The Devoe Report Spring/Summer 2017
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1 Federal Register Notice DEPARTMENT of JUSTICE
This document is scheduled to be published in the Federal Register on 015/ 14/2014 and available online at http://federalregister.gov/a/2014-11056, and on FDsys.gov Federal Register Notice DEPARTMENT OF JUSTICE Antitrust Division United States v. Ebay Inc. Proposed Final Judgment and Competitive Impact Statement Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. 16(b)-(h), that a proposed Final Judgment, Stipulation and Competitive Impact Statement have been filed with the United States District Court for the Northern District of California in United States of America v. eBay Inc., Civil Action No. 12-5869. On November 16, 2012, the United States filed a Complaint alleging that eBay Inc. entered into an agreement with Intuit, Inc., that restrained the recruiting and hiring of high technology workers, in violation of Section 1 of the Sherman Act, 15 U.S.C. 1. The proposed Final Judgment prevents eBay from maintaining or entering into similar agreements. Copies of the Complaint, as amended, Stipulation, proposed Final Judgment and Competitive Impact Statement are available for inspection at the Department of Justice, Antitrust Division, Antitrust Documents Group, 450 Fifth Street, NW, Suite 1010, Washington, DC 20530 (telephone: 202-514-2481), on the Department of Justice’s Web site at http://www.usdoj.gov/atr, and at the Office of the Clerk of the United States District Court for the Northern District of California. Copies of these materials may be obtained from the Antitrust Division upon request and payment of the copying fee set by Department of Justice regulations. -
Leadership and Virtues—Justice
enabling leadership Leadership and Virtues—Justice By Joe Whitefield e began this series on virtues with the virtues, it is still the one most openly talked about premise that they have fallen out of today. More accurately, current events perceived as Wfavor with many people and their use is injustices dominate the news cycle and our discus- in decline. Perhaps they are a little too old fashioned, sions of it. Often these events are overly politicized or maybe too rigid for our modern, fluid society. to the point where very little conversation takes place Values seem like a better fit. They are less rigid and about what the real issues are. This article seeks to more customizable for each situation. take a more fundamental look at justice and its rel- It is my observation that the products of this evance in organizational leadership. virtues-to-values shift include lower behavioral standards, less integrity, less civility, more regulation, THE LEVEL PLAYING FIELD and more confusion. Because of this change, I have The inherent problem with justice is that most attempted to make the case that virtuous leadership, of us only want it when we have been wronged by however unpopular, has never been more in need. someone else—not so much when we are perceived to Thus far we have discussed prudence, courage, and be in the wrong. When we violate some standard, we patience; now we will now consider justice. often lean much more in the direction of justification: Justice should be the easy one. Everyone has a There are always reasons why we acted the way we basic sense of fairness that is a foundation for his or did. -
Second Time Moms & the Truth About Parenting
Second Time Moms & The Truth About Parenting Summary Why does our case deserve an award? In the US, and globally, every diaper brand obsesses about the emotion and joy experienced by new parents. Luvs took the brave decision to focus exclusively on an audience that nobody was talking to: second time moms. Planning made Luvs the official diaper brand of experienced moms. The depth of insights Planning uncovered about this target led to creative work that did a very rare thing for the diaper category: it was funny, entertaining and sparked a record amount of debate. For the first time these moms felt that someone was finally standing up for them and Luvs was applauded for not being afraid to show motherhood in a more realistic way. And in doing so, we achieved the highest volume and value sales in the brand’s history. 2 Luvs: A Challenger Facing A Challenge Luvs is a value priced diaper brand that ranks a distant fourth in terms of value share within the US diaper category at 8.9%. Pampers and Huggies are both premium priced diapers that make up most of the category, with value share at 31, and 41 respectively. Private Label is the third biggest player with 19% value share. We needed to generate awareness to drive trial for Luvs in order to grow the brand, but a few things stood in our way. Low Share Of Voice Huggies spends $54 million on advertising and Pampers spends $48 million. In comparison, Luvs spends only $9 million in media support. So the two dominant diaper brands outspend us 9 to 1, making our goal of increased awareness very challenging. -
