Chocolates are something that we all love. After chocolates, there is another thing that makes us drool. This is our very own Nutella.
Nutella gives a tough competition to people’s love towards chocolates. Whether you want a spread for your bread or something sweet to eat, Nutella is probably the first name to pop up in the head.
Nutella is a part of chocolate lovers’ favourite company Ferrero. The spread is a specialized mix of hazelnut and chocolate. This simple yet unique combination makes the spread the ultimate love of everyone.
Nutella has been with us for many decades now. Indeed, it is a tried, tested, and lovable brand.
The history of Nutella is quite older than we could think of. Its history can be traced back to the time of World War II. During that time, markets faced a shortage of cocoa.
In Italy, in the year 1946, there was a chef named Pietro Ferrero. He noticed this shortage and decided to do something about it. So, he created a paste mixed with loads of hazelnuts and some chocolate. He then made blocks of this paste and started selling.
These blocks were first cut into slices and then used between slices of bread. The mothers would make sandwiches with these chocolate slices. The children began to love the chocolate flavour. This made these blocks quite popular among the locals.
Pietro then had an idea to make these blocks creamier in texture. A creamier texture would help it to spread easily on the bread. He spent days making certain changes to make it creamier like a spread. The resulting product made was then called ‘Supercrema Gianduja’.
The Birth of Nutella
Michele Ferrero – Founder of Nutella
In the year 1964, Pietro’s son, Michele tried to modify his father’s recipe. He wanted to make certain improvements to ensure the finest quality of the spread.
This was the first time that a jar mixed with rich cocoa and hazelnuts got made. Pietro’s son gave a lot of thought and decided to name it ‘Nutella’.
The names came into existence by combining two words. The first ‘nut’ from ‘hazelnut’ and ‘Ella’, a suffix of positivity. The letter ‘N’ in the logo is in black and the rest of the letters are in the colour red. Ferrero had to keep the letter N in black due to trademark issues. There was another brand that used the name Nutella. So, to keep it different, he changed the colour of the letter ‘N’.
This was the year (1964) when our beloved Nutella came into existence. Since then, this sweet and savoury jar of spread has become a go-to choice for breakfast.
The Global Expansion of Nutella
Global Expansion of Nutella
In the following years, Nutella began its journey on becoming a global brand. In 1965, one year later of its launch, it took over the German market. Then it started its expansion over other markets.
In 1967, Nutella made its Italian television debut. It appeared on a television program, Carosello. This first advertising campaign by Nutella took over the hearts of Italy.
After Italy, Nutella became super popular in France and Germany. The children from various countries began to cherish this delicious spread. This encouraged Nutella to expand itself in more countries.
The brand has used strategic planning for its expansion. It conducts deep research before entering any new market. It considers various factors. These include checking competitors, market space, availability of raw materials, etc.
Nutella was quite sceptical about entering the markets of Britain. The people’s interest there was too invested in another spread named Marmite. But as it’s said, interests can change. Nutella was never a quitter. It created special campaigns, which were specific to the country. At last, it came in Britain’s markets and hereafter outdo Marmite.
The Supply Expansion Problem and Solution of Nutella
As the brand began to become global, the supply of jars increased. Nutella has various plants around the world for its production. There are plants in Canada, Australia, Italy, France, Germany, Russia, and more. The first Nutella plant was established in 1978, in Lithgow, near Sydney. But with increased production, there arose a problem. It was the shortage of supply.
Ferrero uses hazelnuts in large amounts. It was quite predictable that they would not be able to buy anymore as there would not be enough of it. So, the company came up with a patient yet a fruitful idea. It was to plant their trees.
In the 1990’s the process of planting trees began. 6.6 million trees have been planted and more plantations are in their plan. These plantations helped the company get rid of its major future problem. This also created trust among the customers as it ensured the greatest purity.
The Popularity of Nutella
Nutella’s amazing taste and great advertising over time made it popular. It became so popular that there is now a World Nutella Day. It came into existence on 5th February 2007. It’s celebrated every year since then.
The greatest strategy that contributed towards the company’s success is keeping up with the time. Since the earlier times, Nutella has always come up with relatable and trendy advertisements.
Nutella company has always shown happy families enjoying their jar together. This helped it become a family-friendly product. Such ads made people consider Nutella as a jar full of joy.
Keeping up with the Marketing Trends
The company likes to keep up with the new generation’s customers. It was one of the first corporate to plunge into the sea of social media. People liked to share their experiences with Nutella. They were sharing recipes, tweeting, and making videos around it.
In 2014, there were 17 million tweets that contained the term Nutella. People even made YouTube channels about Nutella.
Nutella’s jump into social media proved to be successful for the company. They now create online campaigns to attract more consumers.
In 2014, Nutella company celebrated its 50th anniversary with a global campaign. It was ’50 Years Full of Stories’. In this campaign, Nutella asked its huge fan base to share their experiences or stories with Nutella. By sharing images, texts, or videos, the fans would get a chance to win prizes.
This campaign was a shift from the company’s earlier advertisements. Earlier the company focused on educational and regional specific ads for promotions. However, with the changing times, Nutella’s strategies have also changed and are keeping up with the trends.
In 2024 Nutella launched its new campaign, Always Better Together. The “Always Better Together” Nutella campaign highlights the idea that Nutella enhances every moment, making them even better. The campaign emphasizes that Nutella can make mornings brighter, bring loved ones together, and inspire families to create joyful memories.
Nutella Timeline
1946: Pietro Ferrero creates “Giandujot”, a sweet hazelnut and cocoa paste shaped like a loaf, named after a local carnival character.
1951: The recipe evolves into a creamy spread called “SuperCrema.”
1964: Michele Ferrero, Pietro’s son, refines the recipe and launches it as “Nutella.”
