Procter & Gamble, founded by William Procter and James Gamble, has a strong focus on research and development, a diversified product portfolio, and a leading market position but faces challenges like product recalls and reliance on Walmart. The company is expanding into developing markets and focusing on digital marketing strategies to improve consumer engagement and loyalty. With its structured global operations, P&G is committed to innovation and evolving its marketing approach to maintain competitiveness in a dynamic market.