Quotes by Jochen Zeitz - Page 2

Everything is interconnected. The moment you take philosophy, psychology, religion and business and look at the underlying commonalities, that's when you start looking at business in a different way.
Jochen Zeitz /
Religion
Interconnected
Psychology
Moment
Start
Underlying
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I picked up the phone and called Herbert Hainer, the CEO of Adidas, and said, 'Well, it's Peace Day coming up. I think it's about time after 60 years to end this feud. How about doing something together?'
Jochen Zeitz /
Ceo
Feud
Herbert
Picked
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Look at timber prices in the late '90s, at around $50. If you count the true damage of cutting down forests, the resultant flooding, insurance claims, and so on, then the timber price should have been $100.
Jochen Zeitz /
Claims
Cutting
Damage
Flooding
Forests
Timber
Count
Insurance
Prices
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I believe in 'business has a force for good.' You know, business has an impact on society. Of course, it creates jobs. It creates prosperity, but on the other hand, we also leave a negative footprint behind.
Jochen Zeitz /
Footprint
Creates
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Puma was all about function and not at all about design. The founder of the company always believed functionality and performance were the only ingredients that could make Puma successful and design never mattered.
Jochen Zeitz /
Function
Ingredients
Founder
Mattered
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Obviously, South Africa is our most important market, but we are also gradually increasing our presence throughout East and West as well as North Africa. It is a continent with a lot of potential which we plan to tap into.
Jochen Zeitz /
East
North Africa
South Africa
Continent
Tap
Gradually
Increasing
Presence
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I was actually accepted into medical school in Italy. But then I wanted to come back and learn medicine in Germany. And while waiting, I decided to join a business school. I figured it would be useful for doctors to know some business as well!
Jochen Zeitz /
Medical
Accepted
Business School
Doctors
Germany
Medical School
Waiting
Useful
Figured
Italy
Join
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The company was ready to close its doors; there was real financial distress. But on the other side, there was high brand awareness, but that was negative because Puma was perceived as low-priced. It had lost its cachet. It was a well-known brand without a presence.
Jochen Zeitz /
Distress
Doors
Perceived
Presence
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I never felt that although we were based in Germany, Puma was and should be considered as a German brand. So we restructured it in a way that positioned us as a global brand, with English being the corporate language, rather than us looking at it from a German perspective.
Jochen Zeitz /
Corporate
Germany
Perspective
German
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When I started at Puma, you had a restaurant that was a Puma restaurant, an Adidas restaurant, a bakery. The town was literally divided. If you were working for the wrong company, you wouldn't be served any food; you couldn't buy anything. So it was kind of an odd experience.
Jochen Zeitz /
Divided
Odd
Bakery
Served
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We decided that sports, lifestyle and fashion were three elements that could be mixed together to a very unique formula. That's what we did: make Puma a very sports-fashion brand when, at the times, everybody talked about sports and sports performance and functionality. We said, 'Well, it's about more.'
Jochen Zeitz /
Elements
Functionality
Lifestyle
Mixed
Talked
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I call upon governments to start supporting companies to use more sustainable materials in their products instead of continuing with antiquated incentives, such as import duties on synthetic materials that are in principle much higher compared with those placed on leather goods regardless of the environmental footprint.
Jochen Zeitz /
Environmental
Continuing
Footprint
Goods
Incentives
Leather
Materials
Products
Synthetic
Antiquated
Sustainable
Duties
Governments
Import
Placed
Principle
Regardless
Supporting
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The old way of doing 'good business' was based on the principle, 'the ends justifies the means.' In the future, good business will invoke 'the means justifying the ends.' The E P&L can already serve as an important tool to help this shift in commerce from generating profits with collateral damages to profits with collateral benefits.
Jochen Zeitz /
Benefits
Collateral
Commerce
Doing Good
Invoke
Future Good Business
Damages
Future Business Good
Generating
Important Tool
Justifies
Principle
Profits
Shift
Tool
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Jochen Zeitz Quotes - Page 2

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