LASA 1 IKEA Values Based Service Analysis Report What is values based service How can a company create value for customers and other stakeholders

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LASA 1IKEA Analysis Report LASA 1 IKEA Values-Based Service Analysis Report What isvalues-based service How can a company create value for customers and other stakeholders

Values-based service is defined as service that is firmly based on the core company values as well as social and environmental responsibility. When the core company values and the social and environmental values are in accordance with the values of customers and other stakeholders, resonance (rather than dissonance) occurs. To be successful, a values-based service business must seek resonance with its customers and other stakeholders in terms of values and avoid any suggestion of dissonance. Companies, such as IKEA, nurture and communicate values in their customer relationships.

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