Donald M. Kendall of Pepsi-Cola and Herman W. Lay of Frito-Lay founded PepsiCo, Inc. through the merger of both companies in 1965 (PepsiCo Our History ,nd ).
Caleb Bradham, who was a N.C. pharmacist, created the Pepsi-Cola company itself during the 1890s (PepsiCo Our History ,nd ).
The Frito-Lay, Inc. was formed during 1961 through a merger of the Frito Company and the H. W. Lay Company(PepsiCo Our History ,nd ).
Herman Lay is the chairman of the Board of Directors of the newly created PepsiCo company while Donald M. Kendall is president and chief executive officer (PepsiCo Our History ,nd ). The new company has 19,000 employees and sales of over 500 million dollars per year (PepsiCo Our History ,nd ). Some of the products of the Pepsi-Cola Company are Pepsi-Cola which was developed in1898, Diet Pepsi developed in 1964 and Mountain Dew, created in 1948 (PepsiCo Our History,nd ).
Mission Statement Analysis:
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 (PepsiCo Our Mission and Vision ,nd)
The PepsiCo mission statement talks about their products, being food products, which are easy to eat including consumer beverages. The PepsiCo mission statement also talks about the company’s concern for its financial stability, its concern about the enrichment of its employees and its concern for how it operates its business. The statement shows concern about how the company will operate, with integrity and honesty. The PepsiCo mission statement also shows concern about its business partners and the public, operating with fairness and integrity. They are concerned about their growth and also want to be number one in their market