21 January 2018

SABBATH - Henry John Heinz, A Story of Faith, Vision and Horseradish

His Mom Talked Him Out of Preaching, But His Life Spoke Volumes to The World


Image result for Henry Heinz
Henry John Heinz 1844-1919
Henry John Heinz was a nineteenth century Christian businessman who founded the Heinz company. Heinz based his business on Christian principles and proclaimed that his success was a direct result of his faith in God. 

H. J. Heinz Company was incorporated in 1905, and Heinz served as its president until he died in 1919. Under his tutelage, the company was noted for the fair treatment of workers and for pioneering safe sanitary food preparation.  He provided his employees with free medical care; Recreation facilities such as gyms, swimming pools, and gardens; and, Educational opportunities such as libraries, free concerts, and lectures.

Heinz was active in raising the standards for national food safety at a time when protection was limited to a hodgepodge of municipal regulations, if any. He led a successful lobbying effort which created the federally enforced, Pure Food and Drug Act in 1906. During World War I, he worked with the Food Administration to secure safe rations for the troops and others impacted by the war and war effort. 

The journey to create the H. J. Heinz Company was fraught with early challenges. Heinz began packing foodstuffs on a small scale at Sharpsburg, Pennsylvania, in 1869. His first product was pickled 'horseradish' using his Mother's recipe and the famous white roots he grew on a small plot near his home.

The success of this home based venture led him to create Heinz Noble & Company with a friend, L. Clarence Noble. The company succeeded in commercializing the packing of horseradish but ran into trouble and finally went bankrupt in 1875.

Heinz was undeterred from his vision to create safe food products. With a promise to repay creditors, he founded F & J Heinz, with his brother John Heinz and a cousin Frederick Heinz. This company produced tomato ketchup, a product that lead the market and allowed them to grow rapidly. Expanding in North America and internationally, the company succeeded so that Heinz was able to  buy out his partners in 1888. The company continued to create products that would support a rapidly growing and industrialized population around the world.

By 1896, the company was selling more than 60 different products. The slogan, "57 varieties," was introduced by Heinz and became the symbol attached to retailers who stocked Heinz products all over the world. The success Heinz experienced is often attributed to his early recognition of a globalizing economy and his passion for people (customers and employees).

Henry John Heinz was born in Pittsburgh, the son of German immigrants John Henry Heinz (1811–1891), of Kallstadt, Palatinate, Kingdom of Bavaria, and Anna Margaretha Schmidt (1822–1899), of Kruspis, Haunetal, Hesse-Kassel. His father John was a member of the Lutheran Church and his mother Anna Schmidt was the daughter of a Lutheran minister. Perhaps her life as a minister's daughter was the reason she talked Henry out of his desire to become a preacher.

Though not a preacher, Heinz was a man of great faith. He was committed throughout his life to bringing out the best in people. This need to help people and make their lives better was for Heinz, the evidence a faith based life. Although raised as a Lutheran, Heinz also worshipped as a member of Methodist and Presbyterian churches and was also known for working closely with Baptists on various projects. Heinz was a noted director of financial institutions and lead  the committee to protect Pittsburgh from floods.

On his business trips to England, Heinz would stop by the graves of those he admired in the faith. Leaders like John Bunyan, Isaac Watts and John Wesley were revered by him. Upon visiting the chapel Wesley founded, Heinz noted he had been on "holy ground." The first paragraph of his last Will and Testament reads, "I desire to set forth, at the very beginning of this Will, as the most important item in it, a confession of my faith in Jesus Christ as my Savior."

H J Heinz Bronze by Emil Fuchs, October 1924
Heinz died at his home on May 14th, 1919, after contracting pneumonia. His funeral was at East Liberty Presbyterian Church. He was buried at Homewood Cemetery in Pittsburgh, in the Heinz Family Mausoleum. At the time of his death, at the age of 74, the company had more than 6,000 employees and 25 factories. The company also owned seed farms, container factories and other elements of its value chain.

On February 14, 2013, Heinz agreed to be purchased by Berkshire Hathaway and 3G Capital for $23 billion. On March 25, 2015, Kraft announced its merger with Heinz, arranged by Berkshire Hathaway and 3G Capital. The resulting Kraft Heinz Company is the fifth largest food company in the world. 

Additional Information:

Scientific American

Wikipedia

YouTube, Warren Buffet on Buying Heinz

YouTube, Heinz Delivery Wagons

Heinz in 2 Minutes

Heinz goes to the Britain

When life hands you Tomatoes


On this Sabbath day, InfoStream hopes the Henry John Heinz story of faith, vision and horseradish will encourage you. May you live a life of service filled with Abundant Joy.

God bless!

