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Rafa
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P&G is a great example of a company that has been both innovating and delivering products to market for over a hundred years. In the first video, P&G’s troubles reminded me of the dilemma we learned in FRC wherein companies struggle to find that balance between profit, risk and growth. The company’s alignment of its business and operating models was put to the test and we learned that P&G strayed a little bit here. Once they went back to understanding what their core values were, they were able to right the ship and get the business back on track.
Despite innovation being key, it is interesting to note that this is not something that P&G is normally associated with. In a recent BCG publication, they listed their 50 most innovative companies in 2015. Unfortunately P&G was nowhere to be found.
I find this very interesting! Strategy& is the latest of the large consulting firms to have merged with an audit firm. What is interesting is that while they are (currently) last to the game, they were also one of the biggest firms prior to the consolidation. Talent will always be a consideration, but I have experienced firsthand at how aggressive their recruitment efforts have been.
Another interesting point you brought up is that their merger will allow them to offer the full service – strategy + implementation. While this is in line with the disruptive trend how would they differentiate themselves from similar partnerships (e.g. Monitor + Deloitte, Parthenon + Ernst & Young)? Do you think that these bundled offering will eventually force the big players (BCG, Bain) to follow suit?