By Vivek Dubey

CNBC-TV18.com

Published Feb 28, 2024

IKEA’s global CEO Jesper Brodin: 10 quotes shaping the future of retail

Discover the vision shaping the future of retail through 10 insightful quotes from Jesper Brodin, the global CEO of IKEA.

Sustainable Success Beyond Trends

"We try to think long term, not just for the short term when it comes to driving our business,"

Founding Vision: 200-Year Perspective

"One of the last times I met our founder... he said, think long term. How long term? 200 years. However, I can promise you we're going to open Delhi before 200 years."

Strategic Silence Breaks Soon

"One of the last times I met our founder... he said, think long term. How long term? 200 years. However, I can promise you we're going to open Delhi before 200 years."

IKEA's Growth

"Building big IKEA stores takes time... building industry capabilities for the volumes IKEA is supporting is a game of not only supporting IKEA but making sure there are entrepreneurs, investors."

Lessons and Future Strategies

"We concluded that small stores will be part of the IKEA concept... smaller decisions, but I'm sure we're going to continue to find ways in India to establish smaller stores."

Embracing Change

"Hopefully, we will test and try many more things here. And part of that will be sometimes we have to give up and say that didn't work."

Success Challenges

"Sometimes your success can be your biggest enemy... pandemic helped to speed up things for IKEA."

Legacy and Innovation

"The beauty is not to put the past and the future against each other... avoid complacency, be afraid of your own success, invest in the fragility of ideas."

Embracing Innovation Risks

"It's a go banana card... an apology for a mistake that has not yet happened."

Good Business Strategy

"It is good business to be a good business... being good for people and planet is also going to be good for business."