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The EntreLeadership Podcast

How Recognition Drives Team Success with David Novak

The EntreLeadership Podcast

Ramsey Network

Entrepreneurship, Business, Management

4.74.1K Ratings

🗓️ 18 July 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Join us as our host, George Kamel, talks to David Novak. David is a co-founder and former chairman and CEO of Yum Brands Inc., a Fortune 500 company that owns KFC, Pizza Hut and Taco Bell. David talks about his passion for purposeful team recognition and why it is a must-have leadership skill if you want to see results in your business. We also talk about Crystal Pepsi and Cool Ranch Doritos—and that alone is worth the listen! Later in the episode, George chats with Jason Williams, the vice president of EntreLeadership. Jason shares how you can create a culture of recognition and gives some simple ways to encourage your team to recognize each other. You’ll learn: • The story behind Crystal Pepsi and Cool Ranch Doritos • The real reason people leave companies • The must-have leadership skills that drive results • How to fuel your team’s success Support our sponsors: • Hite Digital: https://bit.ly/HiteDigital • Kyro Digital: https://bit.ly/KyroDigital • NetSuite: https://bit.ly/NetSuiteEntre • Trainual: https://bit.ly/TrainualEntre Links mentioned in this episode: • The EntreLeadership Podcast: https://bit.ly/TheEntreLeadershipPodcast • David Novak’s website: https://bit.ly/3ADtxZd • How Leaders Lead with David Novak: https://apple.co/3v2JViD • Take Charge of You by David Novak and Jason Goldsmith: https://amzn.to/3PeKKfE • O Great One! by David Novak and Christa Bourg: https://amzn.to/3RpboV2 • Our recent episode with Marcus Buckingham: https://apple.co/3yWVrhL • Download 43 Easy Ways to Recognize Your Team: https://bit.ly/3HDajDh Learn more about EntreLeadership Events: • EntreLeadership Master Series: https://bit.ly/EntreLeadershipMasterSeries • EntreLeadership Summit: https://bit.ly/EntreLeadershipSummit Learn more about EntreLeadership Coaching: • Elite: https://bit.ly/3tI2fN8 • Advisory Groups: https://bit.ly/EntreLeadershipAdvisoryGroups • Executive Coaching: https://bit.ly/EntreLeadershipExecutiveCoaching • Workshops: https://bit.ly/EntreLeadershipWorkshops Listen to all the Ramsey Network podcasts anytime, anywhere in our app. Download the Ramsey Network app: https://apple.co/3eN8jNq

Transcript

Click on a timestamp to play from that location

0:00.0

Today's episode is all about the power of recognition.

0:08.0

We're going to talk about how it drives team performance and then how to create a culture

0:12.7

of recognition on your team.

0:17.6

From the Ramsey Network, I'm George Campbell and this is the Entrez Leadership Podcast,

0:21.7

where we help business leaders like you grow themselves, their teams and their profits.

0:26.4

Join me today is David Novak, co-founder and former chairman and CEO of Fortune 500 Company,

0:32.4

Yum Brands, which includes KFC, Pizza Hut and Taco Bell.

0:37.1

David made Harvard Business Reviews list of 100 best performing CEOs in the world.

0:42.8

And today he's going to share why purposeful recognition is a must-have leadership skill

0:46.9

and how recognition leads to results for your business.

0:50.2

We also talk about Crystal Pepsi and Cool Ranch Doritos and that alone is worth the listen.

0:55.2

So let's get to it. Here's our conversation.

0:58.8

Well, David, it's so great to have you back on the podcast. How are you?

1:02.8

I'm great, George. Thanks for having me. I appreciate it.

1:05.6

It's been a few years. We've been through some things as a society. So how are you doing?

1:10.4

I'm doing fine. In fact, by wife and I just recovered from COVID a couple of weeks ago,

1:17.6

but we're doing well. I mean, we've weathered the storm and tried to stay positive

1:22.8

just like everybody else. Good to hear. I told my wife I was interviewing

1:27.4

the inventor of Cool Ranch Doritos and she was finally impressed with me for the first time.

1:31.6

So we've got to talk about this. Now Cool Ranch Doritos still around.

1:34.9

You're also known for the invention of Crystal Pepsi, which I just saw some news articles.

1:39.9

Earlier this year, they're bringing it back through a limited run with a social media competition.

...

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