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DQ 9.2_Management

DQ 9.2_Management

Q 1. Does IKEA have a truly global strategy or just a series of regional strategies? Explain.2. Discuss IKEA’s global strategy in terms of the five global product and communications strategies.3. If IKEA can sell a sofa in China for $160, why doesn’t it sell the product at that low price in all of its markets4. Can competitors easily replicate IKEA’s strategy? Why or why not? 5. Should IKEA expand more rapidly than 20 to 25 stores per year? Explain.

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After perusing the case study carefully, I will safely say that IKEA very much has a global strategy. The marketing strategies applied by them show that they have a global outlook and they work towards it diligently. The steps taken by them are not regional in nature, they are global in nature. The approach strategy has been adopted by IKEA in the area of marketing which is being tweaked from time to time as per regional necessity. They do not waste time and money in reinventing new strategies; rather they apply the same strategies by applying required edits. This way they meet customers’ needs in different markets (Helgeson, Jeirud, Berndt & Feng, 2015).