Competitions

CAT Prep

Upskill

Placements

MBA Co'26

RTI Response

Rankings

Score Vs. %ile

Salaries

Campus Tour

What Can You Learn From IKEA's Launch In India? - Strategy With RS

Jun 27, 2018 | 2 minutes |

Join InsideIIM GOLD

Webinars & Workshops

Compare B-Schools

Free CAT Course

Take Free Mock Tests

Upskill With AltUni

CAT Study Planner

Final 2 Days to CAT 2024 Test-44

Participants: 256

Final 3 Days to CAT 2024 Test-43

Participants: 260

Final 4 Days to CAT 2024 Test-42

Participants: 331

Final 5 Days to CAT 2024 Test-41

Participants: 357

Final 6 Days to CAT 2024 Test-40

Participants: 340

Final 7 Days to CAT 2024 Test-39

Participants: 336

Final 8 Days to CAT 2024 Test-38

Participants: 314

Final 9 Days to CAT 2024 Test-37

Participants: 324

Final 10 Days to CAT 2024 Test-36

Participants: 287

Final 11 Days to CAT 2024 Test-35

Participants: 480

Final 12 Days to CAT 2024 Test-34

Participants: 331

Final 13 Days to CAT 2024 Test-33

Participants: 293

Final 14 Days to CAT 2024 Test-32

Participants: 275

Final 15 Days to CAT 2024 Test-31

Participants: 358

Final 16 Days to CAT 2024 Test-30

Participants: 290

Final 17 Days to CAT 2024 Test-29

Participants: 310

Final 18 Days to CAT 2024 Test-28

Participants: 341

Final 19 Days to CAT 2024 Test-26

Participants: 338

Final 20 Days to CAT 2024 Test-26

Participants: 306

Final 21 Days to CAT 2024 Test-25

Participants: 250

Final 22 Days to CAT 2024 Test-24

Participants: 266

Final 23 Days to CAT 2024 Test-23

Participants: 179

Final 24 Days to CAT 2024 Test-22

Participants: 226

Final 25 Days to CAT 2024 Test-21

Participants: 223

Final 26 Days to CAT 2024 Test-20

Participants: 276

Final 27 Days to CAT 2024 Test-19

Participants: 230

Final 28 Days to CAT 2024 Test-18

Participants: 234

Final 29 Days to CAT 2024 Test-17

Participants: 245

Final 30 Days to CAT 2024 Test-16

Participants: 276

Final 31 Days to CAT 2024 Test-15

Participants: 272

IKEA, the world’s largest & extremely popular furniture maker will open its 1st outlet (37ooo square meter with 1000 seater capacity cafeteria) in Hyderabad, India. IKEA has invested time to understand the Indian consumers by visiting 1000s of homes to gain insight into their needs, desire, dreams, aspiration & how they feel about their homes. This study helped IKEA ensure that they design products & cafeteria menu which respects the cultural sensitivity of the people the store will serve!
o Ingredient: IKEA will not be serving its famed meatball made from ‘beef’. Bowing to cultural sensitivity the meatball will be made from chicken. o Local menu: In its cafeteria, it will serve local favourites catering to local taste ‘vegetarian’ ball, biryani, samosa & more! o Price Sensitive shoppers: For them, IKEA has designed a range of products which is priced at less than Rs. 200. o Merchandise: IKEA will also offer a range of special appliances – idly making equipment & products – masala box – which are unique to India, o Do-It-Yourself (DIY): Across the world, IKEA is known for its DIY strategy – shoppers buy semi-assembled furniture at IKEA stores, carry it home where they assemble it themselves. IKEA follows this strategy to keep the price down. But in India, where the price of labour is low, people are not used to assembling. Therefore, IKEA had tied up with Urban Clap – an online platform that helps connect ‘karigar’ with people. Bottom-line: Customers will not change their habits to suit your products. You will have to modify / craft products which will compliant with your customer's lifestyle & cultural beliefs!