Procter & Gamble is an American multinational consumer goods company founded in Cincinnati, Ohio in 1837. It produces a wide range of cleaning agents and personal care products. P&G's approach is to acquire or partner with smaller companies on a trial basis to learn from their successes before making larger commitments. The company's purpose is to improve customers' lives through continued innovation to reach more consumers globally. Key factors in P&G's success include investment in R&D and innovation, a global business model, collaborations beyond the company, and effective marketing strategies.