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The story of Yum Brands shows that in the global economy, it's not so much what you sell but how you sell it. Ten years ago, Colonel Sanders was losing the global fast-food war to the Golden Arches. PepsiCo had spread its restaurant division too thin, planting capital...

Author: /time Magazine | Title: Kentucky Fried Rice | 1/17/2008 | See Source »

As millions of Chinese find their wealth swelling and their time shrinking, sit-down meals involving several generations no longer fit the needs of a hurried and harried middle class. "The lifestyle is changing," says Su. "People are getting more urbanized and busy, with less time to cook at home...

Author: /time Magazine | Title: Kentucky Fried Rice | 1/17/2008 | See Source »

This time, Novak's idea might be the right one at the right time. The menus at East Dawning restaurants don't offer overtly American fare but still attract Chinese consumers because of the quality and service associated with an American brand. The formula developed by Yum's other banners...

Author: /time Magazine | Title: Kentucky Fried Rice | 1/17/2008 | See Source »

Yum's next "glocalization" trick: exporting Taco Bell, its top brand in the U.S., to Mexico. In late October, a Taco Bell headed for the border and to a Mexican suburb, its grand opening attended by government officials and hordes of press. Diners flocked to the restaurant, located in a...

Author: /time Magazine | Title: Kentucky Fried Rice | 1/17/2008 | See Source »

But it has learned along the way that its model does not always translate. On Match, users post personal profiles and photos, attracting and perusing potential mates in what resembles a colossal bar scene. While many Americans like the freedom and convenience, single women in Japan felt threatened by the...

Author: /time Magazine | Title: We Just Clicked | 1/17/2008 | See Source »

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