This report analyzes various leadership theories and their application within PepsiCo's transition to a more flexible organizational structure. It examines the essential leadership skills and competencies required for success in this new environment, focusing on traits theory, behavioral theory, leader-member exchange (LMX) theory, authentic leadership, and servant leadership. Each theory is evaluated for its advantages and disadvantages in the context of PepsiCo's goals, highlighting the necessary skills like managing change, risk-taking, communication, mindset development, vision setting, problem-solving, and relationship management. The report concludes by emphasizing the need for a leadership style that fosters delegation, close relationships with employees, and aligns with the company's vision for a flexible and competitive organization. The report also includes a table of contents and a comprehensive list of references.