MGT 489 Final Report On YUM Brands
MGT 489 Final Report On YUM Brands
MGT 489 Final Report On YUM Brands
Submitted to:
Mr. Samuel Mursalin
Lecturer, Department of Management
School of Business and Economics
North South University
Summer 2021
Submission date: September 17, 2021
Group Members:
Name ID
Yum Brands Incorporated (YUM), a quick service restaurant (QSR) with over 34,000 locations
in over 100 countries and territories, was founded in 1997. KFC, Pizza Hut, Taco Bell, The Habit
Burger Grill, Long John Silvers (LJS), A&W all American Food Restaurants (A&W), and YUM
Restaurants International are the six operating segments of Yum (YRI). YUM, formerly known
as Tricon, comprehends that to maintain a strong position in the market the company needs to
The compatibility of the two organizations involved is at the top of the list. If the interface
between the partners is to be productive, the corporate cultures must be relatively compatible.
The alliance's foundation should be based on information sharing as the primary justification for
its continuing existence. If one of the two aims, more revenue or lower expenses, is followed, the
alliance's links can be unusual and inventive. To be effective, Intercalant's merger with Enviro-
tech must be one of compatibility. Researching both firms to discover where the gaps are, as well
as knowledge transfer from each company to fill up the gaps, in order to make Interclan a top
competitor in its industry. KFC, Pizza Hut, and Taco Bell are the global leaders in the chicken,
Their mission in the restaurant industry is to "create the world's most loved, trusted, and fastest-
growing restaurant brands." Yum's passion is to bring a smile to people's faces all around the
world by pleasing customers every time they eat meals and doing so better than any other
restaurant chain.
BUSINESS LINE
Yum! operates the brands KFC, Pizza Hut, Taco Bell, The Habit Burger Grill, and Wing Street,
with the exception of China, where the brands are operated by a separate firm, Yum China.
Yum! was once the owner of Long John Silver's and A&W Restaurants.
Yum brands have almost 50,000 outlets in over 150 countries and territories, primarily running
the company's restaurant brands – KFC, Pizza Hut, and Taco Bell – which are global leaders in
the chicken, pizza, and Mexican-style cuisine industries. The Company's family of brands also
includes The Habit Burger Grill, a fast-casual restaurant concept specializing in made-to-order
Current Brands:
• KFC
• Pizza Hut
• Taco Bell
• Wing Street
Yum! Brands' swot analysis provides information on the company's core strengths, weaknesses,
opportunities, and threats. Yum! Brands' internal study clearly says that its subsidiaries,
specifically the three critical brands under Yum, KFC, Pizza Hut, and Taco Bell, have developed
a robust global footprint for the parent firm. Yum Brands subsidiary brands serve exceptional
food with competitive prices, which has helped the company establish a loyal customer base.
Due to the high demand and popularity of Yum! Brands cuisine in the Chinese market, Yum!
Decided to create a new corporation, yum China Holdings Inc, which began operating as a Yum!
Yum! Brands' specific qualities include a strong management team, a distinctive and excellent
food style, incomparable recipes, good financial positioning, multi-branding, and a global
presence. Yum also has a competitive advantage over its competitors as a result of these factors.
Quick service, a large variety of diversified food products, and brand loyalty are some of Yum!
Brands' key success elements. One of the company's weaknesses, particularly under the KFC
brand, is the quality issue and varying taste in different stores, mainly due to the supply chain
More franchisees in expanding markets, along with some new meals to tantalize consumers' taste
buds, as well as competitive research and development, create a massive opportunity for Yum!
Brands. McDonald's, KFC, Domino's, and Pizza Hut pose a significant threat to Yum's cash cow.
Strengths:
Focus on emerging markets: Yum! Brands, supported by its KFC and Pizza Hut brands, focus on
expanding regions such as China and India, which gives the company a significant competitive
advantage. With a modest growth rate of 2.5 percent, the fast-food sector in the United States is
nearly saturated, thus capitalizing on the growth potential of these underserved markets has been
a boon for the company. In China, brands even exposed the first-mover advantage. KFC
generates 60% of its volume and profits in emerging nations, whereas Pizza Hut generates 33%
of its importance and profits in emerging regions, demonstrating its significant expansion in
these markets.
