Business Consulting: Issues and Analysis of LSST and FSB
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Added on 2023/06/14
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This report analyzes the issues faced by LSST and FSB in terms of recruiting staff, changing demand of audience, and high competition. It also includes competitor, market, and external analysis.
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BM561 Business Consulting
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Client 1: LSST and the issue of the client....................................................................................3 Targeted audience........................................................................................................................3 Market..........................................................................................................................................3 Competition analysis....................................................................................................................4 External analysation.....................................................................................................................4 Top three issues along with the justification................................................................................4 Client 2: FSB and the issue of the client......................................................................................5 Targeted audience........................................................................................................................5 Market..........................................................................................................................................5 Competition analysis....................................................................................................................6 External analysation.....................................................................................................................6 Top three issues along with the justification................................................................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Business consulting refers to the group of professionals that observes the issues of the clients and provides them the set of solutions (Pruthi, 2021.This report will illustrate the issues of the two clients and those are London school of science and technology and Fairfield school of business. Along with this, the report will conduct the analysis of the competitors, targeted customers and external environment in relation of the client issues. MAIN BODY Client 1: LSST and the issue of the client The London school of science and technology has the four campus. The college has approximately 4000 students. The organization is ensuring the courses related to the business and management, health and social care & related to IT. (Dittmar, 2019).The organization has a keen focus over providing the vocational education and insisting students to enhance their learning. The major issue of the client is that currently, the college is focusing on changing their academic course. And therefore, the qualified staff which is consists of professionals is needed. The HR manager of the organization is the client who is facing problem in recruiting the staff. Targeted audience The targeted audience of the client is the students that wants to increase their academic values and focusing on experiencing the effective teaching. The LSST has targeted those students who are highly focused about studies (Patterson, Griffin and Hanson, 2018).They have selected the behavioral segmentation in order to determine their targeted audience. As the behavioral segment includes those students who are concerned with the habit of focusing over studies and experiencing education in effective terms. Market In terms of capturing the market share the focus of the client is on the professionals that are needed in order to handle the changing courses in the organization. As the LSST is planning to change the portfolio. Therefore, the organization need to make a focus over the qualified staff so, they can teach the courses to the students. The HR of the LSST is focusing over the capturing the market base full of qualified staff with the help of digital marketing.
Competition analysis It has been found from various studies that currently, LSST is one of the leading organization that runs their business in the market in effective manner. And even the college is using the strategies of curriculum development which is enabling them to make superior from their competitors. But, there is a threat to the organization for future in terms of hiring the staff (Musselin, 2018).As the competitors has already adopted the effective hiring strategies. This may further leads to create the threat for the organization. External analysation Here are the external factors that affects the LSST: Political-The political factors determines the fluctuation in the policies of the government that affects the organization. LSST comes under the educational department. The government puts major focus over the education centres. And takes large number of decision for them. For example: Policies related to using fair teaching and learning techniques has to be assure by the college. Otherwise, it impacts the organization. The courses that has been designed by the educational ministers has to be used by the college. Economic-This refers to the economic factors that affects the school. The decision of the state and central government regarding the funding can affect the LSST. Also, the college is planning to hire skilled staff.Therefore, the college has to perform all the activities of teaching led interventions. Otherwise, it leads to bear up heavy penalties. Social-The social factors are related to the customers. The customers for the LSST are the students and their parents. Change in the demand of the students regarding the courses and learning preferences can highly impact the college. Therefore, the college is planning to introduce new courses (TRETYAK and ET.AL., 2019).Maybe there is a possibility that students find these courses difficult. Thus, there is a requirement for appointing the skilled and qualified professionals that can make learning easy and effective for the students. Technological-LSST uses the effective technology in terms of assuring the education to the students. Any change in the technology can lead to create the risk for the college. Highly professionals are needed in order to maintain the technology and assuring the effective use of the technology. Top three issues along with the justification From the above analysation the top three issues are:
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Issue related to recruiting and selecting, As the organization is changing their course therefore, they need qualified staff. But, from the analysation it has been found that it is hard to approach the professionals as this gets affected by many factors. Changing demand of audience, from the analysation of social factors it has been found that the students and their parents are highly focused about the courses that are adopted by the college. In case, the targeted customers did not like the new portfolio then there is the high risk for the LSST. From analysing the competition, it has been evaluated that the competitors has already adopted the effective hiring strategies. This may act as a barrier in the hiring process of the LSST. Client 2: FSB and the issue of the client The fairfield school of business is one of the community based college located in the Croydon. The organization focus on providing the effective learning to the students. The school has adopted the teaching intervention techniques in order to ensure the effective learning to the students (Cavico and Mujtaba, 2018.The dean of the school found that currently, the education organizations are introducing new courses and the competition is increasing on a higher note. Increasing threat of the new entrants in the market is affecting the teaching-learning environment of the school is one of the biggest issue that is facing by the organization. It further affecting the marketing strategies of the school. Targeted audience The targeted audience of the FSB are those students who wants the opportunities of learning and does not getting the opportunities of learning. Therefore, the FSB is targeting such students that found difficulties in learning and wants the different kind of learning patterns. Market In order to capture the large base of students and ensuring them vocational learning. The FSB is using the digital market platform. So, they can interact with such students who wants the opportunities in learning.
