Procter & Gamble began as a small candle and soap company founded by William Procter and James Gamble. It is now a massive multinational consumer goods corporation with over 138,000 employees worldwide and $79 billion in annual sales. P&G leads the market in 15 of the 21 product categories in which it competes. The company invests heavily in research and development, customer research, and brand management to drive innovation and ensure its products meet consumer needs. P&G's success demonstrates the value of a long-term outlook, aggressive marketing, cost efficiency, and focus on quality and brand portfolio management.
7. • Today , P&G is one of themost skillful marketers of consumer
products in theworld
• The company employs more than138,00 Peopleworldwide
andhas total sales of $79 billion per year.
• It is the marketleader in 15 of the 21 product categories it
competes.
• Has 2 milliondollar R&D budget and serves 4 billionpeople
in 180 differentcountries
12. 2) Longterm Outlook
• P&G takestimeto analyze each opportunity carefullyand
thencommitsitself to makingthis product a success
• It struggledwithpringles almost a decade before achieving
market success
14. 4) Quality Strategy
• P&G designs products of above average quality and
continuouslyimproves themin ways thatmatter
15. 5) BrandExtension Strategy
• Old Spice extendedits brand from household men’s fragrance
to deodorant.
• This Strategy gains more Shelf space and prevents mobility of
competitiors.
32. source
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