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The IKEA effect is a cognitive bias in which consumers place a disproportionately high value on products they partially created. The name refers to Swedish manufacturer and furniture retailer IKEA , which sells many items of furniture that require assembly .
Jesper Brodin (born 9 November 1968) is a Swedish business leader and the chief executive officer (CEO) of Ingka Group. [1] During his career at IKEA, Brodin has held a number of different roles including assistant to Ingvar Kamprad, Business Area Manager Kitchen and Dining, as well as managing director for Range & Supply, Inter IKEA Group.
The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd where he was raised. [ 8 ] [ 11 ] Between the founding of IKEA and his board resignation in 1946, Kamprad was an author.
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UC Santa Barbara midfielder Manu Duah was selected No. 1 overall by San Diego FC in Friday's 2025 MLS SuperDraft, making him the first draft pick in the expansion club's history.
The phrase Fourth Industrial Revolution was first introduced by a team of scientists developing a high-tech strategy for the German government. [13] Klaus Schwab, executive chairman of the World Economic Forum (WEF), introduced the phrase to a wider audience in a 2015 article published by Foreign Affairs. [14] "