“Our TV commercials invite our viewers to discover the endless possibilities of multifunctional furniture and unlock their homes' potential with Ikea's home furnishing solutions,” Ohlin added. Furniture that makes space for you.

' Which of course exactly chimes with the retailer's tagline, 'The wonderful everyday'.

It featured a series of television and online commercials that showcased the brand's range of products in everyday settings. The ads were simple yet relatable, and they resonated with customers because they showed how IKEA's products could enhance the quality of their lives.

“To create a better everyday life for the many people.” This vision goes beyond home furnishing. We want to have a positive impact on the world – from the communities where we source our raw materials to the way our products help our customers live a more sustainable life at home.

I stands for Ingvar, the first name of the IKEA founder. K is for Kamprad, his last name. E is for Elmtaryd, the name of the farm where Ingvar grew up, and A is for Agunnaryd, the name of the parish in Småland, Ingvar's home village.

In summary, the IKEA Effect shows consumers are not completely rational creatures when it comes to paying more for what they've built. The experience of building something can have a benefit that is worth more than the cost, so marketing content that maintains the feeling of this experience works well.

I stands for Ingvar, the first name of the IKEA founder. K is for Kamprad, his last name. E is for Elmtaryd, the name of the farm where Ingvar grew up, and A is for Agunnaryd, the name of the parish in Småland, Ingvar's home village. Elmtaryd farm is where Ingvar Kamprad grew up and started the IKEA business.

The IKEA key values of togetherness, renew and improve, and cost-consciousness grew from this background. Entrepreneurial people. Småland became known for its high level of entrepreneurship.

“To create a better everyday life for the many people.” This vision goes beyond home furnishing. We want to have a positive impact on the world – from the communities where we source our raw materials to the way our products help our customers live a more sustainable life at home.

IKEA's mission statement is “to offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.” And IKEA's vision statement is “to create a better everyday life for many people.”

The IKEA effect is a cognitive bias in which consumers place a disproportionately high value on products they partially created. The name derives from the name of Swedish manufacturer and furniture retailer IKEA, which sells many furniture products that require assembly.

The blue and yellow colors of the Ikea logo are inspired by the Swedish flag: the origins of the company. The colors symbolize comfort, warmth, positive energy, reliability, and professionalism. The combination was first used in 1982 and has defined the core personalities of the brand ever since.