Founders Misfit Feed

#104 Leading By Design: The IKEA Story

Episode Summary

What I learned from reading Leading By Design: The Ikea Story by Bertil Torekull.

Episode Notes

What I learned from reading Leading By Design: The Ikea Story by Bertil Torekull.

He aims to give his company eternal life [0:01] 

Early life and entrepreneurship [3:45] 

The beginning of IKEA [8:00]

Learning entrepreneurship  by imitating [11:40]

IKEA almost dies in infancy / how Ingvar worked his way through it [16:30]

Ingvar’s greatest regret in life: Neglecting his children for his business. “Everyone with children knows that childhood does not allow itself to be reconquered.” [26:00]

Only those asleep make no mistakes. — Ingvar Kamprad [32:20]

Thinking of the first store as a laboratory [36:00]

Why IKEA stumbled upon self assembled furniture [43:43]

A summary of the early history of IKEA [46:30]

How Ingvar managed [49:00]

Why Ingvar refused to go public [54:00]

The IKEA Company Bible: The Testament of a Furniture Dealer [1:03:30] 

Ingvar the Misfit [1:19:10] 

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