1965: Nutella gains popularity across Europe, starting in Germany.
1966: Nutella was launched in France.
1978: Nutella expands globally with the first production plant outside Europe, in Australia.
1996: 30 years of optimism in France
2005: On May 29, in Gelsenkirchen, Germany, 27,854 people set a Guinness World Record for the “Largest Continental Breakfast Ever” featuring Nutella.
2007: World Nutella Day is established by fans to celebrate the spread.
2011: Nutella’s global Facebook page gained 10 million fans within just one year.
2012: Nutella & GO! with Breadsticks launched in the USA
2014: Nutella marks its 50th anniversary, with events and campaigns worldwide.
2015: Nutella reached 30 million fans on Facebook
2017: On May 31, Nutella opened its first restaurant in Chicago, offering fans a unique experience with a wide menu of delicious Nutella recipes.
2020: The Nutella Muffin were first launched in Italy, it’s now available in Europe and the Gulf.
2023: Since its launch, the Nutella croissant has delighted European consumers with its flaky pastry and delicious Nutella filling.
2024: 60 years of smile!
Conclusion
Nutella, the delicious mix of chocolate and hazelnuts is now a global product. It is not only the good taste but also the company’s great strategies over the years that have made this brand so huge.
Nutella is no more just a jar; it is like an emotion now. It is like a cure for loneliness and sorrows for children and teens. Thus, Nutella has created a huge place in people’s hearts. Now, it is like an absolute leader in the market making every other competitor look inferior to it.
According to the Guinness book of world records, Nutella has also won the title of ‘Largest Continental Breakfast’, where 27,854 people were gathered to celebrate the 40th anniversary of Nutella.
FAQs
Why is Nutella banned?
Nutella has been pulled off from Italian supermarkets over the claims that its ingredients may cause cancer.
Who is the biggest consumer of Nutella?
France is the biggest consumer of Nutella, the factory in Nutella makes 100,000 tons of chocolate spread.
Why is the N in Nutella black?
The letter ‘N’ is in black because there was already a company named Nutella, so Ferrero had to keep the letter N in black due to trademark issues.
What is Nutella logo meaning?
The Nutella logo, with “Nut” in black for trust and “ella” in red for joy, symbolizes reliability, energy, and universal appeal in a simple, modern design.
What is Nutella origin?
Nutella originated in Piedmont, Italy, in 1964. It was created by Michele Ferrero, who refined an earlier hazelnut paste called SuperCrema. The spread was initially made to be more affordable, using local hazelnuts, which were abundant in the Piedmont region, combined with cocoa. Nutella quickly gained popularity and became a global favorite.
When and where was Nutella invented?
Nutella was invented in a town named Alba in Italy in 1964.
Where does Nutella come from?
Nutella is made by first roasting hazelnuts and grinding them into a smooth paste. This paste is then mixed with sugar, cocoa, milk powder, and palm oil to create a creamy texture. The ingredients are blended together until smooth and consistent. Finally, the spread is packaged and sealed for distribution, ensuring the perfect balance of flavor and creaminess that Nutella fans love.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byPrayag Hospitals Group.
The healthcare industry in India is a complex and diverse sector that plays a vital role in the country’s economy and society. India has a large and growing population, and the demand for healthcare services is high. The healthcare industry in India consists of both public and private sector organizations, with the public sector providing a significant portion of healthcare services. The Indian government has made efforts to improve the healthcare system and increase access to healthcare for all citizens, including initiatives such as the National Health Policy and the National Rural Health Mission.
There are total almost 30,000 hospitals in India. Thats 1 hospital for almost 47,000 people. Hence, the need for better hospital facilities and management is the biggest concern of Indians. One hospital that takes care of its patients in the best way possible is Prayag Hospitals Group.
Prayag Hospitals Group is providing exceptional healthcare without exceptions and the CEO Pritika Singh has been a game-changer in healthcare.
StartupTalky interviewed the CEO of Prayag Hospitals Group, Pritika Singh to know more about their vision, mission, Inspiration, business strategies and more.
Prayag Hospitals Group is focused on creating a chain of hospitals providing all treatments at the most affordable price for middle-class customers. Their short-term goal is to provide more jobs, which is also a part of their long-term goal.
My long-term goal will be to create a chain or group of hospitals where poor and middle-class customers can walk in without any fear or burden of payment. We want to create such a noble image in the market, through a chain of hospitals where finance is not a concern when you are entering the hospital for any treatment. – Pritika Singh
Prayag Hospitals Group – Inspiration
Pritika was inspired from her parents. Her father is a renowned ENT and orthopedic surgeon, and her mother has always looked after the management and administration parts, so she got inspiration from them.
When she was a child and her father used to do his OPD, Pritika used to look with curiosity at what he was doing. Her father used to sit with each patient for about half or one hour and explain to them every detail of the treatment or the disease. While she was growing up, she felt that the hospital and healthcare industry need to have such a system where one can give a lot of awareness to the customer which is lacking in the industry.
I know a lot of people surf the internet nowadays before entering a hospital. By the time they see a doctor, they know a few terms, but they need proper guidance which only a specialist can give. – Pritika Singh
The other side of the coin is people from underprivileged or poor socio-economic backgrounds, who are eligible for free health treatment but don’t know about the privileges or benefits they have got from the government. There are very few organizations that are spreading such awareness and theirs is one of them.
Pritika’s parents are the first people with whom she shared her vision.
Prayag Hospitals Group – Key strategies for successful business
After joining the business, Pritika transformed the logo, tagline, and all other things that needed a rework because she wanted the brand to connect with her vision. The only strategy that they follow and are following till now is creating a one-to-one customer experience, giving a personal touch, and taking care that their service delivery or care includes Indian tradition and culture in doing business.
