Ruth's Chris

In: Business and Management

Submitted By agentchick
Words 281
Pages 2
Dan Hannah, Vice-President of business development for Ruth’s Chris, developed a criteria of metrics that were critical for Ruth’s Chris success in order to narrow down potential markets for the future global expansion of the company. The four variables he identified were: 1) Beef Consumption Per Capita (kg), since the majority of their customers were beef eaters 2) Population 3) Urbanization Rate, as restaurants needed to be in a densely populated area 4) Per Capita GDP (PPP in US$), an average meal would cost an average of $70 USD. These variables were weighed to determine which country would be most favorable as a new market. The methodology behind this
Perhaps a great indicator of success in another country would be their economic state and ease of doing business. The World Bank issues an ease of doing business index which ranks economies from 1 to 183, with first place being the best. A high ranking (a low numerical rank) indicates that the regulatory environment is conducive to business operation. The index strongly favors Singapore as the strongest
The second variable included in this analysis is the Population below Poverty Line Percentage. This variable could be useful to determine whether the residents of each country have the means to go out to dinner at an upscale steakhouse. The data is taken from the CIA World Factbook and are national estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor…...

Similar Documents

Chris Herren

...High Hoops February 26, 2013 Chris Herren a former college basketball standout turned NBA bust, had one thing holding him back throughout his basketball career, drug abuse. The story of his life has many twists and turns all of which he portrays in his inspirational speeches. He is not on any of the top 100 lists of great American orators because his speeches are not directed towards the masses instead he reaches out to high school students in hopes that they will not make the same mistakes he did. Chris Herren grew up in Fall River MA, a relatively small town outside of Boston. He attended Durfee High School from 1990-1994. It is here that his life began to spiral out of control. As a freshman, it was evident that his talents on the court surpassed that of all of his predecessors. But, his decisions off the court ultimately lead to his fall from grace. In his book he notes that during his high school years drinking, drugs, and fighting came before basketball. Despite this, he still managed to have the greatest high school basketball career Durfee High had ever witnessed. As word spread of his talents, the Burdon of the city fell on his back. He describes Fall River in one powerful sentence. “Fall River, it teaches you from a very young age, to fight, to punch first, to be loyal, to never let any friend be left behind, and it gets a bad rap for that.” Following his standout freshman year, the best College basketball teams began......

Words: 2415 - Pages: 10

Ruth's Chris

...restaurants in their territory. Moving forward by the mode of ‘market development’ was risky. It is difficult to determine where to expand next, thus making it a challenge. Why is it difficult to determine where to expand next? Because the Ruth’s became the largest fine dining steak house in the US. Expanding the company’s foot prints opens the door for competition to follow. Ruth’s has a reputation for customer satisfaction and fine dining and it needs maintain that level of integrity without losing the company vision. This same reputation needs to continue wherever Ruth’s expands. Why does the company have a good reputation for fine dining? Because the restaurant only serves USDA prime beef and premium quality fish, poultry, and seafood. Why would the grade of meat affect the difficulty in expansion? Because the target countries need to allow the importation of USDA Prime Beef, some target countries currently do not allow importation. Ruth’s Chris potential customers need to be beef consumers. Why is the grade of beef important and why does it bring a challenge to the expansion? Because the quality of beef among other success factors, are what keeps the companies customers returning for that fine dining experience Ruth’s Chris offers. It brings a challenge to the expansion because potential customers need to have disposable income in order to afford the average meal of $70 USD....

