Ruth’s Chris Steakhouse Case Study Overview Your overall case analysis should include the following sections: 1. Problem identification 2. Case analysis (including a SWOT analysis) 3. Generation of alternatives (at least three) 4. Analysis of alternatives 5. Recommendations (preferred alternative) Step 1: Problem Identification BBB4M Clearly and accurately identify the key decisions‚ problems‚ and strategic issues facing the company or manager in question. Ask yourself the following questions:
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should Ruth’s Chris Steak House meet its revenue growth targets? Be sure to support your recommendation with specific details of how you would carry out your recommendation. Ruth’s Chris is an American chain of restaurants implanted in five countries: 3 in the Americas (USA‚ Canada and Mexico) and 2 in Asia (Taiwan and Hong Kong). This restaurant proposes prime quality meats from the USA. The average price of meal is around $70 so the target is high income customers. Ruth’s Chris Company wants
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Case #1 3/7/2013 Ruth’s Chris Steak House was looking for a new business strategy focusing on continued growth of franchise and company-operated restaurants in 2004. Since it was currently a publically owned company‚ Ruth’s Chris Steak House had to meet Wall Street’s expectations for revenue growth. The question was‚ “How will we do this?” The most logical chosen model to do so was looking at Market Development which means having the same product but in a new market. With franchises in
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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.
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Case Analysis for Ruth’s Chris 1.What did Hannah do to make a first cut in the list of potential variables? How did he get from 200 to less than 35 potential new markets? Which variables did he use in his decision making and why? Hannah created a criterion that included the factors that were key to Ruth’s Chris success and used that to narrow down the potential new markets. The variables were beef-eaters (their primary customers are beef eaters)‚ legal to import U.S. beef (Ruth’s Chris only
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Angel Alicea Mrs. Lee Ann Spillane English I Honor 15 February 2013 Kobe: Japanese Steakhouse and Sushi Bar Have you ever been to a Japanese Steak House? If not‚ you should visit Kobe’s. Kobe’s is a Japanese Steak House located on International Drive in Orlando. Now‚ I will give my review of Kobe’s. Walking into Kobe’s gives you an amazing vibe. It makes me feel like I just walked into Japan. The first thing that caught my eye was the koi pond. The koi fish are brightly colored
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Questions: Ruth’s Chris 1. What did Hannah do to make the first cut to 35 potential new markets? Which variables seemed more important in his decision-making? Which unused variables might have been useful? Hannah and his team looked at product development‚ diversification‚ penetration and market development as a strategy for entering (a) market. They decided on the market development model or adding more of the same restaurants in new markets. One of the primary indicators used to determine
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exercise to assess one’s exposure to the rest of the world’s people. To meet Wall Street’s expectations for revenue growth‚ Ruth’s Chris must expand. The logically chosen model was Market Development Model‚ which dictated the entry of Ruth’s Chris into new market with same product. The critical issues facing Ruth’s Chris are: 1) Which market should Ruth’s Chris enter first? 2) Should franchising continue to be the exclusive international mode of entry? 3) Were there opportunities for joint
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Ruth’s Chris: ‘The High Stakes of International Expansion’ Defining the Issues As a newly publically traded company‚ Ruth’s Chris was responsible for the development of a new business strategy to focus their efforts on revenue growth in order to meet shareholders expectations. By maintaining continued growth in established restaurant locations‚ this strategy needed to concentrate on building equity capital by planning/executing an international expansion to increase profitability of
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EXECUTIVE SUMMARY Dan Hannah‚ Vice President for Business Development at Ruth’s Chris‚ uniquely American and successful Steakhouse restaurant was responsible for the development of new business strategy focused on continued growth and company operated restaurants. Even though current restaurants were seeing consistent incremental growth‚ new restaurants were critical. Hannah knew that the international opportunities offered a tremendous upside. There are currently 10 successful locations internationally
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