Introduction PepsiCo, Inc. was established through the merger of Pepsi-Col and Frito-Lay in 1965 and is now responsible for the selling of many soft drinks and snacks through acquisitions of Seven-Up, Pizza Hut, Taco Bell, KFC, Tropicana, Quaker Oats, and Gatorade in following years. This corporation been a forerunner of diversity and inclusion initiatives since the 1960s by appointing the first African American vice president at a major company. It has since named the first Latino cooperate officer, the first Asian executive, and the first Black Managers Association. In the late twentieth century, PepsiCo even launched a major diversity study that led to minority executives, an ethnic marketing department, and multiple minority …show more content…
Third, there seems to be some internal resistance to the cultural initiatives within the company despite the improvements. The systems in place have allowed for many opportunities for feedback from minority groups, but there is still misrepresentation and poor communication remaining to be fixed. With other discontent employees, the new policies seemed biased and overly reliant on subjective methods rather than performance. Although the phases of Reinemund plan were great first steps, there remains work to be done internally to promote a diverse, inclusive culture.
Recommendations
In regards to leadership, Nooyi should intentionally make a public statement at the beginning of her time at PepsiCo. In these words and throughout the first few days as CEO, Nooyi should be hyper-aware of the perceptions employees may have of her as an older, Indian, woman. The tendency towards tokenism, the representation of one group through a single person, will be strong in this workplace and must be confronted. By breaking the glass ceiling, Nooyi has to opportunity to uniquely reinforce the natural system, commitment strategies that Reinemund carefully developed revolving around diversity. She should also mimic the authentic conversation tactics to keep inclusion issues as a major part of the company’s goals. In addition, Nooyi should
Diverse viewpoints, welcomed in an inclusive culture, can promote cross-pollination of ideas and yield new insights that would otherwise not occur (Derven, 2014). In today’s globally challenged economy, it takes mixture of fresh ideas, creativity and experience to beat the competition. Microsoft understands as a company, one sure way to improve morale to treat each employee with respect. This means recognizing them for who they are as individuals, valuing their input and making them feel welcome in the organizational family. The more organizations focus on creating an inclusive culture, the better opportunity they have to demonstrate agility in overcoming today’s economic barriers. Looking across these different industries, it is clear that to be successful, D&I initiatives must be adapted to each region, requiring a multi-faceted approach embedded into organizational practices and policies. Organizations that invest and respond to seismic shifts in the world's populations and patterns of growth will be leaders in their workplaces, marketplaces and communities. (Derven,
The story of one of the biggest marketing blunders in history, is a story of false hubris, desperation, and driving ambition. Made by one of the largest corporations in the world. The creators of a product on the forefront of the American consciousness. As intertwined into American culture as baseball, apple pie, and Thanksgiving dinner. That product of course was Coca Cola, the formula of which had remained unchanged close to 100 years. Since its creation by Atlanta pharmacist John Pemberton in 1885 as a topical remedy marketed as a cure from ailments such as stomach pains, headaches, and even impotence, Coca Cola had grown into the number one drink in America.
One of the objectives that the team discussed was diversity in the workplace. Major corporations have encountered issues concerning diversity in the work place. Our team can directly relate to this subject in the workplace since all of us are diverse minorities in our individual work place. It was discussed in the group that diversity in the workplace is the manager’s responsibility to insure that the workplace is a diverse environment. Managers in most companies are required to hire a diverse staff. Managers have the ability to use race, religion, and tenure as qualities to inspire success and
Their keys of successful are the case for PEPSICO. The Black Enterprise magazine has shown that PEPSI are the “40 Best Company for Diversity” at last year of their initiatives to create diversity in their workplace. In this such a big company, there have a large amount of employees that are 297,000 people and include 107,000 in US PEPSICO provides employees their health and financial wellness as their
A 2013 survey of Fortune 1000 companies found that 78 of the best performing companies that had taken significant efforts to diversify their management and board of directors had consistently outperformed their peers (Expert pg1). Diversity has a thorough impact on everyone’s life and it has been a part of humanity since the beginning (Div Mgmt pg 3). With the population becoming more diverse than ever, so too has the workforce and the need for organizations to provide opportunities, incentives, privileges, and facilities to attract and retain diverse employees (Div Mgmt pg3). In a statement released by Catalyst Census in 2013, Ilene Lang, president, and CEO, said: “Diverse business leadership and governance is correlated with stronger business performance,
In a survey, 24 executives were asked way advancing diversity in their organizations was so important to them. The majority believe “it was a business imperative because their companies needed it to stay competitive, and they believed it was a moral imperative because of their companies needed of their personal experiences and values” (Broysberg & Connolly, 2013). Steve Reinemund was the first senior leader at PepsiCo to focus on diversity and inclusion from a perspective of changing the entire culture of PepsiCo. Under Reinemund’s leadership there led to a 38.8% increase of employees that felt the culture of PepsiCo was more inclusive from the impact of inclusion training. There is a great demand for individuals who know how to design and
