Business Consulting Overview - Marketing Portfolio Management
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Added on 2024/04/18
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AI Summary
Fairfield School of Business seeks consultancy from students to expand its course portfolio and gain competitive advantage in the market. Students will conduct research, propose new courses, and develop strategies to increase market presence.
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Business Consulting Overview Brief 1: Marketing – Portfolio Management and Market Presence This form is designed to give the students on this module enough information to understand your company and an overview of the project which you would like delivered. They will then be creating a pitch to ‘win’ your business as a consultancy team. The students will be available to you for a minimum of 3 hours per week each and they usually operate in teams of 5 students. This means access to 15 hours per week of talent – in exchange for a little guidance and mentoring from you. Please complete the form below. Each box is able to expand as you type to include as much information as you are able to include CompanyFairfield School of Business DepartmentMarketing Main ContactThis will be provided in class by the Module Lecturer Contact detailsThis will be provided in class by the Module Lecturer Second contactThis will be provided in class by the Module Lecturer Contact detailsThis will be provided in class by the Module Lecturer Background to company Fairfield School of Business (FSB) is a community-based learning providers located in the heart of Croydon, with a newly established teaching location in Digbeth, Birmingham. We are an independent, private higher education institution and we pride ourselves on offering a truly diverse and multicultural learning experience.In line with the growing demand of business orientated skills, FSB places a direct emphasis on providing vocational education for those with an entrepreneurial flair. Student fees are paid via the Public Purse and specifically via the Student Loan Company where students need to apply for eligibility. The college’s mission statement is: The School’s mission is ‘to provide a supportive and inspiring student experience that is inclusive, seeks to reduce barriers to learning and equips students with the knowledge and skills they need to progress into further study or employment’. Background to clients (person or persons with whom the students will have most contact) This will be provided in class by the Module Lecturer. Information to be made available to the students The senior management of the organisation has now decided to increase its product (course) portfolio and introduce in the next academic year’s professional qualifications. An assumption can be made that the College has the internal capabilities, but not necessarily the Human Resources needs for any professional specialist qualifications, such as ACCA or CIMA that may be adopted in specialist areas, should a proposal be made to adopt such specialist qualifications. On the other hand, although LSST is one of the biggest colleges in the UK in the
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segments it operates, in the last couple of years there have been numerous entrants to the point that the market is in danger of being proliferated by competition. Consequently the requirement of this brief is to receive a proposal as a result of research and relevant data collection in order to advise the senior management of the college on the merits of adopting and developing professional qualifications that competitors do not offer in order to achieve relative competitive advantage over competition. This will also enable the College to increase its market segments by entering areas with relative lower barriers to entry and attract more clients (students) having enhanced its products (course portfolios). Known project objectives at this point in time Undertake competitive analysis of (company) with emphasis on market positioning. Project tasks (subject to change) Conduct environmental analysis in the college’s current segments. Propose additions to the product (course portfolio) in relation to the current product offer of the college and in the light of the analysis conducted, so that the proposal of the additional courses on the portfolio is either not in direct competition with other providers or competition is relatively low. Deliverables – what do you expect to be left with at the end of the project? Market research report Clear strategies to grow market awareness and increase student applications Expectations of the client about the student team To be familiar with FSB business and brand To be able to place FSB within the industry To communicate effectively To deliver in a professional and timely manner Group formation What the student team can expect from the Client To communicate effectively and professionally To provide constructive comments Nominated university supervisor and contact details To be completed after project has been allocated. How much contact time and resources are you planning to commit to this project 3x Written Communication. 3x Face to Face or Webinar Meetings. What would you estimate would be the commercial value of this project if you were actually paying for it? Not yet decided. How likely are you to actually implement ideas presented to you? This is a ‘real life’ project that the management of the college is particularly interested in and should the data be meaningful and realistic, they will be considered by management. Legal issues Are all insurances in place for this project to proceed? Are there any constraints that may hinder progress? There are no particular legal and regulatory issues involved with this project. Consultants will not be permitted access to any data that is not already in the public domain.