Chief Executive magazine has named P&G the best overall company for leadership development in its list of the 2014 Best Companies for Leaders issue -for the third year in a row. The January/February 2014 cover story can be read on the magazine’s website.

In the article, P&G is noted for placing a premium on developing people from within, judging senior managers on their ability to develop those who report to them, and a development program that includes formal and informal training.

A.G. Lafley, who mentors high achievers at the company, discusses his informal “on the job” training in his recent book, Playing to Win:

“My years at P&G afforded me ample opportunity to learn about business strategy and practice business leadership and management by doing. There, with clear accountability for strategy, operations, and results, I learned from my mistakes, lived with my failures, and appreciated on a daily basis my colleagues’ contributions to whatever success we were able to achieve together.”