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IKEA billionaire founder proud to be frugal at 80

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Latest Business News and Financial Information | Reuters.com

I like the idea of the IKEA founder and CEO “following the rules” of the company and setting an example of frugality by flying coach.

I was always taught that Toyota was a very frugal company, much of that being out of necessity post World War II.

Again, about tthe IKEA founder:

Interviewer Darius Rochebin teased that Ikea employees were always told to write on both sides of the paper.

“Why not? If there is such a thing as good leadership, it is to give a good example. I have to do so for all the Ikea employees,” Kamprad retorted.

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Mark Graban is an internationally-recognized consultant, author, and speaker who has worked in healthcare, manufacturing, and startups. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. His most recent book is an anthology titled Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also the VP of Improvement & Innovation Services for the technology company KaiNexus.

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