In many ways IKEA's organization and management
practices reflect the personal philosophy of its founder.
A 2004 article in Fortune describes Kamprad, then one
of the world's richest men, as an informal and frugal man
who "insists on flying coach, takes the subway to work,
drives a ten year old Volvo, and avoids suits of any kind.
It has long been rumored in Sweden that when his self-
&tip-Me fails and he drinks an overpriced Coke out of
a hotel mini bar, he will go down to a grocery store to
buy a replacement".7 Kamprad's thriftiness is attributed
to his upbringing in Smaland, a traditionally poor region
of Sweden. Kamprad's frugality is now part of IKEA's
DNA. Managers are forbidden to fly first class and are
expected to share hotel rooms
In many ways IKEA's organization and management
practices reflect the personal philosophy of its founder.
A 2004 article in Fortune describes Kamprad, then one
of the world's richest men, as an informal and frugal man
who "insists on flying coach, takes the subway to work,
drives a ten year old Volvo, and avoids suits of any kind.
It has long been rumored in Sweden that when his self-
&tip-Me fails and he drinks an overpriced Coke out of
a hotel mini bar, he will go down to a grocery store to
buy a replacement".7 Kamprad's thriftiness is attributed
to his upbringing in Smaland, a traditionally poor region
of Sweden. Kamprad's frugality is now part of IKEA's
DNA. Managers are forbidden to fly first class and are
expected to share hotel rooms
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