6. Vision
To be recognized as , thebest consumer products andservices
company in theworld
Mission
We willprovide branded products and services of superior
qualityand value thatimprove thelives of theworld's
consumers .
9. P&G’s approach to enteringnew markets was via, “acquisitionor
joint venture on a smallscale, throughtrial and error, learn the
formula of success before makinga major commitment.”
17. Whilefacing rivalry, it taught P&G five strategic
lessons
• Never give your consumer a product-based reason to switch away from
your brand.
• Think of every brand that we have, and treat every brand that we have, as
though it were our only brand.
• Always determine whether a product innovation is brand-specific or generic.
• Competition will always follow your technology, not your brand.
• After you have defined your options, always test your worst-case scenario
in the market. If you don’t, and if you have made the wrong move, the
market will be the worst-case scenario.