Ruth’s Chris: the High Stakes of International Expansion Essay

Briefly explain why each of these five countries might or might not be a viable option for a new American business venture.

The geographic market with the largest population will result in the largest demand for your products.

Japan was also one of the countries with highest population, at 127 millions, and a higher than average urbanization rate, at 65%. Although Japan was not ranked very high in beef consumption per capita, its population and high income per capita would make up the difference because a small percentage of this population could still provide a significant pool of customers. Based on the quantitative criteria, Japan appeared to be the most attractive foreign market for Ruth’s Chris to enter. As a side note, Ruth’s Chris already has franchises in Taiwan and Hong Kong, and it would also make logistical sense to consider an expansion to Japan since there is already a products support network in place. Politically, Japan is a pro-U.S. country, and with both countries enjoying relatively free trading atmosphere, it appeared to be a perfect match. Culturally, Japan’s business and marketing meetings are typically conducted over dinner, and fine dining restaurants such as Ruth’s Chris would fit this scenario very well indeed.

The United Kingdom is a developed country which is located in the most western part of Europe on an island to the east of Ireland. This country is developed because of it’s economy, population, and amount of modern conveniences.

In my foreseen for the cultural issues that may lead to ethical concerns for Ruth’s Chris, the religion, political and economic philosophies and social structure of Franch will determine the culture that impact the people’s values and norms in French. First, France are more dainty for food and eating atomosphere, specially for high income level people who are the potential customers for Ruth’s Chris. They concern about the food quality and safty more than others. So the one ethical problem may happened to Ruth’s Chris will be the food safty and quanlity problem. Ruth’ Chris is a steakhouse and their beef all import from US or Austrilian. They want to guarantee the quality of beef and keep their oranginal taste of Ruth’s steak.

If you are an entrepreneur, then Chile is a country that you may want to consider living in. Chile is paying $50,000 to people who want to move their start-up company to Chile. In order to qualify for this compensation, one must have a business that has the potential to be globally successful. You will also get business contractors and one-year work

It is also easy for many other companies to set up headquarter in Singapore as their starting point in Asia to make it possible to reach to its market point. In addition, Singapore is unique in different lifestyles and culture. It is also known for its capability of attracting sizable foreign investment, pro-business environment and entrepreneurs. Singapore focuses more on a knowledge based economy which can be seen in its education sysem. Furthermore, Singapore is located in the heart of Asia and it plays an important role in international

For overseas visitors, United Kingdom is a popular destination. This is because the UK has cultural and heritage attractions that appeals to the overseas visitors. Overseas visitor attractions have to be aware of the overseas markets that are 67%, as they have to make sure that their marketing activities are attracting the overseas visitors.

The United Kingdom is located in Western Europe and includes England, Scotland, Wales, and Northern Ireland. It is a group of islands bordered by the Atlantic Ocean to the west and the North Sea to the east. The United Kingdom has one of the most advanced infrastructures and military’s in the world, and with one of the longest continuous monarchies, the power of the throne is slowly dwindling.

Singapore has a highly developed market which has historically revolved around extensive exports trade, in other words an export driven economy hugely dependant on export of goods to other countries.

There is a combination of business practices and features that made Outback Steakhouse (OBS) successful in the US market:

Britain integrates itself with its European counterparts through the EU. Though roughly 28 countries have compromised the EU, Britain, Germany, and France are some of the most influential countries within the Union. These incredible countries, or powers, have some of the highest gross domestic productions (GDPs) in comparison to other countries within the EU. Britain’s GDP ranks third at over $2.8

The United Kingdom, the gem of Europe, has offered more to the world than just a stable government model. It has proven to be successful economically and a professional when it comes to Foreign affairs. The United Kingdom is triple generator powerhouse consisting the best of the best from England, Wales, and Scotland. The United Kingdom is not only a revolutionary when it comes to the economy, but also in music, literature and sports.

The United Kingdom includes England, Scotland, Northern Ireland and Wales. The formal name of the UK is the United Kingdom of Great Britain and Northern Ireland. The capital seat of the UK is London, with a population of 10 million people. The foreign exchange rate comparing the UK to the USA is; 1 Britain pound for each 1.33 USA dollar. The government of the United Kingdom is a constitutional monarchy. It utilizes a parliamentary democracy, with parliament as the legislative structure (United Kingdom: Constitution and politics, 2016). Queen Elizabeth II Is the current reigning monarch of the United Kingdom. The economy of the UK is among the largest in the world. It is the world 's fifth largest economy ranked by nominal GDP. The UK has been a popular choice for FDI in Europe. Businesses opt to expand or interchange their businesses within the UK because it is an idyllic location. More businesses decide to place their European HQs within the United Kingdom than elsewhere in Europe, (Business investment in the UK: Guidance for overseas businesses, 2015). The following paragraphs will discuss the potential opportunities for international business in the United Kingdom, as well as the risks and challenges of undertaking business ventures there may pose.

Announced by BBC News, Singapore is ranked at the top as the “Easiest Country to Start a Business” and “World’s Top 20 Most Globalized Nations". One of the main reasons is because of Singapore’s strategic location is at the heart of ASEAN (Association of South East Asian Nations). This enables the business to be access up to 8 billion people within a seven-hour flight radius.