Business Consulting: Analysis of Problems Faced by LSST College
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This report provides an analysis of the problems faced by LSST College and offers recommendations for effective solutions. The main issues include competition, lack of support, discipline, and online presence. Business consulting can help address these challenges.
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EXECUTIVE SUMMARY Present report is based upon LSSD which is one of the famous colleges of United Kingdom. The report focuses upon the analysis of problems that are faced by the college so that effective solutions for proper execution of future operations could be formulated. In order to analyse the problems different aspects are analysed which are market, targeted customers and competitors. In order to analyse the level of competition competitor analysis is also conducted. The main problems that are faced by the organisation are feeling of isolation, discipline and support from government. In order to deal with all of them the organisation is recommended to formulate effective policies for getting support of government, conducting outdoor activities and improving discipline within the campuses.
Table of Contents EXECUTIVE SUMMARY.............................................................................................................2 Table of Contents.............................................................................................................................3 INTRODUCTION...........................................................................................................................1 PROBLEM STATEMENT..............................................................................................................1 INDUSTRY ANALYSIS................................................................................................................2 CLIENT’S ISSUES.........................................................................................................................3 RECOMMENDATIONS.................................................................................................................4 CONCLUSION................................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Business consulting is the process of providing specific suggestions to the organisations that are dealing with issues so that they can carry out all the operations properly. There are various entities which are working as business consultants for such companies that are looking for advice to resolve all the problems(Aronoff and Ward, 2016). Present report is based upon analysis of problems that are faced by LSST (London School of Science and Technology) College. The education sector is becoming vast with the time and the entities such as LSST are dealing with different types of issues while carrying out operations. This assignment covers detailed information about all of the, industry review and recommendations to deal with all the challenges. PROBLEM STATEMENT Overview about the client:LSST (London School of Science and Technology) is one of the best colleges of United Kingdom. It is a private management school which was founded in year 2003. The college is highly focused with providing inclusive education experience to the students. Over 2500 individuals are currently taking education from the institute. It is having five different campuses in United Kingdom. These are at different locations which are London / Wembley, Luton, London / Elephant and castle, Birmingham / Aston and Digbeth. All the campuses of the college are in popular locations where students can reach easily through public transport or their own vehicle (Overview of LSST,2020). There are various types of problems that are faced by the college all of them could be understood with the help of following discussion: Increasing competition:Education industry is very vast so the number of entities which are carrying out operations in it is also very high. It results in high level of competition. LSST is an educational institute which is one of the biggest colleges of United Kingdom. It is dealing with the issue of high level of competition as the number of players in the sector is very high. It is very important for the management to deal with this issue properly so that all the planned goals could be accomplished successfully. Lack of support:LSST is a private management school so it is not having any type of support from government of United Kingdom. This issue is also faced by the organisation because slight support from the legal authorities will be beneficial for it to become the leader in 1
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the industry. This problem is also required to be focused by the board members of London School of Science and Technology so that the college can deliver best education to the students. Discipline:LSST college is well known for its education systems as best education is provided by it which has resulted in the high level of students who are taking education from the institute. Apart from this, the level of discipline among the students is very low and due to this most of the individuals are not able to attend their classes. This issue is leaving negative impact upon market image of college and the management is required to take strict actions against it so that discipline could be maintained in the campuses(Aronoff and Ward, 2016). Lack of online presence:Online presence is very important for all the entities as it helps them to be the first on the search engine whenever one searches for best management school. LSST is having its own website which is very attractive but its presence on social media and search engine is very low. Due to this, most of the students who visit from other countries are not aware of it. This problem is required to be responded so that the long-term goals of LSST could be accomplished. Feeling of isolation:LSST is having five different campuses in United Kingdom which are easily accessible for all the students. The building of the university is not having open places and due to this most of the students feel isolated. It affects their mental health and ability to learn. It is required to be dealt by the London School of Science and Management so that it can help the students to learn in a good and open environment(Biech, 2019). INDUSTRY ANALYSIS Education sector is very large and the number of operators in it is also very high. The UK government is highly focused with providing opportunity to almost 60% senior secondary schools to receive high quality education and learning. The total value of education industry is around 968 million. Most of the individuals who are studying in colleges are using governmental funds so that they can get proper education and reach to tehri career goals. The major trend in the industry is online learning which is increasing continuously. With the help of it, distance learning has become very easy and it has also enhanced the focus on individuals towards high school learning, degree and certificates. It has been estimated that till 2023 the international learning market will grow by 90.37 billion. It is a very huge amount which will increase the contribution of education industry in GDP of nations(Grabowski and Stawasz, 2017). 2
