Why do you suppose that 80% of the companies listed on the Dow in 1950 are no longer in existence? My hunch is that they failed in two key strategic areas. They didn't nourish new leaders and they couldn't sustain innovation.In my 32-year career at Procter & Gamble, I was fortunate enough to be part of a 10-fold increase in annual revenue. Throughout that period, I watched strong leadership and a truly innovative portfolio of products-as well as innovative packaging solutions-drive this global growth and success. I'd like to think I made a meaningful contribution to P&G's emergence as the world's largest consumer product company, a company with 27,000 active patents.
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