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    Ikea Edition 14 Lesson Suggestions PDF

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    hani barakat
    This document provides a lesson plan for analyzing IKEA using a SWOT analysis. It includes definitions of various business terminology and has students link the terms together in a paragraph about IKEA. The document also includes questions about IKEA's strengths, weaknesses, opportunities, threats and sustainability practices. Additional resources are provided on IKEA's products, conducting SWOT analyses, and business theory.

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    Ikea Edition 14 Lesson Suggestions PDF

    Uploaded by

    hani barakat
    91 views2 pages
    This document provides a lesson plan for analyzing IKEA using a SWOT analysis. It includes definitions of various business terminology and has students link the terms together in a paragraph about IKEA. The document also includes questions about IKEA's strengths, weaknesses, opportunities, threats and sustainability practices. Additional resources are provided on IKEA's products, conducting SWOT analyses, and business theory.

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    This document provides a lesson plan for analyzing IKEA using a SWOT analysis. It includes definitions of various business terminology and has students link the terms together in a paragraph about IKEA. The document also includes questions about IKEA's strengths, weaknesses, opportunities, threats and sustainability practices. Additional resources are provided on IKEA's products, conducting SWOT analyses, and business theory.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    91 views2 pages

    Ikea Edition 14 Lesson Suggestions PDF

    Uploaded by

    hani barakat
    This document provides a lesson plan for analyzing IKEA using a SWOT analysis. It includes definitions of various business terminology and has students link the terms together in a paragraph about IKEA. The document also includes questions about IKEA's strengths, weaknesses, opportunities, threats and sustainability practices. Additional resources are provided on IKEA's products, conducting SWOT analyses, and business theory.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    THE TIMES 100

    Edition 14

    IKEA: SWOT analysis and sustainable business planning


    Lesson plan

    Content area
    · Strengths
    · Weaknesses
    · Opportunities
    · Threats

    Method
    This resource can be used for general classwork, homework or learning skills for investigation.

    It is a good simple exercise in bringing the various terminologies together in understanding what it
    means, and how it can be used in context. This allows the pupils to bring out more in discussion
    and understand that the topics covered in Business Studies are not insular. The outcome will be
    by differentiation.

    First Activity:

    Using the case study and any other resources, define the following words:
    Multinational Company; Primary sector; Secondary sector; Tertiary sector; job production; batch
    production; flow production; lean production; product range; product mix; diversification; new
    product development; franchisor; franchisee; market share; consumer; employees; stakeholders;
    channel of distribution; sourcing; pricing strategy; market segment; target market; product
    orientated; market orientated; service sector; retail sector; private costs; private benefits; social
    costs; social benefits; external influences; sustainability; environment; PR; corporate social
    responsibility; communication; green targets; carbon footprint; strategy; objectives; tactics;
    mission statement; vision; SWOT analysis; brand; organisational structure; lean production;
    quality circles; quality assurance; quality control; kanban; kaizen; location; key performance
    indicators; benchmarking; recycling; renewable materials; economies of scale; price elasticity;
    green products; landfill; legislation; IWAY code; profitability; net profit; gross profit; ROCE; USP;
    differentiation; social trends; competition; disposable income; staff training; barriers to entry;
    opportunity cost.

    Second Activity

    Once you have completed the definitions link the following words together to form a paragraph.
    The words do not necessarily have to be in any order but must be in context of IKEA.

    Downloaded from The Times 100 Edition 14 - http://www.thetimes100.co.uk


    THE TIMES 100
    Questions

    1. What does SWOT analysis mean?


    2. Why is it important for an organisation like IKEA to do a SWOT analysis?
    3. Who should carry out the SWOT analysis in IKEA?
    4. How has IKEA managed to achieve such rapid growth?
    5. On average how many customers have been to each of the IKEA stores?
    6. What was the average spend per customer in each store?
    7. What are IKEA’s strengths?
    8. What are IKEA’s weaknesses?
    9. What are IKEA’s opportunities?
    10. What are IKEA’s threats?
    11. How has IKEA put up the barriers to entry for smaller businesses?
    12. How has IKEA focused on sustainability?

    Activities
    · Using the case study and the IKEA online catalogue, find 10 products that are
    environmentally friendly.
    · Using the various theory from textbooks, Times100 case study on IKEA and other
    sources, produce a revision / learning guide on SWOT analysis.
    · Find 10 interesting facts about IKEA.

    Other resources
    · MP3 download of the full case study
    · Summary of the case study – 500 words
    · Brief of the case study– for lower ability pupils
    · Interactive online quizzes
    · Revision theory:
    http://www.thetimes100.co.uk/theory/theory--market-research--315.php
    http://www.thetimes100.co.uk/theory/theory--employee-participation--310.php
    http://www.thetimes100.co.uk/theory/theory--production-quality--339.php
    http://www.thetimes100.co.uk/theory/theory--production-process--254.php
    http://www.thetimes100.co.uk/theory/theory--lean-production--252.php
    http://www.thetimes100.co.uk/theory/theory--social-other-opportunities-constraints--332.php

    · Subscribe to the weekly newsletter: Keep up-to-date with current business including
    lesson plans and activity ideas. www.thetimes100.co.uk

    Downloaded from The Times 100 Edition 14 - http://www.thetimes100.co.uk

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