Proctor and Gamble Strategy Essay

Subject: Entrepreneurship

Company name: Proctor & Gamble

Team brand: TBA

Resources: http://finance.yahoo.com/q/pr?s=PG, http://subscriber. hoovers. com/H/company360/history. html? companyId=11211000000000, www.pg.com, http://blog. marketingdoctor. tv/2008/06/06/dr-tantillos-30second-how-to. aspx Regular stock rates: 2/4 Moncler outlet coats 75. 26

2/5 Tue 75. seventy

1 - Who founded your company? Exactly where? When? Why did anybody start the organization? What was the original product? Precisely what are the products or perhaps services your company offers today? William Procter, a candle maker, and James Chance, a detergent maker, founded the company named The Procter & Chance Company, often known as P& G, on Oct 31, year 1837. They merged their own small businesses and at first settled in Cincinnati, Kansas, USA. Alexander Norris, their very own father- in- law, persuaded them to be considered a business spouse to each other. Therefore , they came up with the company and during the American Civil Battle, they presented the Union Army with soaps and candles. In 1880s, they marketed a new soap, known as Ivory, and since then, they have extended their businesses. Today they function in 6th sections: Natural beauty, Grooming, Medical, Fabric Care and House Care, Snacks & Family pet Care portion and Baby Care and Family Attention. They have Brain & Shoulder blades, Olay, Pantene, SK-II, Wella, Braun, Blend, Gillette, Mach3, Ace, Febreze and Downy brand names and so on. 2- That which was the original type of ownership? Singular Proprietorship, Relationship, or Company? Has the business changed its form of title over the years? How come did it transform? It was originally an organization based on collaboration. However , William Arnett Procter, William Procter's grandson presented the profit sharing program in 1887 by giving staff shares in the company to stop strike. 3 - Was the founder of the company a business person? Justify the answer. The founders of P& G are earned to be thought as Entrepreneurs....



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