Procter & Gamble top for leadership development

Citation

(2014), "Procter & Gamble top for leadership development", Industrial and Commercial Training, Vol. 46 No. 3. https://doi.org/10.1108/ICT.03746caa.003

Procter & Gamble top for leadership development

Article Type: Notes and news From: Industrial and Commercial Training, Volume 46, Issue 3

Procter & Gamble has won best overall company for leadership development in the Chief Executive magazine 2014 Best Companies for Leaders.

P&G was noted for placing a premium on developing people from within, judging senior managers on their ability to develop those who report to them, and a development program that includes formal and informal training.

The company seeks to hire the best, brightest and most diverse talent from throughout the world, teach it through hands-on responsibility and coach it to reach new levels of success.

The P&G approach provides a breadth, depth and diversity of experience that is hard to match. For example, the average P&G president has almost three decades of experience across multiple businesses, functions and regions.

A.G. Lafley, in his recent book Playing to Win, discussed how he benefitted from informal on-the-job training. "My years at P&G afforded me ample opportunity to learn about business strategy and practise business leadership and management by doing. There, with clear accountability for strategy, operations, and results, I learned from my mistakes, lived with my failures, and appreciated on a daily basis my colleagues’ contributions to whatever success we were able to achieve together."

Today, A.G. Lafley mentors high achievers across all levels of the company.

Chief Executive looks at a variety of criteria when choosing a best company: the existence of a formal development program, the amount of time a chief executive is involved, the percentage of leaders recruited internally, the strength of its recruiting program and the calibre of talent, and the long-term growth of market capitalization.

This is the third year in a row that P&G has received the award.