Think of the shampoo you use every single day. Is it Aussie or maybe Pantene? Do you use Tide laundry detergent? Did you know that these brands as well as 70 others fall under a huge umbrella company called Procter and Gamble? About 170 years ago, William Procter, a candle maker, and James Gamble, a soap maker, married two sisters. When their father and law noticed the two men working and competing for the same materials, he suggested that they join forces to become business partners. On October 31, 1837, they signed an agreement to create P&G, which would eventually become a household name.
Later on, P&G became responsible for manufacturing many of the household products that American families use on a daily basis. Even though the company started out as a soap manufacturer, new innovations in technology helped P&G branch out into other areas of the United States economy. After the company had invented over 30 different kinds of soaps, they started producing Tide, a revolutionary laundry detergent. The success of Tide helped fund new research for products that would eventually become staples among consumers.
After more products and much success, the company unfortunately faced economic hardships when the prices of P&G stock fell. However, the company hired a new CEO named AG Lafley who rejuvenated the company with a back to basics approach. Lafley kept moral high by saying, “P&G people are given the opportunity, the assignments, experiences and coaching to become the strongest leaders they can be.” Former Group President of P&G, Melanie Healey is also famous for saying, “Make your history a good history. Your reputation is everything. Keep this in mind everyday.” Today, P&G is one of the ten most valuable companies in the world.