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Article: New Program For Employees To Share Information.(Procter and Gamble Co.)(Brief Article)
- Article from:
- The Food Institute Report
- Article date:
- January 29, 2001
CopyrightCOPYRIGHT 2001 The Food Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knowing how hard it is for employees at large corporations to work together, Cincinnati, OH-based Procter & Gamble Co. is investing some money and several managers to form an independent venture that develops computer programs to manage and speed how employees share information, reported The Wall Street Journal (Jan. 23). P&G is joining with Magnifi Inc., a closely held marketing-services firm with technology assets, to form a still-unnamed company, which P&G hope will cut the amount of time it takes to develop and market products. The companies declined to disclose financial terms, although P&G will retain a minority stake in the new venture and invest some of its ...