Business Consulting: Issues Faced by Regent College London
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Added on  2023/01/11
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This business consulting report explores the issues faced by Regent College London, including lack of brand awareness, Brexit, and lack of personal development. It also discusses the competition from Lancaster University and University of Bath.
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Table of Contents INTRODUCTION......................................................................................................................2 Presenting the client and summarize the problem..................................................................2 Describing client in detail......................................................................................................3 Top three issue that client is facing........................................................................................4 CONCUSION............................................................................................................................5 REFERENCES...........................................................................................................................6
INTRODUCTION Business consulting refers to that situation, where the company wants to discuss the decision of the firm with other in order to determine the right path or direction. The chosen part is Regent 2020 Campaign which is the institution that provide independent education for students of all streams such that graduation and post- graduation. Also, in the same way, the current report will also help to provide the detail analysis of the company’s problem, target people and competitor and then provide top three ranking among all the problems. Presenting the client and summarize the problem Regent College London is the client and it faces many problem which are as mention below: Lack of brand awareness:It is one of the top problem which the company is faces such that the college provide the higher education and also diversify the operations in multi- campus in London. But the school is not having a brand image at international level and that is why, it cannot sustain the brand awareness at global context. That is why, company consider this as an issue. Brexit:Another issue of client which affect the financial performance of the company such that in modern era, company is carry out its operation which is regarded as a dynamic and senior position holder adopt the changes in order to make sure the success is attain (Nissen and et.al., 2019). But, due to Brexit, the company is not able to attain the define aim that is why, it affected the overall brand image in opposite manner. Like, students and parents are not ready to spend amount in the schools because of high fees. Low value of school program:Quoted College did not have a brand image and that is why, it faces issue of not having high value system in the school program. Therefore, it is stated that, from last many years after Brexit, company did not provide well- settled value to the student which in turn assist to attract range of customers. Lack of student’s personal development:In this dynamic environment, it is quite difficult for the firm to carry out the changes quickly and fastly. In the same way, Regent College is also faces issue related to lack of personal development of student and this is due to low learning ability, lack of memory power (Ward, 2016). As a result, student are not ready to accept new challenges and this lead to stress and anxiety.
ï‚·Gap between student intention and action:there is a huge gap between the intention and action of the student such that college did not provide advance facilities to their students which in turn help to do what they think. Therefore, it is necessary to enhance their creativity level which is possible when the college comply with the advancetechnologysuchthatartificialintelligence,virtuallearningetc.This encourage student to take a part, otherwise, it lost their creativity due to excessive pressure which results in declining their overall performance. Describing client in detail Competitor:In this modern era, every company is facing tough competition in the business era, in the same way, Regent College is also facing tough competition from Lancaster Universityand Universityof Bath. These two rival firm attractcustomerswith their innovative programs and low fees with attractive programs. This in turn help the company to stay ahead in the competition and meet the define aim as well (Aaron, 2018). On the other side, Regent College is also trying to provide the best facility to students in order to meet the define aim dedicated for better academic performance by promoting the use of advance technology. The major basis of competition is the offered services and product to students, therefore, it is analyzed that Lancaster University and University of Bath offered more good variety of program as compared to Regent College. Therefore, company has to make strategy in order to meet the define aim and stay ahead in the competition as well. Target:There are three target people of College i.e. Students, Staff and Young people so that it will help to minimize the problem. As it is also analyzed that students are burdened due to lot of study curriculum due to which they feel under pressure and that is why, it affect the personal development. Further, through professional staff, Regent College will also develop innovative study programs which encourage students to take participate in the study and decrease the level of burden as well. By targeting young people, also assist to demonstrate advance technology which help to meet the define aim and objectives of the company as well. Market:There is a tough competition in the market and that is why, company has to develop the strategy which in turn assist to meet the define aim. As rival firm also keep providing enough training to their students which help to determine the personal skills and also minimize the gap between intention and action (Aronoff and Ward, 2016). Even market is also influence by the use of marketing. Thus, the company did not uses the advance method of marketing which affect the overall business. That is why, it is suggested to the firm to use
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social media for new facilities which is introduced by Regent College so that it will help to attract range of new students towards it. External factors:The biggest external factor that affect the performance and business operation of the college istechnology factorsuch that in the era of digital technology, every company is focused on online advertisement and this in turn help to attract range of new customers (Thompson, 2018). On the other side, it is also analyzed that with the development of online learning and artificial intelligence, College should also divert itself into this line which help to minimize many problem and sustain the brand image at international level as well. Further, if the firm implement the new idea that is Thinking Into Character, in which the company help individuals to set their task and also allow them to think in better and creative manner. This is also assist the firm to meet the define aim indulge into the innovative technology as well. Top three issue that client is facing The top three issue which Regent College is faces are as mention below: ï‚·Lack of brand awareness is consider the top biggest issue which the firm faces and it is ranked in top because, the company did not have attractive programs which draw attention of many customers towards it (Lee and Seo, 2018). That is why, it is essential for the company to think and develop the best programs which assist to meet the define aim and objectives. For instance, by adopting new technology and start Three issues of Regent College Lack of brand awareness Lack of personal developmentBrexit
implementing artificial intelligence, augmented reality and virtual reality that helps to promote creativity among students and this in turn assist to meet the define aim. As a result, the company is also sustain the brand image and sort out the issue as well ï‚·Lack of personal development is ranked in second position among three issue because being occupy a second position in the sector, it is the responsibility of the college to make sure that it mainly focus on the personal development of the student. But actually, students are not focusing on their work properly due to lack of memory and learning ability (Mosonyi, Empson and Gond, 2020). Therefore, it is stated that college has to develop a program which assist to develop personal skills among student so that they handle the challenges by their own. ï‚·Brexit is ranked in third position because it directly affect the financial position of the company. Secondary study also shows that over half of the British schools and colleges employ EU nationals and this affect the colleges in negative manner. Also, it also affect the number of students which is decreases from 48% and most of the college are actually faces issue with regards to legislation changes from Brexit. Thus, it is clearly analyzed that after Brexit, the overall system of the college and education sector in negative manner. That is why, it is ranked in third position. CONCUSION By summing up above report it has been concluded that Regent College faces many problem such that high competition, Brexit, lack of personal development of the students, lac of awareness in the global level, gap between the intention and action. This is affect the overall business in negative manner. Also, by breaking the problem, it has been critically concluded that company faces competition from Lancaster University and University of Bath and its target people are staff, students and young people. Further, the most influencing external factor is technological factor that affect the overall business and its operations. Among all, Regent College ranked lack of brand awareness in top position, while Lack of personal development is in second position and Brexit in third position.
REFERENCES Books and Journals Aaron, J. R., 2018, March. Experiential Learning: Transforming Strategic Management to StrategicBusinessConsulting.InDevelopmentsinBusinessSimulationand Experiential Learning: Proceedings of the Annual ABSEL conference(Vol. 45). Aronoff, C. and Ward, J., 2016.Family business governance: Maximizing family and business potential. Springer. 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. Mosonyi, S., Empson, L. and Gond, J.P., 2020. Management consulting: Towards an integrative framework of knowledge, identity, and power.International Journal of Management Reviews.22(2). pp.120-149. 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. Thompson, K., 2018. Evidence for Applying Contemporary Gestalt Theories to a Business Consulting and Executive Coaching Practice.Gestalt Review.22(2). pp.249-263. Ward, J., 2016.Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Springer.