Perspectives on Ethical Leadership: an Overview Drs Ir Sophia Viet MTD
Perspectives on ethical leadership: an overview drs ir Sophia Viet MTD Paper submitted to the International Congress on Public and Political Leadership 2016 Draft version. Do not site or quote without the author’s permission Abstract There is a growing scientific interest in ethical leadership of organizations as public confidence in organizational leaders continues to decline. Among scholarly communities there is considerable disagreement on the appropriate way to conceptualize, define and study ethical leadership. This disagreement is partly due to the ontological and epistemological differences between the scholarly communities, resulting in different views of organizations, on the role of organizational leadership in general, and on ethical leadership of organizations in particular. Because of the differences in their ontological and epistemological assumptions scholars endlessly debate the concept of ethical leadership. This paper provides a comprehensive overview of the academic concepts of ethical leadership by classifying these concepts in terms of their ontological and epistemological assumptions and views of organizations into the modern, symbolic and the critical perspectives of postmodernism and communitarianism. Each category represents a particular set of perspectives on organizations, business ethics, and ethical leadership. The overview can serve as a guide to decode the academic debate and to determine the positions of the scholars participating in the debate. In addition it can serve as a multi-perspective-framework to study lay concepts of ethical leadership of (executive) directors of contemporary organizations. In this article the overview serves as a guide of how to classify some of the most common concepts in the debate on ethical leadership. Introduction There is a growing scientific interest in ethical leadership of organizations as public confidence in organizational leaders continues to decline. -
Front-Back Model
THE FRONT-BACK MODEL: HOW DOES IT WORK? JAY GALBRAITH November 2005 The front-back structure, when it works, rests on three strong legs. First, there is a strong front-end focused on customer relationships, shopper insights and mastery of channels. Second, there is a strong global back-end based on products and brands, user insights and a global product development process. Less obvious and equally essential is strong leadership – the third leg linking the front and the back. Hewlett-Packard lags IBM because the company has not had the strong leadership to make the front-end an equal partner to the product lines. Carly Fiorina tried to be the link by herself, despite Board requests for a COO. Similarly when Procter & Gamble went to its Organization 2005, Jager tried to bridge the GBU-MDO gap by himself. He failed. He supported the GBUs, increased R&D spending and the MDOs were overwhelmed with new product launches. When Lafley took over, he immediately expanded top management capacity by adding a Vice-Chairman in charge of the MDOs. Driven in part by succession issues, Lafley has created four Vice-Chairmen in charge of clusters of GBUs (15 in total) and MDOs (7 in total). Jim Kilts, who is leading the P&G-Gillette integration, is the fifth Vice-Chairman. The result is sufficient enterprise management capacity to link the front and the back. The means by which this leadership is exercised is through the management processes and personal networks. The management processes are necessary because the front-back model is an interdependent system of profit centers. -
Inspection Copy Inspection Copy
INSEAD Harv ard Business School Procter and Gamble Europe: Ariel Ultra’s Euroband Strategy INSPECTIONNot For Reproduction COPY 05/2000-4816 This case was written by Professor Christopher A. Bartlett at Harvard Business School, Ph.D. candidate Alice de Koning at INSEAD, and Professor Paul Verdin Affiliate Professor at INSEAD and at Catholic University of Leuven as the basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Copyright © 1999 INSEAD-HBS, France-USA. N.B. PLEASE NOTE THAT DETAILS OF ORDERING INSEAD CASES ARE FOUND ON THE BACK COVER. COPIES MAY NOT BE MADE WITHOUT PERMISSION. INSPECTIONNot For Reproduction COPY Harvard Business School INSEAD 1 One Sunday night in July of 1989, Claude Meyer and his delivery team for Ariel Ultra were on a train speeding from Brussels to Paris. They had spent 18 months developing P&G’s first compact laundry detergent for the European market, and now, as they were finalizing the details of a meticulously planned pan-European launch, they learned that Unilever was about to launch a similar product in France—two months ahead of P&G. Meyer, European Regional Vice President for laundry products, and his team were brainstorming responses to their longtime rival’s pricing tactics, package sizes, and a premium-niche marketing strategy, all of which differed significantly from P&G’s European plan. As the train sped towards Paris, they debated whether to change their approach to the French market to meet Unilever’s challenge, or continue with their original intention to implement a consistent Europe-wide strategy. -