To have a successful business, you also need to have a good working environment in your organization, and I make sure we specifically take care of the mental health of our employees. We try to create a personal repo with the employees so that they work in a comfortable and encouraging environment and perform better – Pritika Singh
Prayag Hospitals Group – Social work
At Prayag Hospitals Group, they have a special ward where they treat patients who are not very critical. They don’t charge doctor fees, nursing fees, or bed fees; only food and medicine costs are there. So, it becomes very affordable for somebody who comes from a poor socio-economic background and doesn’t have any benefit or support from the Government, or any medical insurance.
Prayag Hospitals Group – Challenges
At the beginning of her journey, she faced a challenge within the organization as the employees or staff were already working as per the vision of her parents, and then she entered with a different vision. A lot of people were not comfortable and had little belief in her. They thought that her vision is not complete or feasible or that what she is talking about is not practical. However, when you have belief in yourself, you can make others believe in you too.
Another biggest challenge that I faced was in the form of typical stereotypical thinking that if your parents are doctors running a hospital, you also need to be a doctor to run the business. So, my parents took some time to gain that level of trust in me as I was from a management background. Despite a lot of rejection of my vision and ideas, in the beginning, I was able to build that trust with my employees as well as my parents. Another challenge that you face being a newcomer in the industry, and being ayoung woman is that people in the industry look at you with doubt. They havetheir own assumptions, but if you are confident about your capabilities, you canovercome every obstacle, and stereotypes and bust myths. – Pritika Singh
Prayag Hospitals Group – Operating locations
The hospital’s operating location is in Noida and Greater Noida, and they are also planning to come up with a hospital in West UP and Uttarakhand. They are also planning to expand their operations in Middle Eastern countries for their specialized branch – the department of holistic healing — where they talk about mental health. They work on mental health because India is a hub for the same.
India’s healthcare industry in the next 5-10 years
Pritika believes that the healthcare system is already in place, and it has seen a dynamic transformation in the COVID-19 pandemic recently. Digitization in healthcare has taken hospitals, even in tier 2 or 3 cities, to another level. However, there is a need to create more beds and encourage youths to enroll themselves in studying or choosing a career in the healthcare industry. The reason is that when thinking of increasing the beds, there is also a need for manpower to attend to more patients in the form of paramedical staff, support staff, doctors, and nurses. In addition, she thinks more hospitals should be introduced in smaller towns and cities so that people from these underserved areas can also get quality treatment.
The healthcare sector is set for robust growth in the next 5-10 years, with the industry expected to reach a size of $50 billion in the country by 2025.
The Government is working on all strategies to revolutionize the sector in the next few years by focusing more on innovation, technology, and R&D. She thinks this will help all those involved in the hospital industry by being able to offer more advanced forms of treatment and medication at an affordable cost. At the same time, the technological disruption in the industry cannot be ignored, considering the dramatic rise of telemedicine during the pandemic and the introduction of new-age technologies like AI and virtual/augmented reality.
Advice to the new Industry Leaders
The advice that I would like to give to newcomers is that healthcare is a noble industry where you can earn money and give back to society. Do not consider this industry only for making profits as we are engaged here 24X7 with the customers’ emotions along with the emotions of the staff, doctors, and all those who are involved in the business. We must have that noble vision when we are entering this industry. In the end, I would like to say that for an entrepreneur, your energy also counts. You have to match a high-vibration frequency environment, so you have to have that dynamic character with very high energy in order to sustain the business. If you can leave your comfort zone and are ready to work in a dynamic, fast-paced environment, then you can consider this field as an entrepreneur. – Pritika Singh
Conclusion
For an entrepreneur, energy also counts. You have to match a high-vibration frequency environment, so you have to have that dynamic character with very high energy in order to sustain the business. If you can leave your comfort zone and are ready to work in a dynamic, fast-paced environment, then you can consider any field as an entrepreneur.
FAQs
Who is the CEO of Prayag Hospitals Group?
Pritika Singh is the CEO of Prayag Hospitals Group and she has been a game-changer in healthcare.
When was Prayag Hospitals Group founded?
Prayag Hospitals Group was incorporated on June 20, 1996.
Where is Prayag Hospital located?
Prayag Hospital is located in Sector 41, Noida, Uttar Pradesh 201301, India.
There are a lot of negatives associated with the word “Black” when asked, “what does it stand for?”. For a very long period, people of colour and the black community have been misunderstood to a point that they at times feel apologetic for being black. There is a lot of frustration with the violence, racism, and underrepresentation faced by people of the Black race simply because they are Black.
There are powerful leaders like Malcolm X, Muhammad Ali, Martin Luther King Jr. and many more from the black community who, even when faced with struggles, barriers, misconceptions, racism and other problems have continued to show what it means to be black and proud.
Their work and identity reflect and continue to empower the community and give them the representation that is needed. Let’s look at the top black CEOs of America. These powerful people have shattered barriers and created role models for people of colour to look up to.
It is the 21st century and discrimination still persists. In general, black people are not promoted to leadership positions as often as others are. Only four CEOs Roz Brewer, Thasunda Brown Duckett, Marvin Ellison and René Jones made it to the list of leading Fortune 500 companies in the year 2021. One of the most talked-about CEO this year Elon Musk’s Tesla was ranked at the 100 in 2021.
We have curated a list of the black CEOs that have been successful in leading some of the top organizations working in industries as diverse as healthcare to consumer goods. Besides rescuing businesses that had their heads above water in diverse industries, these leaders have created space for inspiration for their community in the USA.
Here’s a list of the top 10 Black CEOs in America
1. Muhga Eltigani
Founder & CEO: NaturAll Club
Headquartered in: Philadelphia, Pennsylvania
Term: 2015 – Present
Industry: Consumer Goods
Muhga Eltigani, Founder of NaturAll Club
Being excited about how women are leading from different dynamics and emerging as leaders in today’s society, Mugha said:
I want to be a part of that. And I want to give back.
