This report provides a comprehensive analysis of IKEA's management practices, business challenges, and strategic recommendations. It begins with an introduction to the Competing Values Framework, followed by a profile of IKEA, including its global operations and financial performance. The report then delves into the application of Porter's Five Forces, SWOT, and PESTEL analyses to assess IKEA's competitive position, strengths, weaknesses, opportunities, and threats. Furthermore, it examines IKEA's management approach, highlighting the use of the Human Relations Approach and the Rational Goal Model, as well as leadership styles. The report identifies key business challenges, such as the impact of the COVID-19 pandemic, online selling issues, and inventory management problems. Finally, it offers recommendations to address these challenges and improve IKEA's overall performance, focusing on adapting to opportunities through environmentally friendly products and improved operational efficiency.
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