Describe the action Yum! Brands, Inc., took to implement a proactive and radical cultural change.
What will be an ideal response?
The actions that Yum! took to create a new culture were as follows:
(1) Starting with a set of shared values to define a culture across the three brands.
(2) Founding the new company in a way that embodied the new culture.
(3) Using new titles to signal intentions and signify new cultural meanings.
(4) Creating a coaching management system to maximize restaurant performance.
(5) Developing a recognition culture to reinforce the new culture’s values.
(6) Realigning reward systems to validate and “walk the talk” on values.
(7) Measuring the effectiveness and commitment of senior managers to the values.
You might also like to view...
A clothing manufacturer has decided to buy its cotton only from those growers that grow it organically. This is an example of
A. product greening. B. strategic greening. C. quasi-strategic greening. D. global greening. E. tactical greening.
When can an ordinary word such as "window" be granted trademark protection?
A) If the word has acquired a secondary meaning B) If the word has become a generic term C) In any situation if the applicant is the first to apply for trademark protection of that word D) If the applicant has used the word in the name of its product for at least 10 years E) If the applicant can prove that the use of the word is novel
On January 2, 2017, Mahoney Sales issues $10,000 in bonds for $9,400
The bonds are five-year bonds with a stated rate of 4% and pay semiannual interest on June 30 and December 31. Mahoney Sales uses the straight-line method to amortize bond discount. Prepare the journal entry for the first interest payment on June 30, 2017. What will be an ideal response
We are interested in conducting a study to determine the percentage of voters of a state would vote for the incumbent governor. What is the minimum sample size needed to estimate the population proportion with a margin of error of .05 or less at 95% confidence?
a. 200. b. 100. c. 58. d. 385.