IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia. Characters in the case: Ingvar Kamprad - Founder of IKEA Goran Carstedt − President of IKEA, North America Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers. To Determine: Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

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Answer 1

Question

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

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Answer 2

Question

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

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Answer 3

Question

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

Expert Solution & Answer

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Answer 4

Question

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

Expert Solution & Answer

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Answer 5

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

Answer 6

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

Answer 7

Chapter 11, Problem 9TU

Summary Introduction

Case Summary:

IKEA is a Swedish Furniture Giant founded by Ingvar Kamprad with an intention of creating good quality home furnishings at affordable costs. Today IKEA is a multi-billion company with nearly 400 stores in more than a dozen of countries. It maintains its affordable cost by sourcing from 1500 suppliers in 50 countries. United States is the largest market of IKEA, which began in 1985 in Philadelphia.

Characters in the case:

Ingvar Kamprad - Founder of IKEA

Goran Carstedt − President of IKEA, North America

Adequate information: IKEA has also expanded into apartment building, having over 3500 stores through Sweden, Norway etc. IKEA has dozens of outlets which generate billions of dollars sales annually. IKEA stores also have in-house restaurants, play areas that attract customers.

To Determine:

Whether the Founder of IKEA, Kamprad’s, decision to expand into China based on his intuition paid off.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

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Answer 11

Ch. 11.1 - Prob. 1QS1 Ch. 11.1 - Prob. 2QS1 Ch. 11.1 - Prob. 3QS1 Ch. 11.2 - Prob. 1QS2 Ch. 11.2 - Prob. 2QS2 Ch. 11.2 - Prob. 3QS2 Ch. 11.3 - Prob. 1QS3 Ch. 11.3 - Prob. 2QS3 Ch. 11.3 - Prob. 3QS3 Ch. 11.4 - Prob. 1QS4

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Chapter 11 Solutions