This presentation discusses the issues faced by LSST and FSB in the education sector and provides recommended solutions. It covers topics such as competition, target audience, scope of the market, problem identification, and skills and experience of members.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
BUSINESS CONSULTING
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
INTRODUCTION PROJECT 1 •The project is based upon the London School of Science & Technology (LSST) which is a privately managed college in Academic sector. In the current situation, the firm has around the 4000 students who study in it. •Further, the presentation will describe the issue which a firm needs to be address and describe the competition and target audience as well as scope of market. •Further, PPT will describe the problem which is identified through the company’s background and IT background etc.
COMPETITION Through the company’s working environment, it is analyzed that College is facing issue with its new entrants, as it is one of the biggest colleges in UK. But from last many years, new entrant into the market is consider as a biggest problem for LSST. On the other side, company needs qualified and experience staff members so that they provide the best services to their customers. Further, LSST also decided to explore the potential new market through providing advance techniques to their students. Through its IT project plan, it is also analyzed that there is a strong competition in the market if it start offering online education to their students.
TARGET The company’s target audiences are school pass students and high profile families, who can afford the college fees. It is so because as company is start focusing on investing into the advance technology and that is why, there is a need to target the people who can afford the fees. On the other side, by analyzing the competitor’s strategy the company will easily invest and develop strategy accordingly. This will assist to provide best service to their students and sustain the brand image at international level. Target audience Parents Post Graduate students
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
SCOPE OF MARKET There is a huge market scope in the education sector because it is not limited to the classrooms. But it cover the whole big scope for the provision off the side services such that advertising, marketing and public relations. In the same way, as per the current situation, LSST also have a brand image at international level and it is also looking forward to invest into new segments such that online classes, Distance learning programs etc. This is clearly shows that there is a wide scope in the market because it helps to provide the best returns in future.
PROBLEM IDENTIFICATION High competition Issue in recruitment strategies Marketing issue IT issue Did not use advance techniques Marketing issueIT issue High competitio n Issue in recruitment strategies Not using advance technique
RECOMMENDED SOLUTION In order to solve the competition in market, it is recommended to the firm that it should conduct the environment analysis and also start offering new services and enter into new segments i.e. online learning and provide distance learning programs Inordertorecruithighlyskilledprofessionalsforcollege,itis recommended to use advance technique and application that assist to meet the define aim. Further, in order to minimize the issue of IT, LSST may start offering online classes to their students that assist to meet the define aim. Also, for marketing purpose, company should start promoting its new services to their students and may offer extra discount to their students like apply first come offers
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
THE COMPETITOR AND INDUSTRY REVIEW As per the global report, it is analyzed that UK report as 14thtop country in the education sector and it is also risen from 15thto 14thin Science. Further, under the primary education industry, there are around 26,500 schools in UK and this shows that around 93% of the education industry is filled with the primary sector only.
SKILLS AND EXPERIENCE OF MEMBERS While presenting this project, I analyse that I gain strong confidence and also develop an opportunity that helps me to meet the define aim. The overall experience related to the study is good because I gain knowledge related to education field in UK. Through this, I also develop my time management skills and this in turn assist me in my future profession as well.
INTRODUCTION PROJECT 2 Business consulting means engaged in business of giving expert opinion or advice to individual working in a specific sector. It is type of venture of providing the best suggestions to specific team of people. The current project is based on Fairfield school of business which is community based learning & knowledge provider. It was located in center of Croydon and considered as independent private high education organization. Furthermore, this presentation will explains problems whicha company needs to be determine and justified competition, scope of market as well as target market. Moreover, it will clarify suitable recommendations in context of identified problems.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
TARGET CONSUMERS To sustain with in specific sector is quite difficult for companies, but the more it he complex thing is gaining the attention of consumers who are suitable for products or services. Selecting a target audience is essential because it allow organizations to direct their existing resources to those people with high potential for sales progress, interest in particular goods and loyalty of brand. In order to enhance business growth and success Fairfield school of business college target teenage high school pass students who are finding the best college for further studies that save their professional career and allow them to get the better job opportunity. FSB is one of the best colleges in United Kingdom.
