Business Consultancy Report for Fairfield School of Business
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Added on  2023/06/15
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This report provides a detailed analysis of the problem faced by Fairfield School of Business (FSB) in hiring skilled staff and specialist. It includes competitor analysis, target audience and segmentation, SWOT and PEST analysis, and recommendations to solve the issue.
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TABLE OF CONTENT INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Problem faced by client:..............................................................................................................3 Competitor analysis:....................................................................................................................3 Target audience and segmentation:..............................................................................................4 SWOT analysis:...........................................................................................................................4 ABC framework:..........................................................................................................................4 Three issue faced by FSB:...........................................................................................................5 PEST analysis:.............................................................................................................................5 Recommendation:........................................................................................................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................1
Treat of substitute:FSB faced threat of substitute from these new entry, FSB have effective teaching intervention which allow them to be more competitive, these entries can steal concept of FSB and become more effective (Bruijl, 2018). Target audience and segmentation: Segmentation:segmentation is market corner which allow company to position their product and service in the target market, FSB have student as their target customer. This college can segmented their customer according to course they are looking for. According to age, gender and education level, FSB can segmented their customer. Target audience:FSB have clear target audience which are student, this college can target their audience according to their interest in community based learning. To convert these audiences into potential customer, FSB college have to provide discount on course and allow customer to have free trail. Positioning:FSB college is facing problem of hiring skilled staff in their campus, this college need to position their course in the market to attract new customer and even those potential staff who can provide better knowledge and teaching to student of FSB college. SWOT analysis: Strength:strength of FSB college lies in wide range of course they provide with high quality of learning, another strength of FSB lies in strong customer base which remain loyal to college (GURL, 2017). Weakness:weakness of FSB college lies in less skilled staff available with them, this college is facing problem in hiring skilled specialist in their campus which have become weakness of FSB college. Opportunity:FSB college have opportunity to expand in nearby town because this college have reputation in providing community based learning to student. High quality of work unlock various opportunity for FSB such as strong customer base unlock opportunity to generate. Threat:FSB have certain threat around them which can impact their performance for example poor hiring practice provide competitive advantage to their competitors allowing them to get ahead of FSB (Sarsby, 2016). ABC framework: Adversity:adversity means situation that cause the problem, FSB have being facing problem of hiring of specialist in their campus (Storey, 2016). A part in ABC framework allow FSB to
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analyse the situation which is causing hiring problem, situation here is poor recruiting process with poor HR practice. Belief:belief means identification of reason why problem have occurred, belief means cognitive area of FSB college which allow them to understand reason behind poor hiring process. B in ABC framework means connection behind problem or belief of FSB behind this problem. Consequence:consequencemeansoutcomeofissuewhichisbeingidentifiedinABC framework, FSB can understand the impact of poor outcome of HR practice. Hiring process of FSB was impacted due to many reasons mainly because of ineffectiveness of FSB in the recruiting. Three issue faced by FSB: Poor interview process:FSB is facing major problem of hiring specialist with adequate knowledge and skills, the origin of this problem lies in poor interview process. It is very clear that when process of hiring is not done properly then this type of issue may arise, FSB have poor hiring process which cause them to performance less effective. Employee morale:employee morale is one of the biggest reason of problem faced by FSB college because if college hire employee with less interest in performing job then their performance will be badly impacted. Poor morale of employee become origin of issue faced by FSB college. Lack of knowledge:lack of knowledge impact performance of hiring process, it is very clear that when HR department of FSB do not have adequate knowledge of hiring and recruiting then they can not solve this issue faced by them. Lack of knowledge means HR professional do not know what question should be asked in interview. PEST analysis: Political factor:the Education and Skill Funding Agency (ESFA) of UK government allow both student and college to avail funds from government for education purpose. New policy of government push FSB to change their curriculum and should adopt selective hiring practice for better education to student (Perera, 2017). Economyfactor:stabilityofeducationsectorofUKisfavourableforallcollegeand educational organization, FSB can benefit their college with stability of economy of UK. Economic factors such as working hour of staff impact FSB college and their growth, after
COVID-19 impact, UK government have reduce working hour for teachers and education specialist. Social factor:customer behaviour of FSB college can be understood with social factor, it is very clear that trend in social factor drive trend in educational sector of the country. FSB college gets impact on their education policy due to changing behaviour customer, new curriculum need to be adopted to fulfil the demand of student. Technological factor:technological in education is one of the most important thing, FSB need to have the latest technology to solve hiring problem faced by them. With advance technology, FSB college can increase student satisfaction. Technological have become more important in education field because after COVID-19 impact, student prefer schooling online. Legal factor:legal factor means all rules and regulation and legislation process FSB need to have in the process, FSB need to complete all document of legislation to be safe from any kind of lawsuit and illegal activities. Environmental factors:FSB need to ensure they remain effective in managing nature and its importance, this college need to ensure sustainability should be promoted at every process they tend to follow to overcome environmental factors which impact the smooth process of FSB. Recommendation: Proper interview:FSB facing problem of hiring skilled staff and specialist, it is recommended for FSB to improve their poor interviewing process. Sometimes poor process of interviewing which means HR professional do not have knowledge of asking question. This often happened in FSB which become reason for problem in hiring skilled staff. By adopting knowledgable hiring process, FSB can solve this problem. Skills identification:skill identification is the best way to overcome hiring problem faced by FSB college, this issue impacted performance of college which need to be solved. FSB need to identify morale of employee by analysing their skills, for example effective communication skills is key factor of employee who are skilled and knowledgable. Sufficient knowledge:sufficient knowledge is the best way to improve hiring process, FSB have poorhiringprocesswhichmeanstheirHRprofessionalarelackingbehindinadequate knowledge. HR of FSB need to gain more knowledge on hiring and recruiting process, with high level of knowledge HR can perform selective hiring for FSB college.
CONCLUSION Thisreporthavediscussedbusinessconsultancyanditsimportanceinbusiness organization. Later this report have discussed problem faced by FSB college. Later this report have discussed competitor analysis to understand competition and their movement. Target market with segmentation and positioning of FSB have being discussed. Later this report have provided SWOT and PEST analysis to understand factors affecting FSB college. At last this report have discussed three factors that are origin of problem faced by client and provided recommendation to solve this issue faced by FSB college.
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