ABSTRACT According to present market conditions it is essential for all organisation for expanding their market area that increases customer base in order to increase company profits. This is important for market analysis that helps for selecting best alternatives about select of options that expand market area. Report also covers detailed plan of action for parent paradise that provides soft education to children. In last, with analysis of all situation and analysis of options for problems it is easy to formulate best and effective strategy for increase in market size.
Contents ABSTRACT.....................................................................................................................................2 INTRODUCTION...........................................................................................................................4 Situational Analysis and Problem Identification.............................................................................4 POSSIBILITIES (OPTION)............................................................................................................8 Ansoff’s Matrix......................................................................................................................8 DETAILED PLAN OF ACTION..................................................................................................10 Aim and Objective................................................................................................................10 Risk assessment....................................................................................................................10 Stakeholder analysis.............................................................................................................11 Action Plan...........................................................................................................................12 CONCLUSION..............................................................................................................................15 REFERENCES..............................................................................................................................16
INTRODUCTION The term business refers to a process that is operated by a group of persons or individual to fulfil need of market for earning sufficient amount of profits. Business consultancy is explained as an entity that works for delivery of professional services to clients for improving their customer base and market base. The main motive of business consultancy organisation is to increase overall productivity of organisation through delivering essential suggestion for its customers. This report is written from perspective of Parents Paradise which operates their business in education industry in which organisation provide education to children who belongs to age group of 11. Moreover, the project consists of three different parts which is situational analysis to understand all different situations in organisation. The another group relates with problem identification for analysing possible options related with specific project. The last action is a detailed action plan(McMillan and Weyers, 2012). Along with this for situational analysis PESTLE, Porter’s five force model and SWOT analysis will be utilised to understand micro and macro environment. In order to evaluate all possibilities Ansoff’s model is included in this report. In the last, project discussion with understand of aim, objective and stakeholder analysis will be focused in report. Situational Analysis and Problem Identification Situational analysis associated with evaluation of micro and macro aspects for an organisation for understanding of work with clear identification and determination to understand about clear capabilities and potential customers requirements.On other side, it also include to improveoperationsandfunctionsoforganisationthatsecondarilyimpactonbusiness environment. In context of Parents paradise for proper analysis of different situation SOWT as well as PESTLE is implemented and to generate generic results Porter’s five force model is also included to identify and determine possible issue and problems which relates with current target market(Maylor, 2010). PESTLE Analysis WithuseofPESTLEmodelorganisationisabletoworkaccordingtoexternal environment conditions of market. There are several issue faced by management at time of completing their work such as improper management, inefficiency of workers, less participation
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of authorities and many more. But specifically non-routine activities and low motivation of workforce are major challenge for organisation. In context of Parents Paradise external aspects of environment and its conditions are mention as below: POLITICAL FACTOR-The political aspects is associated with current political rules and regulations that are developed by ruling government and impacts on business functions and operations of a company. Form perspective of Parents Paradise management is operating its business within UK due to which it is easy to perform business action because government is flexible for business houses(Mathooko and Ogutu, 2015). As parents paradise is a soft play centre thatnot influenceby politicalfactors. Moreover, allgovernment makesrulesfor protecting children and improving education system for protecting right of individuals. For example- at time of season change, political authorities modify school timings for providing right facilities to children. But as situational aspect it is managed that organisation is facing challenges of non-routine activities. So with change in time management issue are generated due to external environment. ECONOMIC FACTOR-Economic aspects consists of monetary policy which secure better position for country to make essential variables that boost economy of country. Moreover, economic aspect of UK is not impacting on Parents paradise because it is a self-managed organisation and managed funds on self-basis. But there are different situations such as to charge fees from parent impact on operational activities if they not submit fees on time. Along with this there are different challenges faced because of changes in economic policy which are pending salary of employees or staff. This results employee will de-motivated to perform their work with full potential which is another challenge for organisation. SOCIAL FACTOR-This is mainly based on needs and expectation of customers as well as society that consider for performing all work as per business organisation operates. In simple terms, all demographic aspects such as age, religion, gender etc. which is commonly followed in a society. From perspective of Parents Paradise it is concerned about all consumer groups that generate hurdles related with children and their parenting. Example- When local residents of a country shift in a other city then several challenges are faced by children among which one of them is change in language(Lynch, 2018). So Parents paradise must adopt diverse training methods for management team in order to deal with better education for all children.
