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The key to success for IKEA

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Page 1: The key to success for IKEA

ANDRE E A NANH I D E T A KA OKAMURAM I CH E L L E T A I

THE KEY TOSUCCESSIKEA | US MARKET

GROUP 2

Page 2: The key to success for IKEA

A G E N D AI N T R O D U C T I O N T O P R O B L E M S

S E C O N D A R Y R E S E A R C H

P R O B L E M S&

R E C O M M E N D A T I O N S

I K E A : A B E T T E R W O R K P L A C E

P O T E N T I A L B I A S E S

Page 3: The key to success for IKEA

SVE1943

1985PA 

Page 4: The key to success for IKEA

9% Market Share42 STORES IN

U.S.A

Page 5: The key to success for IKEA

What are thePROBLEMS?

Page 6: The key to success for IKEA

1.MINIMALITY OF SERVICES

Page 7: The key to success for IKEA

The DivorceMaker

Furniture is so difficult to

assemble alone,

it has bad reputation!

(Business Insider)

application

RECOMMENDATIONVideo Tutorials

on their

Page 8: The key to success for IKEA

2. MATURING MARKET

Page 9: The key to success for IKEA

IKEA Targets Young Adults

But...

These customers tend to have

the least disposable income,

and can spend the least

amount of money at furniture

stores.

The number of Americans aged

45­64 – who will reach 65 over

the next two decades –

increased by

20.7% between 2003 and 2013.

(IBIS World)

 

Page 10: The key to success for IKEA

PRICE

QUALITY

Page 11: The key to success for IKEA

RECOMMENDATIONThe new young

Page 12: The key to success for IKEA

In-personor

virtual design consultant

Page 13: The key to success for IKEA

Current Problems with Work Place

Page 14: The key to success for IKEA

COMPANY

EMPLOYEES CUSTOMERFacing each other

External MarketingInternal Marketing

Page 15: The key to success for IKEA

Location of workplace

requires own

transportation

Provide Shuttles

Page 16: The key to success for IKEA

BenefitsDiscounted

Furniture

Page 17: The key to success for IKEA

No Pay for Relocation Pay for relocation

Page 18: The key to success for IKEA

Potential Biases

1. Focused on secondary research based on USand international markets

2.Potentially high costs

Page 19: The key to success for IKEA

ANDRE E A NANH I D E T A KA OKAMURAM I CH E L L E T A I

THE KEY TOSUCCESSIKEA | US MARKET

GROUP 2

Page 20: The key to success for IKEA

http://www.businessinsider.com/what­ikea­furniture­says­about­

relationships­2015­4

http://www.innovativeretailtechnologies.com/doc/ikea­s­strategy­for­

growth­proves­effective­0001

http://clients1.ibisworld.com/reports/us/industry/default.aspx?

entid=1016

http://subscriber.hoovers.com/H/company360/overview.html?

companyId=42925000000000 http://www.businesstoday.in/lbs­

case­study/how­ikea­adapted­its­strategies­to­expand­in­

china/story/196322.html http://www.businessinsider.com/what­ikea­

furniture­says­about­relationships­2015­4

https://customer.io/blog/Ikea­effect­onboarding.html

Secondary Research