Tag: Ikea

  • How does IKEA come up with names for its products?

    Glad you asked! Turns out that IKEA really does have a formula for product naming.

    1. We use Swedish names for our products.

    The product names reflect our Swedish identity, Småland’s heritage and our values. They make IKEA unique and contribute to a sense of playfulness. The names are real words and often inspired by Swedish places, nature, emotions or everyday expressions – and follow a clear categorization system. For instance:

    Sofas → Swedish place names

    Bookshelves → men’s names

    Children’s products → animals and nature

    To be used as a product name, it must:

    • be a real word
    • contain between 4 and 12 letters
    • preferably contain the letters Å, Ä or Ö
    • feels good to say
    • Never be trademarked or be a surname

    Every possible product name is carefully checked to avoid undesirable meanings in other languages, political or religious affiliations and fit into our global profile.

    1. For everything else, we use descriptive names in the local language of the country in which we operate.

    This applies, for example, to services, functions and communication, which must be clear and easy to understand for all customers, regardless of market.

    An exception to these two rules are some carefully selected Swedish words (Hello, bye, welcome, welcome back and coffee), they are used to express aspects of the culture and traditions we have at IKEA.

  • Ikea Has Bought TaskRabbit

    Ikea Has Bought TaskRabbit

    According to Recode, Ikea has bought TaskRabbit:

    TaskRabbit is one of the best-known startups in the so-called “gig” economy that links freelance workers with jobs, from handymen to movers to assistants. It has about 60 employees, but over 60,000 independent workers use its platform.

    The total price of the sale is unknown, but previously Ikea’s acquisitions ranged from $20 million to $50 million.

    The total number of Taskers as of 2015, was just over 15,000. [1] That’s some interesting growth over over the course of 3 years. Nothing wild. But an interesting move by Ikea nonetheless.

    It looks like Ikea is doing two things here. First, they’re signaling to the market that they’re still here and making moves. Notably, moves into the tech space. I mean they recently were one of the first companies to bring AR into their app. Secondly, they’re building a moat around their business model. If a size-able chunk of users go to TaskRabbit for assembly, why not own a piece of the pie?

    I for-see a bright future with Ikea as the IOT continues to encroach into our lives.