This report provides an in-depth analysis of PepsiCo's change management strategies, focusing on the application of the Waterman 7s model and the Kurt Lewin change management model. The report begins with an executive summary and an introduction to PepsiCo, highlighting its global presence and mission. It then delves into the Waterman 7s framework, examining the company's strategy, structure, systems, shared values, skills, style, and staff. Following this, the report explores the Kurt Lewin change management model, outlining the unfreezing, change, and refreeze stages in the context of PepsiCo. Key factors demanding change, such as globalization, are discussed, along with resource implications, including human, technological, financial, and physical resources. The report also addresses employee resistance to change and suggests strategies for overcoming it, such as motivation and effective communication. Finally, the report offers recommendations and conclusions based on the analysis, providing insights into how PepsiCo can effectively implement change management initiatives.