...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 company should consider per capita beef consumption. If India did not have any barriers to trade, Ruth’s Chris would still not consider expansion because the cow is sacred to the Indian culture and so, the people do not eat beef. If a prospective...
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...1798, in his An Essay on the Principle of Population, Reverend Thomas Malthus posited that the human population growing at an exponential rate shall someday surpass the level sustainable by the arithmetically growing rate of food production. This statement, which forms the crux of Malthusianism, argued for greater birth control measures to keep population in check. The 19th century, though not without its problems of population related urbanization, didn’t see Malthus’ premonition come to fruition and his argument seemed to have been laid to rest, albeit for half a century when in the wake of unshackling of slavery’s yoke by very many nations in the post war world, it was resurrected by the aptly named neo-Malthusians, including the likes of Paul Ehlrich (the Population Bomb) and the Paddock Brothers (Famine 1975! America's Decision: Who Will Survive?) Influenced by Soviet ideas, India was the first country to have an official population control policy in 1951. While the numbers would say that the policy hasn’t been successful, India has a population of 1.25 billion, the country has, by serendipity or by plan, reached a stage where the potential of its large population and the structure of it has become an important weapon in the country’s growing economic arsenal. The Demographic dividend, as this weapon is popularly called, depends on the make-up of the population, particularly on the dependency ratio, which is the number of dependents in a population (Age 0-14...
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...Lena Cavusoglu J. Mack Robinson College of Business, Georgia State University Master in International Business IB 8090 - International Business Environment Essay Exam # 1 Email: lcavusoglu1@student.gsu.edu 1. GDP per capita as an indicator: What are the limitations of this statistic in the context of emerging markets? GDP per capita is often used as an approximation of a country's prosperity. However, this approximation excludes significant factors such as the distribution of income, home production, underground economy, and social cost of production, in making a decision on the well-being of a country's inhabitants. First, emerging markets generally have an unbalanced distribution of income. There may be significant gaps in income between various groups of the society. In such markets, GDP per capita is a misleading indicator of the economic situation because a wealthy minority may hold a large share of GDP. GDP per capita might underestimate the fraction of society who has an income below the poverty threshold. Furthermore, the inequality in income distribution gives rise to a higher rate of increase in underground economy, which may make up a large fraction of GDP generated in a country. Consequently, many places have a higher GDP than what is reported. Second, there is a large domestic production in developing countries such as Turkey, which is not calculated in GDP since these products are not sold on the market. Homegrown vegetables and knit clothing are examples...
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...received that we all discussed?). China was the center of the world in 1500 for many reasons: their population tripled, urbanization spiked, and productive capacity boomed. It really boiled down to the fact that all money (mainly silver) was flowing into China while manufactured goods were flowing out. At the...
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...How Rural-Urban Migration Contributes to the Development of a Megacity: A case from Bangladesh Abstract Like other developing countries, rural-urban migration is the prime reason of developing megacity in Bangladesh. It is the most important factor for rapid urbanization as well. Dhaka, the only megacity in Bangladesh, became a megacity having more than 10 million of population in 2001. Dhaka is the center of attraction of this region since 7th century and the development phase of this megacity can be categorized into five- Pre-mughal period, Mughal period, British period, Pakistan period and independent Bangladesh period. Although rural-urban migration plays the crucial most role to turn Dhaka from a city to megacity, it was not very significant during the first three period. With the partition of subcontinent Dhaka became the capital of independent Bangladesh and huge numbers of migrants start to step into this city. Dhaka, the 9th largest of 21 megacities of the world, drags people towards it with several ‗forces of attraction‘. This study, on the rural-urban migrants residing over the slums of Dhaka city, finds that availability of jobs, easy access to informal economy, ‗Dhaka means Taka‘ conception and ‗illuminating Dhaka‘ are the prime forces of attraction of Dhaka megacity. Keywords: Megacity, Dhaka, Rural-Urban Migration, Migration toward Megacity, Forces of Attraction. Introduction Development of cities and urban centers as well is intrinsically related with...
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...The Future of Biodiversity in India THE FUTURE OF BIODIVERSITY IN INDIA INDIA is not only gifted with cultural diversity, geographical diversity, social diversity and climatic diversity but also adorned with biodiversity which broadly includes land biodiversity and marine biodiversity. Its geographical position on globe is suitable to achieve latitudinal variation as well as altitudinal variation in giving birth to varied number of indigenous flora and fauna. India contains 8%of world species in only 2.4% area of world. Moreover ,in about 34 biological hotspots spread all over the world three lies in India i.e. Western Ghats, North-East India and Himalayan region. Biodiversity is the presence of genetic and species variation of living organism in particular ecosystem in a given time. Hence this is a holistic concept encompassing the genetic , species and ecosystem diversity which bear the imprint of spatial and temporal change. The term was first used by Walter G.Rosen in 1986. Biodiversity has multidimensional effect on human living ,its economy and his environment. Ecological services of biodiversity to human is in term of conservation and protection of water, purification of air, absorption of carbon dioxide ,regulation of biochemical and hydrological cycle ,protection and renewal of soil fertility and moderation of weather and climate. The tangible benefit in term of ecological economics include food , clothing , shelter ,drugs ,industrial...
