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A monolith is a huge mountain of mass towering over the surrounding environment.
It is formidable and prominent - a giant.
This is Procter & Gamble, the biggest and most-outstanding consumer goods corporation in the world today.
Present in more than 80 countries, this far reaching behemoth of a player touches more than 3 billion households daily!
It has more than 130,000 employees and is ranked first in people management.
Procter & Gamble is certainly the world’s largest consumer goods company.
They are blazing the trail with more than 300 leading brands distributed worldwide including Olay, Pantene, Head and Shoulders, Hugo Boss, Gillette, Oral-B, Duracell, Charmin, Bounty, Swiffer, and Pringles.
P&G as a company has grown from $39 billion in revenue sales in 2000 to $76 billion in 2006.
That is more than double the number of brands that deliver $1 billion or more in terms of sales annually.
Currently, they are harnessing 23 billion-dollar brands under a highly diversified portfolio of products.
Procter & Gamble has quadrupled the number of brands that deliver at least $500 million in sales and now has 18 brands ready to contribute and exceed the billion dollar mark.
Procter & Gamble currently operates in 12 countries generating more than $1 billion in sales.
Would you believe this figure has nearly doubled since 2000!
Imagine the number of jobs and even taxes that this generates for those 12-billion dollar countries and the lot of multi-million dollar regions!
In 2001, only two trade partners reached the billion dollar gross sales mark doing business with Procter & Gamble.
Last year, seven retail customers reached more than a billion dollars in sales.
This translates to more than 43 billion in net revenues and at least 50 billion dollars in free cash flow. Whew!
Market capitalization has, check this, increased by more than 100 billion since 2001 making it one of the top ten most valuable companies in the United States alone.
Procter & Gamble has designed a highly diversified business portfolio enabling them to consistently and reliably grow the business.
They have designed core strengths that are crucial in order to win in the playing field.
Strategic operational and financial processes were designed to ensure discipline and empowered to deliver the business results.
The Procter & Gamble P&G Management team, among others is top class and was always key in the company’s success.
With choices that are clear and investments sufficient to support the company’s directions – an unwavering focus on the long-term health of the business, Procter & Gamble is geared toward meeting and even exceeding growth targets reliably, year in and year out.
2007 is a good example of how Procter & Gamble’s design for growth works.
It is the most demanding year that the organization has faced since the beginning of the decade.
Energy and commodity costs continue to rise.
Competition from rival companies has intensified.
The vast majority of work to integrate acquired companies like Gillette has also been a real challenge.
Nevertheless, growth is still being attained well within the set target growth range for the fiscal year.
For 2007, it was reported that net sales for Procter & Gamble has increased to 76 billion.
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