-
Essay / The Expansion of Buffalo Wild Wings - 1038
Country StudyThis study will focus on casual restaurant and sports bar Buffalo Wild Wings, which primarily sells buffalo wings, and its potential international expansion into China, l one of the fastest growing major companies in the world. savings. In order to better understand China, it is important to understand the environmental factors associated with the country. I will begin by discussing economic, geographic and political-legal factors. According to a 2013 purchasing power parity estimate, China has a GDP of $13.3 trillion. Its real GDP growth rate is 7.6% and it ranks 120th in the world in terms of GDP per capita. One of China's main advantages is a populous workforce that ranks first in the world, totaling 797 million people split equally between agriculture and services, with slightly fewer working in the sector industrial. The unemployment rate is a manageable 6.4% and the industrial production growth rate is 7.7%. China exports electrical and other machinery, data processing equipment, clothing, radio telephone handsets, textiles and integrated circuits mainly to Hong Kong and the United States, as well as Japan and South Korea. China also imports electrical and other machinery, as well as petroleum and mineral fuels, metal ores, nuclear machine components, optical and medical equipment, motor vehicles and soybeans. Its main import partners are South Korea, Japan, Taiwan, the United States, Australia and Germany. China uses transportation through its 507 airports and a rail system ranked third in the world, totaling 86,000 km. China also uses its roads totaling over 4,000,000 km and claims the largest number of waterways in the world. Major seaports include: Dalian, Ningbo,...... middle of paper ......rs. Internationally, our competition is much less and we have the opportunity to monopolize the market. Although the cost of entry may be initially high, I would expect to make a substantial profit in just a few years, thanks to the growing economy and lack of competition.ReferencesThe World Factbook. (nd). Central Intelligence Agency. Accessed March 28, 2014, from https://www.cia.gov/library/publications/the-world-factbook/geos/ch.htmlChina Employment Law Guide. (nd). Baker and McKenzie. Accessed March 30, 2014, from http://www.bakermckenzie.com/files/Uploads/Documents/North %20America/DoingBusinessGuide/Dallas/br_china_employmentlawguide_13.pdfDeloitte. (nd). Taxation and Investment in China 2013. Accessed March 30, 2014 from http://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-chinaguide-2013.pdf