Words: 284 - Pages: 2

Chris Hedges

...In American Fascists, Chris Hedges, a journalist and author of the National Book Award of War Is a Force That Gives Us Meaning, challenges the Christian Right’s origins. He also argues that it is a mass movement fueled by uncontrolled nationalism. Hedges believes that American face an threat which Christian try to turn the United States into a Christian nation. At the begging of the chapter one, Hedges said that he was grown up in the family which believes in God. He went to church and prayed and sang hymns every Sunday with his family. And he also went to Bible school. Then Hedges starts argue the Bible is not the word from God. He said, “The Bible was not the literal word of God. It was not a self-help manual that could predict the future. It did not tell us how to vote or allow us to divide the world into us and them, the righteous and the damned, the infidels and the blessed. It was a book written by a series of ancient writers…” (p 2) This paragraph shows Hedges does not believe the Bible as guideline from God. He sees the Bible as a book written by numerous of writers. In the chapter two of American Fascists, Hedges talked about the culture of despair. He gave examples about how people react when they face problems such as economic regression. The result is they all ask for God’s help even some of them not even Christian. Hedges believes Christian against people who do not believe Christianity when he talked about how Christian sees abortion and gay married as...

Words: 466 - Pages: 2

Chris Meyer

...Wrongful Beneficence: Exploitation and Third World Sweatshops Chris Meyers Much of the merchandise produced by U.S. companies and sold to U.S. consumers is manufactured by workers in third world countries who earn as little as 12 cents per hour drudging away in harsh and even dangerous work environments. Such workplaces are referred to as sweatshops and are especially common in the apparel and shoe industries and in toy making. Many critics object to sweatshops on the grounds that they harm the workers or violate basic human rights. These moral objections are aimed at certain sweatshop practices such as coercion, unsafe working conditions, deception, paying workers less than promised, etc. These practices are not seriously defended by many people, if any. But the “sweatshop” label can still apply to jobs that do not involve any of these more obvious moral atrocities. A difficult job with long hours that pays very little may still be referred to as a sweatshop job and, I will argue, may still be morally objectionable. The question I want to consider is whether it is morally justifiable to pay the very low sweatshop wages for the very arduous sweatshop labor even if there is no coercion, deception, or direct causing of harm. Some defenders of capitalism and supporters of free-market economics have defended sweatshop wages on the grounds that they benefit the desperately poor workers of these impoverished countries who are very glad to get the work. In an important and widely......

Words: 8232 - Pages: 33

Ruth's Chris

...| Ruth's Chris Steak House | Case Analysis | | Ruth's Chris Steak House is the largest upscale steak house company in the world, with over 130 restaurant locations around the globe. Founded in New Orleans, Louisiana USA by Ruth Fertel in 1965, Ruth's Chris specializes in USDA Prime grade steaks served in Ruth's Chris signature fashion ... "sizzling." In regards to the market variables and their order of importance, I would rank them accordingly: 1. Legal/Ease of import of U.S. beef 2. Population/high urbanization rates 3. Beef eaters 4. High disposable income 5. Eating out habits 6. Affinity for U.S. brands However, some variables are given higher priorities over others when that may be unnecessary. I would re-order the market selection criteria with the most important variable being ease of import, then beef eaters, affinity for U.S. brands (if there is data), high disposable income, population/urbanization and lastly, customer dining habits. If Ruth’s Chris is unwilling to order beef from any other location, then the ease of imports should be the most important variable to consider when analyzing expansion. This variable is easy to measure and quickly eliminates countries that have trade restrictions on U.S. beef. While Hannah mentions that Australian beef could act as a sufficient substitute, the company would be compromising its value proposition and brand by importing Australian beef. Once those prospects have been eliminated, the......

