Winning with Purpose: Pepsico's Journey Towards a Better Future
By Avinash Ashok Pepsico's Performance with Purpose initiative stands as a remarkable study, showcasing how a global powerhouse can integrate purpose into its core business strategy. Facing the Great Recession, Pepsico's chief strategist, Indra Nooyi, dared to ask a fundamental question: "What kind of company did Pepsico want to be going forward?" This pivotal moment set the stage for Performance with Purpose, a new approach that aimed to deliver financial returns while addressing social and environmental challenges. The company demonstrated resilience, with its net revenue growing from $43.3 billion in 2008 to $86.39 billion in 2022, a remarkable increase of nearly 100%. (Source: Pepsico Annual Report, 2022) Purpose-Driven Leadership: Indra Nooyi's leadership was visionary and inclusive. By adopting the "2+2+2" leadership concept, Pepsico encouraged executives to gain experience in two businesses, two functions, and two geographies. This approach fost...