Show Notes
Procter & Gamble’s Lean Innovation Transformation | Cold Call
7 Jun 2023
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When Kathy Fish became Procter & Gamble’s Chief Research, Development & Innovation Officer in 2014, she was concerned that the world’s leading consumer packaged goods company had lost its capability to produce a steady stream of disruptive innovations. In addition, intensifying competition from direct-to-consumer companies convinced Fish that P&G needed to renew its value proposition to make all aspects of the consumer experience “irresistibly superior.” But making this change would require wholesale transformation from within. Can Fish bring lean innovation to scale at Procter & Gamble?
Harvard Business School assistant professor Emily Truelove discusses the challenges of bringing this established company back to an innovative mindset in her case, “Kathy Fish at Procter & Gamble: Navigating Industry Disruption by Disrupting from Within.” (https://store.hbr.org/product/kathy-fish-at-procter-gamble-navigating-industry-disruption-by-disrupting-from-within/421012?sku=421012-PDF-ENG)
This episode originally aired on Cold Call on June 29, 2021.
You can also listen to this episode on HBR.org, and wherever you listen to podcasts: - HBR.org (transcript available here): https://hbr.org/podcast/2021/06/procter-s-lean-innovation-transformation - Apple Podcasts: https://podcasts.apple.com/us/podcast/procter-gambles-lean-innovation-transformation/id1156646189?i=1000527247342 - Spotify: https://open.spotify.com/episode/54cbsZZyoJM2WTokxZVl1k?si=133a530182b44df9 - Stitcher: https://www.stitcher.com/show/cold-call/episode/procter-gambles-lean-innovation-transformation-85058363 - Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmhhcnZhcmRidXNpbmVzcy5vcmcvaGFydmFyZGJ1c2luZXNzL2NvbGQtY2FsbA/episode/dGFnOmF1ZGlvLmhici5vcmcsMjAxNi0wOS0xNjpjb2xkLWNhbGwuMDE1MQ?sa=X&ved=0CAIQuIEEahcKEwjgp7H1nZH_AhUAAAAAHQAAAAAQLA
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Chapters: 00:00 – Intro 2:09 – Why Is It So Hard for P&G to Innovate? 4:52 – P&G’s History of Innovation 8:35 – Kathy Fish, Chief Research, Development, & Innovation Officer 9:40 – Culture at P&G 12:07 – Irresistible Superiority 13:56 – Growth Works 19:21 – Killing Projects 23:40 – Garage: Centralized Capabilities 26:53 – Outro
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