This project study focuses on providing effective analysis and presentation in fields of consumer interest for Regents Group London. It identifies the major issues that the organization is facing and sets priorities for improvement.
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INTRODUCTION Business consulting relates toboth marketplace or industry/sectorand toprocess of helping companies enhance their existingperformance, mainly by systematically analysing existing business challenges and developing improvement strategies (Arno and Goncharova, 2017). The project study is mainly covering Effective analysis and presentation in fields in consumer interest like; competitors, targeted consumers, industry and external influencing variables in context of selected client i.e.Regents Group London. Further based on analysis, report identifies top three major issues that respective organization is facing and setting priorities by ranking. TASK 1. Overview ofRegents Group London: RegentsGroupLondonisscorporationthatoperatesandmanageseducational institutions, universities, schools, training centres and preschools/nurseries. Italso provides advisory services topublic as well as private fields. Regent Group also providing high-quality education and training to so manystudentsfor about 18 years. Regent College London is member ofRegent Network, which is located innorth-west of theLondon. This Group was formedinyear2000inthenameofRegentCollege,London,asindependent secondaryschoolingorganisationandsixthincollegesituatedinHarrow.Acrossthe years,company expanded into additional schooling, secondary and sixth schooling, nursery and formed its higher learning unit in year2010 (About us: Regents Group London. 2020). It encourages an integrated more forward-looking atmosphere and aims to make sure that everybody taking part in university education is participating in decision making, isresponsible and isrespected or valued. Problems that Regents Group London are facing: UK provides world-class education andstrong reputation internationally as well as a wide overseas presence in this field. In UK competition in this sector is very tuff and organization like Regents Group which have strong presence in this sector is also facing challenges. Consideration and analysis of challenges faced by organizations is essential to overcome such issues and achieve financial and organizational targets. In this regard following are several issues that Regents Group is currently facing, as follows:
Brand Awareness: This one of the major problem due to increasing competition which Regent group is facing which lead to decline in popularity of group in the sector. Comprising different learning centres under one name:Regents Group is operating its different centers for all age of children even in higher education, which leads to confusion and ambiguousness for potential service receivers. Changes in the External Market: with technological, economical and working changes the entire external market environment in this sector is changing rapidly so adapting such change quickly is major issue for group. Local Partnership - Partnering with local schools, colleges and nurseries: Group is contently trying to enter into local partnership for expansion of business but due to tuff competition and lack of effective policies this task is so complicated and resulting in failures (Brice, Katzenstein and Norman, 2019). Social Media Marketing: Group’s social media marketing strategy is not so much effective which is leading to competitive disadvantages for group. Online Marketing: Company is also facing issue regarding adaption and implementation ofeffectivestrategyforonlinemarketingduetowhichorganisation’soverall performance and popularity graph has been declined over the year. 2. Critically analysing and presenting areas of importance to Regents Group: In order to deal with different problems, Regents Group should focus on some key areas and critically evaluate the significance of such areas in relation to organization. Here following is analysis of major areas, as follows: Competitors: A competitiveanalysisis an organizationalpracticein whichkey competitorsare identifiedand their services, distributionand marketingmethodsinvestigated.Thishelps companies to develop effective competitive plans to overcome their rivals. In the regards of Regents Group, this analysis is essential to deal with above discussed issues. Regents Group has three major competitors: •Learning TreeInternational:Learning TreeInternationalisthe world'stop itand managerialconsulting provider for businesses and governments. Learning Tree provides instructor-led, class roomorientedtraining courses which range in period from 1to 5days and that could be undertaken online or offline. In addition, Learning Tree offers IT
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Workplace Management Approaches — a new methodology that enhances knowledge growth and speeds up the execution of the technological and business procedures needed tofacilitatedeliveryofITservices.Withintegrationofeducationwithmodern technology company is giving tuff competition to Regents Group. •Bright Young Things: It provides a comprehensive arrayof tuition as well as educational assistance around London homes,high street tuition centers and all around the world. This also provide digital platform for leaning and education, being an online platform, it has covered wide market areas in this sector and emerged as top competitor for Regents Group. •Stanmore College: It is another major competitor of Regents Group in UK. The College provides a variety of support tostudents, an outstanding experience including top-class education from highly experienced staff. Collegeprovides education to youth as well as high school students primarily across theBrent, Harrow, Hertfordshire and London. With wider resources and experience in this sector it is one of the top rival/competitors of Regents Group. Target customers/audience:The corporation has approached all the category of