Her passion for helping the community love and inspire itself is one of the things that drives her to keep at it. She graduated from the University of Pennsylvania with a Bachelor of Arts in International Relations; African Studies, and Religious Studies, Muhga Eltigani is a Founder/Chief Executive Officer at NaturAll Club.
NaturAll provides a subscription-based service that aims at promoting clean beauty standards with hair products that are freshly made using ingredients such as avocados, bananas and coconut crème. These ingredients are found to help hair become healthier. The products can be customized according to the person’s hair care needs.
Having a conflicting relationship with her hair, she was inspired by the homemade products of African women while interning in Ghana and visiting family in Sudan. Mugha began experimenting with natural ingredients in her own hair when she decided to embrace the idea, and later shared these recipes on her YouTube channel.
Let go of her law school, making the move to build a startup with co-founder Sam Roberts, pooling in her own personal savings for the NaturAll Club. She has been an active member of various societies including Sphinx Senior Society, Onyx Honor Society and Sigma Loto Rho.
Achievements of Muhga Eltigani
Eltigani has been honoured by Forbes 30 Under 30, Inc. Magazine’s 30 Under 30 in Business, Business Insider, and Essence and received awards that include:
Stephen Wise Award (Office of the Chaplain at Univ. Of Pennsylvania—April 2014)
Human Rights Award (Jubilee School – May 2014)
Sigma Iota Rho (International Relations Honor Society)
Black Alumni Association Student Leadership Award (University of Pennsylvania, April 2014) (Academic Year 2012-2013; Summer 2013) Sphinx Senior Society
Foreign Language and Area Studies Award
Onyx Senior Honor Society
2. Oprah Winfrey
CEO: Oprah Winfrey Network (OWN)
Headquartered in: Los Angeles, California
Term: 2011 – Present
Industry: Entertainment
Oprah Winfrey, Founder and CEO of Oprah Winfrey Network
The biggest adventure you can take is to live the life of your dreams – Oprah Winfrey
Oprah Winfrey has achieved it all, from writing a book to hosting her own talk show. She is an actress, producer, publisher, innovator and philanthropist. But just in case it escaped your notice, she is also the CEO of the successful cable networkOprah Winfrey Network (OWN).
OWN is a joint venture between Harpo, Inc. and Discovery Communications. It was available in 85 million homes when it launched on January 1, 2011. Inspired by the iconic leader herself, she attracts superstar talent to join her in prime time, building a global community of like-minded viewers and leading that community to connect on social media and beyond.
According to a Forbes report for 2020, it was estimated to be 37 million. The net worth of Oprah Winfrey as of 2022 is 3.5 billion dollars.
The global media leader has been involved in various activities, volunteering for the Oprah Winfrey Leadership Academy Foundation and Angel Network.
Achievements of Oprah Winfrey
Oprah has received the following awards for her work:
Academy Award for Best Supporting Actress: The Color Purple: Nominated (1986)
Won Jean Hersholt Humanitarian Award in 2011.
Was awarded the Presidential Medal of Freedom in 2013.
Academy Award for Best Picture: Selma: Nominated (2015)
3. Dr Tony Coles
President, Chairman, and CEO: Cerevel Therapeutics
Headquartered in: Cambridge Massachusetts
Term: 2018 – Present
Industry: Pharmaceutical manufacturing
Tony Coles, CEO of Cerevel Therapeutics
Dr Tony Coles is the CEO of Cerevel Therapeutics. He has also worked for the following organizations in the past as the CEO:
Ex-CEO of TRATE Enterprises, LLC
Ex-CEO of Yumanity Therapeutics
Ex-CEO of Onyx Pharmaceuticals, Inc.
Ex-CEO NPS Pharmaceuticals, Inc.
Dr Tony Coles has earned the following degrees:
B.S. degree from Johns Hopkins University in Baltimore, Maryland
M.S. degree in public health from Harvard University in Cambridge, Massachusetts
And his M.D. degree from Duke University in Durham, North Carolina.
Before working for Cereval Therapeutics Dr. Cole has also worked with, ACE inhibitor drugs, LLC, Merck & Co., Onyx Pharmaceuticals, TRATE Enterprises, Vertex Pharmaceuticals, and Yumanity Therapeutics.
Cerevel Therapeutics operates as a clinical-stage biopharmaceutical company, which was formed through a partnership with Pfizer and Bain Capital in the year 2018. The company incorporates an understanding of the biology and neuro circuitry of the brain with advanced chemistry and central nervous system (CNS) receptor pharmacology. To help discover and develop novel therapies focusing on neuroscience diseases. The pharmaceutical manufacturing company has its funding from Crunchbase itself.
Tony Coles is an active member of multiple communities and national organizations, such as:
The board of trustees at Johns Hopkins University and Johns Hopkins Medicine
NPS Pharmaceuticals, Inc.
The Smithsonian’s National Museum of African American History and Culture
The board of trustees for the Metropolitan Museum of Art in New York, and the Council of Foreign Relations.
Tony Coles is a director at:
Campus Crest Communities, Inc.
Laboratory Corporation of America Holdings
McKesson Corporation, and Regeneron Pharmaceuticals, Inc.
Paralympic Foundation
The U.S. Olympic
4. Robyn Rihanna Fenty
Founder and CEO: Fenty Beauty and Clara Lionel Foundation
Headquartered in: San Francisco, California
Term: 2017 – Present
Industry: Cosmetics
Rihanna Fenty, founder and CEO of Fenty Beauty and Clara Lionel Foundation
“It’s important for me to know who I am. There’s no way for people to know me.” – Robyn Rihanna Fenty
Born in Barbados in 1998 Rihanna has a history of a rough past with her parents’ divorce. In her teens, she enjoyed making music with her classmates and was eventually introduced to record producer Evan Rogers by her friends.
