Ingvar Kampradi: Wealthy Man, Frugal Man, Entrepreneur Extraordinair

Introduction Ingvar Kamprad, Swedish born citizen and founder and former CEO of Ingvar Kamprad Elmtaryd and Agunnaryd or break in known as IKEA. Kamprad created a one of a kind piece of furniture familiarity that has become the largest furniture store in the world. The uniqueness is because they caller-up specializes in e reallything being able to be broken downwards and shipped, from furniture to the now famous mobile kitchens- could be packed in flat, stackable boxes (Nelson and Quick, 2011-438). His musical mode of running the company is based on creative thinking, hard turn and being frugal in his own life as well as the appearance he runs his company.So frugal that when employees travel they must share hotel rooms, a policy not carried in any major company. The philosophies that he has developed for IKEA are distinctive and have provided a successful way of being very profitable. Kamprads leadership characteristics have made him a very wealthy entrepreneur and admirable person but with a dark departed. A past that he does not deny but states that he has learned from this and according to some has a message to get by to other that carries great wisdom. Issues Addressed Kamprads company IKEA has been on the rise along with that his personal problems as well increased.Alcoholism, his history of Nazi affiliation, and store openings where people died were his biggest problems. Even during his personal problems he never failed to provide creativity for IKEA and to make sure the company was on the right track. He always found a way to lead his company in the direction to be successful despite his personal life. His appreciation for what it takes to be successful and the knowledge that he realizes there are no guarantees to economic success tomorrow isolated from hard work (Nelson and Quick, 2011-438). Answering the Questions 1. Kamprad is the manager of IKEA, duration he is not the CEO he windlessness continues to run the company. He is always tryi ng to create any new ideas, and develop philosophies to make the company better for their customers and employees. Kamprad is a leader because he does not sit around pointing fingers and collecting money, but he is step to the fore there working to make IKEA a better company every chance he can. Continuing his innovative struggles so the company can be ne of a kind and issue to the people and through all his personal problems and personal achievements the company was always placed at the whirligig of the list he likes to say that IKEA is his fourth child (Nelson and Quick, 2011-438). 2. Kamprad encouraged a level of followership that has made IKEA a unique company. This followership that he created makes people wish to work for IKEA and create new ideas. His philosophies are exceptional and out of the box his claims of we dare to do it a different way (Nelson and Quick, 2011-438) Kamprad says about IKEA.The way he created IKEA and the way he makes sure the company draws peopl e into being involved. People not only want to betray at his stores, but they want to be a part of the company anyway they can. 3. Kamprad does not want his employees to be sheep or yes men but effective active followers that are independent critical thinkers. Some of Kamprads leadership characteristics are directive, supportive, participative and achievement oriented (Nelson and Quick, 2011- 413). According to the leadership grid Kamprad is darksome in the 9, 1 quadrant which is Authority-Compliance management efficiency in operations results from arranging conditions of work in such a way that human elements interfere to a minimum degree (Nelson and Quick, 2011- 409). 4. Leadership of Kamprad Transactional uses effort for reward because how much effort employees put into the company, means how much reward they or the company pass on receive. Transformational motivates his people to work for the prosperity of the company and not just for themselves. His vision about IKEA hel ps bond his followers/ employees to IKEA. He is charismatic focusing on creating a message with his philosophies and connecting with his followers emotionally. Authentic role good example towards the people due to his developing ingenuity and philosophies. 5. Key leadership lessons that can be observed by Kamprads experiences a. Creativity & uniqueness b. Hard manual work c. Work hard but work smart d. Delegate less and get more(prenominal) involved, do not be afraid to be different, and listen to my people. Conclusions Ingvar Kamprad developed very young starting his business selling matches and cards from his bicycle and ulterior expanding his business to elling fish, Christmas decorations and pens and pencils. This small town boy from went on to build a company from a cash in reward given to him by his father for doing well in academics, Ingvar Kamprad built a company that generated more than $33 billion in revenue and nearly $4 billion in net income in 2011 (http//topics. bloomberg. com/ingvar-kamprad/). He was known as a very frugal man that had a dark past but he learned from his past explaining that his Nazi affiliations where the greatest mistake of his life. He said this because while he was not proud of being affiliated with this organization he learned a kettle of fish from being part of it.He learned to not waist anything, do not take money for given and keep in common the one thing all rich people have which is to retire from beneath your means. ? References Bloomberg. Bloomber. com, http//topics. bloomberg. com/ingvar-kamprad/ Global Business leaders. http//www. globalbusinessleaders. org/WebPage/LeaderBio. aspx? leaderCd=l005&levelcd=c03r045 Nelson, D. & Campbell-Quick, J. , (2011). Organizational Behavior Science, the Real World and You. (7th ed. ). Canada South-Western Cengage Learning. Pace, Joe. The Workplace Today and Tomorrow. The pro Development Series, Book One.