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- John Pepper on P&G's Growth and Global Strategy

[3:04] John Pepper on P&G's Growth and Global Strategy

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Learning English isn't just about mastering grammar and vocabulary—what matters more is the ability to use the language naturally in real-life situations. However, textbook sentences are often too formal and differ significantly from real-life expressions. To speak authentic and natural English, you need exposure to real-world dialogues. Here, we’ve selected commonly used English expressions across scenarios like socializing, work, and travel to help you break free from 'textbook English' and learn how native speakers truly speak. Below is the content of this episode, “Episode 22: John Pepper and Procter & Gamble.” Stay consistent in your learning, and your English will become more practical and life-oriented!
Tied, Pampers, and Mr. Clean, they're established American products, but the consumer giant that makes them is working hard to establish them as household names outside of the US. Here's CEO John Pepper's view from the top of Procter & Gamble. When I came here 33 years ago, I certainly wasn't thinking about being a CEO of this company. I, in fact, thought I would be going out to law school within the next year and I was really doing this just to see what a business was like. John Pepper never did make it to law school and that venture into the business world turned into a lifetime career at Procter & Gamble.The requirements for doing jobs today are changing almost at lightning speed and part of that is going to have to be handled by much better preparation for students as they come in into jobs, but even once into a company like our own, this need for continuing education to be able to anticipate and carry out the jobs with the technology is going to require more training than ever before.
Currently 55% of Procter & Gamble's business is outside of the US. Ten years from now, Pepper predicts it will be closer to 65 to 75%. Our focus in emerging markets has a number of centerpieces as you'd imagine. Asia, of all the emerging markets will certainly be the largest in terms of population and we're really delighted with the progress we're making there, particularly in China, but also in India and the rest of Southeast Asia. Our development into Eastern Europe has been a source of great pride to us. We went in there five years ago. We are now the largest consumer goods company. We believe in Eastern Europe including Russia.
John Pepper has worked for Procter & Gamble all of his professional life and while there are obvious advantages to being an insider, Pepper is aware of the dangers. We need to be sure we're reaching out that we don't become insured, that we get outside points of view coming in, that we bring in academics from time to time, a consultant that we visit other companies. I spend a lot of time visiting and talking to people from other companies to try to make sure that we're not insured and that we're not losing a cutting edge of change, but I would not give up for anything, the strengths that we get from what we call this, promote from within culture and what it brings in terms of values, identifying with them, knowing each other and I think being able to communicate without a lot of fuller all and a lot of in the formality.
This concludes the episode “Episode 22: John Pepper and Procter & Gamble,” brought to you by Qicaiwang. We hope it’s been helpful!

- venture
noun
1. any venturesome undertaking especially one with an uncertain outcome
2. a commercial undertaking that risks a loss but promises a profit
3. an investment that is very risky but could yield great profits
e.g. he knew the stock was a speculation when he bought it
Synonym: speculation
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