A Marketing Story On IKEA - One Of The Most Popular Furniture Businesses In The World
Did you know that the E in IKEA stands for the name of a farm, Elmtaryd, the name of the farm where Ingvar Kamprad (IK) grew up in Agunnaryd (A) his home-town? These facts may be insignificant but what is noteworthy is how IKEA has managed to stay ahead in the furniture business since 1943. For starters, IKEA doesn’t start with a competitive white Space or consumer trends. IKEA starts with the Price-Point. IKEA thus operates on a cost leadership strategy for sustained competitive advantage







