Procter & Gamble
-------------------------------------------------
ADMN 404: Assignment #2
Leah Cohen
EXECUTIVE SUMMARY
Procter & Gamble started in 1837 with William Procter and James Gamble coming together to make and sell candles and soaps. This simple business has since transformed into a global manufacturing, distribution and marketing company providing over 300 brands to consumers. Today, Procter & Gamble is the world’s biggest consumer products company with more than $80 billion in sales. It manufactures and produces a variety of products that feature a high standard of quality, practicality and value.
Procter & Gamble operates by their mission to improve the lives of the world’s consumers every day, by
…show more content…
External references were also used and information was sought from the Proctor & Gamble Company 2011 Annual Report and the Proctor & Gamble Company website and company profile.
COMPANY OVERVIEW
Procter & Gamble was formed in 1837 with William Procter, a candle maker, and James Gamble, a soap maker, who decided to make and sell candles and soaps. By 1879, they developed Ivory soap and established their own laboratory, and by 1935 the company established another factory in the Philippines after its acquisition of the British soap manufacturer, Thomas Hedley & Sons. In January 2005, P&G announced an acquisition of Gillette, forming the largest consumer goods company and placing Unilever into second place. At present, Procter & Gamble sells more than 300 leading brands, such as Pampers, Tide, Pringles, Cover Girl, Pantene, Crest, Duracell, Secret, Folgers, Hugo Boss, Mr. Clean, Oral-B, Old Spice, Clairol and Zest. It markets its products to over 160 countries, and operates a total of 115 plants in more than 80 countries all over the world(Procter & Gamble, 2011). Procter & Gamble’s headquarters are located in Cincinnati, Ohio and it employs more than 98,000 employees worldwide.
P&G sells its products primarily through mass merchandisers,
Established in 1837, Proctor and Gamble (P&G) had developed a holy grail of principles and practices. Its philosophy is focused on individual talents, abilities and how best to make use of them. P&G source this talent from within the organization attracting people willing to spend their entire career with the company. Proctor & Gamble has developed a reputation of caution in the industry of household 's sundries and personal care products. It 's marketing strategies and judgements towards different markets stand out to the competition. Extensive marketing research and testing are "trademarks" that distinguish P&G in the industry. "Internal operations at P&G are described as thorough, creative, and aggressive by some, and slow, risk
Procter and Gamble Corporation was founded in 1837 in Cincinnati. The corporation was founded by William Procter, who was a candle maker along with his brother-in-law Gamble, who was a soap maker. Their combined venture sparked one of the most powerful and influential companies in America which is later called Proctor and Gamble. Their first product was introduced in 1879. It was an ivory Soap. In the Year 2013, they have a net income of 11.31 billion U.S. dollars, total assets of 139.26 billion U.S. dollars, and a total equity of 68.06 billion U.S. dollars. The company’s products are divided into groups: beauty and grooming, and household care. The company has a target market of the customers from the middle up class. They also
Procter and Gamble Co. also know as P&G, is an American multinational consumer goods company, founded by William Procter and James Gamble. Its products include cleaning agents and personal care products. It has in its kitty global brands such as Ariel and Tide in the Fabric care segments and Head & Shoulder, Pantene and Rejoice is the Hair care segment. For this case study selects P&G Company as it has an important role in the consumer segment products. As P&G was a popular company, the financials statement shows better performance in the previous year.
This report will outline the Tide family of products produced by the Procter & Gamble, Co. by reviewing the history of the company and tide specifically while discussing areas of strength in the marketplace. First, the report will discuss the history of the Procter & Gamble Company, their corporate sales history, and stock price. Then the report reviews the Tide Family of Products history, marketing, and innovation. Next, the report will discuss the Tide retail distribution challenges, price points and designing for a target market, competitors, and their philanthropic mission.
Procter & Gamble Co is an American global consumer goods company. P&G have various products that range from personal hygiene products to household products.
