About him:
Born on August the 10th in 1814, Henri Nestlé (Born Heinrich Nestlé) was a successful German pharmacist and confectioner, famed with not only the creation of the Nestlé company (the largest food company (measured in revenues)), but also with the invention of the world's first infant formula (baby milk). Nestlé died from a heart attack on July the 7th in 1890.
Successes:
-The Nestlé company
-The invention of infant formula, soluble and instant coffees and the purchase of the concept of milk chocolate (he bought this from his neighbour). He did not invent milk chocolate, despite being credited for it.
Failures:
Nestlé had previously tried to market commercial carbonated water and lemonade, but had failed miserably on the former due to the crisis years of 1945 to 1947. It is unknown if his productions of absinthe and liquors had failed as well (presumably they had).
Calculated Risks:
One of the (maybe even THE) largest risks Nestlé had taken was his career change, from pharmacist to confectioner. Confectionery was a dangerous line of work, as at the time it was a new industry, and it could have collapsed as easily as it had been set up. Also, because he had worked with other chemists on developing the infant formula, releasing the product to the public may have resulted with the other chemists taking total credit for its creation.
Born on August the 10th in 1814, Henri Nestlé (Born Heinrich Nestlé) was a successful German pharmacist and confectioner, famed with not only the creation of the Nestlé company (the largest food company (measured in revenues)), but also with the invention of the world's first infant formula (baby milk). Nestlé died from a heart attack on July the 7th in 1890.
Successes:
-The Nestlé company
-The invention of infant formula, soluble and instant coffees and the purchase of the concept of milk chocolate (he bought this from his neighbour). He did not invent milk chocolate, despite being credited for it.
Failures:
Nestlé had previously tried to market commercial carbonated water and lemonade, but had failed miserably on the former due to the crisis years of 1945 to 1947. It is unknown if his productions of absinthe and liquors had failed as well (presumably they had).
Calculated Risks:
One of the (maybe even THE) largest risks Nestlé had taken was his career change, from pharmacist to confectioner. Confectionery was a dangerous line of work, as at the time it was a new industry, and it could have collapsed as easily as it had been set up. Also, because he had worked with other chemists on developing the infant formula, releasing the product to the public may have resulted with the other chemists taking total credit for its creation.