Propylene Glycol
PROPYLENE GLYCOL Your patch test result indicates that you have a contact allergy to propylene glycol. This contact allergy may cause your skin to react when it is exposed to this substance although it may take several days for the symptoms to appear. Typical symptoms include redness, swelling, itching, and fluid-filled blisters. Where is propylene glycol found? Propylene glycol is used as a softening agent, preservative, humectants, and solvent in cosmetics, fragrances, topical medications, soaps and cleansers, hair care products, and deodorants. Propylene glycol is also found in oral treatments as well as many foods. It is also added during the manufacture of many industrial fluids, such as solvents, thinners, antifreeze, other de-icing fluids, desiccants, brake fluids, and polyester resins. How can you avoid contact with propylene glycol? Avoid products that list any of the following names in the ingredients: • Propylene glycol • 1,2-Dihydroxypropane • CASRN: 57-55-6 • Methylethyl glycol • 1,2-Propanediol • 2-Hydroxypropanol • Isopropylene glycol What are some products that may contain propylene glycol? Antiperspirants and Deodorants: • Old Spice High Endurance • Meguiars Vinyl/Rubber Cleaner/Condition • Adidas 24 Hour Deodorant Control Antiperspirant & Deodorant • Pennzoil Roadside Fix A Flat Tire Sealant & • Adidas 24 Hour Fragrance Clear Stick • Old Spice High Endurance Deodorant Flat Preventative Deodorant • Old Spice Red Zone Clear Gel • Rain-X De-Icer (Aerosol) • Adidas Action 3 Tech F • Old Spice Red Zone Deodorant Stick • Slime -
P&G 2016 Annual Report
P&G 2016 Annual Report FINANCIAL HIGHLIGHTS (UNAUDITED) NET SALES ($ BILLIONS) Amounts in billions, except per share amounts 2016 $65.3 2015 $70.7 2016 2015 2014 2013 2012 2014 $74.4 Net sales $65.3 $70.7 $74.4 $73.9 $73.1 2013 $73.9 2012 $73.1 Operating income 11.0 13.9 13.1 12.5 13.4 OPERATING CASH FLOW ($ BILLIONS) 2016 $15.4 Net earnings attributable 7.0 11.6 11.3 10.8 to Procter & Gamble 10.5 2015 $14.6 2014 $14.0 Net earnings margin from 2013 $14.9 % 11.7% 14.3% 14.0% 12.1% continuing operations 15.4 2012 $13.3 Diluted net earnings per common share from $ $2.84 $3.63 $3.50 $2.97 DILUTED NET EARNINGS (PER COMMON SHARE) continuing operations(1) 3.49 2016 $3.69 Diluted net earnings per 2.44 4.01 3.86 3.66 2015 $2.44 common share(1) 3.69 2014 $4.01 2013 $3.86 Dividends per $ $2.59 $2.45 $2.29 $2.14 common share 2.66 2012 $3.66 2016 NET SALES BY BUSINESS SEGMENT(2) 2016 NET SALES BY MARKET MATURITY Grooming 11% Baby, Feminine 28% and Family Care Health Care 11% Developing 35% 65% Developed Markets Markets Fabric and 18% Beauty Home Care 32% 2016 NET SALES BY GEOGRAPHIC REGION Europe 23% North America Greater China 44% 8% Latin America Asia Pacific India, % Middle East % 8 & Africa (IMEA) 9 8% (1) Diluted net earnings per common share are calculated based on net earnings attributable to Procter & Gamble. -
Making Business Virtuous
Making Business Virtuous MAKING BUSINESS VIRTUOUS Jay Hein & Gary Wilkinson, Ph. D. 10/26/2015 Abstract This paper speaks to the growing disenchantment of capitalism and introduces virtuous business as the only antidote capable of restoring trust in the free market system. What is recognized is that now, more than ever, there is need for a clear distinction between values-neutral capitalism and virtuous business. Two case studies are exampled. The first showcases how The Andersons, Inc. maintains a culture of ethical decision making, even amidst growth through acquisitions. The second case covers Tyco, and how new leadership approached the rebuilding of company culture following massive fraud. Finally, the paper posits that the objective of becoming or remaining a virtuous business is the overarching goal for a business. It is always a work-in-progress, an aim never totally achieved; but, an organization that steadfastly strives to be virtuous gains the greatest opportunity for longevity and provides the greatest benefit to society. Page 2 © DeVoe School of Business. All Rights Reserved Making Business Virtuous Presented by: Page 3 © DeVoe School of Business. All Rights Reserved Making Business Virtuous Making Business Virtuous “There is no right way to do the wrong thing.” This was a core operating principle for Dayton Molendorp, whose decade as CEO of OneAmerica increased assets from $15 billion to more than $36 billion (Swiatek, 2014).Notably, much of that growth occurred during the 2007- 09 recession. Molendorp’s leadership suggests that old-fashioned values can translate into success in the new economy. And he is not alone. -
The Annual Report on the World's Most Valuable Cosmetics Brands April 2017
