Ruth Chris Case Study

1. Franchisees gain numerous advantage when they purchase a franchise. First, while a franchisee may be opening a new store, it is part of an already established business and system. This means a franchisee has access to turnkey operations, allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities, as well as financial assistance. Going hand in hand with this, a franchise already has an established brand name, quality of goods and service which have been standardized across the franchisor’s larger company, and national advertising programs from franchisors. Franchises also have large-volume, centralized buying power. A franchise has proven products, and

Throughout history, sports have become a regular family interest, and were very well known in the year of the “Roaring Twenties” (R, A, 2010). The weekends were always filled with baseball fans in stadiums, waiting to cheer on their favorite team or player. One of histories greatest athletes fulfilled a dream during this era and would forever be remembered as baseball hero.

Although the restaurant industry is perceived to have high risk of failure, the risk of a restaurant failing is not too different from other small businesses. Parsa et al. quantified the risk of failure at 26% in the first year and 57% by year 3. He also described several factors that can influence the risk of failure. Those include physical location, firm size, speed of growth, differentiation from other restaurants in the market, adapting to external trends, and management experience. In terms of location and differentiation, Paul’s bar will be located in a new development designed to attract affluent customers and with very few competitors. Paul’s small firm size increases risk because of barriers to attract partners (i.e. suppliers and bankers are prejudiced against smaller firms) and growth that may be too rapid to manage. On the other hand, Robert already has experience in the restaurant business and should know how to run the bar and subsequent restaurant. Their choice of a piano bar may be in response to local trends that favor success.

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:

1b) What advantages are there to not franchise the restaurants? Do you think they ought to franchise restaurants down the road? What advantage would that be for the company?

A judge based in Wyoming who was censured for publicly stating her opposition to same-sex marriage has appealed her case to the U.S. Supreme Court on Friday.

Ruth’s mother set a feminine guiding line that was characterized by a serious devotion to principle, righteousness, duty, and her husband.

Ruthie's strongest attributes are focus, fortitude and vision. She has demonstrated these traits again and again through different phases of her life, and most notably in her travels that have taken her out of her familiar home environment and immersed her in completely new experiences, culture, language, and daily routine. At 13, desiring to have a broader educational and life experience, she committed to and spent an entire academic year in France attending school where French was the only spoken language, culinary experience and culture on a daily basis without access to any technology such as cell phone or computer. Growing up as an only child to a single mom, Ruthie's relationship with me was and is very close with a predictable day to

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.

In today’s society, it is rare for someone to remain loyal to an idea, person, animal, or thing. It has become the norm for disloyalty to occur. It is perpetuated in television, music, and social media. This generation is bombarded with images and ideas of people no longer remaining loyal. There was even a song written, “Loyalty,” where the writer states, “these hoes ain’t loyal.”

...................................................10 Alternative 3 – Review Existing Locations..........................................................................................11 Alternative 4 – Expansion through Franchise Operations.....................................................................11 Alternative 5 – Expand Catering Segment ...........................................................................................12 Recommendations and Action Plans .......................................................................................................12 Recommendations ..............................................................................................................................12 Action Plans .......................................................................................................................................13 Contingency Plan ...................................................................................................................................14 Attachments ...........................................................................................................................................15 Exhibit 1.............................................................................................................................................15 Exhibit 2.............................................................................................................................................16

Franchisors are increasingly having to be more and more selective in the adoption of franchisees with factors such as economic climate and the potential difficulty with growth playing key factors in the decision making process. It is not simply an ability to grow which creates a successful Franchise and nor is it the desire of any franchisor to adopt every potential franchisee. Franchisors are becoming more and more scrutinising as the global economy declines. There is a general understanding within any franchised

Not having to answer to a corporate boss is the dream of many and the flexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchased by individuals. Franchising provides opportunities that are beneficial to both the parent company and the purchaser. The company that owns the business can expand

♦ Reliance on franchising "associate" stores and opening a few new company-owned stores as a means of expanding nationally and internationally. However, franchise licenses were granted only to candidates who have experience in multi-unit food establishments and who possess adequate capital to finance the opening of new stores in their assigned territory.

There are a couple of steps you will want to take before expanding your business in a foreign place. You will need to know your business inside and out. After making sure you know all the precise details about your company, your next step will be too learn about the legal issues you will have to face. They will need to pay close attention to Item 19 on their FDD filing, this is where a franchisor outlines financial performance information. A great resource to look at if you need some guidance is the International Franchise Association. You will also want to know how you want to grow. You will need to grow at the rate natural to your business and do not get ahead of yourself just because you might want to be successful. Then next step is important and it is screen your franchises. You should carefully choose who to franchise the business and make sure their head is in it for the right reason and they know what they are doing and getting their self into. You will need to feel them out to make sure they’ll take your company in the right direction in a new market. After giving franchisees very important instructions on hiring, training, and other practices, there will be certain freedoms that will be allowed. As the