By  on November 21, 2012

The Procter & Gamble Co. is in the midst of a colossal balancing act that requires the $84 billion consumer products giant to cut costs while sharpening its focus on innovation.

“Balance is what leadership is all about,” Bob McDonald, P&G’s chairman, president and chief executive officer, told Wall Street analysts at the company’s investor meeting, held in Cincinnati last week. “The greatest leaders are those who can balance what appear to be dilemmas to other people.”

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