Cosmetics 50 2017 The annual report on the world’s most valuable cosmetics brands April 2017 Foreword Contents steady downward spiral of poor communication, Foreword 2 wasted resources and a negative impact on the bottom line. Definitions 4 Methodology 6 Brand Finance bridges the gap between the marketing and financial worlds. Our teams have Executive Summary 8 experience across a wide range of disciplines from market research and visual identity to tax and Full Table 12 accounting. We understand the importance of design, advertising and marketing, but we also Understand Your Brand’s Value 13 believe that the ultimate and overriding purpose of How We Can Help 14 brands is to make money. That is why we connect brands to the bottom line. Contact Details 15 By valuing brands, we provide a mutually intelligible language for marketers and finance teams. David Haigh, CEO, Brand Finance Marketers then have the ability to communicate the What is the purpose of a strong brand; to attract significance of what they do and boards can use customers, to build loyalty, to motivate staff? All the information to chart a course that maximises true, but for a commercial brand at least, the first profits. answer must always be ‘to make money’. Without knowing the precise, financial value of an asset, how can you know if you are maximising your Huge investments are made in the design, launch returns? If you are intending to license a brand, how and ongoing promotion of brands. Given their can you know you are getting a fair price? If you are potential financial value, this makes sense. -
2.2.9. Procter & Gamble
1 Dirty recyclables of a Procter & Gamble brand Credit: Les Stone P&G has made no commitments regarding collection, and neither calls for legislation in this area nor mentions support for DRS. It high- lights different targets on its US environmental sustainability webpage6 than on its UK equivalent.7 At the time of writing, there was no reference to the development of reuse-and-refill delivery models for P&G products on their UK site;8 on its US site, however, the company highlights its 2019 participation in test programmes with TerraCycle’s Loop project in New York and Paris,9 in which its brands Pantene, Gillette and Venus were included.10 When it comes to reduction of virgin-plastic use, P&G states alternative materials will only be used ‘when it makes sense’, and that lightweighting, increasing recycled content and moving towards more concentrated products will take priority.11 However, this does not appear to involve an absolute reduction in the total number of single-use plastic-packaging units. It is also unclear what instances the company will consider using alternative materials in, and which types of materials. In another document on the company’s brand criteria for 2030, it states it will achieve ‘a meaningful increase in responsibly-sourced bio-based, or recycled or more resource efficient materi- als’;12 however, this commitment is nebulous because it does not include an actual target, timeframe or more detail on what ‘responsi- bly-sourced’ means. When it comes to minimum recycled content, P&G talks about ‘continuously innovating with recycled plastic’,13 and, according to As You Sow, has a recycled-content target of 8% for 2025.14 This is a very modest increase – from 6.3% in 2018. -
Character and Leadership: Ancient Wisdom for the 21St Century
This is a repository copy of Character and Leadership: Ancient Wisdom for the 21st Century. White Rose Research Online URL for this paper: http://eprints.whiterose.ac.uk/145660/ Version: Accepted Version Article: Born, D and Megone, C orcid.org/0000-0002-4598-1055 (2019) Character and Leadership: Ancient Wisdom for the 21st Century. The Journal of Character & Leadership Development, 6 (1). pp. 68-87. ISSN 2372-9465 Reuse Items deposited in White Rose Research Online are protected by copyright, with all rights reserved unless indicated otherwise. They may be downloaded and/or printed for private study, or other acts as permitted by national copyright laws. The publisher or other rights holders may allow further reproduction and re-use of the full text version. This is indicated by the licence information on the White Rose Research Online record for the item. Takedown If you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing [email protected] including the URL of the record and the reason for the withdrawal request. [email protected] https://eprints.whiterose.ac.uk/ Character & Leadership: Looking Back & Ahead 1 Character & Leadership: Ancient Wisdom for the 21st Century Dana H. Born Harvard University Christopher Megone University of Leeds Character & Leadership: Looking Back & Ahead 2 Abstract This paper is inspired by the sentiments of Winston Churchill, “The further back you can look, the farther forward you are likely to see.” Notwithstanding all the work and intellectual efforts by current scholars and practitioners on the topic of good leadership and good character, there is much to be learned by drawing from the ancient philosophical tradition, notably Socrates, Plato and Aristotle.