“I Think of My Failures As a Gift”

Harvard Business Review, Karen Dillon, April 2011, page 86

Former CEO of Procter and Gamble, A.G. Lafley is considered as one of the most successful Chief Executive Officers in recent history.  However, Lafley explains that some of the biggest lessons learned have come from making mistakes. Lafley carefully studied P&G’s past 30 years of unsuccessful acquisitions and identified five reasons for their missteps. 

1. Lack of strategic reason
2. Slow integration
3. Expected synergies that did not evolve
4. Incompatible cultures
5. Company leaders who could not work together

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