StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Case Study Analysis - Essay Example

Comments (0) Cite this document
Summary
This helped it to understand the needs and requirements of these stakeholders and hence started designing their company in such a way…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Case Study Analysis
Read TextPreview

Extract of sample "Case Study Analysis"

IKEA Case Analysis Affiliation: When IKEA was first founded and began to grow, how would you describe its corporate culture and its values?
IKEA had a tight-knit corporate culture where the suppliers, workers and customers related well with each other on a friendly and open basis. This helped it to understand the needs and requirements of these stakeholders and hence started designing their company in such a way that these needs will be fulfilled without anyone being sidelined (Bartlett et al. November, 2006).
The value of the company were centered on customer satisfaction and not mainly making a profit. This therefore meant that they had to carry out market research on how to satisfy their customers and at the same time maximize profits with the minimum costs being incurred. The upholding of these values is what has made IKEA what it is today. This is because in trying to please and satisfy the customer, they learnt how to expand and offer the best customer service and maintain their ethical conduct and also manage competition.
What strategies / tactics do you feel have contributed the most to IKEA’s success?
One of the strategies was carrying out market research on what the customers and other regular people wanted. By so doing they came to realize that they wanted good quality but at an affordable price. This made them come up with ways of reducing the miscellaneous costs like storage and transportation which made the end product is expensive. They therefore started the “knockdown” where the customers went to assemble the furniture on their own hence cutting the transportation and storage costs.
The other strategy was developing a mutual relationship with the suppliers. This way the company was able to purchase the best raw material at a lower cost and even on credit. They got to know what the competitors were doing since the suppliers of the products were the same. This made them be on top of their game by having the best raw materials and the cheapest final products and hence more and more customers (Bartlett et al. November, 2006).
How would you describe IKEA’s responses to those two crises? What levels of social responsibility would you say that IKEA demonstrated in their responses to these crises?
The formaldehyde issue was responded to by the company working directly with manufactures to ensure that the substance did not exceed the gas it produces. Later on when the problem returned, IKEA pulled their bookshelves from the market as an immediate measure before resolving the problem.
In the second crises, IKEA sent a team to Geneva to learn more about the child labor problem and how they could correct the problem without having to hurt too many people in the long run and at the same time maintaining and protecting its status. This was such an ideal move that made it even move higher up in customer service and its values (Bartlett et al. November, 2006).
IKEA demonstrated that it truly cares about the society in general because it corrected the errors immediately to ensure no such problems occurred in future. It also started refusing supply of timber from conservation forest and natural forests too in a bid to protect the environment and ensure sustainability through conservation.
List 2-3 potential ways that she and IKEA could choose to deal with this situation, and the ethical pros and cons of each. Finally, which action you would choose if you were in Barner’s position.
One way to deal with the problem was to immediately disassociate itself with suppliers by terminating their contract. This will look good on their image and improve their profits but it would on the other hand cause them extra to find new suppliers of that high quality material. The second way around the issue is to join hands with other companies having the same suppliers and giving the suppliers ultimatum.
The advantage is that the power of many may pressure the suppliers into stopping the child labor. However, not all others being supplied by the suppliers have a problem with the child labor hence may not accept to join IKEA. As a way to protect IKEA with its reputation and large customer base, I would choose the first option and terminate the services of the suppliers. This is also the most ethical decision considering the children are too young for hard labor.
References
Bartlett, C. et al. (November, 2006). “IKEA’s Global Sourcing Challenge: Indian Rugs and Child Labor (A). Harvard Business School. Massachusetts: Harvard Business School Publishing. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Case Study Analysis Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Case Study Analysis Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1589655-case-study-analysis
(Case Study Analysis Essay Example | Topics and Well Written Essays - 500 Words)
Case Study Analysis Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1589655-case-study-analysis.
“Case Study Analysis Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1589655-case-study-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Case Study Analysis

Marketing analysis

...?Marketing Analysis – True Religion Jeans True Religion jeans are the most sought after pair of jeans in the market. The company’s rise in the apparel market has been meteoric and continues to go a long way. It is interesting to note that the company has acquired its current status is mere 10 years of time. In that case it is indeed interesting to analyse the company’s current marketing strategy and to understand what could be the future of the same. To have an effective analysis we need to do an internal and external analysis that is SWOT analysis for the firm. The strength of the company is the exclusivity it provides through its garments. There is a prestige tag...
3 Pages(750 words)Case Study

Case Analysis

...? Reducing Americans’ intake of sodium The most important but elusive public health goal for the past decades is to reduce American’s intake of sodium. Individuals are at high risk for diseases related to elevate blood pressure because they tend to consume far more sodium than what health experts recommend. National dietary guidance recommendations and public intervention were established since 1969 to lay emphasis on the need to reduce sodium intake in America. However, these important activities have failed to meet their goal up to date. It is quite surprising that even after the intake of sodium has been considered to be risky, the intake trend has gone up because early 1970s, thus making diseases caused by consumption... Reducing...
4 Pages(1000 words)Case Study

