Question

The first few years after Indra Nooyi took over as PepsiCo’s CEO and implemented Performance with Purpose, the company underperformed its archrival Coca-Cola Co. by a wide margin. What should a strategic leader do if his or her vision does not seem to lead to an immediate (financial) competitive advantage? What would be your top three recommendations? Support your arguments. (write it in one paragraph - no more than 200 words)

Answer 1

Step-by-step explanation:

An ancient proverb says, "Plans fail when there is no consultation, But there is accomplishment through many advisers". A strategic leader would seek the advice of others in his or her company whether or not they are his subordinate.

Consequently, Indra Nooyi would need to show patience by;

• not focusing only on financial progress but on doing things better for society.
• creating a work environment where the team members can freely share their ideas to implement her "Performance with Purpose" strategy.
• investing more in research and development.