by: David Armano
P&G recently announced a profit increase of 36% with sales being 25% higher.
If you read Businessweek or F@st Company, you know that P&G has undertaken both serious business and cultural changes to embrace innovation over corporate tradition.
But I especially like how A.G. Lafley, P&G's Chairman and chief executive explains the reason for the growth:
"Demand for P&G's brands is strong," said A.G. Lafley, chairman and chief executive, in a news release. "We're continuing to drive P&G's business with breakthrough innovations and excellent in-market execution. This, combined with the great progress on integrating Gillette, positions P&G to deliver its growth objectives in fiscal year 2007 and beyond."
Two words stick out for me here. "Innovations" and "Execution". If you want measurable success and growth, you need both.
Original Post: http://darmano.typepad.com/logic_emotion/2006/08/innovation_exec.html
