Sustainable innovation at Nike and IKEA: The DyeCoo business model canvas
Ikea human resources innovation practices case study
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Transcript of Ikea human resources innovation practices case study
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Human Resource Innovation Practises at IKEA
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IKEA ‘S:-
VISION
MISSION
OBJECTIVES
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IKEA - An Introduction
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Recruitment and Selection
• Value Driven• “Assemble your future”
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Increasing Employee’s KSA• Training• Compensation
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Strategies used by IKEA:-
1. Low cost leadership strategy 2. Product strategy 3. Promotion strategy 4. Market development strategy
Core competencies:-
1.Profitability 2.Value chain 3.Brand image 4.Social responsibility5.Sustainable business model
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Recommendations:-
1. The selection based of hiring people should be expanded.
2. Promotion of successful mangers from various countries in order to have cultural similarities.
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Conclusion• IKEA’s innovative human resource management practices has helped build a strong
and nurturing culture that promotes diversity and creativity• In an industry characterized by high turnover, their employee friendly policy has
made IKEA a preferred employer in the retail sector
• Working in line with strategy, its HRM practices has helped in sustaining IKEA’s growth
• In many countries, IKEA is the “Employer of Choice” and globally IKEA is listed as one of the top 50 most attractive employers in 2010
• IKEA has the distinction of being in FORTUNE’s “100 Best Companies to Work For” list for three consecutive years
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