If you're a hard worker who takes pride in your work, this company is not for you. Management seems to promote their friends to higher positions rather than the people who are more qualified and get the job done.
As other posts have stated, this company lacks innovation and vision - I also believe the company lacks ethics as well. Good luck trying to talk to HR about anything because they will being it up to your manager and your manager will likely retaliate and try to make your job miserable.
If you love playing the corporate game and lying and kissing the right behinds to get ahead, then this company is for you. If you take pride in your work and like to work hard every day, keep looking for a company which actually cares for their employees and would value your contributions.