Dependable supply chain operations: Yum! Brands has built a strategic and robust supply
chain with a unique, long-lasting, and unrivaled core capability. Yum! Brands collaborate with
restaurant supply chain solutions to provide supply chain services and employ special purchasing
techniques to ensure that minimum quality criteria are met at the best possible price. The
organization also notes stringent supplier controls in place, including a supplier code of conduct
and a broad supplier base to decrease dependency and exploit multiple viewpoints.
Strong decentralized management and localization: Its ambitious expansion strategy has been
made possible by its internal focus on developing robust decentralized control and localization
structure. Yum! has the freedom to modify its menu to the desires of its clients since the local
management has a greater understanding of the market conditions. It also provides agility,
flexibility, and reactivity to this massive corporation. It provides Yum! with a competitive
advantage that is difficult to match. Has managed to decentralize while maintaining the most
China dominance: Yum! Brands have an absolute monopoly on the Chinese food market, with
KFC being a huge hit and generating a lot of revenue due to the popularity of non-vegetarian
food. Yum has chosen to split into two firms, Yum! Brands and Yum China, because it is so
prevalent in China.
Brand equity and umbrella Brand: Yum! The brand is a massive corporation that owns three
of the most prominent fast- food businesses (Pizza Hut, KFC, and Taco Bell). It has a market
capitalization of USD 26 billion. Because of the company's big domination and presence and the
popularity of its brands, it is complicated for any smaller competitor to compete with them. The
organization benefits from this competitive advantage in terms of scalability and expansion.
Weaknesses:
Quality: Quality control was a severe challenge to KFC, at least in India. You can go far and
wide, but McDonald's quality remains consistent. On the other hand, KFC has received
numerous complaints about its inability to produce consistent flavor across multiple locations. Of
are not in the same league. Yum! Brands have to put a greater emphasis on customer service and
better train their franchisees. More crucially, they require ground-breaking measures to elevate
their customer service above and above the usual, ensuring that customers are happy and
Constant supply chain issues: Supply issues are a huge issue in such a large hospitality
industry. When you expand quickly, supply suffers, and the food material may not arrive at far-
flung outlets fresh and wholesome. As a result, there are losses and, in certain situations, client
unhappiness.
Research and Development: Even though Yum! Brands Inc spends more on research and
development than the industry average. It spends far less than select players who have gained a
Diversification in the workforce: Yum! Brands Inc has a predominantly local force with a
small percentage of workers from different racial origins. Lack of diversity makes it difficult for
employees of various racial backgrounds to acclimatize to their new job, resulting in talent loss.
Opportunities:
R & D: Yum! Brands have a big possibility to use their existing financing to create more
adventurous franchises in the market. To do so, they must conduct research and development to
produce new meals regularly and entice customers. After all, that is the secret to conquer the
market.
Emerging Markets: Expansion is the cornerstone to Yum! Brands' continued success, and it
must continue to expand into new areas to continue to thrive. Investing in stores in growing
regions is one of the most acceptable ways to keep expanding. People in emerging markets have
more disposable income and are more willing to try new things. As a result, new franchises in
emerging markets are in high demand. Yum! Brands should always have these as their target
markets.
Better operations: Better operations are a crucial component that can help a company the size
of Yum! Brands increase revenue and profits. Yum should fine-tune their operations as much as
possible and develop new ways to ensure that each franchise delivers on the brand's promise of
quality and security. It will discover pleasant growth on its doorstep if it achieves this.
Internet: The quantity of people using the internet has increased all across the world. This
implies Yum! Brands Inc has the opportunity to develop its online presence by interacting with
E-commerce: The e-commerce industry has seen a new trend and increased sales. As a result, a
large number of consumers are increasingly making purchases online. Yum! Brands Inc can
make money by setting up online stores and selling products through them.
