The document outlines 6 questions for discussion about IKEA's expansion in America: 1) factors for IKEA's success and value proposition vs competitors; 2) downsides of shopping at IKEA and thoughts on IKEA's vision statement; 3) improving IKEA's value proposition; 4) whether IKEA should change its product strategy and expand its lineup; 5) opening smaller "IKEA lite" stores; and 6) identifying other brands with similar strategies to IKEA.
The document outlines 6 questions for discussion about IKEA's expansion in America: 1) factors for IKEA's success and value proposition vs competitors; 2) downsides of shopping at IKEA and thoughts on IKEA's vision statement; 3) improving IKEA's value proposition; 4) whether IKEA should change its product strategy and expand its lineup; 5) opening smaller "IKEA lite" stores; and 6) identifying other brands with similar strategies to IKEA.
The document outlines 6 questions for discussion about IKEA's expansion in America: 1) factors for IKEA's success and value proposition vs competitors; 2) downsides of shopping at IKEA and thoughts on IKEA's vision statement; 3) improving IKEA's value proposition; 4) whether IKEA should change its product strategy and expand its lineup; 5) opening smaller "IKEA lite" stores; and 6) identifying other brands with similar strategies to IKEA.
The document outlines 6 questions for discussion about IKEA's expansion in America: 1) factors for IKEA's success and value proposition vs competitors; 2) downsides of shopping at IKEA and thoughts on IKEA's vision statement; 3) improving IKEA's value proposition; 4) whether IKEA should change its product strategy and expand its lineup; 5) opening smaller "IKEA lite" stores; and 6) identifying other brands with similar strategies to IKEA.
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)
IKEA Invades America: Case Questions
1) What factors account for the success of IKEA?
a. In terms of its value proposition how does IKEA compare to some of its competitors? 2) Despite its success there are many downsides of shopping at IKEA. What are some of the downsides? IKEA’s vision statement (in Figure C of the case) describes how the company seeks to build a partnership with its customers. What do you think of this vision statement? 3) How would you improve IKEA’s value proposition to make it even more attractive to American consumers? 4) To achieve the kind of growth IKEA is hoping for, should the company change its product strategy? If so in what way(s)? What about its product range- are there limitations to the matrix approach? Should the company expand its product lineup to include a greater number of styles and price points? In what other ways should the company consider changing its product lineup? a. Discuss the advantanges/opportunities of IKEA extending its product line up. b. Discuss the disadvantages/challenges of IKEA extending its product line up. 5) Some industry observers have suggested that IKEA should open a number of smaller, satellite stores across the US (e.g. in shopping malls, strip malls etc.) By offering a limited range of IKEA products, these “IKEA lite” would presumably give consumers who do not otherwise have access to a full size IKEA the opportunity to experience the brand. In addition, consumers who do not live near an IKEA would be able to use these mini outlets to make minor changes (e.g. purchase a set of mugs, as opposed to an entire living room set). Do you agree with this idea? Why or why not? 6) Identify other brands that have a similar positioning strategy with IKEA? (Low price, limited product line, unique product offering)