Pizza Hut 2007 Annual Report Download - page 10

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We will continue
to be galvanized
around building
what we call the
Yum! Dynasty, with
the result being
one of the world’s
most consistent and
highest performing
companies.
In closing, I want you to know we will continue to be galvanized around buildingwhat
we call the Yum! Dynasty, with the result beingone of the world’smost consistent and
highest performing companies. Our focus on consistency has allowed us to quintuple our
stock price since our 1997 spin-off, making us one of the top performers on the New York
Stock Exchange.
While we can certainly be proud of ourprogress: I’D LIKE US TO CONSIDER THIS AS IF
WE WON THE FIRST SET OF ATENNIS MATCH 6 – 0. ANDI’D LIKE TO CONSIDER
THE STARTOF OUR SECOND DECADE AS THE STARTOFTHE SECOND SET!!!!
Have you ever wondered whyisitthatthe playerwho wins the first set by awide margin
often goes on to lose the second set? When you think about it, I’m sure you’ll agree it’s
for two reasons: the competitor who lost becomes even more determined and changes his
game so he can win the second set; and at the same time, the player who won the first set
becomes somewhat complacent. Well, our competitors are definitely out to raise their game
and the last thing I want is to see ourcompany become complacent. That’sthe absolute
kiss of death.So we need to draw aline in the sand, and adopt asecond set mentality to
win big again in this decade.
If you look on the next page and on the inside of the back cover, you will see the road maps
for our second set.
We’ve laid out our Yum! Dynasty Growth Model and our How We Win Together leadership
principles. Winning big in our second decade means more aggressively taking Customer
Mania, Believing in ALL People and Recognition forward as ourfoundational behaviors. Just
as importantly, we owe it to ourselves and shareholders to drive for breakthrough results with
a significantly higher sense of urgency. New behaviors like “Go for Breakthrough,” “Build
Know How” and “Take the Hill Teamwork” will be cascaded and implemented as job require-
ments andthe way we win together. Weare in the process of teaching a tool kit that will help
ALL our franchisees, and restaurant support and field leaders make these behaviors a part
of theway we attack the business every single day. The expectation is it will have apositive
impact on all ourrestaurants around theworld. Clearly,weall have alot to learn and it will
be ajourney as each of us strives to grow our piece of Yum! to reach our full potential.
Yum to you!
David C. Novak
Chairman and Chief Executive Officer
Winning Big:
Going for
Breakthrough
Our focus on consistency
has allowedus to
quintuple our stock price
since our 1997 spin-off,
making us one of
the top performers on the
New York Stock Exchange.
I’d like to thankour more than 1million dedicated team members, restaurant managers,
franchise partners and outstanding directors who are dedicated to winning big in everything
they do. Never was this more evident than when we launched the world’s largest Hunger
Relief initiative in support of the United Nations World Food Programmeand other hunger
agencies. You’ll see in this Report how our corporate social responsibilityeffort is helping
hundreds of thousands of starving children move from hunger,to hope. We view this as both
a privilege and responsibility. Wewill keep working on this serious global issue until it no
longer is one. Believe me, our people are focused on WINNING BIGaround the globe, from
our business results to our corporate socialresponsibility.Stay tuned. The best is yetto come!