Critical Analysis - 1135 Words

BUS2235 Organizational Dynamics Critical Analysis #4 Ingvar Kamprad: Wealthy Man, Frugal Man, Entrepreneur Extraordinaire Although octogenarian Ingvar Kamprad, the founder of Swedish-based IKEA, is one of the wealthiest individuals in the world, he nonetheless lives quite frugally. Kamprad avoids wearing suits, flies economy class, takes the subway to work, drives a ten-year-old Volvo and frequents inexpensive restaurants. â€Å"It has long been rumored in Sweden that when his self-discipline fails and he drinks an overpriced Coke out of a hotel minibar, he will go to a grocery store to buy a replacement.† Kamprad was â€Å"born in Smà ¥land in the south of Sweden a region known as home to many entrepreneurs and hard-working people, who are†¦show more content†¦As head of the â€Å"family business,† Kamprad, like many fathers, leads by example. As Kamprad says: â€Å" ‘If there is such a thing as good leadership, it is to give a good example’ and ‘I have to do so for all the IKEA employees.’ † Kamprad firmly believes that the best example he can provide for his employees is to work hard and adhere to strict business ethics. Another characteristic of Kamprad’s leadership approach is a willingness to admit his mistakes and own up to his weaknesses. Even with his long career and extraordinary success with IKEA, Kamprad had his share of challenges. â€Å"As IKEA grew, so did Kamprad’s problems alcoholism, allegations of a Nazi past, deaths at a store opening but nothing deflected him.† Kamprad describes â€Å"his association with the ‘new Swedish’ wartime pro-Nazi party [as] ‘the greatest mistake of my life.’ † The manner in which Kamprad dealt with the revelation of his involvement with the Swedish pro-Nazi party helped people to â€Å"fully accept him as a leader. By showing human weaknesses rather than only strengths, his employees and the general public could relate to him and learn from his behavior. The episode also [shows] that Ingvar Kamprad is a leader who really impacts the people around him in an inspirational andShow MoreRelatedCri tical Analysis : Critical Thinking1245 Words   |  5 PagesCritical analysis is an art of analyzing and evaluating thinking with a view of improving it. In a broader sense, critical analysis is a process in which a person considers and evaluate the claims made by the theorists, experts, official bodies, journalists, etc., and then try to understand whether the basis of those claims are sound, applicable or relevant to the situation (Gould, 2011). In fact, critical thinking skills are essential to make better informed and more balanced decisions. Also, itRead MoreCritical Analysis On Critical Thinking Essay870 Words   |  4 PagesHitchens. What is critical thinking? What does it mean to think? 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