Top Financial Success Mantras from Pepsico’s CEO Indra Nooyi

Today, many people who are in the business run to be financially successful. With thousands of businesses in the Market, one cannot deny the existence of tough competition in the business sphere.

But, at times, in the game of success, unhealthy competition can ruin the foot-mark one may want to make in the market. So how to have the right spirit of competition and success? Let’s hear from the famous Indra Nooyi!

Indra Nooyi has just not taken India on to the global maps, but doubled the business of Pepsico. She has inspired not just women, but also businessmen around the globe.

About Indra Nooyi Success

Indra Nooyi is a businesswoman who has been instrumental in the growth and expansion of Pepsico. She served as Pepsico’s CEO and chairman. In 2017, under Nooyi’s leadership, Pepsico’s revenues grew from $35 billion in 2006 to $63.5 billion.

She has been a pioneer in the growth and development of Pepsico in America and other countries. Today, she serves on the boards of Amazon and the International Cricket Council (ICC). Performance with Purpose is part of her core belief system for financial success.

Top Tips from Indra Nooyi for Financial Success

1. Look at Business as Long-term Investments

One of the aspects that Indra Nooyi strongly believes is to look at the business as long-term investments. She says financial success in business is possible only if it is treated as an investment. There has to be performed along with a purpose. She once said that we’ve purposed in how we run the company and make the money. That is a sustainable model. That’s what performance with purpose is all about.

Look at the way you are spending and why you are spending so much. Decide on reducing wastage and align your work culture and operations to help your vision become clearer and goals attainable.

2. Pursue Sustainability

One of the aspects Nooyi strongly affirms is sustainability. She says that sustainability is meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Creating a sustainable environment for the present and future generations to live in is what will help businesses flourish and new businesses come in place. The financial success of any business lies in its long-term growth and strategies.

Create sustainable financial growth models for the company and its operations for the present and the future. Invest in public and environmental welfare.

3. Invest in Transformation

She once said that the only way to run a company for the duration of the company is to invest in the transformation when the world demands a transformation. The world is changing every day with newer technologies replacing the older ones. It is important to keep the operations and workforce of the company at par with the changing world to be able to drive financial growth and success of the company.

Invest in training employees and opening newer departments that will attract employment. This will result in the growth of the company and will help leave a footprint across all areas in the business world.

4. Innovate

Indra Nooyi supports innovation. She understands that innovation always begins with a few mistakes. She once rightly said that - if you don’t give people a chance to Fail, you won’t innovate. If you wanna be an innovative company, allow people to make mistakes. Innovation is one of the key drivers in financial growth and success of the company.

Without innovation, the company is bound to face shortages of ideas and lack of drive, which will directly impact the revenue of the company.

About Indra Nooyi

Indra Nooyi completed her graduation from Madras Christian College in 1976 with a bachelor’s degree in chemistry. She went on to complete her master’s degree in business administration from the Indian Institute of Management in Calcutta. Soon, she moved to the United States of America and got an additional master’s degree in public and private management from the Yale School of Management in 1980.

After that, for six years, Nooyi worked as a consultant for the Boston Consulting Group in the USA. She went on to hold executive positions at Motorola Inc. and Asea Brown Boveri (ABB).

In 1994, she joined Pepsico as senior vice president of corporate strategy development. In 2001, she was named the president and chief financial officer of the company. In 2006, she became the CEO and the 5th chairman in Pepsico’s 42-year history. She was the first woman to lead the soft-drink company and was one among the 11 female chief executives of Fortune 500 companies.

Conclusion

Indra Nooyi is one of the most powerful and influential women alive on the planet today. If there is one thing you should take back from her is the drive that she brings to her work. Financial success is possible with efforts, long-term investments, sustainable growth models and innovation.