PepsiCo Mission Statement

This is PepsiCo Inc. mission statement overview in 2013. For more information on how to write a mission statement, please refer to our article.

Company Background

NamePepsiCo Inc.
LogoPepsiCo logo
Industries servedBeverages, Food
Geographic areas servedWorldwide
HeadquartersU.S.
Current CEOIndra Nooyi
Revenue$ 65.492 billion (2012)
Profit$ 6.178 billion (2012)
Employees297,000 (2012)
Main CompetitorsThe Coca-Cola Company, Dr Pepper Snapple Group, Inc., Mondelez International, Inc., Hansen Natural Corporation, National Beverage Corp., Kraft Foods Inc., The Kellogg Company, ConAgra Foods, Inc., Nestlé S.A. and many other companies.

PepsiCo is a world leader in convenient snacks, foods and beverages.

Mission

PepsiCo mission statement 2013

“Our mission is to be the world’s premier consumer products company focused on convenient foods and beverages. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity.”
Evaluation
Does it include…?
CustomersProducts/ ServicesMarkets
NoYesYes
TechnologyConcern for survivalPhilosophy
NoYesYes
Self-conceptConcern for public imageEmployees
NoYesYes
Does it mention values like…?Customer or product-oriented?
CitizenshipTeamworkProduct-oriented
NoNoScore
ExcellenceIntegrity
NoYes2.6/4.5

(This evaluation framework is composed of the guidelines listed in our article: Mission Statement for Success)

Overview

PepsiCo’s mission has scored 2.6 points in our evaluation, which is an average score. The statement doesn’t include any information on who are the company’s customers, what technologies are used or competitive advantages that the PepsiCo has. The company mentions only one value, integrity, out of 4 values that are used in our evaluation. Yet, the main drawback of PepsiCo’s statement is that it’s product-oriented. Product-oriented unlike customer-oriented missions focus on what products to produce and services to provide to the market rather than satisfying customers’ needs. Product-oriented missions become obsolete if the company ventures into new product markets because it no longer accurately describes the company’s business.

Therefore, PepsiCo should improve their mission by adding the missing components and changing it to customer-oriented mission.

Sources

  1. PepsiCo (2013). Our Vision & Mission. Available at: http://www.pepsico.com/Company/Our-Mission-and-Vision.html

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