Innovation Leadership Essay

2015 words - 8 pages

Innovation Leadership ProjectInnovation leadership ProjectDarlene LaBarreMBA6006 Foundational Skills for Business LeadersInnovation 8Capella on LineAbstractProcter and Gamble (P&G) was formed by William Procter a candle maker and James Gamble a soap marker on the 31st of October 1837. It is an American multination consumer good manufacture and one of the largest in the world. It manufactures products ranging from beauty and grooming, pet food and household and fabric care, baby and family home care products and has its headquarters in Cincinnati, Ohio USA.P&G had about 80 staffs between 1858 and 1859 and sales reached $1million. Winning several contacts from the Union Army during the American Civil War to supply candles and soap earned P&G a lot of profit also expanded its market by introducing military personals all over the country to P&G products.Operation and brandsThrough acquisition, P&G became an international corporation in 1930. It operates in 80 countries, has approximately 135,000 employees and has 50 brands which well-known in about 180 countries. Their brand amounts to more than 90% of its sales and profit. 26 of its leadership brands produce more than a $1billon each in net annual sales. (P&G, 2012).P&G' touches the life of people around the world with it brands which includes Always, Ariel detergent, Bounty, Charmin, Crest, Downy, Gillette, Lams, Olay, Pampers, Pantene, and Tide. (Olympics, 2011).It used to produce food and beverage products prior to the sales of Pringles to Kellogg Company for $2.7 billion in 2012. Pringles was one of P&G's major revenue drivers with a sale of about $1.5 billion yearly. It was the only remaining food business after the sales of Jif peanut butter and Folgers coffee to Smucker's in recent years. P&G is no longer in the food business, is now lays more focus on personal care and beauty products. (Reuters, 2012).Procter & Gamble recorded sales of $83.68 billion in 2012 and has received several awards like 5th position on the World's Most Admired Companies", overall best company for leadership development on the list of the 2012, "40 Best Companies for Leaders" by Chief Executive Magazine, "World's Most Admired Companies" and Top MBA Employers from Fortune, "World's Most Respected Companies" from Barron's, "Best Place to Work" from, and " The World's Most Attractive Employers" from Universum. (P&G, 2013)Case Study Overview.A company is an open system. It gets it raw materials and resources from the environment and provides it good to the environment. Environmental forces are of different levels. Some are external, and some are internal forces. External environment forces can be associated with international, local or regional levels. These forces might be opportunities, threats to a business environment. Every organization tries to make use of the opportunities and also deal with the threats emerging from the business environment.Procter and...

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