Words: 715 - Pages: 3

Chris Pittman

...Chris Raub Professor Okine Constitutional Law 4/29/14 Christopher Pittman was 12 years old when he fatally shot both of his grandparents, just before setting fire to their house. He was intoxicated with antidepressants. After running away one night, state troopers picked him up and took him to an institutional facility for troubled kids. Whilst there, he was first prescribed Paxil for mild depression. When taken out of the facility by family members, he was taken to his grandparents, in the hope that the new atmosphere would help him. He was immediately taken off of Paxil by a new doctor, without a weaning process, and was prescribed Zoloft. Chris began to complain about side effects, including a burning sensation under his skin and difficulty sleeping. Instead of removing the new medication, the doctor doubled his dosage. Five days later, Chris committed the double murder. The doctor was never charged for malpractice, or his involvement in the murders. Instead, Chris was arrested, imprisoned for three years prior to his trial, tried in an adult court at age 15, found guilty of murder, and sentenced to 30 years imprisonment. His right to a speedy trial, as guaranteed by the Sixth Amendment, was ignored. No reasonable person would consider holding a 12-year-old for three years awaiting trial as constitutional. For that reason alone, the court should have let Chris go, and in less corrupt times, it would have. However, it was much easier for prosecutors to......

Words: 544 - Pages: 3

Chris Mccandless

...Obituary writing: Creative writing assignment Chris (Alex) McCandless passed away possibly on august 18, 1992. His body was discovered on September 6, 1992, in Alaska. He was only a few months away from his 25th birthday. Survived by his mother, Billie McCandless, his father, Walt McCandless and his younger sister,Carine McCandless. Billie is Chris's mother and Walt's second wife, who works with Walt on various business ventures involving his radar systems. Walt McCandless is Chris's father is a NASA scientist and entrepreneur who develops advanced radar systems. Married twice, he has a total of eight children. Carine is Chris’s sister, whom he was extremely close with. Chris was an intelligent, idealistic young man who believed that life was best lived alone, in nature. Chris came from a nice family, he was raised in the comfortable upper-middle-class environs of Annandale, Virginia. He was a high achiever in almost everything. Even though he thought it was pointless to go to university Chris graduated from Emory University, with honours. Chris is an intense person; he was small but strong for his height. He tried many sports but had little patience for learning the finer points of any of them. Chris had so much natural talent; he was really fast and had a lot of power. He was one of the top distance runners in the region, in his teens. Chris was captain of the cross country team. He was a very generous man. Although his personality was puzzled and his emotions were......

Words: 432 - Pages: 2

Chris Mccandles

...The author of the book, Jon Krakauer, has insisted since the writing of the book, that Chris McCandless did not simply die from starvation as the coroner’s findings indicated, but that he was the unfortunate victim of poisoning. It is not clear on what he bases that instance, but it has certainly made for a better story than him dying because he didn’t bring enough food. Over the years Jon Krakauer has put forward several theories for this poisoning, each being scientifically disproven. Recently he published an article in the New Yorker, giving his theory yet another try. You can read the article here. When I read the article myself, it raised a number of questions for me. Krakauer’s conclusions, as conclusive as they were, seemed based on almost no evidence, and the rest of the evidence outright contradicted his conclusions. As a summary, Krakauer believes McCandless was poisoned from eating the seeds of wild potato. He bases that on a note in the journal of Chris McCandless, stating that on day 94 he ate potato seeds, and he was too weak to walk as a result. He combines this note with research done by the Nazis in a concentration camp during WWII, showing that prolonged consumption of such potato seeds over a period of a few months can lead to a debilitating crippling, making it difficult and then eventually impossible for people to use their legs. Krakauer’s conclusions struck me as odd for several reasons. For starters, there is no mention of prolonged......

Words: 368 - Pages: 2

Ruth Chris

...July 18, 2011 Case Study – Ruth’s Chris – The High Stakes of International Expansion Analysis 1. What did Hannah do to make a first cut in the list of potential countries? Hannah to make sure that customers were beef eaters. Ruth’s Chris was a steak house and its primary customers were people who enjoy beef. With the target customer being a well-to-do beef-eater, restaurants, needed to be in densely populated areas to have a large enough pool. Most large centers would probably meet this requirement. Which variables seemed more important in his decision making? The most important variable in the decision-making process was to make sure that his target customers were well-to-do beef-eaters. Which unused variables might have been useful? Unused variables that might have been helpful would have been the countries that allowed the importation of U.S. beef. 2. What would be your choice for the top five opportunities? My top five opportunities would be: Bahamas, France, Hungary, Ireland, and Spain. The top 10? My top 10 opportunities would be: Bahamas, France, Hungary, Ireland, Spain, Netherlands, Portugal, Germany, Israel, and Belgium. How did you reach your conclusion and why? My conclusion was based on the analysis of the beef consumption and population of the particular countries that are listed in Exhibit 4. With the target customer being a well-to-do beef-eater, restaurants needed to be in densely populated areas to have a large enough pool...

