Discover the possibilities!
Marketing: IKEA is one of the strongest brands in the world. And this is despite the fact that the furniture retailer spends very little on advertising compared to Coca-Cola, McDonald’s, and Nike. Ronald Jungbluth explains why.
Marketing Ikea is one of the strongest brands in the world. And this despite the fact that the furniture store spends little on advertising compared to Coca-Cola, McDonald's and Nike. Ronald Jungbluth explains why: Are you still living or are you already living? More and more people are answering this question with a resounding "I'm alive!" In the 2005/2006 financial year, which ended at the end of July, 454 million Ikea fans made a pilgrimage to one of the 221 blue and yellow cathedrals to pay homage to the brightly painted chipboard and light-colored solid wood furniture. After McDonald's, Ikea is the world's most successful franchise model. Year after year, sales have increased against the industry trend to almost 24 billion francs. It all started very modestly 63 years ago.Sweden's Scrooge McDuck1943. Because his parents' farm was so remote, 17-year-old schoolboy Ingvar Kamprad set up a mail order business in Elmtaryd near Agunnaryd. An uncle had to sign the company entry for him because Ingvar was still a minor. Ikea was initially a general store: Kamprad shipped everything from fountain pens to wallets. But when the first piece of furniture, an armchair, triggered a lively demand, he proved his business acumen, quickly expanded the business and limited himself to furniture. With success.
This success has never gone to Kamprad's head. Although, according to Forbes, only five people are richer than him, he doesn't behave like one. On the contrary: he is considered modest, thrifty, even stingy. The mayor of Epalinges in Vaud, where Kamprad has lived for many years, has also been annoyed by this. His childhood as a small farmer, somehow reminiscent of Astrid Lindgren's Bullerbü idyll, left its mark on the 80-year-old billionaire. For Rüdiger Jungbluth, this is one of the reasons why Kamprad was and is so successful with Ikea.
Analysis instead of biographyRüdiger Jungbluth has written more than just another biography of Ingvar Kamprad. In "The 11 Secrets of Ikea's Success", he attempts to analyze why Ikea is not only an extraordinary furniture store, but above all an extraordinarily successful one. He succeeds in this because, as a business journalist, he is good with words as well as figures and knows a thing or two about marketing. Nevertheless, he doesn't reveal any real secrets in his book - not because he can't, no, because there aren't any.
The factors that decide between successful and less successful people, brands or companies are always the same.
And yet there is something different about the crazy furniture store from Sweden: no other brand in the world is so strongly linked to the person behind it. Ikea is Ingvar Kamprad, Ingvar Kamprad is Ikea. That is what others can learn from Kamprad. The man is credible, even though - or precisely because - he is so contradictory. Jungbluth describes him as a capitalist with social democratic ideals.
Roger Hausmann
> The 11 secrets of IKEA's success by Rüdiger Jungbluth; Campus Verlag, Frankfurt, 2006, 288 pages, 43.70 francs.
This success has never gone to Kamprad's head. Although, according to Forbes, only five people are richer than him, he doesn't behave like one. On the contrary: he is considered modest, thrifty, even stingy. The mayor of Epalinges in Vaud, where Kamprad has lived for many years, has also been annoyed by this. His childhood as a small farmer, somehow reminiscent of Astrid Lindgren's Bullerbü idyll, left its mark on the 80-year-old billionaire. For Rüdiger Jungbluth, this is one of the reasons why Kamprad was and is so successful with Ikea.
Analysis instead of biographyRüdiger Jungbluth has written more than just another biography of Ingvar Kamprad. In "The 11 Secrets of Ikea's Success", he attempts to analyze why Ikea is not only an extraordinary furniture store, but above all an extraordinarily successful one. He succeeds in this because, as a business journalist, he is good with words as well as figures and knows a thing or two about marketing. Nevertheless, he doesn't reveal any real secrets in his book - not because he can't, no, because there aren't any.
The factors that decide between successful and less successful people, brands or companies are always the same.
And yet there is something different about the crazy furniture store from Sweden: no other brand in the world is so strongly linked to the person behind it. Ikea is Ingvar Kamprad, Ingvar Kamprad is Ikea. That is what others can learn from Kamprad. The man is credible, even though - or precisely because - he is so contradictory. Jungbluth describes him as a capitalist with social democratic ideals.
Roger Hausmann
> The 11 secrets of IKEA's success by Rüdiger Jungbluth; Campus Verlag, Frankfurt, 2006, 288 pages, 43.70 francs.
