Global Business Environment Case Study Example | Topics and Well Written Essays - 750 words

Global Business Environment - Case Study ExampleP&G started as a small soap and atomic number 48 confederacy started by William Proctor and James Gamble in the year 1837 in the Cincinnati United States now has 138,000 employees working in over 80 countries worldwide. The companys products and services are available to consumers over 180 countries. The company maintains one of the strongest and largest portfolios of trusted brands.The company markets nearly 300 well-known brands in consumer goods and more than 50 percent of its revenues are derived from foreign countries. Being the market leader in the FMCG market P&G has proved to be one of the strong-growing marketers and the largest advertiser in the world. Extensive market research and the novel brand- circumspection system are the unique strengths of the company (Proctor & Gamble).The success of P&G largely depended on its profession technique called brand management which implied that the company will focus its attention on a product rather than on a business function. The technique involves a decentralized decision making. The company began its global expansion during the early 1990s when the top management felt the need for streamlining the brand management system. For carrying out a planned expansion the company established a Global Strategic Planning company consisting of 3-20 individuals for each of the product categories. This group was make responsible for developing policies covering global and local brands. The group was also empowered to make decisions concerning brand strategy which needs to be standardized across the world markets. It also involved customizing the products according to local markets and customer requirements.While developing the branding strategies was made the responsibility of the Global Strategic Planning Group the implementation of the strategies was entrusted to the Global Category Team. The Global Category Team is headed by an executive vice president who handles e ach of the product categories.