Strategic management Case Study Example | Topics and Well Written Essays - 250 words - 1

strategical management - Case Study ExampleThe creation of high prize products requires a substantial investment. First, the make-up involve to hire talented designers and other employees. Second, it needs to source for high quality raw materials. Third, it needs to create a process that ensures that the products that are produced are of the highest quality standard possible. IKEA has managed to adopt management practices that degrade its overhead costs. In addition, it has developed sustainable operations. As a result, it is able to create high quality furniture at competitive prices while also remaining profitable.In addition, it is costly for other furniture retailers to create high quality products with excellent design while keeping the price low. Furthermore, building the steel awareness that IKEA has built requires a consistent and expensive marketing effort. As a result, the organization has a competitive advantage over its competitors.The organization has developed an organizational culture that focuses on customer satisfaction. In addition, it has a long record of accomplishment in the furniture business. Consequently, it has developed the supply chain and diffusion channel that is essential for a retailer. Furthermore, it has developed substantial industry