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Tuesday, February 19, 2013

Game Changer

Procter & amp; Gamble CEO A.G. Lafley has been a huge victor in his eight years at the helm of the consumer goods giant, having bring round a sagging comp either. Now he offers  some key lessons from the experience in his vernal book, The Game-Changer, How You Can Drive gross and Profit Growth With Innovation (Crown Business, 336 pages) , co-written with rail line consultant lumber Charan. In brief:
1. Motive purpose and ideas: People cipher better when turned on.
2. Stretch goals: Pushing is important and dont overdo as P&G did in 2000.
3. Choiceful strategies: Innovation helps you choose when to launch new products or drop old ones.
4. Unique core strengths: give what you have always done well.
5. Enabling structures: The firms structure make-up must endorse innovation.
6. Consistent and accepted transcriptions: You need a check for the chaos.
7. Courageous and connected enculturation: Dont punish innovators.
8. Inspiring leadership: The vanquish energize and inspire workers while being honest.
These are actually sound ideas and helped Lafley vastly improve P&Gs corporate culture and revive its innovative DNA. He inherited the mess left by Durk Jager who had been CEO and chairman for less than two years.

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Jagers mission was to completely organize P&G and double revenues to $70 jillion by breaking up a country-based organization system and replacing it with one based on product lines. In the resulting chaos, Jagers hard-charging personality poisoned the well of innovation at a company that had invented brand management.
Full disclosure: I cover P&G as a business journalist a decade ago when Jager and his predecessor, gentlemanly legerdemain Pepper, were in charge. It was a love-hate thing. I admired the companys innovation but hated its militaristic, secretive ways. Give me the Kremlin any day.
I may have been a decade similarly soon since I hear that Lafleys really changed things. superb for him. His book has plenty of useful insights...If you want to get a full essay, order it on our website: Ordercustompaper.com



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