Competitor analysis:The level of competition in education industry of UK is very high which is resulting in increasing competition for LSSD. The major competitors for the entity are UCL Quantum Science and Technology Institute, Imperial College London etc. All these institutes are offering same education like LSSD and due to this the organisation is facing challenges. It is essential for the college to make sure that it formulates specific strategies that can help it to deal with high level of competition. For this purpose, it will be required to enhance its online presence and provide such facilities to students that are not offered by its competitors (Lee and Seo, 2018). CLIENT’S ISSUES London School of Scienceand Technologyis operatingbusiness under education industry and it is also dealing with some issues that are required to be dealt properly. For this purpose, all the problems that are faced by it should be assessed and then the major issues should be focused to find appropriate solutions. The main three problems which are faced by LSST are listed below: Discipline:The level of discipline in the students of LSST is very low and due to this most of the students who are highly focused with their studies are not able to get proper education as they get disturbed by others. This problem is the major issue which is required to be resolved by the college as it is leaving negative impact upon studies of students who are focused with their education(Lee and Seo, 2018). Feeling of isolation:The building of college is not having proper ventilation which is resulting in isolated students. It is affecting the mental health of students who are studying in the college. This problem is also major for LSST as it affects the ability of students to learn and study properly. Stress, depression etc. are the health issues which are taking place for students due to this problem. All the students need a positive and open place where they can study properly but isolation affects their studies. It is also selected as a major issue because due to this mind set and education of students is getting impacted in negative manner. Lack of support:LSST is also facing the challenge regarding support of government as the legal authorities are not supporting it because it is private management school. It is very important for it to get support from the government to meet all the predetermined objectives of it. If it will not be able to get it then it will be very difficult for it to deal with the competition in the 3
industry. This issue is also selected as a major one because if it will not be resolved then it will be very difficult for LSST to carry out operations properly(Nissen and Seifert, 2018). RECOMMENDATIONS Following are some of the recommendations that are provided to LSST to deal with all the three major issues: Board of directors should make effective plans and policies so that support from government could be acquired. The management of school should make strict rules against indiscipline so that the students who are performing in-disciplinary activities get punished and won’t repeat the same mistakes again in future. It is suggested to the top authority of college to arrange outdoor activities for the students so that their feeling of isolation could be reduced. Apart from this, they can also conduct outdoor classes in open campus which will increase participation of students in the classes(Ward, 2016). By paying attention towards all the above recommendations LSSD will be able to deal with all the issues that are faced by it in systematic manner. All the suggestions will help the organisation to make sure that the problems are responded properly and now the predetermined objectives could be achieved. CONCLUSION From the above project report, it has been concluded that business consulting is a process which is focused by consultants for the purpose of identifying issues of clients and then suggesting them ways to respond all of them. While analysing the problems it is very important for the consultants to analyse targeted customers, competitors and industry in which the organisation is carrying out all its operations. It can help to formulate effective strategies which could be used for the purpose of dealing all the issues that are affecting the execution of operational activities. 4
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REFERENCES Books and Journals: Aronoff, C. and Ward, J., 2016.Family business governance: Maximizing family and business potential. Springer. Aronoff, C. and Ward, J., 2016.Family business ownership: How to be an effective shareholder. Springer. Biech, E., 2019.The New Business of Consulting: The Basics and Beyond. John Wiley & Sons. Grabowski, W. and Stawasz, E., 2017. The role of business consulting in creating knowledge and formulating a strategy of development in Polish micro-enterprises.JEEMS Journal of East European Management Studies. 22(3). pp.374-396. Lee, Y. H. and Seo, Y. W., 2018. A Study on the Effects of Business Consulting on the Business Performance: Analysis of Elasticity of Consulting Factors and a Group Analysis Based on Firm Age.Knowledge Management Research. 19(4). pp.39-58. Lee, Y. H. and Seo, Y. W., 2018. Strategies for sustainable business development: utilizing consulting and innovation activities.Sustainability.10(11). p.4122. Nissen, V. and Seifert, H., 2018. Digital transformation in business consulting—status quo in Germany. InDigital Transformation of the Consulting Industry(pp. 153-190). Springer, Cham. Ward, J., 2016.Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Springer. Online OverviewofLSST.2020.[Online].Availablethrough: <https://www.lsst.ac/about/we-are-different/> 5