The IKEA vision, values and business idea (2024)

Inspired by our vision and driven by our values, we’re passionate about life at home.

The IKEA vision, values and business idea (1)

We bring the IKEA brand to millions of homes, offering well-designed, functional, durable, affordable and sustainable home furnishing solutions to people with big dreams and thin wallets. We’re curious about the world around us, and want to make a positive difference in people’s lives.

The IKEA vision

“To create a better everyday life for the many people.” This vision goes beyond home furnishing. We want to have a positive impact on the world – from the communities where we source our raw materials to the way our products help our customers live a more sustainable life at home.

By sharing what we do, and speaking up for what we believe in, we can be part of positive change in society.

The IKEA business idea

While our vision tells us why we exist, our business idea tells us what we want to achieve. And if you’ve ever visited IKEA, you’ll have probably worked out what our business idea is – “to offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.”

Ingvar Kamprad, IKEA Founder

The IKEA vision, values and business idea (4)

IKEA is not the work of one person alone. It is the result of many minds and many souls working together through many years of joy and hard work.

Ingvar KampradIKEA Founder

The IKEA values

Our values reflect what we consider to be important. So important in fact that we refer to them as one of our “forever parts”. They guide us in our everyday lives at work in everything from how we treat people and the planet to how we make decisions – large or small.

  • Togetherness or “Tillsammans” as we say in Swedish, is a big deal for us. In fact, it’s at the very heart of the IKEA culture. We know we’re at our best when we trust each other, pull in the same direction and, not least, have fun together.

  • We want to be a force for positive change. Our reach gives us the possibility to make a significant and lasting impact – today and for the generations to come. We will continue to offer more sustainably sourced and manufactured products and help people live a more sustainable life at home.

  • We’re constantly challenging ourselves and others to make more from less without compromising on quality. Every day, everywhere, we do our best to discover and eliminate unnecessary costs, because low prices are impossible without low costs.

  • A simple, straightforward and down-to-earth approach is part of our heritage. In our world, simplicity means efficiency and doing what comes naturally. We say “no” to complicated solutions and see bureaucracy as our greatest enemy.

  • We believe that whatever we are doing today, we can do a bit better tomorrow. To us there is no such thing as impossible. In fact, finding solutions to “impossible” challenges is what made us successful.

  • We are not like other businesses, and we don’t want to be. We want to challenge conventions and drive positive changes in our industry and sometimes even in the world. We are restless doers, driven by curiosity, enthusiasm and a desire to create a better world.

  • We make a point of giving people a lot of responsibility early on in their IKEA journey. We believe in empowering people and in the power of the individual who wants to grow. And each one of us grows with bigger and more challenging tasks.

  • To us, leadership is an action, not a position. We give people’s values as much weight as their competence and experience. People who “walk the talk” and lead by example.

The IKEA vision, values and business idea (2024)

FAQs

What are IKEA's vision mission and values? ›

To create a better everyday life for the many people, this is the IKEA vision.” Our mission as a business is „to offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.” Our vision also goes beyond home furnishing.

What are IKEA's values? ›

The 8 IKEA Key Values
  • Togetherness. Togetherness is at the heart of the IKEA culture. ...
  • Caring for people and planet. We want to be a force for positive change. ...
  • Cost-consciousness. ...
  • Simplicity. ...
  • Renew and improve. ...
  • Different with a meaning. ...
  • Give and take responsibility. ...
  • Lead by example.

What are Ikeas' business goals? ›

IKEA aims to offer a wide range of well-designed, functional home furnishing products at prices so low, that as many people as possible can afford them. You can read more about how we work here.

What is the idea of IKEA? ›

To create a better everyday life for the many people

It is achieved by combining function, quality, design and value - always with sustainability in mind. The IKEA Concept exists in every part of our company, from design, sourcing, packing and distributing through to our business model.

What is mission values and vision business? ›

The mission statement communicates the purpose of the organization. The vision statement provides insight into what the company hopes to achieve or become in the future. The values statement reflects the organization's core principles and ethics.

What is IKEA's business strategy? ›

Through these initiatives, Ikea aims to become a home away from home for consumers worldwide. It is controlling its environment to give greater comfort and security to people in the community. By being more present in the communities it serves, it will nurture a greater sense of belonging among customers.

What are IKEA values lead by example? ›

Lead by example

We look for people's values before competence and experience. People who 'walk the talk' and lead by example. It is about being our best self and bringing out the best in each other.

What are the five principles of IKEA? ›

We strive to create products and solutions that meet all five dimensions of design, form, function, low price, sustainability and quality. We call this Democratic Design. Why? because everyone has the right to a better, and brighter, everyday life.

What is IKEA perceived value? ›

The IKEA effect is a cognitive bias where individuals place a higher value on products they partially created. To apply the IKEA effect, consider ways to involve users in the design process.

What is IKEA's business theme? ›

How they do it: IKEA's stores and products are all designed around the theme ”Nordic living”. Products are named with Swedish words and the food offered in the IKEA restaurants and grocery stores is mainly Swedish as well. Hence IKEA products and product names have a high recognition value.

What are IKEA's goals for the future? ›

“We're moving into a future where waste is the raw material. It's about designing from the bottom up, and thinking in components,” he says. IKEA are committed to being 100% circular by 2030.

What is IKEA business plan? ›

The IKEA business plan is: “We offer a wide range of products for the home, which are functional, of good design and accessibly priced for most people”. Did you find this useful?

What is IKEA vision? ›

To create a better everyday life for the many people.” This vision goes beyond home furnishing. We want to have a positive impact on the world – from the communities where we source our raw materials to the way our products help our customers live a more sustainable life at home.

What is IKEA's value proposition? ›

Value Proposition:

Affordable, functional furniture solutions. Wide range catering to various needs. DIY assembly reduces costs, provides satisfaction.

What is IKEA's unique selling point? ›

IKEA Unique Selling Proposition Examples

The globally known Swedish-origin furniture and hardware company, IKEA, has a USP that focuses on benefiting customers through high-quality furniture for a low price. "To create a better everyday life for the many people." is their USP. IKEA's vision goes beyond home furnishing.

What is the brand mission vision purpose values? ›

While your vision explains where your business is going, and your mission talks about what you're doing to get there, your values are all about how you're going to operate and act along the way. For example, Patagonia's brand values are: Build the best product. Cause no unnecessary harm.

What is an organization's mission and vision statement? ›

What are mission and vision statements? A mission statement defines the organization's business, its objectives, and how it will reach these objectives. A vision statement details where the organization aspires to go. Why does your company exist? What do you hope to accomplish in the next several years?

What is the mission statement of the Ikea Foundation? ›

Now that you know the basic summary of the Ikea Foundation, it's essential to understand its mission. The primary mission of the Ikea Foundation is to improve the lives of vulnerable children by enabling their families to create sustainable livelihoods, and to fight and cope with climate change.

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