P&G is restructuring its product portfolio as part of a $10 billion cost-cutting plan. Nearly 100 brands that collectively generate revenue of $2.4 billion are likely to be divested (Kumar). P&G has 23 billion dollar brands in its portfolio which will be retained. The success of a brand restructuring program is to identify and weed out low performing brands and retain the cash cows. P&G is treading on the right path and therefore investors should feel encouraged. The leaner, trimmed down P&G is likely to be more focused, nimble and responsive to customer needs which will help the company in the long run.
A.G. Lafley resumed the position of P&G’s CEO in 2013. He had been at the helm of P&G from 2000 to 2009. Thereafter, Bob McDonald steered the P&G ship for four years (Coolidge). Lafley returned as CEO to guide P&G out of the woods. He is presently overseeing a massive restructuring plan (Green). He is committed to reducing costs and increasing efficiency. Lafley’s leadership style is bound to make a profound difference for the business going forward. The incumbent CEO intends to refocus on innovation; an attribute that helped P&G reach dizzy heights during his first tenure (Coolidge). Lafley is an astute strategist who is willing to take calculated risks. He believes in the philosophy that customer is the boss. Lafley’s assertiveness, creativity and infallible administrative ability have won him many accolades and awards (Ukessays.com).
P&G offers job opportunities across functional areas, geographical territories and hierarchical levels. The company offers full-time and part-time jobs, temporary work as well internships. P&G scouts for people who are curious and innovative. People who are able to establish a rapport with other people are seen as potential employees. P&G hires agile people who are prepared to meet the challenges head-on. Employees having these traits mesh well with P&G’s organizational culture and help fuel future growth of the company. The reasoning test checks the cognitive ability of the candidate.