Global Marketing: An Analysis of IKEA and Ashley Furniture Industries’ Marketing Activities

For ambitious companies in today's complex business environment, in order to acquire a competitive advantage and achieve capacity expansion, in order to build a wider and diverse customer base, international business and to new markets Access is often necessary. However, given the cultural and contextual differences in international markets, internationalization often raises the question of how to establish a business or brand of a company in a foreign market (De Mooij, 1998). Due to the expansion of globalization and the integration of the market and the economy, there is a growing awareness that a wide range of products and services may possess worldwide appeal.

In this report, IKEA has established a competitive advantage at the international furniture competition, focusing on overseas expansion of the global brand IKEA. It has the largest market share, has achieved great success in Europe, and has expanded to the world market in Asia and elsewhere. Analyzing all aspects of China's environment, China is still shown to be the best investment country, but there are still some weaknesses and threats. IKEA, which was chosen as the "100 most valuable brands in the world" list, ranked 28th with a brand value of 12 billion dollars. The IKEA store was established in the most important shopping area of ​​240 stores in Europe, North America, Asia and Africa. IKEA's success in the retail industry is attributed to its extensive experience in the retail market, product differentiation, and cost leadership.

One of the things that makes IKEA the world's most famous global furniture retailer is its marketing strategy. IKEA is a strong prohibition and many people around the world are considering IKEA when considering furniture. An important success of the marketing strategy is the standardization of IKEA. The IKEA stores around the world are very similar, but they all contain the core value of the organization culture. It looks the same and works in all markets. However, the IKEA store has to adapt to the local market. The first criterion is the most important criterion. As a guiding principle, IKEA operates in the same way and is handled the same way in all countries in which it operates. IKEA's strategy is to keep prices as low as possible. This marketing strategy is called product; product range and product price. Each market price must be the same. Product prices should be considered low compared to products found by consumers at other stores.