Pros
Sounds strange, but there really are too many ways that the company could grow given the vast amount of technical and commercial expertise we have. While that also presents challenges (where to prioritize, and how), the company is fantastic for allowing people to explore new areas of opportunity. Similarly, the peer-to-peer interaction is excellent on an individual level, from the general level of helpfulness and friendly attitudes, to the expectation of peer coaching and "see it, say it" that has been fostered over the past several years.
Cons
Organizationally, there is gap in what is said at the top management level, to what is experienced by those from upper-middle management on down. In part, that may be a function of having a very hierarchical organization, rather than a very flat one. There are a number of silos that exist which drive decision making in a way that is not always what's best for Lubrizol, but rather what is best for that silo. Similarly, while there is great peer support and interaction, there seems to be a great deal of barrier-setting on the part of managers to prevent team members from getting too involved outside of their narrow realm of contribution, which can demotivate some of the more helpful and productive employees.