Assignment Essay

395 Words2 Pages
Introduction Ruth’s Chris Steak House was a international business based on their famous steak. Dan Hannah is business development from 2004. His major responsibility is to develop new business around the globe. The company used growth of franchise and company-operated restaurants. In the following four parts, it will be answered by difference questions to analysis the case of Ruth’s Chris’ international expansion strategies. 1. What did Hannah do to make a first cut in the first of potential countries? How did he get from 200 to less than 35 potential new markets? Which variables seemed more important in his decision-making? Which unused variables might have been useful? 10M 2. Hannah was focused on franchising as the mode of entry. Do you believe it is the best mode of entry for the firm? Why? 15M 3. Conduct a detailed S.W.O.T. analysis for the firm. Based on the S.W.O.T. analysis, identify, with justifications, the international markets that have the best potential. 10M S.W.O.T SWOT stands for strengths, weaknesses, opportunities and threats. Based on organization’s mission and target, strengths and weaknesses are for the internal analysis and opportunities and threats are analysis for the external environment (Davidson, 2006). Strengths Weaknesses Opportunities In the international market, Hannah considered with four models: product development, diversification, penetration and market development. For the products, in the new restaurants develop new products in existing market. In the new markets, diversification exists in new restaurants and market development in some of the same restaurants. Penetration stands for more of the same restaurants in the same market (Allen & Ilan). Based on the difference market conditions, Hannah separate opportunities in the world to adjust Ruth’s Chris business. In that way, it will
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