This report discusses the challenges faced by London School of Science & Technology (LSST) and Fairfield School of Business (FSB) and the areas of importance to the clients. The top three issues faced by both clients are also discussed in detail.
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BUSINESS CONSULTING
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Detail pertaining to the client and the problem it has been suffering..........................................3 Areas of importance to the client.................................................................................................3 Top three issue face by client......................................................................................................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................8
INTRODUCTION Business Consulting is firm that provide several advices to the client pertaining to the manner in which the problem can be resolved and it can achieve the desired goals in set time frame. They mainly work to resolve all the major issue face by company while operating its business in external environment. This report is based on case study of two organisations namely-London School of Science & Technology (LSST) and Fairfield School of Business (FSB). It has covered key details pertaining to client, the problem faces by it, areas of improvement that client might need and top three major issue face by the client. MAIN BODY Detail pertaining to the client and the problem it has been suffering The first client of our consultancy is “London School of Science & Technology (LSST)” college that have four campuses in academic sector. Currently the organisation is planning to introduce a new course for which it will be requiring more qualified employees or staff that are ready to work for growth and expansion of firm (Nissen and et.al., 2019). Hence, in short it is facing issue in response to identifying the way of recruiting qualified staff that have completed knowledge pertaining to the course. Second client to whom consultancy services will be delivered is “Fairfield School of Business (FSB)” that is facing challenge of increase level of competition in academic sector and the way it can be eliminated for better outcome.Such as LSST is coming in one of the biggest colleges in UK and there are many other new entrances in UK so it acts as threat to smooth operation of business in external environment (Perales Vallejos and et.al., 2019). Hence, it is facing issue pertaining to college’s current segments and introducing addition in the course portfolio of college for reducing competition. Areas of importance to the client The problem that is face by both the client named as Fairfield School of Business (FSB) and London School of Science & Technology can be breakdown and important areas can be presented. Such as: 1.Its competitors: With increase in demand of student to get education from well reputable university or organisation, number of companies has started entering into the industry to
have huge market share and more profitability. They have planned to entered the educational sector will be launching of new course that could be offered to student for enhancing their existing key knowledge and capabilities. In context of the LTTS, the competition is medium, as there are number of new entrances coming into the market on regular basis that acts as tough competition for the organisation (Burgos and et.al., 2021). In addition to this, LTTS because of more experience, strong brand image in market have opportunity to easily compete with other organisation, by improving the hiring strategies to have qualified employees. While, it can be stated that for FSB, LTTS is one of the biggest rivalry that is providing range of services to student so that they can have better education. Along with it, for FSB is small firm and there is huge competition present in market, thereby it has to find out alternative method that could be used to attract more student for earning high profit margin. Hence, it is becoming difficult for the FSB organisation to effectively deal with its existing competitors to grow and survive in market as they have more resource, brand image and capabilities to attract and retained customers. 2.Target market:This is factor that describe about the group of individual that is planned by company to target in order to delivered its services and earn desired revenue. Both the company have targeted their market on the basis of their respective objective that has helped it in inducing more number of student to be part of organisation as compared to other alternative. Likewise,the case study has helped in learning that the target audience of LTTS is wide as comparison with FSB. Company is planning to target student that are coming at college to take notes given by lecturers and attained program for improving their existing knowledge and skills (Benazic, 2021). Furthermore, LTTS is private huge organisation so its main motivate to attract range of student to earn high profit margin and sales revenue. Fairfield School of Business (FSB) is focusing on vocational learning programs, so it is planning to target student that want to get opportunities to learn and get better employment in future circumstances. In another words, it has decided to target student that are able to regularly take classes and want to create a bright future ahead. Therefore, FSB will target market is all the student that are not getting opportunity of learning.
