People Power: "If you take away all the buildings and all the brands, but leave the people, then the people will rebuild the business in 10 years," Richard Deupree, CEO P&G, 1939.
Invest time in recruitment, in training and developing your staff and it will pay dividends. It is this philosophy which has enabled P&G to flourish for 180+ years.
In all my (long) career I have never worked for a company that invested so much in its people as P&G. P&G was a great place to start my career as I established very strong foundations and it provided me with some skills and tools that have served me well ever since.
Of course, the real point I want to make here is with reference to intellectual property and especially trade secrets and know-how.
When a company is acquired, it is said that up to 1/3 of the employees are considering leaving the business!
Any investor due diligence should always include a review of the intellectual property processes and security measures in place within the target company, but how often does it really?
#PandG #ProcterandGamble #peoplepower #tradesecrets #knowhow #intellectualpropertyprocesses
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Author: John Pryor Exalt IP