General description of site
The moment you open www.ikea.com you get into a global gateway display. The page allows the user to voluntarily select their location. The page is not country specific. No country, even Sweden, has a preferential billing on the site. To add on this, each country supported by the website is denoted by 2 letters on the domain name. For instance, Germany domain is titled www.ikea.de while France domain is denoted as www .ikea.fr. The U.S. domain is denoted as www.ikea.us (Yunker, 2007). The website uses a banner that covers the entire home page. The banner communicates the niche covered by the site i.e. furniture. The banner also allows the website visitors to easily maneuver to their country details. If the website does not contain store information for the country specified there are alternative details made available.
Beneath the banner, there are country-specific domains with regional organization, that is, Caribbean, Europe, Asia Pacific etc. The IKEA website contains a surplus of information and information. The abundant information is denoted in such a manner as not to overwhelm the user rather guiding the shopper to what they need.
The core focus of the website is E-commerce. IKEA is known to be the most conspicuous and largest furniture retailer in the entire world. The process of making a purchase is quite simple on the website. The site has buttons that help users locate stores nearest to them. The site also has detailed information on the various modes of delivery, FAQ’s, and other fundamental tools situated on the website’s homepage.
Products are priced based on the need to ensure affordability alongside the need to achieve a determined sales target. The profit target set by IKEA significantly determines price levels. IKEA has adopted a number of pricing strategies. The future objective of IKEA is based on an analysis of the desired market position based on 3 proposals. IKEA seeks to ensure the Furniture titans are financed adequately. The items purchased by a customer will be shipped to where the customer is located.
Target market
Based on internet population information and details from alexa.com women enjoy higher levels of website presence compared to men. The people holding some college education or none at all also record higher levels of website presence. College graduates are not adequately represented. Compared to the general population on the internet, school going individuals visit the website more often. The people accessing the website from their homes are lesser compared to those accessing the site from their workstations. These statistics reveal that online shoppers and the people visiting stores are most likely the young populations. Young women between the age of twenty and thirty are overrepresented. Women averaging 38 years of age are shown as the most frequent visitors to IKEA website. The company has had a recent goal of capturing the young couples market, specifically those who have their own apartments (Kerin et al., 2010). A recent survey that entailed a sample of young adult couples with active professional carriers and those who shopped for furniture a first time had the following to reveal:
According to Kerin, Hartley, and Rudelius (2010), various regions ascribe to different backgrounds depending on market segment and geographically identifiable activities. Such market segments and varying backgrounds are shown to align themselves to the local conditions in the region. IKEA is segregated into various geographical units both for the Asian and European markets. More sales are recorded in the region of Scandinavian, the region accounts for 80% sales. North America records 15% of sales while the 5% sales are left for Asia and Australia continents (Kerin et al., 2010). Statistics disclose that the main target markets for IKEA are Asia, America,...
References
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Kerin, R. A., Hartley, S. W., & Rudelius, W. (2010). Marketing. McGraw-Hill.
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IKEA Company has a global supply chain with sales in over 250 own stores in around 24 countries across the globe and 32 outside franchises in 16 countries. The company's stores are supplied directly from the 1350 suppliers or through 31 distribution centers in over 50 countries. As a result, the firm's supply chain has an international spread comprising of sales and purchases across major regions in the world. Since
The company sees tremendous potential in a number of global markets and intends to pursue geographic diversification as the primary means of growth. It is aided by globalization, which has allowed it to also diversify its supply chain. The ability of IKEA to enter and exit markets around the world, both as retailer and purchaser, has been facilitated by globalization. The eradication of trade barriers in particular has allowed
The stylishly designed, low cost furniture is appreciated by many customers. Even in the recession, IKEA was still able to maintain sales growth. IKEA has used word-of-mouth as their marketing strategy, and customer loyalty is the major component of IKEA's success. Not every furniture company has the ability or money to develop smartphone apps. However, IKEA is able to increase its sales through e-commerce, which also increases company's accessibility and brand
IKEA in the U.S.A. How 'culture' in the U.S. may impact upon IKEA company and brand People at IKEA are well-known for living on a slender means, working hard, and being innovative to maximize the use of limited resources. At IKEA, wasting resources is a grave sin. This has become a characteristic of the entire company. This culture of doing things is at the core of the company's approach of keeping low
IKEA was founded in the 1940s as a home furnishings company and quickly expanded into its current form. The companies mission is to "offer home furnishing products of good function and design at prices much lower than competitors by using simple cost-cutting solutions that do not affect the quality of the products" (Ikea.com, 2011). The company operates on a franchise model. There are IKEA stores in 41 countries around the
IKEA, one of the largest furniture retailers worldwide. This text provides a synopsis of the article and commentary on the company's product strategy and product range. IKEA was established in 1943 in Sweden by Ingvar Kamprad, originally as a mail order business. Five years after inception, Kamprad ventured into the home furnishing business, subsequently opening the first furniture showroom in 1949. At the time, the showroom earned recognition as the
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