learnerswho haveneeds to explore the latest learning opportunities using contemporary learning aid. In this regard following are key target audience for Regents Group, as follows: StudentsorLearners:Thesearecollege'sprimarytargetedaudience.Theprimary objective of re-launching collegesis to maximize student numbers by merging three distinct parts ofbusiness. The marketing team/divisionmust devise various approaches to supportcollegesothatsignificantnumberoflearnersandtheirrelativescanbe encouraged to be informed ofre-launching programs (Aaron, J.R., 2018). Management: The college authorities involved in planning, coordinating and overseeing all operations to meet Regent Tutorial College's objectives and ambitions is known asmanagingauthority. They must devise appropriate plans for proper control of all of the operations. Marketing team: The marketing teamhave the principal task of formulating successful marketing strategies. Their surveys and researches are base for formulating strategies. Market:For the integration and incorporation of schools and universities, appropriate market analysis is needed, as they act asprimary target segment. Regents Group's current brand
reputation can be beneficial in ensuring that the organization can create a good relationship with college interested parties throughout the phase. Partnerships open the ground for successful business development, while efficiently ensuring customer engagement. Group should make partnership with new technology based educational start-ups and organisations. Students of varying ages and backgrounds are treated as targetedcore audience incontext of the Regent TutorialCollege.RegentCollegeLondon'snewlineoflearningcentremayensurea broadrangeoflocalinvolvementthroughcollaborationswithlocalorregionaleducational institutions, universities, and nurseries (Thompsons, 2018). Other external environmental factors: Here are several serious changes in external market and environmentswhich can adversely affect the operations of Regent Group in form of Pestle analysis, as follows: PoliticalBrexit Effects CoronaViruseffectslike school/universities closures Updatesinconditionsand qualifications for becoming a tutor. EconomicalGovernment founding changes Interest rates Accessibilityofjobsinthe education sector is very poor. SocialLanguage barriers Untrainedstaff:theydon’tknow howtodealwithdifferent learners/students RapidincreaseinuseofSocial networking. TechnicalRapidchangeintechnological requirementfieldlikeonline teaching and courses. IttakestimetoemploynewIT technologies (Lee and Seo, 2018)
LegalModificationsineducational establishments'open hours Non-compliance threats can emerge through new legislation EnvironmentalParking layout around schools. Increasing use of papers. Modificationsinlocal transportationsaccordingto environmental issues. 3. Based on analysis top 3 major issues and their ranking: 1.BrandAwareness:Safeguardingbrandawarenessinthecurrentmodern eraofglobalizationis quite critical for thriving incompetitive environment. As Regent group is facing this issue which not only affecting its market share but also its revenue. Group should formulate effective marketing strategy based on the competitor’s actions andmarketresearch.Therefore,withtheimplementationof effectivemarketingstrategy,client's issues of loss of brand awareness can be easily counteracted.Itshouldbenotedthatthereareavarietyofcorporationsthat areusingsocial media sites for their marketing operations. Hence powerful market rivalry shouldbe observed in this respect. The current brand reputation can be valuable in ensuring that the organization could create a better relationship with interested partiesin thetransition.Nonetheless,thoroughmarketanalysisisneededforschoolsand universities to be included, as they function as the central target audience in this case. 2.Social Media Marketing:In present market environment, social media marketing is emerged as essential need of business. In education sector this is more useful as the most of the learners and students are on social media platform. Regents Group is facing problem in formulation of effective social media marketing strategies and implement it accordingly. Due to this company’s position in market place is decreasing and unable to attract new learners/students. Market research can help organisation in finding out innovative marketing campaigns and strategies to attract more learners and students.
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3.Changes in the External Market:Keep watching and insights over the latest changes in external market is crucial as to achieve targeted growth and retain market position. As discussed above in analysis consideration of external market changes/factors is necessary for achieving targets and survive in industry. Avoidance of such changes may affect business operations adversely and may put question on survival of organisation in long- run. CONCLUSION Form the above analysis it has been articulated that business and market analysis is crucial for sustainable growth in business. This identifies key areas of focus and competitors which may affects or influence business substantially.
REFERENCES Books and Journals: Arno,A.andGoncharova,A.,2017.NEWMARKETINGAPPROACHINBUSINESS CONSULTING.Economic and Social Development: Book of Proceedings, pp.937-944. Brice, W.D., Katzenstein, J. and Norman, T.J., 2019. Consulting Higher Education in Africa: A Strategic Case Study.International Review of Entrepreneurship,17(1). Aaron,J.R.,2018,March.ExperientialLearning:TransformingStrategicManagementto StrategicBusinessConsulting.InDevelopmentsinBusinessSimulationand Experiential Learning: Proceedings of the Annual ABSEL conference(Vol. 45). Thompson, K., 2018. Evidence for Applying Contemporary Gestalt Theories to a Business Consulting and Executive Coaching Practice.Gestalt Review,22(2), pp.249-263. 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. Online Aboutus:RegentsGroupLondon.2020.[Online].Availablethrough:< https://www.regentgroup.org.uk/who-we-are/>