Travelling to Connecticut to work on her four-song demo album that included “Pon de replay” which later became her first hit single. Impressed with her singing skills Jay – Z collaborated with her on one of her other albums Music of the Sun which became platinum. Since her career took off Rihanna has been on a successful journey. She is an actress, a singer, a businesswoman and a mom.
The makeup line that was launched by the fashion, music and beauty icon: Fenty Beauty is very well known. Riris’ cosmetic brand was launched with the aim of inclusivity inspired by her personal style, which has made her a billionaire. Rihanna is the founder and CEO of Fenty Beauty.
Since the launch of the brand, it has become a label for disruption of the market and expansion into other domains as well through collaborations. This includes Fenty Beauty, Fenty Skin, Savage × Fenty.
She has also been involved in charity work. She started to honour her grandparents, and she is the founder of the Clara Lionel Foundation which supports health and emergency response programs and effective education around the world. One of her most recent investments includes Destree.
Achievements of Rihanna Fenty:
Being listed as one of theTop 100 Most Influential People by Time magazine.
Became the Creative Director for the brand Puma in 2014.
Winning 9 Grammys, 12 Billboard Awards, and two BRIT Awards.
Expanding her brand from Fenty Beauty, Savage × Fenty, and Fenty Skincare.
5. Marvin Ellison
Chairman, President & CEO: Lowe’s
Headquartered in: Mooresville, North Carolina
Term: 2018 – Present
Industry: Retail
Marvin Ellison, CEO of Lowe’s
“One of our core behaviors is to show courage, and I ask you to demonstrate that by raising opportunities that need to be addressed.” –
Lowe’s continues to fulfil its commitment to improving the homes and businesses of homeowners, renters, and professionals. It has grown from a small-town hardware store to one of the largest home improvement retailers around the globe. The company has more than 2,200 stores and approximately 300,000 workers in the USA and Canada and generated revenue of $96.3 billion in 2021.
Before joining Lowe’s Marvin served as chairman and CEO of J.C. Penney Co. He is also the first African American to be President and CEO of two Fortune 500 companies.
His early life was marked by poverty and the limitations of living in rural and impoverished conditions. Despite these challenges, he majored in business at the University of Memphis. Juggling odd jobs, he managed to pay for his tuition fees.
Graduating with a Business Administration degree in Marketing and later earned his MBA at Emory University in Atlanta, Georgia. He built his career in retail. He has worked for Target, Home Depot, Global Logistics, and JCPenney.
After leaving JCPenney, he joined Lowe’s and became CEO in 2018. The result of his leadership was an increase in the stock price of the company and its ranking on the Fortune 500 list of America’s 500 largest corporations by revenue.
The committees Marvin is a member of:
FedEx Corporation, Board Member
Retail Industry Leaders Association, Board Member
The University of Memphis, Board of Trustees
The Business Council
Marvin with his wife Sharyn is committed to serving within their faith and communities. Mainly through the support of organizations that promote higher education, self-empowerment and excellence for minority youth.
“Dreams do come true, but not without the help of others, a good education, a strong work ethic, and the courage to lean in” – Ursula Burns
Known as among the first black women to be a CEO and succeed as the head of a Fortune 500 company. Born in New York and raised in a low-income housing project in Manhattan Ursula was raised by a single mother.
She obtained a bachelor of science degree in the field of Mechanical Engineering from the Polytechnic Institute of New York University in Brooklyn and a Master of Science from Columbia University. She joined Xerox as a summer mechanical engineering intern and later became a full-time employee there.
She was appointed as the CEO of Xerox Holdings in the year 2010. She led the company to success, turning it into a valuable business. In 2015 the company generated $18 billion in revenue. She stepped down from the position of the company after Xerox was split into two publicly traded companies: Conduent and a newly created Xerox.
Xerox Holdings Corporation is a holding company. The Company provides printers, scanners, supplies, and accessories through its subsidiaries. The company also serves the health care, insurance, government, and retail sectors across the globe. Xerox had previously focused only on document technology, for which Ursula was named as chairwoman, a $1 billion division.
Achievements of Ursula Burns:
Serving as Chairwoman of VEON in 2017
Being the first African-American woman to lead an S&P 500 company.
Being a founding member of Change the Equation, a CEO-led non-profit program to boost STEM education in 2010 that was launched by the Obama administration.
Being a member of the Uber board of directors.
7. Don Thompson
Former CEO: McDonald’s
CEO: Cleveland Avenue
Headquartered in: Chicago, Illinois
Term: 2015 – Present
Industry: Restaurant
Don Thompson, Former CEO of McDonald’s
Born in 1963, Chicago Don Thompson paved the way for the many firsts in the history of McDonald’s for the black community. He pursued a bachelor’s degree in electrical engineering from Purdue University in Indiana. Graduated with a defence systems job as an engineering specialist with the Northrop Corporation in the Chicago suburb of Rolling Meadows.
Starting as a robotics engineer at McDonald’s he worked for the company for twenty-three years. As he was promoted, he also became the first Senior Vice President and Restaurant Support Officer for the company in the Midwest division. As a CEO, the job definitely came with many challenges as it required constant travelling for him.
He developed innovations for the global market during his time as an executive. He made impressive changes overseeing the menu that was curated based on local markets, field operations, and more. As a result, the company’s improvement rate and success increased. Thompson served as the CEO of the world’s fastest-growing food chain: McDonald’s globally for five years, which made history.
