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Ingvar Kamprad

9 questions · Economics

Ingvar Kamprad, born in southern Sweden in 1926, founded IKEA and made Swedish furniture design affordable all over the world. As a child he already sold matches and pens; at 17 he founded IKEA; the name is made up of his initials and those of his farm. His brilliant idea was flat-packed, self-assembly furniture that made transport cheap. Despite his billions Kamprad was known as extremely frugal: he drove an old Volvo and flew economy. Good to know: IKEA made furniture design affordable worldwide. The blue-and-yellow stores exist around the globe. Elmtaryd and Agunnaryd supply the „E“ and „A“. So Kamprad’s whole origin is in the company name. This meant far more fitted on a lorry. The customer assembles the furniture at home. Even as a child he sold matches and pens. His business sense showed very early. Frugality was for him also part of the IKEA philosophy. Blue-and-yellow, Swedish names and meatballs shape the brand. IKEA is seen worldwide as typically Swedish. Shelves, sofas and lamps bear first names and place names.

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Which furniture company did Ingvar Kamprad found?

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IKEA

IKEA made furniture design affordable worldwide.

💡 Did you know? The blue-and-yellow stores exist around the globe.

What is the name „IKEA“ made up of?

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his initials (plus farm/village)

Elmtaryd and Agunnaryd supply the „E“ and „A“.

💡 Did you know? So Kamprad’s whole origin is in the company name.

Which brilliant idea made IKEA’s furniture cheap to transport?

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flat-packed furniture (self-assembly)

This meant far more fitted on a lorry.

💡 Did you know? The customer assembles the furniture at home.

At what age did Kamprad found IKEA?

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at 17

Even as a child he sold matches and pens.

💡 Did you know? His business sense showed very early.

What was Kamprad known for despite his billions?

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for extreme frugality

He drove an old Volvo and flew economy class.

💡 Did you know? Frugality was for him also part of the IKEA philosophy.

From which country does Kamprad come (shaping IKEA’s image)?

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Sweden

Blue-and-yellow, Swedish names and meatballs shape the brand.

💡 Did you know? IKEA is seen worldwide as typically Swedish.

What is typical of product names at IKEA?

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they are Swedish names

Shelves, sofas and lamps bear first names and place names.

💡 Did you know? Kamprad himself was dyslexic and remembered names more easily than numbers.

What made IKEA so successful worldwide?

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affordable design for everyone

Kamprad wanted „a better everyday life for the many people“.

💡 Did you know? This guiding idea is still at the heart of IKEA today.

Ingvar Kamprad

Foto: Ministry of Enterprise, Energy and Communications of Sweden/Sandra Baqirjazid · CC BY 2.0 · Wikimedia Commons

Which billionaire is shown here?

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Ingvar Kamprad

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