PepsiCo Inc. is the second largest beverages company in the world. The company was started in 1898 at the back office of a pharmaceutical center by Caleb Bradham. Pepsi was originally known as Brad’s Drink as it was initially made to cure indigestions unlike today where such beverages are taken as a refreshment. It is known to have a big concern on obesity based on a variety of brands the company makes (Huws, 2002). Besides, the company is well involved in corporate and social responsibilities as it support a variety of sporting activities such as soccer and baseball. The company have be strong and has acquired a higher market share than even Coca Cola, its competitor in some places especially North America. Admittedly the company has suffered a lot from the stiff competition from Coca Cola and other beverage companies (Competition, 2014). Being the second largest, the company makes concentrates which are distributed to the branches across the world. Since competition is not constant, it is significant to evaluate its performance and recommend the best means to make it even stronger.
Trends in Performance Management
Performance is one of the key issues that affect the overall output of any company. Performance is linked to scheduling, commitment, management procedures and any other activity done in an organization. For PepsiCo Inc., the activities done each day includes getting the raw materials such as the fruits and the necessary chemicals used in making concentrates. From there, the company plans on how to distribute the concentrates to all the branches. Finally the concentrates are mixed to the right proportions to make the beverages which are then distributed to the consumers across the world. Any mistake in these process is bound to affect the long-term operation of the company and thus need to maintain an optimal performance.
Available performance Measurement Strategies
Performance management or measurement is a process by which any organization can gather information of a specific worker, a group of workers or even the whole company (Hahn, 2015). This process involves evaluation of the current states of performance against the set goals and mission of the organization. The process enhance monitoring of the daily processes and enacting an immediate amendment to ensure everything goes well.
Performance of PepsiCo Inc.
Are we improving the aspect of the world?
Are the products we produce healthy?
What is the progress toward being a premier organization?
Are the financial support provided helpful to the investors?
What are the procedures laid down to win the competition on beverages making.
Having these questions in mind, it will be easier to tell when a company is lagging down in performance. The company have got a management team that is responsible for monitoring all the processes to make sure they are in the right truck. Precisely, the company employs over 285,000 workers all over the world. Around 550 workers are located in Ireland where it is the top ranked tier and the best place to work. The company has laid down strong strategies to adopt strict standards that monitor and makes sure there is accountability of day to day actions. The policies cover areas of corporation management, talent support and the public at large (Huws, 2002).
On the financial support and loans sector, the company works hand in hand with the investors to enhance a secure and affordable money support. The company’s readiness in supporting the public is has a great influence on the people which attract more customers. A good number of people have been attracted many people to use the company’s products not by the fact that they really like the products, but on the basis that doing so it taking part in supporting many people across the world.
Common Problems Faced
The biggest challenge the company faces is competition and lack of accountability of some workers. Some of the workers besides reading through and understanding the company readiness in making many progresses, they drug the company down through dishonesty and inactiveness. For sure, one branch of a company has a great effect that can be felt in the whole company if they fall. Admittedly, PepsiCo Inc. has been reported in some fraud cases which are as a result of the inactiveness of the workers especially at the higher levels. Such cases affects other workers’ motivation and the overall market share (Fielder, 2001).
Conclusions and Recommendation
References
Competition. (2004). New York: United Nations.
Fielder, B. L. (2001). Motivation in the workplace: How to motivate workers to peak
performance and productivity. Mission, Kan.: SkillPath Publications.
Hahn, T. (2015). Cross-industry innovation process: Strategic implications for telecommunication companies.
Huws, E. (2002). Pepsi. Llandysul: Gomer.
Williams, C. (2010). Cram101 textbook Outlines to Accompany: Effective Management: A
multimedia Approach, 4th ed. United States: Academic Internet (AIP).