MC Donald’s is the place that truly stands for food, folks and fun where you can unwind and spend some quality time with your loved ones over food. Be it for birthdays or breakfast, MC Donald’s has become the go-to place for people of all age groups.
Quoting on what it felt like being the CEO: Thompson admitted that he had not given much thought to the question of what it would be like to be the CEO of McDonald’s, but nevertheless grabbed the opportunity when offered the role not just for his benefit, “but for those who look like us and came up like us”.
Don Thompson served on the Board of Directors for the following companies:
McDonald’s Corporation, Ronald McDonald House Charities, Catalyst, Northwestern Memorial Hospital and Purdue University
Don Thompson is a member of the following organizations:
The Civic Committee of the Commercial Club
The Economic Club
World Business Chicago
and the Brazier Foundation
Achievements of Don Thompson
He was the first black CEO at McDonald’s in almost a century of history.
He has been listed as Black Enterprise’s 2007 Corporate Executive of the Year.
One of BLACK ENTERPRISE’s 100 Most Powerful Executives in Corporate America.
After quitting his job, he still continues to engage himself in different initiatives to empower the black community. Thompson currently is the CEO of Cleveland Avenue Foundation for Education (The CAFE) which he founded in 2014 with his wife Liz Thompson with the goal of bringing equity to the black community and breaking racial barriers. Currently, he lives with his wife Elizabeth and two children near Chicago Land.
8. Mary Winston
Former CEO: Bed Bath & Beyond
Term: 7 months
Headquartered in: New Jersey, New York
Industry: Retail
Mary Winston, Former CEO of Bath & Beyond
Winston is a well-respected leader who has served as an EVP & chief financial officer for a large fortune 300 retailer, as well as two other large companies, leading sizable financial organizations for years on large public company boards and audit committees for many years.
She is also the first black woman to head a Fortune 500 company after Ursula Burns and islisted as one of the most powerful women in corporate America.
Winston has extensive experience in all aspects of finance and accounting, as well as M&A, organizational strategy, cost restructuring programs, corporate governance/ compliance, and investor relations/communications.
This e-commerce business dealing with retail has a wide range of categories some of which include: bedding, bath, kitchen, dining, storage and cleaning and much more. Aiming at one goal: making people feel at home. In addition to this, the company fosters a culture that is diverse and equity-based, as well as customer-centric.
The corporate and retail industries are now the only industries that she has experience with; the others include retail, publishing/media, manufacturing and pharma.
Her public boards and memberships include:
Acuity Brands, Inc.
Chipotle Mexican Grill, Inc.
Dover Corporation
Achievements of Winston
Corporate Directors to Watch, Issued by Directors & Boards Magazine—Jan 2017
Most Powerful Corporate Directors Issued by Savoy Magazine, January 2016
Most Powerful Women in Business in 2015, 2010, 2006
9. Ted W Love
CEO: Global Blood Therapeutics
Headquartered in: South San Francisco, California
Term: 2014 – Present
Industry: Biotechnology
Ted Love, President and CEO of Global Blood Therapeutics
Ted Love is the president and CEO of Global Blood Therapeutics. Earned his B.A. in molecular biology from Haverford College and an M.D. from Yale Medical School. He completed his residency and fellowship training in internal medicine and cardiology at Harvard Medical School and Massachusetts General Hospital. He later served as a faculty member in the department of cardiology there.
Global Blood Therapeutics has a history of ten years of remaining committed to its goal of changing the paradigm of how SCD (sickle cell disease) is treated. They develop and create treatments for people living with blood-based disorders, starting with sickle cell disease. GBT has also developed the first drug that was approved by the FDA targeting the underlying cause of sickle cell disease rather than just its symptoms.
He has held a variety of positions in the pharmaceutical and biotechnology industries.
President, Chief Executive Officer and Chairman of the Board of Directors at the Nuvelo
Served as Senior Vice President of Development at Theravance Inc.
Worked at Genentech, Inc. holding several senior management positions
Chairman of Genentech’s Product Development Committee
He has been on the following boards:
Bio-Rad Laboratories, Inc.
Predix Pharmaceuticals, Inc.
Santarus, Inc.
Affymax, Inc.
ARCA biopharma, Inc.
The California Institute for Regenerative Medicine (CIRM) Independent Citizens’ Oversight Committee)
10. Toni Newman
CEO: Black AIDS Institute
Headquartered in: Los Angeles
Term: 2021 – Present
Industry: Healthcare
Toni Newman, CEO of Black AIDS Institute
She has earned her identity and is proud of it, facing challenges like finding herself in a world where she fought to earn it. Despite losing her family and friends’ support, employment and shelter. Toni still found the courage to continue to seek the path that was right for her. The estimated Net Worth of Toni Newman is $1 million dollars.
Toni Newman is a member of the African American transgender community. Born in North Carolina, she earned her BA degree in sociology from Wake Forest University and has been studying at the ALU School of Law, a current candidate for her Juris Doctorate (JD).
Toni Newman is also the author of the best-selling memoir I Rise-The Transformation of Toni Newman, which has been nominated for two Lambda literary awards in the categories of memoirs and transgender non-fiction. Which was also adapted into a feature film with the title “The Heart of a Woman”
Committed to ending the HIV epidemic formerly known as the African American AIDS Policy Training Institute. It was founded by Phil Willson in 1999. Black Aids Institute is a national non-profit organization making people aware and ending HIV in black America while engaging and working with black institutions and leaders.
Newman has experience working in:
Chair Of the Board of Directors for TransCanWork, Inc
Faculty Member at Transgender Strategy Center
Co-Founder/CEO at SPI Productions LLC
Interim Director of Employment Services at SF LGBT Center
Executive Director at JAMES ST. JAMES INFIRMARY
Development Director at Maitri compassionate care
Fundraiser/ legislative assistant at Equality California
Interim Director of Development and Communication at T.H.E. (To Help Everyone) Health and Wellness Centers
Overcoming barriers, shattering stereotypes and paving the way for future generations. They have proven what they bring to the table and what they can do to create change, as black CEOs with the power to lead. All the while giving back to their communities will drive success at some of the most successful organizations in America.
