Question: competitive advantage is achieved by creating more value (i.e. driving a bigger wedge between suppliers' costs and customer WTP) than competition. Does IKEA achieve that?

  1. competitive advantage is achieved by creating more value (i.e. driving a bigger wedge between suppliers' costs and customer WTP) than competition. Does IKEA achieve that? How?
  2. Research shows that enduring companies tend to have a clear purpose (reason for existing) or vision. Does IKEA have a clear vision? Has this vision stayed relatively constant over the years? Are the strategy and the activity choices described in the case consistent with the vision or purpose?

(please answer both in detail)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!