Competition analysis As FSB is the small organization. Thus, the school has to deal equally with the small and large organizations. In this case of client there is a huge competition (O'Neil and Richards, 2018).As there are large number of educational centres that are focusing over the increasing the learning opportunities for the students. Therefore, there is a high threat of competency for FSB and effective strategies are required in order to face the completion. External analysation Here are the external factors that affects the FSB: Political-The policies of learning that includes adopting the fair learning techniques is a threat to the FSB. As providing opportunities comes up with large number of responsibilities. Economic-The government has determined specific funding policy for the small organization thatadoptsthecurriculumdevelopmentpractices.Ifthebudgetexceedsmorethanthe availability of fund then it creates threat to the organisation. Social-The students and parents highly impacts from the type of vocational learning that has been adopted by the school (Aggerholm, Standal and Hordvik, 2018).Any change in the demand of the students and their parents can lead to provide the heavy impact over the FSB. Technology-FSB is a small organization and it has adopted the concept of providing the vocational education to the students. There is numerous threat to the school that included, high budget, skilled staff, risk of technology failure and so on. Top three issues along with the justification High competition in the market is the first issues. As the organization wants to adopt the vocational education. But, already there are many schools that has adopted this and further focusing on adding effectiveness on it. High budget is the second issue. As the new learning opportunities involves the new technology and this leads to high budget (LEYVA and ET.AL., 2018).Themarketingstrategiesoftheorganizationishighlygettingaffectedbytheir competitors as the competitors are introducing the new portfolio as well along with ensuring the effective learning.
CONCLUSION From the above report it has been concluded that there are various factors that results in generating the issues in the education department. Also, it is important to analyse the factors that can increase the risk of the issues. The report has shown the problems of two clients. Further, the report has conducted the competitor, market and external analysation of the client's issues. Lastly, the report has shown the top three issues that are deriving from the main issue of both the clients.
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REFERENCES Books and Journals Aggerholm, K., Standal, Ø.F. and Hordvik, M.M., 2018. Competition in physical education: avoid, ask, adapt or accept?.Quest.70(3). pp.385-400. Cavico, F.J. and Mujtaba, B.G., 2018. Teaching law, ethics, and social responsibility in a school of business: a value-driven approach to leadership and sustainability. Dittmar, J., 2019. The Economic Origins of Modern Science: Technology, Institutions, and Markets.London School of Economics. LEYVAandET.AL.,2018.AframeworkforPESTanalysisbasedonfuzzydecision maps.Revista espacios.39(16). Musselin,C.,2018.Newformsofcompetitioninhighereducation.Socio-Economic Review.16(3). pp.657-683. O'Neil,K.andRichards,K.A.R.,2018.Breakingfromtraditionalism:Strategiesforthe recruitment of physical education teachers.Journal of Physical Education, Recreation & Dance.89(2). pp.34-41. Patterson, F., Griffin, B. and Hanson, M.D., 2018. Opening editorial: selection and recruitment in medical education.MedEdPublish.7(4). p.7. Pruthi, S., 2021. From a One-Man Consultancy to a Global Business Empire Connecting Back Home: The Case of Purico Limited. InIndian Entrepreneurship(pp. 99-124). Springer, Singapore. TRETYAK and ET.AL., 2019. Innovative development of higher education institutions in the context of competition and network cooperation.Revista Espacios.40(31).