businesses are those which manage their operations effectively and efficiently. Besides, the firm relies significantly on its supply chain, which entails a range of processes from raw materials acquisition to the delivery of their products to their costumers. The key operational processes from raw materials acquisition to the delivery of their products to their costumers. The key operational processes are managed and controlled at the firm’s head quarters in Almhult, Sweden. Nevertheless, there are some operational problems that have been reported at the organization including costumers’ frustations because of overcrowding in its retails stores and product availability and wait times. Some of the measures that Ikea has implemented to address these operational problems include establishment of checkouts for costumers with small items and increasing the
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