In 1837, soap manufacturer, James Gamble and candlemaker, William Procter merged their two small Cincinnati businesses.They did this so they could more easily purchase the animal fats necessary to make their products. From there, the company grew to be a $33 billion worldwide leader in consumer products.Both Proctor and Gamble had strong religious, ethical and moral values. The company earned an excellent reputation, and by 1895 was one of the largest companies in Cincinnati. P & G had the reputation of hiring the best and the brightest employees. They treated their employees well. promoting from inside the company. They were one of the first to introduce a profit sharing plan and an employee stock option plan. By 1996, 25% of P & G was owned by employees. In 1890, Proctor and Gamble was incorporated and since that then has more than doubled its sales every 10 years.This growth is attributable to three main factors: the development of new products, global expansion, and acquisitions.Much of the growth is a result of the development of innovative and technologically advanced new products such as Tide in 1946, the first heavy-duty synthetic laundry detergent, Crest in 1955,the first fluoride toothpaste, Pampers in 1961, the first disposable diaper and Bounce in 1972, the first drier-added fabric softener. Other significant innovations were Pert, the shampoo and conditioner in one, and
Procter and Gamble (P&G) began in 1837 when brother’s in-law William Procter and James Gamble, whose wives were sisters, formed a small candle and soap company. From there P&G launched a variety of revolutionary products of superior quality and value. The products include Ivory soap, Tide laundry detergent, Crest toothpaste and Pampers disposable diapers. They also acquired a number of companies to open the doors to new product categories.
Procter & Gamble is a multinational consumer-product company established by William Procter and James Gamble in 1837. P&G currently has a
Proctor and Gamble® was founded in 1837 by William Proctor and James Gamble in Cincinnati, Ohio. Today the company is the world’s largest producer of consumer goods with over 300 brands in over 180 countries. The company has a significant advantage over its competitors because of market position and brands that everyone knows such as Tide®, Pampers®, Gillette®, Olay® and many more.
Procter & Gamble has strong brands to its name. The company boasts 24 billion dollar brands. It also claims 50 leadership brands that contribute 90% to its overall sales and profit.
P&G – Procter & Gamble is a consumer product company founded and headquartered at Cincinnati, Ohio in 1837 by Mr. William Procter and Mr. James Gamble. It is now led by Mr. Alan.G.Lafley whom rejoins the company in 2010.
Procter & Gamble (P&G) is a Fortune 500 American multinational company, and a world 's leading consumer goods company. P&G’s work is driven by a Purpose of providing branded products and services of superior quality and value to improve the lives of the world’s consumers now and for generations to come. P&G now has 50 Leadership Brands, which are among the world 's best known and which account for more than 90% of P&G sales. P&G entered the Chinese market through a joint venture in 1988. Now, P&G is the most successful foreign marketer in China as measured by market share.
The Proctor and Gamble Company is a multinational corporation, formed under the state laws of Ohio, whose principal office is located in Cincinnati, Ohio. The purpose of this company is to produce, manufacture, buy, and sell merchandise that falls into ten main categories: fabric care, home care, baby care, feminine care, family care, grooming, oral care, personal health care, hair care, and skin and personal care. Within these ten categories, the company produces, markets, and sells sixty-five individual products. They used to have a much larger inventory of products, but in recent years, the company went through a streamlining effort, and dropped almost one hundred products that were only making up five percent of their sales so that they would be able to focus on the sixty-five that accounted for ninety-five percent of sales. They sold the products and rights to the products to a number of different companies, through a series of trade agreements and buyouts.
product segments – Oral, Personal and Home Care; and Pet Nutrition. The company operates in more than 200 countries and this geographic diversity and balance help to reduce the Company’s exposure to businesses and other risks in any one country or part of the world. The company’s main competitors are Proctor & Gamble (PG), Johnson & Johnson (JNJ), Church Dwight & Company (CHD) and Clorox & Company (CLX).
Procter & Gamble is one of the most successful consumer goods companies in the world. There are many brand names found under the name of P&G INC . Scope, a mouth-wash brand, is a part of P&G. Scope was introduced as part of oral hygiene industry in the year 1967, in Canada. Scope had the highest market growth in Canada.