stakeholders rather than only shareholders. These stakeholders include customers, suppliers as well as everyone with whom the company deals.
"I also think the challenge for a CEO is to manage the duration of the returns along with the level of returns. It is not good to focus only on getting a very high level of returns," Nooyi said.
About the role of CEOs in today's world and the need to engage with governments, Nooyi said: "I think every company is a product, a victim or beneficiary of government policies of every country where it works".
According to her, every CEO has to decide with whom they want to build a relationship but it is tough because governments change.
Referring to the global economic crisis, Nooyi said that all the CEOs who worked in the first part of the decade had strong tailwinds from the earlier economic growth.
"But then CEOs changed and the economy collapsed. It was a big challenge for all of us... we had to take big decisions which were not easy at all.
"I was out there like a missionary explaining employees what I was doing. There were many questions, but we went ahead. And now people admit that I was right and we followed the right path," she said.