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IKEA began operating in Sweden in 1943.
The founder of IKEA is Ingvar Kamprad who is from Sweden.
The previous CEO of IKEA is Mikael Ohlsson, replaced by Peter Agnefjall in 2013.
IKEA is a private limited company that own by an organization controlled by Kamprad family.
IKEA is an international home furnishing retailer that sells good quality design in low price furniture, bathroom, kitchen and accessories around the world.
Originally IKEA only sold wallet, pens, watch, picture frame and jewelry.
IKEA has grown to be largest global furniture retailers.
IKEA is cooperating with more than 1,500 suppliers around the world, which is around 50 countries in designing their own furniture.
IKEA trade internationally which have 341 stores in 38 countries. (Germany, United stated, France, Italy, United Kingdom, Sweden, Spain, Canada, Russia, China and others)
The mission of IKEA is “Offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.”
Â The vision of IKEA is ” to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them”
The objective is to produce affordable price of product for the customer who cannot afford to buy expensive product. Ensure the customer found what they are looking for in the store at a low price.
IKEA’s employees are the most valuable resources in the organization.
When employees are productive, it will help increase the growth rate.
IKEA is dedicated in becoming an excellent employer for thousands of employees around the world.
IKEA offers a safe and healthy environment as well as advancement opportunity for every single one of its employees.
IKEA contains human rights and respect for each employee and they work in a living and strong company culture.
Employees value teamwork, modesty, ease, cost-awareness and rational.
They are always ready to learn and improve.
IKEA encourage employees to question accepted solutions, test new ideas and see mistake as a way to grow and develop.
IKEA uses “VOICE” (a company-wide survey) to monitor how the employees opinion on various aspects of their employment at IKEA.
Every year, IKEA will ask employees to fill in the survey to inquire their dissatisfaction and what kind of motivation do they need.
Based on the results from the survey can help to define areas to improve at IKEA.
The “IKEA Leadership Index” quantifies how employees look into their managements.
IKEA continue to provide a safe and healthy working environment for all their employees because the safety of employees and customers is always a main priority at IKEA therefore employees should have an adequate training before they have access to the safety gear and equipments.
All employees within the retailer and distribution must undertake safety training prior to work at IKEA.
Therefore, each IKEA outlet must have a risk manager who is responsible for local safety routines based on the IKEA Group Risk Manual.
IKEA’s employee’s business travels are provided with latest travel-risk information and a 24 hour global emergency service.
IKEA builds strong relationships with employees to make them feel that they belong in their workplace.
Well-functioning internal communication is a process which helps the employee’s ability to perform their tasks, to learn and develop effective leadership.
Every manager has the responsibility to ensure their employees have the ability and tools to receive and understand the information given.
Managers in IKEA receive support from tools and specialists available as part of the basic leadership training programmed.
The IKEA Intranet consists of multi-channel such as newsletters, easily accessible notice boards and plasma screens, regular meetings and closed-circuit radio.
IKEA has a web-enabled service that allows the employer to connect with employees from different countries with limited access to receive news and information about various IKEA activities.
Employees in different ages or different stages in their lives might have different abilities and demand. Therefore, IKEA provide a fair working hour, responsibility, to every employee according to demographics.
IKEA abolish junior pay rate and introduce a new pay structure whereby ensuring one rate of pay each position regardless time with IKEA or age.
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