PepsiCo - Leading Diversity as Innovative Practice

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PepsiCo- Leading Diversity as Innovative Practice
The framework for innovation systems consists of four components. Described in Davila, Epstein, & Shelton (2013), these components are inputs, processes, outputs, and outcomes. Inputs includes people, money, culture as well as motivation. Processes include are the actual execution of the inputs. Outputs are the results of the innovation business model and finally, the outcomes is the actual value for the organization as a result of incorporating the innovation system.
PepsiCo is a Fortune 500 company listed as #43 (CNNMoney, Pepsico). One of the innovation metrics component that is used at PepsiCo is the input resource. Davila et al, (2013) states that inputs are important processes of success. The input process utilized translates into the innovative practice of being a diversified organization.
The following paper addresses how PepsiCo’s CEO, Ms. Indra Krishamurthy Nooyi is a leader in innovative diversity to complement a culture that has proven success. Furthermore, Ms. Nooyi’s leadership is known for being chiefly responsible for PepsiCo’s growth and is renowned for promoting diversity (Canas & Sondak, 2013).
PepsiCo’s Tangible Input for Innovation
(Davila et al, 2013) describes inputs as tangibles which are the people, money, etc. At PepsiCo, the tangibles serve as one of the cores of their innovative diversity measure. Ms. Nooyi leadership of people, mainly Indian women in the business world and career-driven women who have children, has set a successful example of visibility for women in business. In 2008, she received the National Bridge Award for her commitment to advocating multiracial diversity in corporate governance.

PEPSICO- LEADING DIVERSITY ASINNOVATIVE PRACTICE 3
Ms. Nooyi has also received other acknowledgements such as the Wall Street Journal’s list of 50 Women to Watch, Time’s 100 Most Influential People in the World, Forbes 50 Most Powerful Women in the world and named Fortune magazine’s Most Powerful women in business four years in a row ( Canas & Sondak, 2013).
PepsiCo’s Intangible Input for Innovation
The intangibles, culture and motivation, are Ms. Nooyi’s key to success. As a leader, she has the ability to motivate especially utilizing emotional intelligence. Emotional intelligence is the ability to perceive, understand, and use emotion as a base of information (Salaeditor & Mount, 2006). Ms. Nooyi firmly believes that “leaders must have different skills which includes the ability to work closely with public official and exhibit emotional intelligence towards employees” (Shahida & Mohanty).

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