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...INDIAN FOOD PROCESSING INDUSTRY The food processing industry in India is one of the largest in terms of production, consumption, export and growth prospects. Important sub sectors in food processing industries are fruit and vegetable processing, fish-processing, milk processing, meat and poultry processing, packaged/convenience foods, alcoholic beverages and soft drinks and grain processing. According to Ministry of Food Processing Industries, the size of the food processing industry was about Rs.315, 000 crores and included Rs.99, 000 crores of value added products. About 300 million upper and middle class people consume processed food; 200 million more consumers are expected to shift to processed food by 2013. The food processing industry accounts for 13.5% of the country’s industrial output. It generates 18% of gross domestic product and employs about 19% of the industrial labour at national level. Products like papad, pickle and spice mixes have been hugely successful in recent years. The size of this particular segment alone is estimated at about Rs 100 crore. Rabo India Finance had projected that the Indian food processing industry would increase to Rs 11,500 billion by 2014-15. Processed products like ‘chapaties’, ‘subzies’ and portion packs of concentrated curries are fast becoming regular diets, especially for young couples. The product range includes foods like ‘puri-bhaji’ and ‘dosa-vada’. Processed food products like pickles, chutneys, juices and curry powders had...
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...Paper-I Principles of Geography Physical Geography i) Geomorphology : Factors controlling landform development; endogenetic and exogenetic forces; Origin and evolution of the earth’s crust; Fundamentals of geomagnetism; Physical conditions of the earth’s interior; Geosynclines; Continental drift; Isostasy; Plate tectonics; Recent views on mountain building; Vulcanicity; Earthquakes and Tsunamis; Concepts of geomorphic cycles and Landscape development ; Denudation chronology; Channel morphology; Erosion surfaces; Slope development ;Appl ied Geomorphology: Geohydrology, economic geology and environment ii) Climatology : Temperature and pressure belts of the world; Heat budget of the earth; Atmospheric circulation; atmospheric stability and instability. Planetary and local winds; Monsoons and jet streams; Air masses and fronto genesis, Temperate and tropical cyclones; Types and distribution of precipitation; Weather and Climate; Koppen’s, Thornthwaite’s and Trewartha’s classification of world climates; Hydrological cycle; Global climatic change and role and response of man in climatic changes, Applied climatology and Urban climate. iii) Oceanography : Bottom topography of the Atlantic, Indian and Pacific Oceans; Temperature and salinity of the oceans; Heat and salt budgets, Ocean deposits; Waves, currents and tides; Marine resources: biotic, mineral and energy resources; Coral reefs, coral bleaching; sealevel changes; law of the sea and marine pollution. iv) Biogeography :...
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...of 50 marks, 38 marks shall be devoted to semester paper and 12 marks shall be fixed for class/home assignments. 2. The format of the theory paper shall be the same as it is being following by the university. 3. Evaluation procedure shall be as per university norms. FIRST SEMESTER Paper S1: 01 History and Philosophy of Social Work (50) Unit – I Meaning, objectives and scope of social work; Role and functions of social work – Welfare versus development orientation; Values, Principles and philosophy of social work; Profession- meaning and elements, professional code of ethics, Professionalization of social work, interface between voluntary and professional social work; Emerging ideologies of professional social work in India, historical development of social work education in...
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...Affordable housing and slum redevelopment in a global context ..................... 6 b. Affordable housing and slum redevelopment in India ....................................... 7 c. Affordable housing and slum redevelopment in Pune ....................................... 9 III. Need Assessment ................................................................................................... 10 IV. Bibliography .......................................................................................................... 12 Introduction The term, “smart city” can be rather nebulous when taken by itself; there exists no widely accepted definition (Ministry of Urban Development, 2015, p. 5). The significance of a smart city varies across countries and cities, making it imperative to examine what the name means in the Indian context. As per the government, a smart city has three major features: a strong infrastructural core that induces high-quality living, a sustainable, clean environment and “smart solutions” (Ministry of Urban Development, 2015, p. 5). Even this concise description of smart cities seems to depict a highly dense, multi-faceted landscape and thus it perfectly conveys the complexity of a city that is to be considered “smart”. Naturally, implementing such an ambitious model for urban development in India would require tackling an endless number of issues. This is why the following report chooses to focus on but one, examinable, component...
