Wednesday, June 11, 2008

PepsiCo's Leadership Philosophy of Performance with Purpose

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Welcome to Anbusivam’s blog page.
Indra Krishnamurthy Nooyi, PepsiCo's CEO, named frequently as one of the most powerful business leaders in the world, listed as fifth most powerful woman in the world by Forbes magazine, named among Time's most influential people in 2007 - 2008, spoke about the key roles that PepsiCo's employees play in realizing the vision of "Performance with Purpose".

Nooyi says, she believes that each one of PepsiCo’s 185,000 employees is a leader. There are two reasons for this. First, PepsiCo is a meritocracy. Hard work gets recognized. Second, PepsiCo has an entrepreneurial culture, so people have the ability to take the initiative to develop good ideas.

These are some skills that Nooyi believes to be the hallmarks of a good leader:

1. Competence:

You must be an expert in your function or area of expertise. You will become known for that.

2. Take a stand:
You must be known for your courage and confidence to act and say what you believe is right.

3. Communication skills:
Communication skills are critical. You can never over-invest in them.

4. Coaching:
Surround yourself with good mentors. Listen. Learn. Your mentor is a major force.

5. Your moral compass:
Have the strength and courage to do what’s morally right, not what’s expedient. Your moral compass must be your true north.

She also says that, Companies that want to grow and prosper must attract the best people to come to work for them. That means having a work environment that inspires people, motivates them, and brings out their best.

According to her, it’s important to create an inclusive culture: a place where people can “bring their whole selves to work.” A place where diverse values, beliefs, and practices are treated with respect. It’s also vital that people are shown respect by speaking to them with truth and candor. Give people honest feedback. Let them know where they stand. Be clear about what they need to do to improve or to reach their career goals.

Find below her interview for ASTD's training and development magazine T+D. --> Performance with Purpose

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With Love
Anbusivam

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