Social Media: The number of people using social media has risen around the world. The three
social media networks that have had the most growth in monthly active users are Facebook,
Twitter, and Instagram. Yum! Brands Inc can utilize social media to advertise its products,
save money, what can automate operations. Technology makes it easier to obtain better data
Skilled workers: The number of skilled workers accessible in the country has expanded due to
increasing education and training by different institutes. This means that if Yum! Brands Inc can
acquire talented workers, and it will have to spend less on training and development, resulting in
cost savings.
Threats:
Competition from the big two: KFC is Yum! Brands' star, but it faces stiff competition from
McDonald's, which holds most of the burger market share. Similarly, Pizza Hut is Yum’s
Health-Conscious Mindset: This affects the whole fast-food sector, and Yum! Brands should be
no exception. Because the United States has a severe obesity problem, public awareness of the
harmful effects of fast food has grown. Fast food intake naturally decreases as a result of this.
Aside from the United States, there are numerous other countries where fast food is frowned
upon. Fast food consumption is deliberately encouraged by doctors and health activists. And this,
Unorganized competition: Yum! Brands face competition from KFC and McDonald's and
various indirect competitors such as Starbucks, other fine dining establishments, and even local
fast-food franchises. As the number of small enterprises increases, they can provide better
services to local customers and even have a more localized taste. As a result, the parent brand is
be lost to competitors, reducing Yum! Brands Inc S overall market share. New technical
breakthroughs by a few competitors within the industry constitute a threat to Yum! Brands Inc.
Suppliers: With the reduction in the number of suppliers, suppliers' bargaining strength has
increased over time. Yum! Brands Inc’s input costs could rise as a result of this.
New entrants: Numerous firms have entered the industry and are increasing market share by
acquiring current enterprises. Yum! Brands Inc is at risk of losing customers as a result of these
new entrants.
Yum Brands is one of the giant American fast-food companies that was listed in Fortune 1000.
Yum Brands operates some sub-brands as KFC, Taco Bell, The Habit Burger Grill, Pizza Hut,
and Wing street all over the world. These brands made the standard quality fast-food position in
their consumer mind. Because the good quality of foods with different tastes make it famous.
Yum Brands have lots of rivals in their fast food business all over the world. Those competitors
made the best challenges for Yum Brands. But Yum Brands maintain their customer through
their beautiful atmosphere and proper hospitality. That’s why most of the customers like to stay
longer than their competitors. On the other hand, many sub-brands of the Yum brand have a huge
influence on social media and make a bridge to their customers. (KFC India, Strategy Review,
It’s an American chain of fast-casual restaurants in the United States, United Kingdom, Canada,
Germany, and France. The motto of Chipotle Mexican Grill is food and integrity. That means the
company is committed to providing foods that are ethically and naturally produced. Chipotle
claims that their serving meat is tastier than what other restaurants serve. One of the major keys
for Chipotle success is a small menu that means Chipotle stocks only the fresh ingredients
because there is a chance for food spoilage. To reduce the waste, it decrees their cost and serves
their menu at a cheaper price. That's why It became one of the biggest rivals of Yum Brands.
