Staying Afloat During Tough Economic Times, Naivas Strategy
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- čas přidán 25. 08. 2024
- GUEST: Andreas Von Paleske- Chief Of Strategy, Naivas
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#naivas #NaivasSupermarket
Your content is like a breath of fresh air in the CZcams space. Keep up the great work!
One of the best interviews on the channel! Very insightful!
Naivas customer service needs some improvement as do the variety of products in various stores.
This Was a very educative and informative interview.I See why Andreas Is the Chief Strategist His know his stuff. Amazing interview, Big Fun.
Been looking at the field closely & I agree with his feel of the market
Benin proverb, sounds very deep.
Asked why they have many branches :
Overseas Private equity finding their way in Kenyan retail
Ask them why they cant invest PE in agriculture sector and lift majority of Kenyans from poverty
Businessmen are just never the sharpest tools
Why is there a white face representing a local supermarket?Have the previous owners liquidated their shares to a point where foreigners have taken over?
Merit
@@edigin6 you have missed the point here
The owners were wise. Having seen what their cousins went through with Tuskys, it was a wise move to sell part of their company. It is the goal of any business person to eventually sell off part or all of their business for a profit. In any case, there are benefits for bringing outsiders into the business
@@jamesnyorotha8961 I disagree, why build a business to sell it off? Why not build a business that will ensure generations of family members will not have to struggle because you took the initiative to create an inheritance for them; that is the essence of why we create wealth, further they brought in outsiders who have a reputation of taking over and pushing out indigenous owners of businesses,20 years from now they will rewrite the story of how naivas s/mkt started and replace any black faces and names with theirs; claiming how their "innovation" changed a country- case in point Twiga foods ,this story line replays itself over and over again throughout history denying younger generations an example of a thriving indigenous owned business
You can't compare Twiga foods and Naivas. Twiga hasn't outlived the first generation, yet. Twiga had a Kenyan co-founder. In the case of Naivas, it was founded by a Kenyan. However, this is besides the point. The goal of any business is to grow it to such a point where it is valuable to sell it to outsiders. Tell me a business of Naivas' magnitude that is wholly owned by one person/family. 0.001% if they exist. That's why the stock market, for instance, exist. You create something valuable and sell it for a profit. Naivas sold a 30% stake for 6 billion shillings and the siblings retained some significant shareholding if (I stand corrected but I think they still control about 40%). The reason black owned businesses don't outlive the 2nd generation is because of your kind of thinking. Why struggle building a company that is valued at 10 billion yet you'd sell a 20% stake and inject fresh blood and thinking from a strategic investor? I will sell to outsiders because ther's know assurance of tommorow. Peter Munga sold his Equity bank stake for the business to be where it is today. Family bank, Nation media, KFC, NCBA...all these are examples of businesses that wouldn't be where they are if founders did not sell parts of the businesses strategically.
@@Mumbi.G
The guy is good at talking but try getting that company to explain why you can't replace a torn loyalty card, but you are limited to shouting your phone number, via their customer service email address and see if you'll get a line of response.