Innovation & Institutions, Will it Blend?
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Innovation & Institutions, Will it Blend?
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Big Company Innovation Trailblazing: P & G's Latest Innovations & Innovation Approaches

Big Company Innovation Trailblazing:  P & G's Latest Innovations & Innovation Approaches | Innovation & Institutions, Will it Blend? | Scoop.it

This is Proctor & Gamble's site posting their monthly innovations spaces.  In a post-Jobs-angst world where Apple and Google are maturing admist buzz that they may be losing their innovation edge, P & G stands as an example of large company innovation, connected with the leadership of A.G. Lafley.

 

From the site: "We are growing P&G by fulfilling our Purpose with innovative products that improve people’s lives in small but meaningful ways."

 

P & G's website & global showcase:

 

* The Clay Street Project - November - taps into P&G's greatest asset – its people.

 

* The Loft Approach - September - an immersive, multi-sensorial experience based on classic storytelling that helps P&G teams solve unique problems, look at a new future and create new products.

 

* Business Sphere - Business Sufficiency analytic models enable the Company to be rapidly responsive to changes in the marketplace and uncover new opportunities

 

* Product of the Year - June - Consumers around the globe chose 22 P&G products to be honored with Product of the Year Awards for 2011. These awards represent the world's largest consumer-voted distinction for product innovation.

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P&G Success Formula > Culture: Improving Lives Through Innovation

P&G Success Formula > Culture: Improving Lives Through Innovation | Innovation & Institutions, Will it Blend? | Scoop.it

McDonald Outlines P&G Success Formula: Improving Lives Through Innovation...

 

Saying Procter and Gamble’s unrelenting focus on innovation is “at the heart of everything we do,” P&G Chairman, President and Chief Executive Officer Bob McDonald recently talked about the company’s keys to success during fiscal year 2011 in spite of the tough global economic conditions, presented at the company’s annual Shareholder’s Meeting in Cincinnati.


“Innovation is the primary way we fulfill our Purpose,” he said. “It’s the driving force behind our strategy, as it always has been at P&G.

 

>>>  Our experience has proven that promotions may win a quarter here and there, but innovation wins decades.”


As he addressed the shareholders in attendance, Bob said the company entered Fiscal 2011 with three clear objectives:


=> Execute the company’s purpose-inspired growth strategy;
=>Grow market share by growing organic sales one to two percentage points ahead of underlying market growth rates; and
=>Grow core earnings per share in the range of 7% to 9%.

 

And, in spite of significant business and economic challenges, Bob said the company managed to meet or exceed goals for each of the objectives.

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