COMPETITION It is a complex situation in which two or more companies or people are trying to obtain something that not everyone can have. Throughout FSB institute working atmosphere, it is examined that college is facing problem due to intense competition within educational sector. Many new colleges are attempting to gain the attention of school pass students by offering new courses to them with affordable fees. College seeks to cater working environment that its competitors do not provide to achieve competitive advantages.
SCOPEOFMARKET The market scope within education industry was huge because it is not restricted to classrooms; it spread through online classes and educational services. It also covers wide scope for provision off side services such as public relations and promotion. The education sector enhances their practice rather than before they can use latest and modern technologies to cater their students the best knowledge. By developing IT infrastructure and hiring new candidates industry will grow more and more. Education sector in UK in which FSB operate is learning place in additional to that obtain higher score.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
PROBLEM IDENTIFICATION From above discussion intense competition is considered as FSB issue. They also face issue in context of promotional activities FSB another issues is hiring management is unable to hire new applicants. Poor specialist qualification among HRM that affect college performance. FSB was unable to utilize advanced education methods
RECOMMENDED SOLUTION Fairfield school of business (FSB) college in UK provide number of students a great education services with newly established teaching place in Digbeth, Birmingham. Institute face 5 different types of issues that may be impact negatively on its brand image, business strategies and profit margin more than past few years. To gain competitive advantage and overcome the first issue management had to develop the best plan and strategies. They must create friendly environment around campus areas where a lot of students enjoy their time with college friends. With this strategy they can retain individual with them for longer and block the option for switching to another institute.
THE COMPETITOR AND INDUSTRY REVIEW According to the international report it examine that United Kingdom is the best country who offer world class education courses to students come from different nations or states. UK in field of education industry set a global image and a build strong presence in global market. Their higher education institutions such as FSB and other amongst most prestigious and renowned in the whole world. Their early year’s schools and education providers cater international benchmarks for choice and safeguarding. It analyzed that biggest group of higher education learner in the world hosted by UK. The competition within education sector is high that influence overall sector.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
SKILLSANDEXPERIENCEOFMEMBERS From above discussion varied issues has been considered that may be not suitable and appropriate for FSB. I am able to solve all above problems occur within Fairfield school of business college as I have good research, communication and management skills. By using communication skills I am able to communicate with existing staff members to identify issue faced by them and also to understand the needs of individual. It can be said that research skills play vital role while conducting market research, I have goodinvestigationskillswhichmakemeabletoconductinvestigationaboutFSB competitors and gather data about their education related services to target market.
CONCLUSION From above discussion it has been concluded that LSST and FSB face different issues while operating their business within education sector. All the problems impact on both institutes and create barriers in their growth that is not suitable. But by adopting and implementing suitable solutions they can overcome all complex situations in effective manner. From above analysis it has been summarized that by considering above suggestions both firms can gain the attention of students and beat their competitors.
REFERENCES Bassett, L. and et.al., 2017.Equatorial Guinea Education Sector Diagnostic. World Bank. Lyon, A.R. and et.al., 2018. Assessing organizational implementation context in the education sector: confirmatory factor analysis of measures of implementation leadership, climate, and citizenship.Implementation Science.13(1). p.5. Morris, J. and Polese, A., 2016. Informal health and education sector payments in Russian and Ukrainian cities: Structuring welfare from below.European Urban and Regional Studies. 23(3). pp.481-496. Rauf, M. B. and Jabeen, R., 2019. The Role of Education Sector in the Development of Malaysia.Pakistan Journal of International Affairs.2(1). Schmidt, U. and Günther, T., 2016. Public sector accounting research in the higher education sector: a systematic literature review.Management Review Quarterly. 66(4). pp.235-265. Unicef, 2016.Climate change adaptation and disaster risk reduction in the education sector. eSocialSciences.