Starbucks: It is one kind of international chain of restaurants that provides handcrafted fast
foods, coffee, tea, and fresh food items. Starbucks’s brand acquired in the position of #33 on the
list of top 100 Brands in the world. Starbucks maintains almost 32,660 stores that belong to more
than 83 countries. Starbucks made the position to their customer as a luxury brand with an
affordable price. The attractive atmosphere and extensive menu make it so luxurious. Nowadays,
most customers find these types of restaurants to enjoy a good time with their family. Behind the
success of Starbuck is providing their best quality of coffee with a nice fragrance that attracts
customers all over the world. On the other hand, Starbuck made the 3rd place between work and
home where their customers can enjoy coffee, passing time with relaxation, and experiencing an
innovative environment. Its franchise has commanded substantial brand loyalty, market share,
Chick-fil-A: Chick-fil-A maintains the fast-food restaurant chain which specializes in chicken
sandwiches. It was founded by the Cathy family in 1946. One of the largest American fast food
restaurant chains and a good rival of Yum Brands. This company committed to serving good
quality foods with their exceptional service at a premium price which was greatly complemented
by their operation. Chick-fil-A made a strong position in their consumer mind not for their good
quality product but for providing their best service. It operates more than 2,672 restaurants and
company. Canadian-American multinational fast food holding company. It is one of the largest
operators for fast-food restaurants in the world and gained fifth position. This organization
merged among three giant brands like Burger King, Tim Hortons, Popeyes. For the reason of
providing the best quality with different tastes. The organization committed that they are
providing healthy food for their customers with a quick service. These brands are very famous in
the USA and Canada because they connected themselves with the American and Canadian
cultures. That means when a customer enters their restaurants, the décor and food chain make
them feel the real American culture. Another thing is they charge less price on their food rather
than their competitors. It operates in more than 100 Countries over the world and has $12.5
billion in mergers among Burger King, Tim Hortons, Popeyes to improve their business model
McDonald's: McDonald’s is much more popular in the whole world for its fast food and
McCafe. It was serving over 69 million customers daily in over 100 countries. The main key of
the company is competitive advantages. That means this restaurant company provides nutrition,
convenience, affordability, value-added service, quality, hygiene. Behind the success of this
company is the ability to leverage its key strength that’s why it can overcome its weakness.
McDonald’s made a better business system where the company reduces their cost so that they
can provide their products at a cheaper price to people that allow them to grow and be more
profitable. It became one of the world's largest restaurant chains by earning its revenue. The
revenues of McDonald’s come from their franchisees who provide rent, royalties, and fees. It’s
also one of the major competitors for Yum Brands. (McDonald’s Competitive Strategy, Term
Paper, 2013).
CORPORATE-LEVEL STRATEGY
Yum brand is one of the largest food industries. The company was deciding with the top-level
business owner. Before taking any decision, first, know its implementation. That's ways the
business is local, and people are more enjoyable. The yum brand for different perspectives
acquired other companies, and after that, the company achieved great success. yum! Brands'
second technology investment is now to continue accelerating its digital innovation strategy.
Horizontal integration, which is the Yum brand, had Acquired the Habit burger grill. Both are
at the same level of the value chain as the food industry. The big company can decide to dissolve
the small company and take all its resources and those small company's product under the brand
name of the big company. Yum brand Also Vertical acquisition integration such as Kavantum,
Tictuk technology, Dragon tail. Yum brand the primary purpose of Acquisition those companies
for wealth maximization and different types of the company through the company want to take
Related diversification stands for coming up with different market segments for different
products partnering with other ventures. The entire portfolio can be put under the same umbrella,
meaning the products are the same type, such as Fanta, Sunkist, hot coffee, cold coffee, Coke,
Pepsi. These all drinks have become the same type. Yum brand has followed related
diversification. They have been selling different kinds of food, beverages over the years through
other countries across the globe. Diversification strategy helped the YUM brand enter the new
market segment by adding new food & beverages items. Strategic Alliance between Beyond
Meat and Yum! Brands will build on the companies' growing track record of collaborating to
create delicious and sustainable plant-based products—vegan burger meat for the vegan people
its completely different from other burgers but its tastes real ("Beyond Meat® Announces Global
Strategic Partnership with Yum! Brands to Offer Signature Plant-Based Menu Items | Beyond
Meat, Inc.", 2021). And non-vegetarian and health-conscious people consider making a complete
plan based.
Habit burger grill: Yum brand is specialized over the food items, but the yum brand didn't
specialize in the burger sector. Before Acquisition with the yum brand, it was not a trustworthy
brand for a burger. In the food segment, the competitive advantage in Berger sectors like burger
king and Macdonald. The Acquisition of the yum brand to bait Berger is the only reason to fight
the sale level of other businesses like burger king and Mcdonald's. On top of that, if the Yum
brand was started as a new specialized burger business, it needs a substantial initial cost rather
than an acquisition. So the Yum brand made a good decision for Aquzationto habit grill Burger.
