Proctor and Gamble: Strategy, Process, Product, and Services
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Using Proctor and Gamble as an organization prepare a paper on Impact of Innovation on processes/products.
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Solution Summary
The solution discusses the impact of innovation on the processes and products of Procter & Gamble (P&G). Reference included.
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Procter & Gamble (P&G) regained its industry leadership when it has implemented the play-to-win innovation strategy. P&G had acquired its domestic and foreign competitors and this is one of the innovative play-to-win strategies. By doing such, it helped them diversify its product line and increased profits significantly. Management had also integrated and reorganized all the manufacturing processes of the companies they have acquired. Hence, "Innovation must be encouraged, carefully implemented within an organization at all times" (Hesselbein, Goldsmith, & Somerville, 2002, p. 82).
P&G has admitted and demonstrated that its success not ...
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