About Executive Producer, Larry R. Evans:
Larry Evans is an experienced innovator and strategist. He is Principal of The Paradigm Corporation, which is headquartered at Thunder Ridge just outside Crossfield, Alberta, Canada. He is known for bringing a unique and predictive lens to paradigm shifts during a career that spans 45 years. Now often from his wheelchair, he brings a grounded, tenacious view of brand, ecosystems and trusted relationships for the digital age. His perspective and values influence his life, business and ministry.

https://www.linkedin.com/in/larryrevans
 

20 January 2018

VIDEO SATURDAY - Design Disruption, Collaboration, Looking Back, SMOOCH, Boundaries

We are pleased to present 10 minutes of viewing curated by InfoStream for your edification:


Design Disruption - GE Additive Engineer Josh Mook Revolutionizes Manufacturing with 3D Printing (2017 October, 3'12")



Collaboration creates excellence - IBM interviews NASA Administrator (CEO) Charles Bolden, (2012 August, 2'28")



Looking Back - Today will look like the "Model T Years at Ford", Haskayne School of Business, (2016 August, 2'06")



SMOOCH - Goodbye Useless Productivity Tools: Hello Digital, GE, (2017 February, 0'31")





Boundaries: Technology Moves Upstream, IBM (2015 November, 2'15")




19 January 2018

COLLABORATE - Gartner Webinars for Week 2018.4

Gartner Webinars


MONDAY, JANUARY 22, 2018
Presented by: Gareth Herschel
EST: 10:00 a.m. | PST: 7:00 a.m. | GMT: 15:00
  • The key trends in analytics
  • What to consider when making choices for your analytics strategy
  • How to identify and prioritize the right analytics trends for your organization
TUESDAY, JANUARY 23, 2018
Presented by: Whit Andrews
EST: 10:00 a.m. | PST: 7:00 a.m. | GMT: 15:00
  • What level of adoption artificial intelligence has reached
  • How you should prepare for artificial intelligence
  • Examples of artificial intelligence in action
WEDNESDAY, JANUARY 24, 2018
Presented by: Jorge Lopez, Don Scheibenreif
EST: 12:00 p.m. | PST: 9:00 a.m. | GMT: 17:00
  • What does scale mean in digital business and how you can leverage it to create value
  • What are the key barriers to digital scale and how do you overcome them
  • How you can use scale accelerators, such as digital dexterity, network effect technologies, and the digital platform, to deliver breakthrough value
THURSDAY, JANUARY 25, 2018
Presented by: Ken Chadwick
EST: 10:00 a.m. | PST: 7:00 a.m. | GMT: 15:00
  • Key drivers affecting how we organize supply chain
  • The challenges leaders must overcome in order to change
  • Five organizational design strategies to implement successful change
Presented by: Douglas Toombs
EST: 11:00 a.m. | PST: 8:00 a.m. | GMT: 16:00
  • How to foster and develop new job roles in the era of cloud
  • How to evaluate applications (both new and old) against service offerings from cloud providers
  • How to plan a cloud exit strategy and deal with concerns over lock-in

INVEST - Repatriation of Offshore Capital Begins

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Citigroup Says There is a Whopping $2.5 trillion of Capital Stashed Internationally by US Companies.


Apple's announcement on Wednesday shows the move to repatriate capital has begun. Apple will pay US$38B in US taxes on the cash it brings back to the US and claims it will add $US350B to the US economy over the next five years, create 20,000 new jobs and open a new Apple Campus.


On making the announcement, Tim Cook, Apple's CEO remarked:
"Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy. We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible."
Apple identified several investment priorities:
  • Growing Apple's US Operations and Direct Employment Over $10 billion of Apple's expanded capital expenditures will be investments in data centers across the US.
  • Investing in Apple's Domestic Suppliers and Manufacturing Partners Apple works with over 9,000 American suppliers in 50 states and each of Apple's core products relies on parts or materials provided by US-based suppliers.
  • Preparing Students for the App Economy Apple has a 40-year history in education and plans to accelerate its efforts across the US in support of coding education. Apple says there are more than 500,000 unfilled programming-related positions across the country and noted a US Bureau of Labor Statistic that predicts by 2020 there will be 1.4 million more software development jobs than applicants qualified to fill them.
Apple is just the first company to announce. In a late December article, Business Insider identified 14 companies that would benefit from President Donald Trump's new tax plan and included a slide analyzing each of the 14 companies.

The new Tax Policy provides two options for capital repatriated under this program:
  • Reinvestment into core businesses which is expected to have a direct bearing on economic expansion; or,
  • Repurchasing company shares which would be beneficial to the market since it signals that a stock is undervalued.
To give the repatriation discussion and numbers some context, InfoStream captured the market capitalization of the largest companies at the end of trading yesterday (18 January 2018).

  • US$920.38B World's largest Technology Company Apple
  • US$526.13B Largest US Conglomerate Berkshire Hathaway 
  • US$228.06B World's largest Telecom Company AT&T
  • US$220.49B World's largest Pharma Company Pfizer
  • US$145.43B World's largest Industrial Company GE

According to 24/7 Wall Street, the largest 5 US companies by market capitalization at October, 2017 were Apple, Alphabet/Google, Microsoft, Facebook and Amazon.

Two questions come to mind:
  1. Will there be an impact from taking this money out of foreign financial institutions and markets?
  2. Where can this capital be re-deployed in a market that is already awash with under employed capital?
One wonders if capital will be deployed to support innovation and earlier stage plays.