Saturday, January 19, 2008

Ikea 2.0

"Management experts Rafael Ramirez and Richard Normann pointed this out in the Harvard Business Review back in 1993. Ikea, they argued, was a success because it enabled 'value co-production.' This infelicitous term partly refers to offering consumers a discount to build their own furniture. But it means much more: Ikea recruited its customers to the idea that they could not only put up shelves, but also design their own stylish living spaces, equipping them with tape measures and printing almost 200 million catalogs that also serve as design manuals. It also devoted huge energies to helping its suppliers and designers play their part."

Tim Harford in Slate explains how the Swedish furniture store is like "Web 2.0."

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