Lalit K Jha/ PTI / Washington May 15, 2009, 11:43 IST
At a time when the world is reeling under the impact of an economic crisis, PepsiCo Chairwoman and one of the most influential women of the world Indra Nooyi believes that the corporate sector needs to rethink its role and adapt itself with the changing times.
"Aristotle once said that the unexamined life is not worth living. I think it's time to examine what we do once more in the spirit of a critical friend. Let's pause for a moment to consider what we need to examine," She said while addressing a meeting of CEOs at the Economy Club of Washington.
Given the bitter experiences of the current economic crisis, the world needs a new breed of CEOs, she said. "I think there are at least five ways in which job description will change," Nooyi said.
The CEO has to think long-term and needs to understand the way public and private sectors are coming together and work constructively within that framework. CEOs need to make the phrase "think global and act local" more than a cliche.
CEOs need keep an open mind so they can adapt to a rapidly changing world and need to bring an abundant dose of emotional intelligence to the job, Nooyi said.
"The whole perspectives in which companies are viewed needs to shift from short to the long-term, and as I would say, to a focus on shapes, not just numbers," she said, adding a modern company cannot function without private public partnerships.
"I think CEOs of future cannot afford to do business the old way...The central skill of the new CEO, in my view, is adaptability," she said.
The company of the future has to be guided by the fact that it owes an obligation back to society. The company of the future has to do better by doing better, she said.
Observing that capitalism has amazing powers of recovery, Nooyi said: "But we all need to accept that the pursuit of short-term performance is not enough. That performance needs to be allied to a purpose. Otherwise, as we have seen, performance disappears too. We all, CEOs of today, members of boards of directors, are under an obligation to change from the short-term view to a sustainable view."
Nooyi said: "We can indeed convert this crisis into a great opportunity. But if we are to do that, it's no use looking at ourselves in the mirror without realizing that the person with the responsibility to lead the change is staring right back at you."
Nooyi, rated as one of the most influential women of the world, is the first Indian American to have reached such a position as PepsiCo boss.
I am sure , reading my comments in Pizza hut will make her understand the reasons for deterioration or Pepsi
I made complaint for home delivery and your number is Your feedback ID is 4563. I got call from manager late in the evening who was not only rude but also abusive. he believed we north Indian always creates problem in Chennai . Very pathetic customer Redressal system
Unfortunately on 24th I went to Spencer, feeling hungry we ordered pizza as promised to be served in 20 minutes. I don't mind and thought earlier was one odd case . When Pizza not served for 45 minutes. we tried to find out the reason. To our horror same delivery boy who came one day before came out and said we will not be served any Pizza since we made complaints and asked to leave . Great service . I need to put it on different sites about Pizza hut and also to Nooyi who is a disaster as CEO of Pepsi as reported in newspapers today
I would like to say this to Indra Nooyi..
Indra Nooyi should cease to be a CEO of Pepsi. Pepsi is a company that has no product that is useful/nice and good for the body and environment. For 1 litre of a bottle of pepsi, 8 litres of fresh ground water is wasted in production. If CEO's need to change, I think it's companies like Pepsi that need to change by offering valuable foods even if that means reducing to nothing. Pepsi is not a company that is currently offering anything valuable to the world. Its perpetuating an addiction of harmful foods and is no different from a tobacco company in terms of the end results.
Content Guide