TECHNOLOGYFACTOR-Technologicalfactorconnectswithadvancementofall technology factor that generates innovation in all aspects of organisation. Education industry and organisation face regular challenges because small children are curious to adopt new learning. But technology tools are high in cost which increases cost of operations and main stakeholder of Parents paradise are children and parents so management must complete design software tools which are safe for child below than 11 age(Lock, 2018). Moreover, the major option for organisation is soft play centre that increases work productivity for soft play centre through increasing its work goals. LEGAL FACTOR-Legal aspects of external environment relates with legislation and laws that are developed by government. Similarly, it also includes changes which are protected towards interest of local organisation in business. Moreover, there are various operations performed by management of Parents paradise such as to decided location for school, transport facility for students and to ensure all tools are present factors for safety of children such as fire- extinguisher, safe and clean water. This results all work is performed through smooth flow of services for longer period by following all rules and regulations properly. Moreover, it is also used to make routine activities legal. ENVIRONMENTALFACTOR-Societyaswellasgovernmentallareworking towards safety of environment. In simple terms, it refers that there are various task and operations are performed which is used to overcome form hazardous factors. In context of Parents paradise it is identified that all operations involve children. Therefore, it is identified management consider its work in a safe manner through using imitable tools that not impact on environment. In last, it is identified that management is performing its work according to identify and analyse of situations that leads to work with aspects that enhances overall productivity by understanding challenges which raised due to low motivation of force and other is improper schedule of activities(Lehmann, Saulich and Wohlgemuth, 2018). SWOT Analysis STRENGTH ď‚·Management system that is adopted by parentparadiseistransparentand effective. This work major strength for WEAKNESS ď‚·According to this method organisation face challenge that its activities are not scheduledproperly.Thisgenerates
organisation. ď‚·Anotherstrengthfororganisation relates with managing and completing all work with information tools/ weak points for organisation. ď‚·Organisationperformtaskonly children who are less than age of 11 years.Solimitedmarketgenerates problems for organisation. OPPORTUNITIES ď‚·The major opportunity for organisation istostartmorebranchesamong different location in UK. ď‚·Withuseofchildcaretoolsand subjects it is easy for management to attract more number of parents. THREATS ď‚·Due to intense competition organisation performance is directly impacted which reduce company performance. ď‚·Organisation performs and manages its taskinlimitedareabutdueto globalisation it works as a threat for organisation to increase in market. Identification of problem Accordingtoanalyseofallaboveinternalandexternalfactorthatrelateswith environment of Parent paradise evaluate task and operations leads to work with PESTLE and SWOT some problems which are identified mention as follow: ď‚·Inappropriate schedule- due to change in organisational rules and increase in market share it is identified that there are various task and operations perfumed by management. So to work in proper manner it is identified that with right and planned schedule it is easy for management to complete all work in proper manner(Johnson and et. Al., 2017). This also concerned due to involvement of stakeholders in organisation it is impacting on organisational goals and objectives that leads to work properly. ď‚·Change in regulations- Brexit decisions impacts on all industry and organisation of management that refers educational institute is also impacted. Goals and objectives that are designed by management of organisation will leads management to complete their work and operations as per profits is impacted. Along with this it also analyse that with performing work as new rules motivation of employees is also impacted. So it is not possible for obtain right experience that boost morale of individuals.
