PepsiCo CEO Indra Nooyi knows that ongoing innovation is the key to the company’s global success that triggers and helps retain brand loyalty.
“Our innovation success today is the result of significant investments in and changes to our innovation research and development capabilities and processes that began about eight years ago,” Noooyi said during the company’s July 9 second-quarter earnings conference call, according to Seeking Alpha. “At that time, we were in an extremely decentralized organization, operating as a loose confederation of geographic business units, with each largely driving its own development agenda and establishing their own processes.
