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Essay heading: Low Pricing Strategy
Essay specific features
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Miscellaneous |
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| Date added: |
October 22, 1998 |
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| No of pages / words: |
4 / 907 |
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0 times |
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Essay content:
If IKEA can not capture what US customers want, its offerings will become “low price and no meaning”. IKEA already listens to US customers’ needs but it should focus more on local market point of view.
Challenges in America
- Reluctance to change furniture: mind set of Americans
Americans typically have the mind-set that furniture should last a life time, which is not in-line with IKEA’s value that does not include durability in its products... displayed 300 characters
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Thus to increase market share in America, IKEA must change the American’s attitude towards furniture as something fun and disposable, furniture is something that add value to lifestyle without incurring too much cost.
- Value added in high-end furniture retailer
As in IKEA motto: low price, there is no delivery and credit services offered... displayed next 300 characters
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