Words: 451 - Pages: 2

Case Study Synopsis: Ruth’s Chris – the High Stakes of International Expansion

...  Case Study Synopsis: Ruth’s Chris – The High Stakes of International Expansion   Defining the Issues    company completed a milestone completing a successful IPO that raised more than $154M USD  in new equity capital  in its 2005 annual report, the company committed to an accelerated development plan through  company owned and franchised locations.    current stores were seeing consistent incremental revenue growth, but accelerated  development will require entry into the international market  shareholders will expect to see share prices increase (i.e., to maximise profit)    The Basic Issue    company wants to increase revenue through expansion (“growth”)     Analysing Case Data (Cause & Effect)    barrier to international expansion may be RCR’s strict franchise criteria:  liquid net worth of $1M  USD, verifiable experience within the hospitality industry, desire and ability to develop multiple  locations; $100K USD per restaurant franchise fee + 5% gross sales royalty fee + 2% gross sales  fee.    senior management committed to the market development model, but not all senior  management  committed to international expansion  market selection criteria presents some potential barriers to international growth (insistence on  US Beef)  insufficient international market data (no data on how often people ate in restaurants, or their  affinity toward US brands).  some countries will not have an affinity for US brands.      Generating Alternatives   ......

Words: 629 - Pages: 3

Ruth Chris Steak

...Ruths’ Chris Steak House is one of the most luxurious restaurant in the USA that specializes in the production of very good steaks. It is a renowned brand in the usa known for quality steaks with exceptional quality customers service. Ruth Fertel started the restaurant in New Or leans , LA back in 1965.Due to its successful operations , the company decided to go public by inviting the public to invest into the business with an IPO offering in 2005 that generated over $154million in new equity capital. The inflows of such magnitude placed the burden of performance on the management to generate enough returns for the stakeholders to justify their stakes in the business. The executive president (Business Development), in person of Dan Hannah recommend the idea of establishing presence across the frontiers by selecting some prime target countries via new franchises, the countries that attracted the management interest are Canada, Japan, Belgium, and the United kingdom as their capita beef consumption, populations, urbanization rates and affinity with USA are in agreement with management corporate strategy. The company has economies of scale like technical know –how, support mechanism , expertise in the business of steaks being deployed towards the franchise management , the probability of the franchise and the expansion decisions going down the drain is almost nil. Key Assumptions: The management is looking forward to revenue and company through establishing presence in......

Words: 367 - Pages: 2

Ruth’s Chris: the High Stakes of International Expansion

...his decision-making? Which unused variables might have been useful? Hannah created a criterion that included the factors that played an important role in Ruth’s Chris success and used that to narrow down the potential new markets. These factors were beef-eaters (i.e. the market has their primary customers as beef eaters), legal to import U.S. beef (Ruth’s Chris only used USDA Prime beef therefore it had to be exportable to the new country), Population/high urbanization rates (restaurants needed to be in densely populated areas), high disposable income (fine dining restaurant with an average cost over $70), trend among people to eat out (more the people go out to eat, more are the odds they will come to this restaurant), and affinity for U.S. brands (overtly anti-US countries would not accept Ruth’s Chris and eat there). Ruth’s Chris target market should definitely consist of densely populated markets where a large percentage of the population eats steak. When identifying a new potential market, the company makes sure there is a large enough population to expand the business by opening multiple stores. After identifying whether the per capita consumption is high enough to support a steakhouse, they need to ensure the population can afford to dine in the high end establishment. If the market passes these tests, Ruth’s Chris will have a potentially good location and can build a restaurant. The factors discussed above are worth considering every time before entering a......