Market analysis, market segmentation analysis and break even analysis

... Market analysis, segmentation and break-even analysis Introduction A marketing analysis is a study about all the issues that affect the stability of an organization. Market segmentation is the division of markets according to customers’ purchasing power and preferences about some products. My marketing analysis follows some of the basic requirements that I show in a marketing analysis request sheet. The format begins with the objectives under which the goals are identified, project details and the variables. Objectives I write to request for a market analysis because I strongly believe there are new trends in the market that need quick attention. The goals for the market analysis are: Demand The product depends on the income... is the...
4 Pages(1000 words)Case Study

Semiotic Analysis

..., dyadic model. He interpreted the sign to be a physical object with meaning, consisting of the 'signifier' and the 'signified'. The 'signifier' according to him, was the material vehicle for the sign and the 'signified' was the mental concept it represented which was a common factor between every member of the same culture, sharing the same language. (Fiske 1990:43) The two noteworthy theories that help in the semiotics theory are syntagmatic and paradigmatic analysis, and connotative and denotative signified. In semiotics, syntagmatic analysis deals with the analysis of the syntax or surface structure, also referred to as the syntagmatic structure. While on the other hand,...
5 Pages(1250 words)Case Study

Case analysis

...Mega Toys Mega Toys Company is a toys and gaming company started by woo brothers. The company is based in the US. Over the years, the company has grown into a market leader that sets the pace for other competitors in the market. To achieve this, the company has used a business level strategy and a corporate level strategy. One of the strategies includes forming alliances with other market retailors such as Wal-Mart, and Kmart to sell its product in the market. Mega Toys products are however, mostly affected by seasons. The company has special products for various seasons such as Easter holidays, Halloween festivals and Christmas holidays. The main issue in the case of Mega Toys Company is to identify the business level strategy... Toys Mega...
5 Pages(1250 words)Case Study

Case Analysis

... Prof’s Engagement Without Passion: A Recipe for Failure The biggest issue that this group seemed to face was that they were more excited about the idea of starting a business than the business they would actually start. From spending a car ride “bouncing ideas off each other” to being excited with just the idea of doing something “entrepreneurial,” it is clear that there was a lot of excitement – it was just misplaced. 2. Passion is essential for entrepreneurship for many reasons. One of the biggest challenges is that entrepreneurs must spend vast amounts of time working on their project – working 60-70 hour weeks for years on end sometimes, so if passion is not present, fatigue sets in incredibly quickly, and the drive cannot... Prof’s...
2 Pages(500 words)Case Study

SWOT analysis

...A SWOT analysis is concerned with identifying a firms internal strengths and weaknesses and their external opportunities and threats. Basically, strategy formulation builds on SWOT analysis in order to utilize strengths of the organization so as to be in a position to capitalise of the opportunities while counteracting threats and alleviating internal weaknesses (Manning, Salter &Tuinzing, 2005). As such, this paper seeks to carry a SWOT analysis for Zipcar from the case attached. Opportunities Car ownership for students and other people alike is not worth the expense and this is an opportunity for Zipcar Rental age restrictions by other car rental agencies also provide an opportunity for...
2 Pages(500 words)Case Study

Case analysis

...Case Analysis Finance and Accounting October 25, Market Dispersion: A Case Analysis The study of Campbell, Datar, andSantino deals with organizational structures. More specifically, it refers to the operation of chain stores across regions. The research question in the study is “how do managers respond to challenges of organizational design choices?” The authors deemed it important to study how firms use organizational design as an internal control system. The authors argued that expansion will bring inefficiencies of operation like difficulties of control and transfer of technologies. Headquarters is faced with difficulty of placing a benchmark of performance that would gauge their performances due...
1 Pages(250 words)Case Study

Case analysis

...Case Study, Marketing Case Analysis The case is trying to establish the main problem which is the market entrant, PUR, a small competitor launching different water purification product. PUR’s newly introduced product, a faucet-mounted filter has triggered concern on the part of Charlie Couric of Clorox Company. This is because Clorox and Couric worked together to establish a relevant market for Brita, the brand of water pitcher-and-filter system that was able to gain a remarkable market share over the course of time. The introduced product of PUR is viewed to compete with the brand of Brita. Some argued that the faucet-mount of PUR will disrupt pitcher product Brita, others believed that the product simply is...
1 Pages(250 words)Case Study

Financial analysis

... Financial Analysis to help in acquiring Exterran Holdings Inc The existing business estimates that vertical access into business operations that are downstream or upstream from its current operations will raise the margins in target business and current business from 8% to 12%. Generally, the forecast is margins in transaction earnings of 15% can increase by 1.12 to 17%, and the current revenue stands at $25 billion. From the forecast on income statement made after the acquisition of Exterran Holdings Inc, the venture can be considered profitable. The estimate of growth in sales in financial year 2014 is 9%. This value is less by 4% of what was reported in the last financial year (2013). However, the fall in sales is attributed...
2 Pages(500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Case Study Analysis for FREE!

Contact Us