Yum! Brands, University of Louisville Launch ‘Accelerating Growth’ Executive Education Programs to Train Next Generation of Senior Franchise Leaders
13 Février 2024 - 1:30PM
Business Wire
New education tracks will address unmet need of
training professionals for senior management opportunities in
franchise businesses
Yum! Brands, Inc. (NYSE: YUM) and the University of Louisville
today announced the launch of new “Accelerating Growth” executive
education programs at the Yum! Center for Global Franchise
Excellence. The new programs will focus on equipping operations
leaders to take on senior management roles in franchise
organizations, an area identified as a key opportunity by
franchisees and leadership at the Yum! Center for Global Franchise
Excellence, which has been providing education for aspiring
entrepreneurs through the UofL College of Business since 2021.
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As part of its $100 million global Unlocking Opportunity
Initiative, Yum! Brands is providing more than $800,000 in funding
to launch the “Accelerating Growth” programs, which is in addition
to the $3.5 million commitment the company made to launch the Yum!
Center for Global Franchise Excellence in 2021. The goal of Yum!
Brands’ Unlocking Opportunity Initiative is to create opportunities
for education and entrepreneurship for employees, frontline
restaurant teams and communities around the world.
The two new “Accelerating Growth” education tracks will launch
in the summer and fall 2024 semester and will focus on training
attendees to upskill their franchising education.
“Yum! Brands is passionate about the franchise business model,
and capable franchise leaders are the lifeblood of every successful
franchise system. As the franchisor of choice for the industry, we
are thrilled to partner with the University of Louisville and
address a need of the industry – training a new generation of
leaders to take on senior management roles in franchise
businesses,” said Wanda Williams, Head, Global Franchising, Yum!
Brands. “Since its launch in 2021 as part of our Unlocking
Opportunity Initiative, the Yum! Center for Global Franchise
Excellence has helped prepare hundreds of students for successful
careers and business ownership opportunities by building knowledge
about the franchising industry.”
Two new education tracks will be offered as part of the
“Accelerating Growth” program, which will develop the skills
necessary to run and grow a large franchise business: a six-month
Level 1 program designed to train General Managers and Area Coaches
for a Vice President role, and an advanced one-year program
customized to prepare Vice Presidents for a role as President of a
franchise organization. Both programs include online and
experiential education, and the advanced program also includes a
final simulation and development of a business plan.
“The ‘Accelerating Growth’ program is an exceptional addition to
the multilevel franchise education offered by our center at the
University of Louisville and is yet another way we can create
opportunities for professionals across the franchising industry. We
are incredibly grateful for Yum!’s continued support for the center
and this opportunity to expand the center’s programs,” said
Kathleen Gosser, Director of the Yum! Center for Global Franchise
Excellence and Assistant Professor in the UofL College of
Business.
Since the launch of the Yum! Center for Global Franchise
Excellence at the University of Louisville, total enrollment has
exceeded 900 students – 423 undergrad, 50 graduate-level and 500
executive education enrollees.
In addition, The Center launched the annual Yum! Franchise
Accelerator Fellowship in 2022, a collaborative effort between the
University of Louisville, Howard University and Yum! Brands, which
offers a unique opportunity for four MBA students from the two
universities. Participants in the annual program are granted
$10,000 scholarships and receive personalized training and
mentorship from industry experts during an immersive educational
journey centered around the franchise business model. Each
accelerator program culminates in a pitch competition featuring a
$10,000 cash prize, while establishing winners as top candidates
for promising franchising careers. The Yum! Franchise Accelerator
Fellowship is open to all eligible students regardless of race,
color, national origin, sex, disability, or age.
About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, and its
subsidiaries franchise or operate a system of over 58,000
restaurants in more than 155 countries and territories under the
company’s concepts – KFC, Taco Bell, Pizza Hut and the Habit Burger
Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global
leaders of the chicken, Mexican-style food, and pizza categories,
respectively. The Habit Burger Grill is a fast casual restaurant
concept specializing in made-to-order chargrilled burgers,
sandwiches and more. In 2024, Yum! was named to the Dow Jones
Sustainability Index North America for the eighth consecutive year,
and the company was recognized among TIME Magazine’s list of Best
Companies for Future Leaders and Newsweek’s list of America’s Most
Responsible Companies. Yum! also received widespread recognition in
2023, including being listed on the Bloomberg Gender-Equality
Index; Forbes’ list of America’s Best Employers for Diversity; and
Newsweek’s list of America’s Greenest Companies. In addition, KFC,
Taco Bell and Pizza Hut brands were ranked in the top five of
Entrepreneur’s Top Global Franchises Ranking for 2023.
About the University of Louisville
Founded in 1798 as one of the nation’s first city-owned, public
universities, the University of Louisville (UofL) is a vital
ecosystem that creates thriving futures for students, our community
and society. As one of only 79 universities in the United States to
earn recognition by the Carnegie Foundation as both a Research 1
and a Community Engaged university, we impact lives in areas of
student success and research and innovation, while our dynamic
connection with our local and global communities provides
unparalleled opportunities for students and citizens both. The
university serves as an engine that powers Metro Louisville and the
commonwealth and as a classroom for UofL’s more than 23,000
students, who benefit from partnerships with top employers and a
wide range of community service opportunities.
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version on businesswire.com: https://www.businesswire.com/news/home/20240213175635/en/
Members of the media are invited to contact: Rick
Maynard, Public Relations, Yum! Brands, at 502/874-8200 Amanda
Carroll, Public Relations, University of Louisville, at
502/758-2000
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