IKEA Case Study Example | Topics and Well Written Essays - 500 words

IKEA - Case Study Example These attributes are the main competitive priorities of IKEA. IKEA own 349 stores which are operating in 43 major countries of the globe. The location of these stores are determined by keeping the easily accessibility of customer to carry on its business with a firm. The other most important factor that IKEA consider while selecting new sites is whether it reduces transportation cost. The most important troupes in the furniture industry are Euro market Designs Inc, Galiform plc, Wal-Mart Stores Inc, Argos and many others. But still IKEA is categorized in world biggest furniture retailer because it is offering modern architectural and interior designs of furniture at a low cost and with best quality therefore it is leading market among existing firms. There are many threats for the new entrants into the furniture industry. A large amount of monetary investment is required to establish a business. After established a business, expertise and skills are required to offer quality products with a discounted price. Time factor is another essential element which plays an important role in building up its image in the market. IKEA is established since 1943. It has successfully built its image in the market. It has its huge investment in various part of globe whereas for new entrant all this required time to get stable and for successfully operating. IKEA has targeted a wide range of customers. As this firm is operating at national level as well as at international level so it has a strong bargaining power among customers. On the other hand buyers have extensive range of products offered by IKEA with respect to quality, price and many other

Principles of Employment Relations Essay Example | Topics and Well Written Essays - 2500 words

Principles of Employment Relations - Essay Example c issue discussed by critics - â€Å"A broad survey of academic studies shows that while unions can sometimes achieve benefits for their members, they harm the overall economy.†(Sherk, 2009). In modern times there are number of concept associated with the existence of Union in various parts of the globe. If one analyzes the present scenario, union’s role in the modern world is of labor cartels. â€Å"A labor cartel restricts the number of workers in a company or industry to drive up the remaining workers wages, just as the Organization of Petroleum Exporting Countries (OPEC) attempts to cut the supply of oil to raise its price.† (Sherk, 2009). To ensure smooth functioning of the companies, top management in various cases agreed upon to pay out high salary to their employees by affecting their overall profit or by increasing the price of their offerings. Economic study finds that a range of activities of the unions might do well to their members but as an issue of concern it constantly harm consumers in general. Not only that, the actions of Union sometimes hampered the job opportunity for the deserving candidate as well. Although there are number of negative point of views about the role played by the unions in the job market, economy and development of the country, there is some positive side as well. In this paper the main objective is to focus on the role played by the union in Australian economy and how the role of the union changes over the duration of time. The Australian Workers Union over the course of time has demonstrated both positive and negative sides of trade unionism. At times unions have bravely opposed to employers and various organizations’ decisions which were against the benefit or the poor workers. As a matter of fact, the Australian union over a long period of time was not interested to get involved into direct bargaining with their employers but was always committed to ensure national wage-fixing practices of Australian industrial