IKEA's Marketing Strategy

IKEA MGMT220-1003B-03: Introduction to internationalist Business IKEA is a famous Swedish piece of furniture come with with retailers worldwide. They tell apart in inexpensive but modern Scandinavian furniture designs. IKEA low opened in 1943 in Agunnaryd, Sweden. It now has 123,000 employees in 25 countries and/or territories and generates annual sales totaling more than 21 one thousand million Euros (IKEA, 2010). IKEAs main emphasis areas are on children and the environment. With IKEA, children are the nearly extraordinary thing in the entire world. They concord activities that focus on helping children achieve their goals by supporting their culture and learning. The environment is important, and the keeping prices low, does non come at the damage of the environment. The stores are measured on their environment debt instrument and they eternally consider their impact on the environment. Mission Statement IKEAs cathexis statement is to develop a bett er every twenty-four hours life for every one and only(a) (IKEA, 2010). Product Strategy The around meet marketing considerations would be advertising, guest buying, and distribution. This would make IKEA a gubbins crossing. advertize should make the customers knowledgeable of what is at distributively military position at what price, making the distribution to distributively location essential.

Advertising is one of the most important move in the convergence strategy, since customers wont purchase thing they have not heard of before. Value has ever so remained important with IKEA when developing furniture (IKEA, 2010). W hen buying furniture, it can suit a deal br! eaker. If a company that was selling high value furniture lowers the value, a customer will start looking for a product elsewhere that is of better value for the same price. That is why IKEA has always been move to having high value in all that they sell. either contingent is important so customers remember their items and hopefully become take up customers. IKEA has branded their items... If you want to get a full essay, order it on our website: BestEssayCheap.com

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