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In last it is analysed by organisation that management impacted because of inappropriate workforce motivation and less participation of authorities creates longer challenges for Parent paradise as an educational institute. POSSIBILITIES (OPTION) Ansoff’s Matrix The Ansoff matrix can be defined as a product or market expansion that helps organisation to increase its market share by analysing various options. This all are present in growth for management that enhances strategic expansion for improving market share in an appropriate manner(Ilie, Nickerson and Planken, 2019). This matrix was developed by Igor Ansoff in the year 1957 so it is easy for business to select suitable option which expands market in easy manner. Moreover, some options which are utilised by Parent paradise for expanding its market is mention as follow: Market penetration-The market penetration strategy focuses towards enhancing its market share that leads to enhance sale of existing products. It works as a simple strategy which increases growth for organisation to sell products that are already present in market through reducing price of products. Moreover, by increasing promotion and distribution of products it is easy for competitor to improve market area in market. Product development-According to product development strategy there are various products are offered by organisation that modify essential products to increase its market share. Innovation is most important aspect that helps customers to gain competitive advantage in market through involving research and developments in organisation. Along with this organisation also develop strategic partnership with workshops that boost motivation of employees. This results market needs for organisation are met in an efficient manner. Market development-As per market development strategy organisation offers all of its existing products that are modified and developed as per needs of customers(Huerta and Minderman, 2019). This results customer base for organisation is expanded through expanding its market area. The main aim of market development strategy is to match product with customer segment. It results this is easy for organisation to provide their services into a larger market.
Diversification-According to this strategy organisation sell its products into new market but it is a risky concept for management as products which are sold by management are also new. So it is a complex tasks to sale all new services into new market. This results management must develop effective strategy for organisation to implement diversify strategy effectively in market. With discussion of all above points it is identified market penetration work as a best strategy which is beneficial for Parent paradise. This results all services which is provided by customers must be used for increasing existing market and to generate new customers in market through providing low all services at a low cost(Ho, 2014). Also Brexit generates a little impact on educational institute which refers management face challenges to offer all services in an appropriate manner. All European nations generates implement trade restrictions due to which cost of technology and other essential products is increased. This also determines that after identification of problem it is identified that with several challenges management work policy is impacted for increase it share in market. Organisation also provide and implement effective marketing strategy to attract more number of customers that increases admission of student in organisation. SAF model It is otherwise called system investigation structure which help the organizations in dissecting the methodologies which are to be executed in organization that can help it in developing in the market. Following advances are to be followed while following the SAF system: •Step1: Current organizationposition:It is significantthat the present situation of organization is examined by utilizing BLS investigation, BCG network and BEP examination with the goal that the income and benefit created by organization can be determined and the system of development can be detailed by the organization. •Step2: Outside condition: So as to deliberately grow in showcase it is significant that the outercomponentsinfluencingbusinessarebrokedownutilizingPESTLEinvestigation, Watchman's five powers and so forth with the goal that the elements that can adversely influence development procedure can be dissected. This will help the organization in taking proper activities to limit the negative effect(Hendrischke and Li, 2019).
•Step3: Interior capacities: It is significant that the inward capacity of business is dictated by breaking down its assets with the goal that its capacity to extend can be resolved. VRIO, SWOT examination and so on should be possible so as to investigate its inside capacities. •Step4: Recognize key issues and openings: The issues and openings present in market ought to be investigated so powerful moves can be made that can help in increasing a serious edge in the market. •Step5: Proposals: The moves that can be made by organization with the goal that it can deliberately extend can be figured in this progression so the execution of methodology should be possible which can help the business in accomplishing its objectives DETAILED PLAN OF ACTION Aim and Objective Withtheanalysisofaboveresearchmarketitisidentifiedbyorganisationand management of Parent paradise that it evaluated currently organising all market of UK(Englund andBucero,2019).Moreover,worldeconomyfrompastmonthsisreducingbecause management face challenges due to implement of modifications in policy of Brexit. This result all European nations and its business houses face problems to manage its business whether small or large. Along with this management is facing challenge due to international change. In simple from it is impacting all persons to manage its work for enhancing its work area along with this management determines for completing its task and operations in proper manner. According to the objective of organisation management determines to look for increase in market area through looking appropriate section for increase in market that match with objective of organisation. Moreover, objective of report that relates with develop an appropriate action of plan through making stable options that stabilize market area for company. Therefore, with implement of an appropriate plan management of parent paradise enhance its action that is used as a stronger action for formulating a competitive edge in market(Gabrielsson and Hasan, 2019). It results organisation globally manage and increase its size to work and manage specific task that leads to gain top position in UK and main aim for management is used for increasing goodwill of organisation effectively.
