Entity Dossier
entity

Nutella

Strategic Concepts & Mechanics

Signature MoveMrs. Valeria Is the Real CEO
Identity & CultureSixteen Commandments for Human Leadership
Operating PrincipleRetire Into the Laboratory Never the Boardroom
Competitive AdvantageDis Lu a Niun — Stealth as Strategy
Cornerstone MoveScarcity Into Sweet: Substitute Until You Win
Competitive AdvantageRaw Material Obsession to the Altitude
Signature MoveFamily Treasury, Never the Stock Exchange
Risk DoctrineSow Wisely, Accept Magpie Losses
Signature MoveIncognito in the Supermarket Aisle
Cornerstone MoveDiscover the Latent Desire, Then Invent the Category
Strategic PatternChildren's Hearts Win Mothers' Wallets
Cornerstone MoveBuild the Machine Nobody Can Copy
Identity & CultureMissionary Over Mercenary Entrepreneur
Signature MoveNo Party Without Ferrero
Operating PrincipleDeseasonalize the Product Calendar
Signature MoveSeventy Tastings Before Daylight
Cornerstone MoveClose Every Circle Until Control Is Complete
Competitive AdvantageFashion Signature as Margin Multiplier
Signature MovePaternalistic Covenant With the Valley
Strategic PatternSubcontractor Apprenticeship as Espionage
Strategic PatternLow Cost Many Models Flood Strategy
Identity & CultureOrphan Hunger as Permanent Engine
Cornerstone MoveBuy the Myth Then Rebuild It From the Product Up
Risk DoctrineCash Fortress Before the Storm Hits
Identity & CultureSilicon Valley Peers Not Italian Peers
Operating PrincipleBring Production Home When Quality Fails
Signature MoveEvery Euro Saved Is an Extra Euro in Profit
Risk DoctrineOwnership Separated From Management
Competitive AdvantageClosed Valley as Loyalty Fortress
Signature MoveMove Before Being Overwhelmed
Cornerstone MoveHostile Raid to Swallow the Whole Animal
Capital StrategyWall Street Listing as Credibility Weapon
Signature MovePocket Recorder on the Nightstand
Signature MoveFactory Floor at Five AM, Never the Office

Primary Evidence

"He is Michele Ferrero, the Italian genius of 'making,' the inventor of hugely successful products such as Nutella, Kinder, Ferrero Rocher, Mon Chéri, Estathé, Fiesta, and Tic Tac: products that have become familiar brands recognized in every corner of the planet, thanks to which the Group bearing his name grew from a thousand employees in the fifties to four thousand in the sixties, to then rise to ten thousand in 1990, up to the current 41,441 worldwide."

Source:Michele Ferrero

"The richest man in Italy - together with the Ferreros of Nutella - has accumulated a personal fortune of over 30 billion dollars starting from the lowest possible point on the social ladder."

Source:Leonardo Del Vecchio

"The product I love the most? Certainly Nutella, but Mon Chéri is the product from the beginnings, the one that excites me to remember. It was the beginning of the fifties and we went to Germany because I thought that the chocolate market should look North, where they consume it all year round."

Source:Michele Ferrero

"The glorious Giandujot, although excellent and best-selling, sometimes oozes from the packaging, and for this flaw, some merchants complain. Michele discovers in a specialized magazine the existence of a substance, soy lecithin, which has the ability to retain fats. In Europe, lecithin is still almost unknown, few import it. But he manages to find some. The experiment is a success. The addition of lecithin stabilizes the mixture and allows the launch in 1951 of Supercrema, as is named what we might call the mother of Nutella. It is sold in containers ranging from airtight tins to tubs and glasses, but also in toy wooden houses."

Source:Michele Ferrero

"First: innovation. That’s what it means to do something different from everyone else. Everyone made solid chocolate and I made it creamy and Nutella was born; everyone made boxes of chocolates and we started selling them one by one, but wrapped like a gift;"

Source:Michele Ferrero

"Dear Madam, I am grateful for your kind invitation to give an interview for the prestigious daily newspaper with which you are associated. However, as you yourself write, I have made it a rule not to give them. Interviews are like cherries: if you start with one, it's then hard to resist the others. And I feel that I must instead continue to concentrate on the work that I am most passionate about: the search for ever new products, which meet the favor of consumers, like the Nutella you kindly mentioned. Warm wishes to you and your boyfriend."

Source:Michele Ferrero

Appears In Volumes