The Collapse of a Retail Dynasty - what are the lessons that can be learnt?
When I interviewed Founder & Cosmetic Guru Napoleon Perdis, I could not believe that 1 year later, his 30-year old dynasty would collapse. 😲
Was his empire a success or a failure? What legacy did this pioneer leave behind? What are the lessons that can be learnt?
Many criticis say Napoleon Perdis was 'doomed' due to its inability to remain competitive on a global scale, and failure to meet the demands of new-age customers. The Australian Financial Review implies this very clearly:
Whilst all these factors are somewhat true, I say that Napoleon was a true innovator; a risk-taker; a creative genius; a person that we Australians should deeply admire & respect for the entrepreneurial legacy he left behind.
As with all great empires like the Romans, and even pioneers like Galileo Galilei, eventually they all entire a stage of decline despite many years of success; or are imprisoned for their innovations and thought #leadership.
However, there is so much that we modern generation can now learn from their ingenuity & inventiveness. The importance of being ‘daring’ and ‘disruptive’ is also a key constituent to growth and success. Serial Entrepreneur Lisa Messenger expresses this very clearly in this article.
For me personally, I am deeply grateful to have met Napoleon, and learn about his vision, passion, and triumphant journey. He should be an inspiration to many aspiring entrepreneurs, thought leaders, CEO’s, and start-up Founders.
#success #motivation #entrepreneurship #innovation #business #coaching #retailing