IKEA is a private limited company that own by an organization controlled by Kamprad family. IKEA believes that home is the most important place in the world and children its most important people. Inter IKEA Group itself reached total revenues of EUR 23.7 billion (including wholesale sales to retailers, franchise fees and the retail sales of the IKEA … The Sweden market still has high sales (8%) and high purchasing (12%). Relating and Supporting Industries of IKEA’s National Competitive Advantage IKEA Supply Net Worldwide In general, IKEA does not manufacture its own products, but works through a complex network of suppliers around the world. The Early Years. IKEA is an international home furnishing retailer that sells good quality design in low price furniture, bathroom, kitchen and accessories around the world. The company is owned by founder Ingvar Kamprad's Netherlands-based charitable foundation, Ingka Holding B.V. 2.0 ikea company profile In the south of Sweden, IKEA founder Ingvar Kamprad was born and grew up on the farm Elmtaryd, parish of Agunnaryd in Smaland. IKEA was founded in 1943 in Sweden by Ingvar Kamprad. IKEA, home furnishings retailer that was the world’s largest seller of furniture in the early 21st century, operating more than 300 stores around the world. Founded seven decades ago in Småland, southern Sweden by Ingvar Kamprad, today IKEA Group has 422 IKEA stores in more than 50 markets. Since its inception, the IKEA company vision has been to create a better everyday life for the many people by offering a wide range of well-designed, functional home furnishings at prices so low that as many people as possible can afford them. Kamprad was born in 1926 as the son of a farmer in Småland, a region in southern Sweden. IKEA is a company engaged in a wide range of market research carried out at the global and local marketing personnel employed by the company, as well as an independent market research firm.IKEA invested heavily in R;D, it is not only the product, but also the environment in which it is sold. Swedish Furniture Giant IKEA Case Study The points of the Porter’s Diamond are described as four broad attributes. IKEA Group owned by Stichting INGKA Foundation is the largest furniture and home appliances manufacturer and retailer in the world. IKEA franchisees purchase products from Inter IKEA Group companies and pay a franchisee fee based on retail sales. And these attributes promote or impede the creation of competitive advantage. • As a world famous international company, IKEA is like a fresh air in to new target markets such as: Middle East Australia and China market. The demand is still high in Sweden where IKEA original comes from. COMPANY PROFILE www.riztechnology.com 1997SINCE. 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