Business organizations focus on putting in place important strategies where it is possible to achieve a highly integrated and flexible business environment where it is important to understand key issues, which define business operations. IKEA has been well engaged into the furniture industry through strategic developing of important processes, which have been influential in improving the company market share as well as having a successful expansion strategy, which has achieved a high level of success. Business intelligence is one of the critical modern technological approaches, which focus on data to derive important aspects, which define business development (Baier, Rese & Schreiber, 2016).
Ikea furniture Production Company has significantly integrated essential business intelligence elements, which have focused on creating a highly diversified business environment where it is possible to achieve a greater level of organizational success through review of its functional strategies, which aim at creating a diverse focus on key business concepts, which define business change. The market research strategies that the company has put in place have focused on creating a unique business environment where it is possible for the company to achieve an improved business development. Business customers are influential to the company growth and thus they are major drivers of effective business development (Yu et al., 2016).
Opportunity for Improvement
Improvement of business intelligence should focus on customer engagement where it is possible to achieve a greater level of organizational performance where it is possible to understand better ways to engage the market effectively. Customer relationship management is one of the basic aspects that an organization must consider in creating a highly engaged workplace environment where it is possible to achieve a greater level of organizational success.
The integration of effective customer relationship management practices create a better environment where it is possible to achieve a higher level of organizational success based on customer satisfaction. The CRM practices that have been included in these companies define the level of customer satisfaction as described in the framework. The underlying customers’ needs must be effectively evaluated in order to create a highly engaged and transformed operational environment where it is possible to achieve an improve level of organizational success based on the approaches that are integrated (Yu et al., 2016).
The furniture industry has been significantly influenced by the many campaigns, which have sought to control the rate of deforestation, which in turn limits the access of raw materials, which is detrimental to the industry and company development. Controlling these risks requires significant compliance while ensuring that tree planting campaigns are organized to control the negative influence of deforestation which lives the earth surface largely exposed to global warming and other environmental harms.
|Answers Hidden in the BOI’s Data|
|Question||Course of Action|
What are the current performance levels of the company
|Course of Action #1
Review the company sales and expenses data
Re the company employee performing based on the underlying guidelines
|Course of Action #2
Assessment and evaluation of the company employees
The company has sought to focus significantly on its expansion strategy, which have created a highly diversified business environment where it is possible to achieve a greater level of organizational success. Therefore, the need to understand the influence of the key processes that are integrated within business will be strategically focused on the ability of system. The application of economic strategies provide a greater understanding on the need to cooperate with key stakeholders within business turmoil
The company has revolutionized its operational environment through integration of strategy. The company performance levels have been highly transformed by integration of technology where it is possible to achieve a greater level of business development. Management processes, distribution strategy and supply chain process have been modernized to achieve an improved business performance. The selected committee in this case bases resistance on poor communication.
The company is highly flexible and thus the ability to remain a market leader within furniture industry is based on the ability of an organization to achieve a greater level of performance. These strategies have highly focused on creating a diverse business development process.
Scheduling within the company has been an important aspect, which is defined by effective planning. Effective supply chain has ensured that the company is able to achieve a greater level of success. Therefore, the company development is based on the ability to integrate important process, which define business development.
The company has focused on ensuring high level of compliance on important legal guidelines, which define business development environment. Legal responsibilities as explained in this case provide a greater understanding on the need to obey the law through compliance. The laws that are put in place such as environmental protection laws have significantly focused on creating a highly secure environment where it is possible to concentrate on other important elements, which define organizational relation within the government as well as regulatory authorities (Lindh & Ekman, 2016).
Political issues are crucial and have a detrimental influence on societal wellbeing since it is important to understand that they are interlinked with social issues, which have been significantly integrated within workplace setting.
Management of is components allow strong organizational support since many of the of these components influence company performance directly.
Is components are essential components, which are crucial in shaping the underlying focus where it is possible to achieve a higher level of understanding of critical organizational structures. The five major components that are included in this case include Hardware, Software, Data, procedures, and people.
· Home decor2
|· Inventory database3
· Supply chain management software4
|· Chief operating officer9
· Chief financial officer10
· Operations manager11
· Inventory manager12
|Item||Type||Description & Notes|
|1 Furniture||1Hardware||The company is mainly engaged in the production of furniture to a wide range of customers.|
|2 Home Decor||2Hardware||Home décor produced by the company include decoration material, lighting, cabinets among others|
|3Inventory database||3Software||It is tasked with monitory inventory within the company to ensure sufficient production process|
|4 Supply chain management software||4 Software||Tasked with the management of company supply chain process to improve company operations.|
|5Sales||5Data||Highlights crucial information regarding the company performance across its stores|
|6Expenses||6Data||Monitors the company costs|
Challenges are bound to occur within a business environment and thus it is important to achieve a greater level of focus on improving business performance. The key processes that have been considered in this case aim at achieving a greater level of organizational success. Management of challenges within business development should be focused on achieving a greater. Developing strong management provide a significant evaluation on the input which is assessed to shape business performance levels (Lindh & Ekman, 2016).
Custom Software Development
Employee management software development will provide a critical environment where it will be possible to manage employee performance levels across all the company stores with a key objective to improve company performance levels.
The human resource department and the information technology department can help in achieving a greater level of organizational success where it is possible to achieve a greater level of organizational success. Collective effort is important in this case since it shapes business development successfully.
Greatest Feasibility Challenge
Adaptability to the change concept is difficult and thus there is need to ensure that there is a greater focus on organizational success as well as the input from other major stakeholders.
Managing IS in a Global Context
The company operates within a diverse international environment where there has been significant consideration where it is possible to achieve a greater level of organizational success. The existing cultural differences across different countries create a highly transformed business operational environment (Jakobsson & Fosse, 2014).
Baier, D., Rese, A., & Schreiber, S. (2016). Analyzing online reviews to measure augmented reality acceptance at the point of sale: the case of IKEA. In Mobile Computing and Wireless Networks: Concepts, Methodologies, Tools, and Applications (pp. 1714-1736). IGI Global.
Jakobsson, J., & Fosse, N. (2014). A Project Management Information System with Key Performance Indicators in a Multi-Project environment-An action research with IKEA AB.
Lin, E. C. H., Shih, Y. C., & Chang, R. C. (2016, July). A Research on Integrating AR and Multimedia Technology for Teaching and Learning System Design. In International Conference on Frontier Computing (pp. 725-731). Springer, Singapore.
Lindh, C., & Ekman, P. (2016). Integration of Information Technology in Business Relationships: Implications for the Extended Network. In Extending the Business Network Approach (pp. 177-191). Palgrave Macmillan, London.
Yu, Y., Wang, X., Zhong, R., & Huang, G. Q. (2016). E-commerce logistics in supply chain management: Practice perspective. In CARV2016–6th International Conference on Changeable Agile Reconfigurable Virtual Production. Elsevier: Creative Commons Attribution Non-Commercial No-Derivatives License.