Kavantum: Yum brand plans to acquire the Kvantum brand because this brand is a core
business like Data analytic and marketing optimization and keeps data records in several
Kavantam, through the Yum brand using Artificial intelligence and machine learning
approaches, understands human behavior. Yum brand belief that Kvantum and collier Lab
Tictuk Technology: When Covide-19, most restaurants almost shut down, or some businesses
didn't make enough sales. That time Yum brand applied a corporate strategy. Provide-19, KFC,
Taco Bell, Pizza hut those the restaurant was doing business more challenges, so it's overcome
by Tictuk technology. It brings "Digital innovation" to the ordering and marketing platform; it
uses customer orders like social media or conversation channels. Customers order through SMS,
Chat in Whatsapp, and globally order the customers. Yum! Brands' digital sales reached a new
high of $17 billion in 2020, up 45 percent from the previous year, demonstrating its commitment
to pivoting its business model to win in an off-premise environment and fulfill new consumer
Dragon Tail: Working efficiency is significant for every business, especially when people want
fast services because more people demand high. Yum brand Acquisition of Dragon Tail to
improve working efficiency can be smooth. Dragontail to Yum! Brands' increasing technology
portfolio is intended to give Yum! Brands the ability to scale Dragontail's artificial intelligence
delivery technology and kitchen order management globally. According to Chris Turner, Chief
Financial Officer says, ``Yum, "enhance our delivery technology capabilities, especially
optimize the end-to-end food preparation process at Pizza Hut" (WIRE, 2021).
BUSINESS-LEVEL STRATEGY
Yum brand is an American multinational fast-food chain company with annual revenue of over
5.597 billion USD (FY December 31, 2019) Billion consists of brands like Pizza Hut, KFC, Taco
division, the Taco Bell division, and the Habit burger grill division all over the world. The firm
has a strong international reputation and leads the market in many sectors. The company's brand
value-oriented brand for each of the market sectors in which it competes, and it applies a
premium and price-skimming approach to establish a relationship with its consumers. The
business provides its clients with the highest-quality goods available in the industry, and it
demands premium pricing as a result of its superb quality and standardized offerings all over the
world. The company has been able to maintain its position in the market for the last 3 decades
and has continuously been rated as the leading brand among Fortune 500 businesses as a result of
abiding by this business plan. The business has a group of skilled marketers that can provide
insights into the consumer behavior of various markets and help create a personalized go-to-
market strategy for each one. The business typically establishes franchise locations as well as
corporate-owned and managed locations to guarantee that consumers get high-quality goods.
Because of its excellent supply chain team, it is able to acquire superior raw materials for its
In research from (ICMR, 2007) In the decade before entering China, Pizza Hut and KFC had
already had success in Thailand, making it one of the company's most profitable regions.
However, by the end of the decade, Pizza Hut had established itself in the Thai fast-food
industry, despite the fact that neither pizza nor cheese was very popular at the time of the
company's establishment. In comparison to the United States, the business was successful in
Japan. (Bell & Shelman, 2014) discovered that KFC entered the Chinese market with the help of
local Chinese businesses. The government poultry department joined in the effort. In the early
1980s, KFC began expanding its operations. After the privatization authorized by the Chinese
government, the various industries began competing fiercely. Afterward, they formed an
KFC had to modify its business strategy in the United States, cut expenses, and take a radical
approach in China. They had been formed locally to compete against other local Chinese squads
as well as western-educated teams. In addition, KFC benefited from being the first to market in
the fast-food restaurant industry. KFC has moved away from the dominating approach that has
been used in the United States, one that relies on a restricted menu, cheap prices, and a focus on
takeout. To enhance long-term shareholder value, Yum made an essential choice on the
appropriate corporate structure and capital structure. They also did menu design work that was
customized to suit the local population's tastes. The Chinese activities were given top attention
by the management team. Despite all the challenges, Yum China was able to establish itself in
Consequently, we can see that the Yum brand's business strategy is concentrated on premium
pricing, a highly efficient supply chain, standard product selections, and ultimate control over the
operations of each location. Yum brands have a major target consumer in the urban market, and
their consumers are distributed throughout the world. It offers a diverse selection of goods that
appeal to consumers of a variety of ages and demographics. It has created goods that are
appealing to youngsters while also developing products that are primarily aimed at adults,
according to the company. Furthermore, the business is emphasizing organic vegetables and low-
fat edible oils, as well as attempting to reinvent itself as a health-conscious food producer.
