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Globalization - Coggle Diagram
Globalization
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IKEA
They always conduct some research in order to improve their qualitiy of furniture. Their research is continuing in 8 cities worldwide.
Nowadays, company has more than 400 stores around the world they provides services in 40 countries.
Another reason of their success is low prices. They always manufacture lots of goods to keep their prices low.
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IKEA is one of the most significant furniture companies in the world. They have been in a monopoly situation since 2008.
There are some reasons to be successful company: Their dedication on research, their affordable prices and their eco-friendly reputation.
The other essential point for IKEA is sustainability. They are selling their products in flat boxes which use less space and paper and easier to transport.
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In Seoul, they recently planted a tree to celebrate the opining of new store.