21 Jul WHY HAS THIS SUCCESSFUL U.S. CHAIN NOT SEEN THE SAME SUCCESS OVERSEAS?
Chipotle Mexican Grill the American Mexican food chain restaurant opened its first restaurant in t Show more Chipotle Mexican Grill the American Mexican food chain restaurant opened its first restaurant in the United States in 1993. In 2010 Chipotle opened its first restaurant in the United Kingdom in London on Charing Cross. By late May 2013 the company had 6 restaurants in London but they have not been doing well even though the British have taken a liking to Mexican food (Boyle 2013). Why has this successful U.S. chain not seen the same success overseas? If you were Chipotles CEO how would you fix this situation? What is an alternative means of venturing outside of its domestic markets that may allow for a competitive advantage? Then pick a company that has not yet expanded overseas or if it has expanded suggest a different strategy for entrance into an overseas market that you feel would be more strategic for the company. Research its rivals in the global marketplace and market conditions in the overseas market you are targeting. Justify your recommended entry strategy based on these industry and market conditions Show less
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