Wednesday, August 26, 2009
Superb Implementation helps a 180 year old Fortune 50 company, P&G, thrive
Procter & Gamble is, by the standards of the Fortune 500, an old company. Yet it is a large and growing company. From time to time, the company seems to have lost its way strategically. However, a new leader, and that is another story, arrives to re-focus the company in the right direction. So how does the company make it through these aimless times? It is very clear that it is a consistent and remorseless emphasis on superb execution. No detail it too small. No avenue unexplored for options. The company does better with a bad or no strategy than any other in existence. The secret is no secret, yet it is more difficult for a competitor to copy than any strategy or technology ever devised.