FAQs
Which company has black CEO?
Some of the companies that have black CEOs are:
Craig Arnold, Eaton
Rosalind ‘Roz’ Brewer, Walgreens Boots Alliance
Thasunda Brown Duckett, TIAA
Marvin Ellison, Lowe’s
Janice Bryant Howroyd, ActOne
Paul Mola, Roswell Biotechnologies
Toni Newman, Black AIDS Institute
Who was the first black woman CEO?
Ursula Burns was the first black woman CEO. She became the CEO of Xerox in 2009.
Who was the first black CEO?
Clifton R.Wharton, Jr. was the first black CEO of TIAA-CREF he took the charge of the company in 1987.
The Indian industrial and automobile sector is one of the most influential contributors to the financial growth of the country. Now, amongst all the big names in the Indian automobile sector, the mane of Anand Mahindra is one to reckon with. He is the chairman and Managing Director of Mahindra and Mahindra, the largest Indian automobile company. As the country grows in the startup sector, Anand is one of the names who have helped the country grow in this sector.
So, Anand Mahindra: The face of the Automobile Industry, How? Let’s take a look at the success story of Anand Mahindra that how he becomes such a great leader and the face of the automobile industry.
Anand Mahindra – Biography
Name
Anand Mahindra
Born
1 May 1955, Mumbai
Age
65
Citizenship
Indian
Education
Lawrence School, Harvard University, Harvard Business School
As per Forbes, Anand Mahindra’s Net Worth stands at 200 crores USD (2021). In India, Anand has elevated the Mahindra Group from a jeep and truck producing firm to a multi-national company. The company produces Utility Vehicles, Multi Utility Vehicles, and Sports Utility Vehicles.
Apart from the Mahindra Group, Anand is also a co-promoter of Kotak Mahindra Bank. This company became one of the leading private sector banks in 2003. Well, talking about Anand’s net worth, Anand’s flagship company Mahindra Group is about USD 1.1 billion.
Anand Mahindra was born in 1955. His family was already into a well-known business and Anand had shown keen interest in his grandfather K C Mahindra’s business and subsequently, he joined the company. Anand’s education include graduation from Harvard College, Massachusetts, and in addition to it he has pursued his MBA from the prestigious Harvard Business School, Boston. Also, he was a very active member of the Phoenix S.K Club. Anand In 1981, he returned to India to join Mahindra Ugine Steel Company. He was appointed the post of Executive Assistant of the company.
He took giant strides in Mahindra. In 1989, he paved his way to the post of the President and Deputy Managing Director. Under his leadership, the company became one of the biggest names in the business sector. He diversified the company into a new business area. These areas were about real estate too!
His efforts to make the company successful in multiple fields were successful as he was appointed the Deputy Managing Director in 1991 and Managing Director in 1997. In the year 2003, Anand was appointed as the Vice-Chairman of the company.
Anand Mahindra – A Leader
Under Anand’s guidance and leadership, the company was successful in setting an international benchmark for other brands to follow. Anand is responsible for making the Mahindra group an efficient and aggressive competitor in the liberalized economy. A rapid growth in terms of acquisitions, as well as Greenfield business development, was experienced in the country.
One of the major instances which fueled the growth of the company was the launch of Scorpio. The SUV came into the market in 2002. Anand, with his sheer belief, Anand played the game of risk and as a result, was the winner! Scorpio, the mighty SUV made positive impressions on the company’s growth and came out as the winner.
Anand Mahindra – India’s First Leadership Talk Series
Mahindra Group’s automobile sector now makes a wide range of products. Under Anand, the company had a successful stint with LCVs and three-wheelers. Presently, Mahindra Group is a market leader in the UV segment and its empire is growing day by day.
Now, the company has shifted its focus on developing components and offering engineering services. With a plethora of strategic acquisitions of plants in China and the United Kingdom, the company has been growing day by day. Mahindra Group has international partnerships with mega-brands like Renault SA, France, Nissan, and International Truck and Engine Corporation, USA.
In the circuit, Mahindra Group, earlier known as Mahindra and Mahindra have evolved as a giant. It is a conglomeration of many companies that have united with a common purpose. Presently, Mahindra and Mahindra enjoys a superior position in various industries like utility vehicles, information technology, tractors, and many vacation ownerships. Anyone can estimate its growth by analyzing the developments in retails, defense, financial services, and logistics.
Mahindra Logo
Anand Mahindra – Awards and Recognition
Mahindra has many awards under his belt. He was honored with the prestigious Rajiv Gandhi Award for his outstanding contribution to the business sector. He was also honored by the Economic Times, they had honored him by the Business Leader Award in 2008-2009.
Apart from that, he won the award for the most inspiring leader in 2007 by NDTV. He has won several international awards too, the President of the French Republic conferred him with the knight of the Order of Merit. He was adjudged as the Person of the Year from Auto Monitor in 2006. In the entrepreneurship field, he had won the Asia Business Leader Award in 2006. Recently, he was ranked amongst the most influential men and women in Mumbai by Daily News and Analysis.
Anand has donated USD 10 million to Harvard’s humanities center. Well, you might be surprised to know that this was the largest donation received by Harvard! Anand also keeps a keen interest in education. Apart from being a trustee of KC. Mahindra Education Trust, he is also on the Board of Governors of the Mahindra United World College of India.