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...In India, as in many parts of the world, environmental education has been included as a part of the curriculum in schools and colleges. This project attempts to study whether and to what extent has the formal method of imparting environment education in schools has been effective by studying the status of environmental awareness of school children. Many new townships and cities have sprung up during the last fifty years. Urbanization has had its impact on the previously uninhabited areas and the natural resources therein. The neglect of the masses has resulted in environmental degradation. To reverse this trend there is a need to convince the people about the importance of nature conservation and adoption of eco-friendly practices. The first step towards this is the creation of environmental awareness among the people. However, this should begin at the school level when the children’s minds are impressionable. ‘CATCHING THEM YOUNG’, is the most effective way of creating environment awareness and thus preparing the children to become ‘eco-soldiers’ in their later lives. Though environmental education is currently imparted by giving information on related topics through subjects like science, geography, civics and community living; there is a need to ascertain the effectiveness of this formal method by studying the level of environmental awareness. Realizing the importance of this fact, an attempt is made through this study to determine the...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0265-1335.htm IMR 28,2 The role of context in assessing international marketing opportunities Susan P. Douglas and C. Samuel Craig Stern School of Business, New York University, New York, New York, USA Abstract Purpose – The choice of which country or countries to enter is a critical decision and needs to be made with considerable care and deliberation. Initial market entry decisions have typically focused on country evaluations based on macro-economic data. While appropriate in providing an initial screening of countries, other factors, notably contextual factors, can provide important insights in assessing international market opportunities. The purpose of this paper is to examine the impact of context at four distinct levels. Design/methodology/approach – The literature on the influence of context on consumption and purchase behavior is reviewed to provide a framework to understand contextual factors as a means to refine entry strategy and develop effective segmentation strategies. Findings – A wide range of contextual factors exert influence on consumption choices and contribute to within-country heterogeneity. These are typically examined at the macro-level, but also need to be examined at the meso-level, micro-level and situational level to fully assess market opportunities and establish viable market segments. Practical implications – Examination of contextual factors...
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...this country. The positive notion is supported by many key indicators such as increasing house rent, inadequate and costly land, easier financing availability and more. To pave the way for the organic development of the industry, the problem of long existent inadequate financing availability at lower burden of terms and costs must have to be removed immediately, and wider scope has to be created for Non-Resident Bangladeshis. With many other issues, this study attempts to identify the current status of the private housing real estate in Bangladesh, presents deeper insights of the critical factors for increasing its coverage, and thus finally recommends some immediate policy measures. Keywords: housing, real estate, housing finance, urbanization, real economy, housing market, real estate...
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...complete or radical change. This changeover takes what once was a simple farming and agricultural community and turns it into an unspiritual, metropolitan and industrialized society. The implementation of new changes and ways required for survival cause traditions to be lost. This paper will examine how modernization has manifested itself in society within the United States, if modernization is likely to continue within the United States or become a world-wide trend. Additionally, this paper will also discuss the consequences of modernization along with advice of the certain and uncertain aspects and perceptions of modernization. Modernization takes place at a gradual rate first with industrialization, then societal changes which cause urbanization and reconstruction of populations. A person often uses the word modernization to convey an image of the progression from a society that was once common to this abreast Western civilization. German sociologist Ferdinand Tönnies’ theory of Gemeinschaft and Gesellschaft explains that “Industrial Revolution weakened the social fabric of family and tradition by introducing a businesslike emphasis on facts, efficiency, and money” (Macionis, 2006). The theorist that best reflects my perceptions of modernization through similarities of observations and opinions is Ferdinand Tönnies’ who according to Macionis, viewed modernization as the progressive loss of human community (Macionis, 2006). Tönnies observed that modernization was causing an...
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...The strongest FDI growth rates are expected for India, followed by Brazil, Russia and China. The China’s slower growth is strong basis it is already has today. The India catches up to china, it around 70% of china’s FDI inflows as early as 2014. Consideration for implications to global business environment: The session for first sub-theme considered the issues of improved global governance as way of addressing world problems. This discussions focused on gauging the scope for greater linkages between trade and other features of global governance. The global trade regime and global finance for better coordinated and developed in 21st century architecture of global economics governance. The Human Rights Impact Assessment (HRIA) a pertinent tool for informing and improving trade governance? The questions rise during the sessions. The participants also stressed the importance of assessing their own role in creating better governance. A business community was particularly analysing how business leadership can developed to promote strength in the multilateral trading system. International trade helps lower the cost of goods and services to the final...
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