Friday, February 22, 2019
Proctor and Gamble Business Plan
Subject enterprisership Company name Proctor & Gamble aggroup name TBA Sources http//finance. yahoo. com/q/pr? s=PG, http//subscriber. hoovers. com/H/ federation360/history. html? come withId=11211000000000, www. pg. com, http//blog. marketingdoctor. tv/2008/06/06/dr-tantillos-30second-how-to. aspx periodical stock prices 2/4 Mon 75. 26 2/5 Tue 75. 70 1 Who founded your company? Where? When? wherefore did the person start the company? What was the passkey product?What are the products or services your company offers today? William Procter, a candle maker, and James Gamble, a soap maker, founded the company c entirelyed The Procter & Gamble Company, in any case known as P&G, on October 31, 1837. They merged their own trivial pedigreees and initially settled in Cincinnati, Ohio, USA. Alexander Norris, their father- in- law, persuaded them to be a business partner to each other. Therefore, they created the company and during the American Civil War, they provided the Union fo rce with soaps and candles.In 1880s, they marketed a new soap, called Ivory, and since then, they have extended their businesses. Today they operate in 6 sections Beauty, Grooming, Health bearing, Fabric Care and Home Care, Snacks & Pet Care segment and Baby Care and Family Care. They have Head & Shoulders, Olay, Pantene, SK-II, Wella, Braun, Fusion, Gillette, Mach3, Ace, Febreze and Downy brand name names and so on. 2- What was the original form of ownership? Sole Proprietorship, Partnership, or Corporation?Has the company changed its form of ownership over the years? Why did it change? It was originally a company based on partnership. However, William Arnett Procter, William Procters grandson introduced the amplification sharing program in 1887 by giving workers shares in the company to prevent strike. 3 Was the founder of your company an Entrepreneur? Justify your answer. The founders of PG are deserved to be defined as Entrepreneurs. Entrepreneur itself eans that someone who is adventurous businessman struggling to make business more than profitable, creates new things and likes to challenge. These aspects are also shown in William Procter and James Gamble. They were not cheerful with their position, instead expanded their businesses, took over other companies running a put on the line and prospered through the technology switchover. 4 When your company was founded was it local, regional, national, international, or multinational?What is your company today? Justify your answer It was totally local. At first it nevertheless provided the North Army with soaps and candles, but after the American Civil War, they got fame from soldiers all over the realness and established another corporation in refreshful Castle, England in 1930. Since then, it has enlarged their field of business all around the world and nowadays it has been regarded as multinational company because of their marketing strategies and the background of faculties.