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Risk assessment Risk assessment and management work as a basic factor which impact on organisation at each and every stage. This refers that each phase for organisation considers to leads as an essentialtaskfororganisation.Itundertakesindividualareperformingitsworktogain knowledge in order to complete all task as an appropriate idea with in market. Moreover, each phase or action relates with management risk due to which its objectives of organisation are impacted(Damoah and Kumi, 2018). Moreover, organisation are of different size that is used to develop work which increases risk aspects that transfer risk for functions and operations in market. There are different types of risk and assessment. Management, according entity place risk respective types and work according to which entity that generates effective results. All different types risk that are associated includes different types of risk aspects that bring better results. In last, to develop an effective and right plan Parents paradise works as an organisation that develops important stage for different steps that are mention below: ď‚·Risk assessment-It is a first stage in which evaluation of risk conduct executive member of organisation. According to this step risk evaluates its likelihood and their impact on certain risk which generates certain attributes for organisation to assess risk aspect. All this stage of risk assessment undertakes a depth analysis to deal with motivation of risk. Here, all participants conduct research to analysis present and future impact that is used for generating operations revenue and profits units for parent paradise. ď‚·Risk rating-The second stage which is related with risk assessment and management concept identify and assess risk rated according to impact of different factors on organisation(Cunha, 2018). Existing and future action generates risk rating stage in which risk are identified to locate particular risk and its types. Major risk which is faced by management is low motivation of workforce and the assessment of reducing work performance determine management is due to no involvement of employees in organisational work and performance. ď‚·Prioritizing risk-It is third and last stage of risk assessment process according to which impact and serious of risk are prioritised that make appropriate action for minimising risk phase in order to influence operations of organisation. Currently Brexit and reduce of participants of employees generates challenge for parent paradise to
complete all work as their areas to leads work performance and it is impacting on goals and objectives. Further, prioritise of risk generates areas that leads to gain competitive edge in market. Stakeholder analysis The term stakeholder analysis refer to a process as well as a procedure that is used for identifying all individuals which holds and support decision making of organisation. The term stakeholder analysis determines that work is performed to align all objectives of stakeholders that match with organisational plans(Collins and Butler, 2019). Along with this management reflects various persons that analysis different issue and conflicts which is impacting on issue of organisation. Moreover, it is an essential analysis that is conducted by Parent paradise that influences market area. With power interest and grid model management analyses stakeholder perspective which is mention as below: Power interest Grid With this model of stakeholder analysis management divide its work as per four quadrants which is used to highlight different aspect of stakeholder. Moreover, all part of organisation divide its work according to power and interest model of operations. ď‚·Highpowerandlowinterest-Accordingtothisstakeholdertype,government authorities are consider as perspective of educational institute. From perspective of parent paradise, government are low interested in work and operations but they hold high power such as to modify time and rules for children education. Moreover, due to different variations in seasons management generates problems of staff such as late coming for office. ď‚·High interest and high power-Manager of parent paradise fall in this category and they holds supreme power to generate decisions for organisation. It refers that for making decisions according to right entity all decisions that are managed by organisational manager on self-basis(Bull and et.al., 2016). ď‚·Low power and low interest-According to this category, staff members consider their work through approach of low power and low interest. This not interest in decision making and also not interested in profits or power decided by parent paradise.