FUNCTIONAL-LEVEL STRATEGY
decision making is called functional level strategy. Functional-level strategies are aimed at
improving the effectiveness of a company’s operations and its ability to attain superior
efficiency, quality, innovation, and customer responsiveness. Yum Brands was formerly known
as Tricon Global Restaurant Inc. and is an American fast-food restaurant. It operates key brands
like KFC, Pizza hut, Burger Grill, Taco Bell, etc. in the global market.
Multi-brand functional strategies: The Yam brand is in charge of a number of different brands.
As a result, they're looking into multi-brand management solutions for their intended global
market. This strategic strategy aids in the management of each brand's effectiveness within the
scopes of their respective aims. Individual brands work on their strategic operational strategy to
ensure that they are compatible with their operational goals and that they achieve the intended
business outcomes.
based strategies for each of its brands in order to develop key strategic functional objectives for
its operations and then work toward attaining those functional objectives. Working out functional
objectives for their brands is a method that helps them choose important strategic functional
objectives that will help the company reach its intended success and growth. These functional
Functional Strategy focuses on Efficiency and Effectiveness: The functional strategies are based
on essential factors such as effectiveness and efficiency in the functional operations. The purpose
of functional strategies is to achieve the required effectiveness and efficiency in their functional
activities in order to improve functional output and produce more income for the company. This
will assist the organization in resource optimization and maximizing the contribution of the
available resources. This will benefit the organization in the long run.
RECOMMENDATIONS
As expected of YUM Brands, they are very good at implementing local and global strategies and
decision-making. It is always hard to find any mistakes from them. Going over the analysis it is
only possible to offer a few recommendations for them which are mostly for future endeavors
As observed, we have seen that YUM Brands has been expanding its market rapidly. From 2014
to 2019, YUM China's average yearly growth in new restaurant openings was 6%. It launched an
average of two new stores each day from 2016 to 2018. Despite the temporary shutdown of 30%
of its locations owing to COVID-19, the business established 179 new outlets in the first quarter
of 2020. When comparing different markets, YUMC sees plenty of space to expand its market
reach, claiming that it has the long-term potential to reach 20,000 restaurants and 1,000
additional cities. This rapid expansion is however causing some adverse effects on the
environment, disrupting their own supply chain system which in turn causing some reputational
crisis. Digital innovation is definitely good, make no mistake about that. But for big companies
such as YUM Brands, every move they make is closely observed by everyone. Therefore, they
should plan their expansion more carefully so that they can reduce any harm to the environment
Just like a big company should have, YUM Brands also have strong marketing teams in all of its
companies.
However, not all of its subsidiaries perform equally well. We have seen that Taco Bell is
exceptionally good at their promotion which has earned them the title “king of innovative
marketing awareness”. Their other brands such as KFC, Pizza Hut are fairly old brands. These
brands are facing new challenges and competing with new and upcoming food brands on a
regular basis. To keep up their game, these brands need to do exceptionally well in their
marketing. YUM Brands should consider using Taco Bell’s marketing team's prowess to boost
the performance of the other brands to keep themselves relevant in this ever-changing dynamic
world of marketing.
