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No doubt P&G’s stock price — which has doubled, from US$30 to $60 per share, since Lafley took office in 2001 — helps explain this CEO’s growing mystique. But neither outsiders who write about the company nor Lafley himself attributes P&G’s success primarily to a focus on financials. Instead, they single out the combined effect of P&G’s sense of purpose, the strength of its top team, and its emphasis on improving both processes and people...
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Instead, they single out the combined effect of P&G’s sense of purpose, the strength of its top team, and its emphasis on improving both processes and people.
“Our job — and this is particularly true for CEOs,†said the soft-spoken CEO in his Academy of Management award acceptance speech, “is to bring toÂgether the many businesses, functions, and geographies and to leverage learning, scale, and scope...
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