5.2 Low-cost leadership strategy and IKEA case study
Key Takeaways
Cost leadership means being an industry leader in low-cost production. Remember, this does not concern the cost for the consumer. It concerns the cost of production for the business. The strategic position serves one of two purposes at any stage of execution:
It produces higher profit margins for the business at a given price, or
It allows for an overall lower price to consumers, which can be used to increase market share.
![The Two Business Strategies: Cost Leadership and Benefit Leadership [And Where Michael Porter Missed The Mark] - Ignition Framework](https://i2.wp.com/ignitionframework.com/wp-content/uploads/2013/10/cost-leadership-graphic.png?ssl=1)
Have you ever thought, how has IKEA been able to lower the costs of its products The brand has made a niche for itself in selling high-end beds, sofas, dining sets and wardrobes at half the price of its competitors, but how does it manage the same?

视频:IKEA case study and low-cost leadership 【授课教师录制】
案例分析:IKEA: cutting costs, creating value
课件分享:IKEA battled economic recession