Diversity can include race, gender, culture, religion, age, physical disabilities, height, education level, income level, geographical location, technical abilities, socioeconomic background, personality characteristics, and values (Verma, 2015). With such a vast array of possible differences among the employees within an organization, it is important that there is care put into ensuring equal treatment for all. The employees in leadership roles must have the skillset necessary to build on the skills of their subordinates. Leadership must be able to focus more on the strengths employees possess and utilize those for growth opportunities for the company. There are many positive opportunities that can come from diversity, unfortunately it can also be the cause of many
However, many women still find their career goals still unattainable or difficult to achieve. For instance, there is the glass ceiling which is an invisible that separate individuals from moving to the next level. Although, now many women are not hitting the glass ceiling as they would leave a job before it got to that point. Moreover, women are actually thought to be better managers because of the qualities that they possess. However, it is essential organization demonstrate cultural competence if the organization wants to lead a successful diversity plan. Cultural competence is the ability to interact effectively with people of different cultures. The five-step process for implementing a diversity plan are uncover diversity problems in the organization, strengthen top management commitment, choose solutions to fit a balanced strategy, demand results and revisit the goals, and maintain momentum to change the
As we know that, PEPSI is such a famous soft drinks in all around the world and I think that most of us know about it. Behind if their successful, they might having their key of successful. The Black Enterprise magazine has shown that PEPSI are the “40 Best Company for Diversity” at last year of their initiatives to create diversity in their workplace.
Indra Nooyi, born on 28 October 1955, is among the inspirational leaders who have made considerable turn around in the Fortune 500 companies (Morris, 2008). She is the current Chief Executive Officer and chairperson of PepsiCo. She is among the most powerful women in the world as ranked by Fortune and Forbes. In 2014, Forbes ranked her 13 out of the 100 most powerful women in the world. In the same year, Fortune ranked her third most powerful woman. Nooyi is a chief architect of the company’s policy of performance with purpose. Under her leadership, the company does what is good for the business by concentrating on its target market (Deresky, 2014).
Coca-Cola is the largest non-alcohol beverage manufacturer in the world, which holds approximate 43% market share. The firm is also ranked in top 20 in the Fortune 500 in terms of the largest capital with over 100 billion dollars in assets. John Stith Pemberton is the founder of the firm, which is headquartered in Atlanta, Georgia. During its 100 years of history, Coca-Cola has grown its businesses substantially in the globe. Currently, the firm presents over 160 countries, including China, India, Japan, and South East Asia countries. The main objectives of the firm that is it can serve its products to all consumers in the globe, and expands its businesses to the majority of strategic regions. In order to grow and expand its present to the other major markets, Coca-Cola executes its marketing strategies based on three different categories, including price, place, partnerships, and core products. These marketing methods have supported Coca-Cola to sustain, and grow in the soft drink industry.
PepsiCo was incorporated through the merger of Pepsi-Cola and Frito-Lay in 1965. Pepsi-Cola was established in 1898 in North Carolina, when Caleb Bradham developed the Pepsi-Cola soft drink and sold it to his pharmacy clients. PepsiCo is a global beverage and snack company that produces, markets, and sells a variety of sweet, convenient, salty, and grain-based snacks, carbonated and non-carbonated beverages, and foods.
Since being appointed CEO of PepsiCo in 2006, Indra Nooyi has been secure in herself, her Indian roots, and is extremely values-driven. This is demonstrated in her mix of socialized charismatic and authentic leadership in addition to her respect of work life balance for both her self and her employees even recognizing the support of employee families to the company as a whole. Under Nooyi’s leadership, a value oriented and motivated corporate culture was established at at all levels of PepsiCo. Case 10 Indra Nooyi: A Transcultural Leader delves deeper into the more instrumental elements of Indra Nooyi’s
PepsiCo, Inc. is among the most successful consumer products companies in the world, with 1999 revenues of over $20 billion and 116,000 employees. The company consists of: Frito-Lay Company, the largest manufacturer and distributor of snack chips; Pepsi-Cola Company, the second largest soft drink business and Tropicana Products, the largest marketer and producer of branded juice. PepsiCo brands are among the best known and most respected in the world and are available in about 190 countries and territories. Some of PepsiCo 's brand names are 100 years old, but the corporation is relatively young. PepsiCo, Inc. was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay.
1. SWOT ANALYSIS: Strengths Coca-Cola has been an intricate part of American culture for over a century. The product 's image is laden with sentimentality, and this is an image many people have taken deeply to heart. The Coca-Cola image is displayed on T-shirts, hats, and collectible memorabilia. This extremely recognizable branding is one of Coca-Cola 's greatest strengths. "Enjoyed more than 685 million times a day around the world Coca-Cola stands as a simple, yet powerful symbol of quality and enjoyment" (Allen, 1995).