Words: 1379 - Pages: 6

Ruth Chris Analysis

...Assignment: Ruth’s Chris Analysis Class: Business in the global environment Professor: Dr. Greg Turkanik For the study of this case, we were given a number of variables that the management team had consider before making the decision to expand its business internationally. But not all the variable have the same impact before making the final decision, this is the order that I consider to be more important for the analysis of the case: * Beef-eaters: This category should be the most relevant one since, Rut’s Chris is a stake house, even though there are some fish items on the menu, the primary customers of this fine restaurant are beef-eaters. Expanding into a country that does not consume beef would be a huge mistake. * Legal to import U.S beef: Ruth’s Chris is very proud in the fact that they only serve USDA prime beef, and its customers know it, and they are willing to pay a little bit more for the high quality of the meet. If Ruth’s Chris did not have this criteria as one of the most important ones, they would be going against their culture and values, and this would hurt their image internationally and nationally. * Affinity for U.S brands: The name Ruth’s Chris, is easily associated with an American brand, and there are some countries that will not seen with good eyes the expansion of an American brand into their markets. Ruth’s Chris would have a very hard time getting customers into its restaurants just because customers do not like American......

Words: 580 - Pages: 3

Chris Young

...CHRIS YOUNG LYRICS | Send "Think Of You" Ringtone to your Mobile | | "Think Of You" (with Cassadee Pope) [Verse 1 - Chris Young:] I walk in on Friday nights Same old bar, same burned out lights Same people and all the same faces So why in the hell does it feel like a different place? [Verse 2 - Cassadee Pope:] Meet my friends for a girls' night out Seems there ain't much to talk about Same drinks that we're all raising But all of the toasts just don't feel the same [Chorus - Both:] We used to be the life of the party We used to be the ones that they wished they were But now it's like they don't know how to act Maybe they're like me and they want us back It's like there's always an empty space Those memories that nobody can erase Of how bright we burned Well now it hurts, but it's true When they think of me, they think of you [Verse 3 - Chris Young & Both:] They keep asking how I am But they're really asking where you've been I can read between all of the lines It ain't just us missing all of the times [Chorus - Both:] We were the life of the party We used to be the ones that they wished they were But now it's like they don't know how to act Maybe they're like me and they want us back It's like there's always an empty space Those memories that nobody can erase Of how bright we burned Well now it hurts, but it's true When they think of me, they think of you [Bridge - Chris Young & Cassadee Pope:] Ain't it funny how......

Words: 402 - Pages: 2

Chris Bio

...1 Christina Holland To Eat or Not to Eat PSY/240 Chantell Hines June 28, 2012 2 Good afternoon. My name is Christina Holland, you can call me Chris. Today’s session will explain to you all some physiological factors that cause people to ea or not eat. We will also discuss some myths about hunger and satiety. Please feel free to ask questions about anything during and after our discussion. I would like to begin by covering what a few of the physiological factors are that can cause people to eat or not eat and then move on to specific eating disorders and some of the biopsychological views on them. It is important to understand the concept of hunger and fullness from physiological research and what it has shown us. Let us begin with things that have been discovered to be untrue. A common belief is that our blood glucose levels affect our hunger and satiety. However, research has shown that this is untrue; glucose levels remain fairly stable and do not fluctuate often. You may be wondering what glucose has to do with hunger. The belief was that when our energy levels dropped so would our blood glucose, this would then trigger our hunger; we would then eat restoring our levels back up to a certain energy level. If this were true then people would maintain a relatively stable amount of weight because we would......

Words: 1114 - Pages: 5

Orgueil et prejuges 1995 | Last post | AUDIOBOOK