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3.Influencing factor from external environment:It can be stated that there are range of issue face by company while operating its business in external environment, as it is ever changing in nature. Such as, policies of government, demand of customers, technology and many other factor keeps on changing therefore, it is necessary for company to adapt itself as per external situation to grow and success ahead. LSST operates its business in four different markets named as Wembley, Elephant & Castle, Luton (London) and Aston (Birmingham) that have different culture, trends which may impact on smooth operation of business. Likewise, currently the firm has decided to expand its course portfolio with an motivate to attract and handle diversified student to earn maximum number of profitabilityandmarketshare(Simbolon,2019).Companyhavealsofocusedon recruiting highly qualified, talented employees that have capabilities to effectively handle diversified students as they expand their course portfolio.On the contrary, it can be stated that the Fairfield School of Business have small market share so it has make use of digital channel to connect with range of customer’s in effective way. This has provided opportunity to the organisation to reach maximum number of student in minimum cost and time frame. Effective tactics and techniques has helped company in easily retaining maximum number of customers within the organisation for more time frame. Hence, it can be summarised that digital technology trend in external environment has acts as opportunity for the firm to induce large number of customers. Top three issue face by client From the above analysis, it can be interpreted that there are range of issue which has been faced by both the university while working in educational industry. The top three issue face by both the organisation can be explained in detailed as follows: LONDON SCHOOL OF SCIENCE AND TECHNOLOGY (LSST) 1.The company is facing challenges in recruiting or hiring qualified employees that are ready to work for launching new course that could contribute in attracting more number of student to come and have better educational facilities. Lack of knowledge pertaining to appointment of appropriate qualified employees has lead challenge for the organisation to have desired candidate within the organisation (Liu and et.al., 2020).
2.Furthermore, the study has contributed in learning that it is facing challenge pertaining to promoting credible employees that is well recognised and trustable that are highly influenced to work for benefits of the organisation. HR manager is not able to recruit right individual at right place that have capabilities to effectively complete the task in manner the organisation wants. 3.It is not able to identified the effective way in which employees can be recruited within the firm so that all the operation related to launching of new course can be accomplished to make student happy and satisfied (Kohne, 2019). Likewise, it is not able to decide whether to make use of social media channel, implement referral program or any other method to contact with highly qualified staff. FAIRFIELD SCHOOL OF BUSINESS (FSB) While, there are three common challenge that has been face by Fairfield school of business such as: 1.It is not able to effectively conduct environmental analysis in order to docollege’s current segments. Such as, it is finding challenge in understanding about what is happening in external environment and the way it could be impact on organisation. This has lead challenge for company to effectively segmented group of individual for its overall growth (Mast, 2020). 2.Secondly,increasingcompetitionineducationalsectorismajorchallengeforthe organisation as company such as LSST have huge market share and experience as compared to it. Hence, it is facing in threat of smooth operation of business. 3.Furthermore, it can be stated that FSB is facing issue pertaining to introduction of new course portfolio for the college that could be used to expand its business operation and achieve the set objectives. CONCLUSION From the above report it can be concluded that the consultancy company contribute in finding or advising proper solution that could be used by firm to stay ahead in competition for
many years. The study has helped in understanding that LSST and FSB both are facing major challenge as increase competition level in external environment.At last it can be summarised that both LSST and FSB can resolve their issue through conducting market analysis, introducing new course through having qualified employees.
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REFERENCES Books and journals Benazic,D.,2021.THEROLEOFSERVICEQUALITYINSELECTINGBUSINESS CONSULTINGPROVIDERS.EconomicandSocialDevelopment:Bookof Proceedings, pp.24-32. Burgos,J.M.Candet.al.,2021.BusinessConsulting–MolitaliaSA(Doctoraldissertation, Pontificia Universidad Catolica del Peru-CENTRUM Catolica (Peru)). Kohne, A., 2019. Target Market. InBusiness Development(pp. 75-84). Springer Vieweg, Wiesbaden. Liu, C.H., Chang, A.Y.P., Horng, J.S., Chou, S.F. and Huang, Y.C., 2020. Co-competition, learning, and business strategy for new service development.The Service Industries Journal,40(7-8). pp.585-609. Mast,E.,2020.Racetothebottom?Localtaxbreakcompetitionandbusiness location.American Economic Journal: Applied Economics,12(1). pp.288-317. Nissen, V and et.al., 2019. On the current state of digital transformation in the German market for business consulting. InAdvances in Consulting Research(pp. 317-339). Springer, Cham. Perales Vallejos and et.al., 2019. Business consulting-Hialpesa reducir el reproceso de teñido de tela en la unidad de tintorerĂa. Simbolon, A., 2019. Prevention of monopolistic practices and unfair Business Competition through business Competition Supervision.Journal of Legal, Ethical and Regulatory Issues,22(1). pp.1-7.