A CRITICAL LOOK AT PROCTER AND GAMBLE AND THE VARIOUS ENVIRONMENTS THE COMPANY OPERATES WITHIN
MBA 500 Business Environment, Ethical Analysis and Law, Section 501
Prof. Edward Thomas
BY: VICTOR ADU-GYAMFI, PRANAV BABU, AIRIAN PRUITT, KAREN ROMOSER, SHUBHRA SHARMA, RITHANYA SOMASUNDARAM, GAURI WAGLE
Procter and Gamble
This paper provides an Environmental Analysis of the multinational company Procter and Gamble. The paper attempts to highlight the enormous resources that are available to this multinational company and the various strategic opportunities that the company has created around the world within the backdrop of these environmental factors or forces. This work also explores some of the specific socio-economic significances of Procter and Gamble with respect to their immediate cultural, economic, government, internal, legal, natural and technological environments.
Procter and Gamble
The Procter & Gamble Company (P&G) is a global force of nature. William Procter and James Gamble formed Procter & Gamble, a partnership in Cincinnati, Ohio, to manufacture and sell candles and soap. The partnership began October 31, 1837, with paid-in capital of $7, 192.24. [Source?] It has grown to be the leading maker of household products in the United States. According to the company‘s website, www.pg.com, P&G‘s operations are sustainable and go beyond the core of their manufacturing operations, extending to a holistic end-to-end view of opportunities. [Since this paragraph includes specific facts not generally known by the public, the source of the information should be indicated by an in-text reference to an entry in the References section.]
Culture: P&G is Values-based
The company‘s website pays a nice tribute to the company‘s sterling cultural quality. It mentions that for over 165 years, P&G‘s purpose, values and principles (PVP) have been guiding the way they do business. Since the beginning, they‘ve conducted business focused on personal and professional ethics as well as principle-based management. The company‘s core structures of PVP are centered on personal integrity, respect for the individual and doing what is right for the long term period. The high caliber of people that are hired ensures that P&G‘s PVP will continue to be the foundation for every action taken and every product made, now and in the future. Everyone at P&G is united by the commonality of the Company's values and goals. The website goes on to describe P&G as a company that believes in diversity. The company believes that the unique and variable backgrounds of their employees reflect on fulfilling their
Procter and Gamble 4 core values and continued improvement in achieving their set goals. The members of the company‘s diverse corporate structure cover a broad range of personal attributes and characteristics such as race, sex, age, cultural heritage, personal background and sexual orientation. By building on common values and goals, P& G is able to create an advantage from their differences. To this company diversity means different things to different people around the world. P&G considers diversity one of the key assets and treats it as such worldwide. It enriches everything from the quality of business decisions to personal interaction between people, cultures and regions. At P&G they believe it is important to develop and support a diverse workplace. They‘re making good progress, but always want to do better. For example, the number of women and U.S. minorities at the vice president/general manager level has doubled over the past five years. [Source?] Their intent is to develop all employees to their full potential. To achieve this goal, human resource systems are in place to support individual development, and regularly review these systems to make sure they work well for everyone, including women and the various population groups that make up their...