Chief Executive Magazine has named P&G the best overall company
for leadership development in its list of the “2014 Best
Companies for Leaders.”
The awards seek to identify
and recognize what world class companies are doing to identify and nurture
people three or more levels down the chain from the CEO. 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 CEO is involved, the percentage of leaders recruited
internally, the strength of its recruiting program and the caliber of talent,
and the long-term growth of market capitalization.
Communications Manager Ms.
Irene Mwathi-Miheso said that P&G places 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.
“P&G’s formal training,
known as our proven leadership development model, can be summed up like this:
We hire the best, brightest and most diverse talent from throughout the world,
teach them through hands-on responsibility, and coach them to drive the model
to new levels of success, while always operating by our deeply held Purpose,
Values and Principles,” said Ms. Mwathi.
P&G’s Chairman A.G.
Lafley, in his recent book Playing to Win, discusses how he benefitted from
informal “on the job” training. “My years at P&G afforded me ample
opportunity to learn about business strategy and practice business leadership
and management by doing,” A.G. writes. “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. mentors high
achievers across all levels of the Company.
Other companies on the 2014
ranking that operate in Kenya include IBM (2), General Electric (3), Unilever
(5) and Dow Chemical (6). This was P&G’s third time to win the award.
In 2013, Deloitte named
P&G the second best company to work for in Kenya.