ď‚·Low power but high interest-In relevance with parent paradise, parents of all children undertakes work as per this category. This refers that members are high interested but with this authority for making decisions is not included and hold by organisation. Action Plan COMPANY OVERVIEW Parent paradise is operating its business in educational industry and they provide services to children as a soft school that is increasing its work area through providing right and effective education soft skill to children. Moreover, all educational institute are competing with each other for providing right knowledge to small children for managing and completing all work as per their time. Along with this school hiring are also included in this aspect for arranging different resources about management that is used to solve all problems and resolve work methods for promoting business aspects in an organised and systematic manner that is welfare of children (Amelec, 2015). VISION Parent paradise performs all of it task to enhance number of students in order to gain top position in market. As future goal for organisation is used to enhance and expand its size for entering into whole educational industry of UK. MISSION ToaccomplishvisionmanagementofParentparadiseconsiderthatalltaskand operations which is performed must generates better outcomes for organisation. This result organisation is able to response for all challenge that generates issue to attain top position in market. Objective ď‚·To attain top position in market within a period of six months. ď‚·To increase company profits with 30% through increasing sale of its services. ď‚·To improve sale by utilising effective market techniques that is used for increasing its market area. Strategy With analysis of overall economy factors management analysis Brexit and international slow in market generates long term challenges for organisation. This is also impacting on management and all work that consider for formulate of strategy as per current market refers that
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all market penetration strategy is most effective for organisation to complete its work in proper manner. Along with this the theory suggest that management is impacting on work goals through internationally increasing market area for organisation. Moreover, it is a suitable theory for organisation which suggest services must manage work as per enhancement of different charges which suggest to earn more livelihood for all individuals. Moreover, all experts which are involved in organisation must go through to fulfil needs of individuals in effective manner. moreover, this situation suggest that market penetration strategy is suitable as it helps to evaluate and gain top position in market. STP Segmentation-This technique is used by management for dividing market into groups that adopts similar needs and share similar characteristic. Segmentation is done for evaluating behaviour of individual that helps to understand work as per society population among which organisation perform their work to deal in an effective manner. Moreover, segmentation is done as per four ways that is demographic, behavioural, psychographic and geographic. Parent paradise segment its market through geographical segmentation method because it helps to accomplish vision that is to attain top position in local market by increasing its size. Targeting-With this step management done all of its work through identifying different segment for organisation. In these a particular group of individual is target for satisfying needs and wants of individuals. The main target customers for parent paradise are domestic individuals which leads to gain competitive advantage in existing market. Moreover, it is easy to local parents for getting admission of their small children in Parent paradise. Positioning-The term position strategy highlight technique and tools that is used for entity and spread awareness aboutorganisation for developing positive image in an organisation. this also leads to utilise all operations in an accurate manner that helps to lead life for existing new and potential work to complete all work as per digitalisation method. Moreover, it also helps organisation for reaching larger marketplace which generates better and large customer base through formulating positive perception about work and services provided by parent paradise. Particular31/12/1931/12/2031/12/21 Technology cost10000-1000 Advertising expense800050006000
Marketing cost700065004000 Catalogue10005003000 Seminar cost800080008000 Total Cost340002000022000 CASH FLOW Particulars1styear2ndyear3re year Capital required7800900015000 Loans6000700010000 Retained earnings550065007500 TOTAL193002250032500 MARKET OUTLAY Promotional expense8800800013500 Distribution expense400074009500 Publicity5500125008500 TOTAL183002790031500 CONCLUSION The above report is written from perspective of business consultancy that provides professional service to other institutions for completing all work in proper manner. This assignment summarise for obtaining competitive advantage in market and industry that leads to evaluate and analyse external environment as well as internal environment. In order to utilise this properly management implement PESTLE and SWOT tool are used to acknowledge and conduct proper market research. Ansoff matrix is also developed for adopting and implementing an imperative study about macro environment that understood better results. Along with this by evaluation and assessment about market needs and wants it is easy to develop plan that enable organisation to associate and enable those aspects that provides right information for formulating
right and effective plan about business and its conditions. It helps to enter into market with an appropriate knowledge and resources to capture more market area.
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