This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 9/6/08 10:41 Page 1 www.thetimes100.co.uk Building a sustainable supply chain
It is easy to think about the present without considering the future. Consumers want more
goods and services to improve their standard of living. The problem is they make choices
about goods and services that have long-term consequences for the environment. In our
modern world, organisations need to show responsibility. This means that they use resources
efficiently, do not harm the environment and consider how what they do affects the ability of
future generations to meet their needs.
IKEA aims to be a responsible organisation. It sells low-price home furnishing products
around the world. These include furniture and accessories for kitchens, bedrooms, living
rooms, bathrooms and children’s rooms. IKEA now has stores in 36 countries around the
world. It has come a long way in its 60 years of business. CURRICULUM TOPICS
• Supply chain
• Primary sector of industry
• Secondary sector of industry
• Tertiary sector of industry GLOSSARY
Vision: the setting out of a
pathway or picture that identifies
what leaders of an organisation
wish it to become.
Sustainable: the ability to provide
goods and services for consumers
now, without damaging the ability
of future generations to meet their
Turnover: sales of goods and/or
services. The direction for the organisation is provided by its vision. This acts as a guide for
everybody within and outside the organisation about what IKEA wants to achieve. IKEA’s
vision is ‘To create a better everyday life for the many people.’ To meet this vision IKEA
provides many well-designed, functional products for the home. It prices its products low so
that as many people as possible can afford to buy them.
However, in creating low prices IKEA is not willing to sacrifice its principles. ‘Low price but
not at any price’ is what IKEA says. This means it wants its business to be sustainable.
IKEA supplies goods and services to individuals in a way that has an overall beneficial effect on
View Full Document
This note was uploaded on 09/29/2011 for the course MGT 3501 taught by Professor Chang during the Fall '10 term at Georgia Tech.
- Fall '10