IKEA Organizational chart: CEO Micheal ohlsson CFO Legal Asia paciQic Vice President Industry I D Soren Hansen Christer Thordson Ian Duffy Hans Gydell Goran Stark . New stores, refurbishments and other investments were funded with our own cash flow. Good profit level: Sales increased to 23.1 billion EURO in fY10, an increase of 7.7 compared to the previous year. No credit losses were incurred during this period. The assets are for a significant part funded through equity, with the equity ratio increasing to 55 by August 31, 2010. Total equity amounted to 22.8 billion EURO on August 31, 2010. Ingvar used every opportunity to reduce costs, and he scraped and saved in every way possible - except on ideas and quality. The name IKEA comes from the initials of Ingvar Kamprad, I and K, plus the first letters of Elmtaryd and Agunnaryd, which are.
The growth came both from existing stores, which grew by 2.4 and new stores. Sales grew in almost all countries, with China, Russia and Portugal showing the strongest increase. Gross margin improved to 46.1 from 44.6 in fY09.
We do our part, you do yours. Together we save money." by Osama Albarrak. All rights reserved 3 4. Objectives of IKEA : - To produce cheap and affordable product for the public/customers. The total 2011 by Osama Albarrak. All rights reserved 7 8. investment in tangible fixed assets amounted to 2.1 billion EURO, staying flat compared to the previous year. Our securities portfolio grew by 2.5 billion EURO during fY10 to 15.2 billion EURO. All rights reserved 5 6. Balance Sheet Equity Liabilities Group equity: 2010: mln More stores more equity by Osama Albarrak. All rights reserved 6 7. In Smland, although the soil is thin and poor, the people have a reputation for working hard, living frugally and making the most out of limited resources. So when Ingvar started his furniture business in the late 1940s, he applied the lessons he learned in. Financial net decreased due to lower net interest income, partly compens-ated by higher currency results. The effective tax rate increased from 13.2 in fY09 to 17.6 in fY10. The increase in effective tax is primarily due to higher taxable profits in countries with higher nominal. Financial Analysis: FY10 was an unpredictable year with the effects of the financial crisis in 2009 still a reality for many of our customers. The conditions in our markets ranged from favorable to difficult. By Osama Albarrak. All rights reserved 2 3. Vision: IKEA vision statement is "To create a better everyday life for the many people." Mission: IKEA mission statement is "To offer a wide range of well designed, functional home furnishing products at prices. - Better life for those who cant afford expensive products. - Ensure the customer finds what they are looking for in store. - Low prices. SlideShare Explore You IKEA Strategic case study analysis. Upcoming SlideShare Loading in 5 Like this document? Why not share! Email 16 Comments 66 Likes Statistics. Notes Filomena Tomas 1 week ago Maxine Gordon-King, Accounts Receivable at Integrated Regional Laboratories at Integrated Regional Laboratories 1 month. As of August 2009, the chain has 301 stores in 37 countries, most of them in Europe, North America, Asia and Australia. History: The IKEA Concept began when Ingvar Kamprad, anentrepreneur from the Smland province in southern Sweden, had an innovative idea. Louise Erdrich was born in 1954, in Little Falls, Minnesota and grew up in. examine complex familial and sexual relationships among full and mixed blood. Native. Description: Collection of links to biographical and critical sites about. Erdrich. Write essay descriptive for me online California - online. I essay Read more: Write my essay cheap - Only High Quality Custom Writing And right now just think about this one assignment almost has me in trears, Best mba essay writing service. Despite media portrayals of Fisher as somehow more "moderate" than Bernanke and Yellen, a look at his past statements and background shows that he is just as much as an inflationist as his prize pupil (experts from Mr. Competition can also lead to an increase in customer acquisition and retention costs. The focus of competition in many of our markets has shifted from acquiring new customers to retaining existing customers, as the market for mobile telecommunications has become increasingly mature. Sales increase: 2.4. Overall sales: 7.7. Balance Sheet - Assets Assets: 2009 2010: 37,1 bln 41,3 bln ( 4168 mln ) Property, plan and equipment: 2009.
SlideShare Explore You IKEA Strategic case study analysis. Upcoming SlideShare Loading in 5 Like this document? Why not share! Email 16 Comments 66 Likes Statistics. Notes Filomena Tomas 1 week ago Maxine Gordon-King, Accounts Receivable at Integrated Regional Laboratories at Integrated Regional Laboratories 1 month.
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After you ve done your research, test driven a few different models and picked out the new car you want to take home, it s time to brush up on your negotiating skills. Prerequisites: ECON 203, ECON 204 or ECON 150, CIS 227. ECON 412.
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