"We are not there, where we want to be, but what I've seen is that we are changing, and that, step by step, our people are believing that they are being empowered to showcase a more entrepreneurial spirit."īut it's not just an internal exercise either, Knobel added- he pointed toward Henkel's corporate venture capital arms as a showcase of its forthright approach towards innovation, which runs under the slogan of "collaborate to innovate." There's Henkel dx Ventures, which is the corporate venture capital arm of Henkel Consumer Goods, while Henkel Tech Ventures represents the same for the Henkel Adhesive Technologies side of the business. Knobel, who started in his current role in 2020, replied that much like other corporates, Henkel too has been on a mission to ensure its agility even as it continues to grow. Indeed, Henkel CEO Carsten Knobel confirmed this to be a challenge when I asked him during an interaction in Düsseldorf about how he goes about ensuring that his company's culture stays true to the entrepreneurial principles with which it was founded. Now, it's one thing to make a statement that underlines the importance of innovation it's another thing altogether to have it actually engrained within a company that's of Henkel's scale. These two business units have allowed Henkel to see sales of EUR22 billion in 2022 (with an operating profit of EUR2.3 billon), with the company -whose Düsseldorf-based headquarters I visited this summer- proudly declaring that it is "leading the way to reimagine and improve life every day." Its portfolio thus includes everything from, yes, laundry detergents and haircare products (aka the Henkel Consumer Brands business), to adhesives and functional coatings (aka the Henkel Adhesive Technologies business). After all, while it may have come into being as a company that sold laundry detergent, Henkel is today a multinational enterprise that holds leading positions in both consumer and industrial businesses. Germany-headquartered Henkel has certainly come a long way since the business was founded in 1876 thanks to the entrepreneurial fervor of its eponymous founder, Fritz Henkel.
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