Lastly, as mentioned above, new fast food brands are coming up with new varieties of food items
for the new generation. To sustain itself in the market, YUM Brands must adapt to face these
new challenges. They should keep introducing new items occasionally by closely monitoring the
tastes and preferences of people of this generation. They should promote intrapreneurship among
their employees to bring new ideas for new food items. Investing in R&D more can assist this
cause further. This will keep YUM Brands relevant to the young generation of food lovers and
It is considered that people who love food are the best kind of people. Since YUM Brand has the
burden of controlling such a huge aspect of human life, it is expected from them to keep
performing the best to their ability as they have done so far and keep excelling in doing so to
Andrews, K. (1980). The concept of corporate strategy, 2nd edition. Irwin Homewood, IL.
https://www.swotandpestle.com/yum-
Rauch, P. (2007). SWOT analyses and SWOT strategy formulation for forest owner cooperations
https://www.marketing91.com/swot-analysis-of-yum-
Burkitt, Laurie, and Julie Jargon. “China Woes Put Dent in Yum Brand.” The Wall Street
www.wsj.com/articles/SB10001424127887323706704578229362923520102.
en.wikipedia.org/wiki/Yum!_Brands.
Harihar, Apeksha, et al. “Social Media Strategy Review: KFC India.” Social Samosa, 29 May
2014, www.socialsamosa.com/2014/05/social-media-strategy-review-kfc-india/.
Page, Vanessa. “Why Is Chipotle so Successful & Popular? (CMG, MCD).” Investopedia,
chipotle-so-successful-popular.asp.
Duprey, Rich. “Why Is Restaurant Brands International so Far behind the Competition?” The
restaurant-brands-international-so-far-behi/.
www.grin.com/document/269111.
Margalit, Liraz. “Why Is Starbucks so Successful despite Its Mediocre Coffee?” CMSWire.com,
so-successful-despite-its-mediocre-
coffee/#:~:text=It%20is%20so%20successful%20because,and%20experience%20the%20
inviting%20ambience.
<https://www.studymode.com/essays/Yum-Brands-Five-Forces-39719926.html>
Beyond Meat® Announces Global Strategic Partnership with Yum! Brands to Offer Signature
Plant-Based Menu Items | Beyond Meat, Inc.. Beyond Meat, Inc. (2021). Retrieved 16
details/beyond-meatr-announces-global-strategic-partnership-yum-
brands?fbclid=IwAR1BmXd55SDGVi97837_CAGmazf0wDf5BJr-
XF2mveoApgmKblZVncVHZyc
WIRE, B. (2021). Yum! Brands to Acquire Leading Omnichannel Ordering and Marketing
https://www.businesswire.com/news/home/20210324005416/en/Yum%21-Brands-to-
Acquire-Leading-Omnichannel-Ordering-and-Marketing-Platform-
Company?fbclid=IwAR2-kqNDhsz23192S5FvcL0_0kaWUcohTIHNtvE0QfbaIL5rw9-
GHUWWg2A
Bell, D., & Shelman, M. L. (2014, August 1). KFC’s Radical Approach to China. Harvard
https://www.icmrindia.org/casestudies/catalogue/Business%20strategy/BSTR266.htm
ivypanda. (2021, August 2). Entrance and Expansion of KFC in China - 5465 Words | Research
kfc-in-china/
Macrotrends. (n.d.). Yum! Brands Revenue 2006–2021 | YUM. Retrieved September 12, 2021,
from https://www.macrotrends.net/stocks/charts/YUM/yum!-brands/revenue
Simpson, F. (2021). Yum Brands' Recipe For Success: The Story Behind The 2019 Second
https://www.forbes.com/sites/fionasimpson1/2019/08/03/yum-brands-recipe-for-success-
the-story-behind-the-2019-second-quarter-results/?sh=2519b1cfe58
Taco Bell and Starbucks warn about shortages. Restaurant Business. (2021). Retrieved 17
starbucks-warn-about-shortages
Major Deforestation Footprint a Risk for Yum China’s Secondary Listing. Chain Reaction
https://chainreactionresearch.com/report/major-deforestation-footprint-a-risk-for-yum-
chinas-secondary-listing/