Anand was instrumental in initiating the Nanhi Kali program in 1996. This foundation aimed to provide free education to the economically underprivileged female children of the country. He is also a Trustee on the Board of The Naandi Foundation. This foundation aims to provide academic support and daily meals to 1.3 million children in government schools.
Under Anand’s stewardship, Mahindra and Mahindra have grown into one of the biggest companies in the country. He has employed more than 117,000 people. Mahindra and Mahindra are present in over 100 countries. Therefore, is instrumental in the development of the automobile sector worldwide.
Anand Mahindra – An Inspiration
Anand has been one of the greatest entrepreneurs in the country. By his charitable works, he has helped millions of people to achieve their dream and hence, will remain as the biggest name in the startup sector. His work ethic and willingness to serve the public has made him the biggest personality of the automobile sector. Now, as our country is developing, Anand is more of the representative of our development on the international stage.
FAQs
What is the net worth of Anand Mahindra?
Anand Mahindra has net worth of 200 Crores USD as of 2021.
Is Anand Mahindra a billionaire?
Yes, Anand Mahindra is an Indian Billionaire.
What is the no. of employees in Mahindra Group?
There are around 2,50,000 employees in Mahindra Group.
There is nothing more motivating than receiving awards and getting recognized by award committees, especially for start-ups. Entrepreneurs’ hard work pays off when their business makes it into the market and people start appreciating its products or services.
But, how do start-ups get recognized by award committees and how do we apply for it? There is a procedure as to how you can take your business to the next level. Surprisingly, getting nominated for business awards might not be as tough as you might think.
Winning a business award can be easy but most start-up owners are not bothered even to at least try for it. Given below is the complete process to apply for business awards.
Receiving awards is the ultimate motivation for business owners. Here are steps to follow and apply for business awards.
Step 1. Locate Awards
The first step would include clarifying the types of awards that you want to apply for. Do not waste time on awards that your business will never be able to win. There are two different parts to ensure that you are applying for the right awards.
The first part is to make sure that your business qualifies for the awards that you are applying for. Certain entries need to be made like the type of industry, location of the business, and the size of the business.
The second part is to make sure that applying for those awards that your business does well. Study your business well and note down the strengths of your business. For example, if your business is known for excellent delivery services, apply for a similar category.
Knowing about the achievements made by your competitors will give you an idea about choosing to apply for the right awards. Visit the official websites of your competitors and see what awards and achievements they have made.
Look and analyze those awards that your competitors have won the most number of times. Applying for the same category and winning could give you a chance to break the winning streak of your competitors.
Step 3. Look into the National Awards
India 5000 Business Awards
Operating a small business does not mean you cannot look into national awards for your business. Last year, a Bangalore-based start-up named Mandya Organic won the national award under the agricultural sector award.
Based on your business’ services or the products that it is offering you can look into similar categories of awards. Winning national awards will not only market your products and services but will create a sense of recognition in people’s minds. The competition will be fierce if you apply for national awards. Some of the most reputed and prestigious awards that you can apply to are:
Quality Mark Award
India 5000 Best MSME Awards
Emerging Entrepreneurs
Golden Peacock Awards
Small Business Awards
Emerging India Awards
Small Business Awards
Step 4. Look into Industry Awards
There are special awards for each type of industry for the best businesses within that industry. Try to check with the trade publications, magazines, and industry websites to check whether they have any kind of business awards for your business.
Also while looking into industry awards in various places do not miss out on the local awards. Local magazines, local newspapers, local Chamber of Commerce might have certain programs that might gain your attention. Winning local awards might not give you recognition as compared to after winning a national award but it still matters a lot.
Step 5. Start your Application Process
As soon as you find awards that are the most suitable for your business start applying for them without wasting a minute. Start the application process so that you don’t miss out on the opportunity.
If there is more than one award that you are applying then make a schedule to fill them all out. During the weekends when you are free or at night fill out all the forms and submit them. Your time will get paid off once you win the award.
Step 6. Design a proper written application
Before you do anything else make sure you plan your written applications properly. Sit down, relax and start writing down the figures and facts that you want to mention in your application. Keep your key points ready by making a list of them.
If you want you can note down or provide additional information but try not to miss out on anything that could be crucial for your business. Check out the list against the requirements of the award so that your business has a fair chance of winning.
Step 7. Submitting the application form
You have worked hard so that your business can get recognized by more people. You have to submit your application because it would be useless if you do not submit it.
Before submitting the application form let your family members proofread it once so that they can point out mistakes (if there are any). Check that all the documents attached with the application form are correct and updated to prevent issues later on. Wrong information or attachment could straight away disqualify your application. Keep a copy of your application so that in the future you know preparing for it step by step.
Step 8. Earning the award
After you have submitted your application form there is nothing else that you can do now. Keep patience and wait for the results to be announced. Winning the award does not mean your hard work has come to an end because you still have to showcase your business to the world.
To make that happen prepare a good story of your business because people love to hear something new and that’s what will give your business a stand-out advantage. Explain your hardships and the dedication that you made to developing your business.
Where To Apply For Business Awards?
Applying for business awards is easy but from where? There are some online websites where you just have to register your company to apply for business awards.
It is a great feeling to win an award especially if it is for your start-up business. Winning awards and achieving great things will become the only motivating factor once you do good in the business world.
FAQs
How to get nominated for the local business awards?
To get nominated for the local business awards follow the steps given below:
Visit the local business official website
Submit coupons that should be provided by the local media partner
Submit coupons located at their favorite business premises.
Which are the most prestigious business awards in the world?
The most prestigious business awards are:
Scale-Up Awards
Growing Business Awards
International Business Awards
European Business Awards
Great British Entrepreneur Awards
Why winning awards are important?
Winning awards will not only create market value but is good for the credibility of your company. New business and new contracts will flourish once a company starts winning prestigious awards.
