P&G recently announced a profit increase of 36% with sales being 25% higher. If you read Businessweek or F@st Company, you know that P&G has undertaken both serious business and cultural changes to embrace innovation over corporate tradition.
But I especially like how A.G. Lafley, P&G's Chairman and chief executive explains the reason for the growth:
"Demand for P&G's brands is strong," said A.G. Lafley, chairman and chief executive, in a news release. "We're continuing to drive P&G's business with breakthrough innovations and excellent in-market execution. This, combined with the great progress on integrating Gillette, positions P&G to deliver its growth objectives in fiscal year 2007 and beyond."
Two words stick out for me here. "Innovations" and "Execution". If you want measurable success and growth, you need both.
