Leadership at Ikea - 651 Words

Case Study Ingvar Kamprad shows he is a manager, in which he advocates stability and the status quo, by the personality of conceptions at work. He takes his ideas and those of his employees and uses them to further IKEA’s success. He proves himself as a leader, where he advocates for change and new approaches to problems, by using a leader attitude toward goals and relationships with others. He worked hard to build the company and achieve success through his ideas and thriftiness because he believed there were no guarantees to success without hard work (Nelson, D.L. Quick, J.C. 2011). The nature of followership that Kamprad seems to have encouraged at IKEA is that of effective followers. His employees must be active,†¦show more content†¦This is a powerful, unique gift he had. He accomplishes all these by using his life experiences â€Å"moments that matter† to arouse and motivate his employees which benefits the employees because of IKEA’s growth. The suc cess of IKEA would not be what it is without the challenges and experiences he went through (Nelson, D.L. Quick, J.C. 2011). Key leadership lessons provided by Kamprad’s experiences indicate a path-goal theory which is based on an expectancy theory of motivation. Kamprad is clear in his goals and what he wants the employees to do and achieve. By stating that â€Å"wasting resources is a ‘mortal sin’,† he is direct and participative in achieving his goals. His history shows this. Having the employees share a hotel room while traveling is an example. He demonstrates an achievement-oriented style by setting these challenging goals for his employees and shows he believes they can achieve great things (Nelson, D.L. Quick, J.C. 2011). Taking what I have learned through my experiences, I need to motivate and encourage those that I reach. I don’t have direct authority over anyone, but I do have the power to influence many in doing things that are required of them relating to requirements of my position. We are looking for a win-win situation so knowing how to reach these people in a way that I encourage them to be active in finding solutions isShow MoreRelatedThe Strategy Adopted by Ikea1451 Words   |  6 Pagesstrategy adopted by IKEA, and how it successfully did the positioning. *** At business level strategy Focus Strategies By implementing a cost leadership or differentiation strategy, IKEA choose to compete by exploiting their core competencies on an industry-wide basis and adopt a broad competitive scope. Alternatively, IKEA can choose to follow a focus strategy by seeking to use their core competencies to serve the needs of a particular customer group in an industry. 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Ikea is an international organization IKEA is a householdRead MoreStrategy Case Study – Ikea1448 Words   |  6 PagesRunning head: Strategy Case Study - IKEA Strategy Case Study – IKEA Lu, Jung-Fong Abstract The vision of IKEA (Ingvar Kamprad Elmtaryd Agunnaryd) is a little ahead from the typical style of earning profits merely. They have come up with the idea of making partnerships with their customers and ensuring them high quality of products at very affordable prices. This has been, practically, quite successful and led new ways to the modern business world. However, this can only be successful if theRead MoreIke A Worlds Largest Furniture Retailer1253 Words   |  6 PagesCase Summary IKEA is a multinational organization that designs and sells ready-to-assemble furniture, appliances, and home accessories. Founded in Sweden during the early 1940s by Ingvar Kamprad under the Stitching INGKA Foundation, IKEA ranks #45 on Forbes 2015 list of the world’s most valuable brands and ranked 269th as America’s Best Employers. It pioneered the flat pack design furniture at reasonable prices and had fast become one of the world’s largest furniture retailer. As of May 2015, ForbesRead MoreCase Study of IKEA, the Largest Furniture Retailer in Sweden1388 Words   |  6 PagesBy the early 1970s IKEA had established itself as the largest furniture retailer in Sweden. What was the source of its competitive advantage at that time? IKEA was formed by Ingvar Kamprad in 1943 in Sweden, when he was only seventeen years old. The acronym stands for all the letters related to Kamprad, such as his first and last names initials, his farm where he grew up on, Elmtayrd, and the parish he went to, Aggunayrd. It started off as a furnishing company whose specialization was home products