Business Consulting Research Report for LSST and FSB
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This report analyzes the problems faced by LSST and FSB, breaks them down by analyzing competitors, target customer market, and external factors, and identifies the top three issues faced by each client.
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BM561 Business Consulting
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Table of Contents Introduction.................................................................................................................................................3 Main Body...................................................................................................................................................3 1.Clarify who your client is, and what is the problem they are facing....................................................3 Client 1: LSST London School of Science and Technology........................................................................3 2.Using research, break the problem down by critically analyzing and presenting areas of importance to the client such as competitors, target customer market and influencing factors from the external environment.................................................................................................................................................4 Client 1 : LSST London School of Science and Technology.......................................................................4 3.From your above analysis, what are the top three issues that the client is facing?...............................6 Client 1 : LSST London School of Science and Technology.......................................................................6 Conclusion...................................................................................................................................................7 References...................................................................................................................................................8
Introduction In this fasting running world, competition is taking a wider place so in that situation, business consulting requirement improve effectiveness. Basically business consulting is helpful to detect the problems and solving the existing problems which are experiencing by the organization. Through business consultants, companies can protect from the threats, provide innovative ideas in order to improve their performance and productivity level(Anbarasan, 2018). This report is based on the two organizations like London School of Science and Technology and Fairfield School of Business, both colleges situated in United Kingdom and providing good effective knowledge to their students. The prime motive of this report is to identify the problems which are facing by these clients, determine the influence of the external environment factors. Moreover, this report will analyze top 3 issues which are experiencing by both clients. Main Body 1.Clarify who your client is, and what is the problem they are facing There are two clients are involved in this report which are facing some specific problems that are discussed below - Client 1: LSST London School of Science and Technology LSST university is a private college founded in 2003, this college offering various courses related with the management, IT, computing , business and social care. The main concern of this college is to improve the strength of the students so that college can earn more revenue. In this time, LSST is facing problem is their HR department. The main problem employee’s retention, because of covid-19 pandemic, the situation of the education sector disturb a lot. After the pandemic situation, the financial system of college and other institutions became low so employee retention problem occurred because employees want high salary but because of financial situations colleges are not able to pay more money to their staff. Employee turnover rate is increasing day by day that is affecting the performance of the college(Anwar and et.al.,2020).
Client 2:FSB Fairfield School of Business Fairfield School of Business (FSB) is considered as the community based learning provider established in the Croydon, England. The main problem is facing by this school is related with the ITC. In this time, online learning is taking a wider place in each and every student’s life. In order to providing online classes, it is necessary for the school to improve their technological applicability so that it will more possible to arrange virtual classes for their students easily (Bronnenmayer, Wirtz and Göttel, 2016). 2.Using research, break the problem down by critically analyzing and presenting areas of importance to the client such as competitors, target customer market and influencing factors from the external environment Client 1 : LSST London School of Science and Technology In order to resolve the problem which college is facing right now, it is necessary for the college to break down of all the problems and analyze the whole situation aspects. It is determined that there are various factors which are important for the client like competitors, target customers market and impact of the external environmental factors. The main problem is facing by the college is related with their employees because most of the employees of their College are quitting the job and employee turnover rate increasing day by day(Canziani and Tullar, 2017).As per to solve this problem, LSST manager need to identify the current marketing situations of their competitors so that it college can effectively prepare full proof strategy as for their competitors status. After that college needs to focus on their target customer market and then analyzed the influence of external environmental factors such as political factor, economical factor, social factor, technological factor, legal and environmental factors(Sheingate, 2016).All these factors can provide direct and indirect impact on the internal and external performance of the college so it is necessary to generalize these factors in order to prepare an appropriate
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strategy. As per to solve this problem, college need to provide their employees a job security and also some specific monetary benefits so that they can satisfy. HR manager of the college need to conduct strategic hiring process so that manager can higher potential employees and also provide chances to the fresher who can easily ready for the convenient salary package cause the main concern of that particular candidate is gaining the academic experience(D'ASCENZO and POKROVSKAIA, 2016). Client 2:FSB Fairfield School of Business FBS College is now facing, it is vital for the college to break down all of the issues and analyze all parts of the scenario. It has been found that a number of critical aspects for the client include competitors, target customer markets, and the impact of external environmental conditions. The college primary issue related with the technology because lack of technological involvement, college is not pay more attention on the online classes and in this time online classes are on Trend and everyone want to take online classes . Because of covid-19 situation, people use to avoid more interaction from the other people and prefer to attend online classes.In order to solve the problem it is necessary for the college is to analyze the whole scenario and then take appropriate steps(Enke and et. al., 2017).FBS manager needs to conduct a meeting and then discuss this problem with their participated members in order to find out a better solution for the development of the college. FBS also need to analyze the whole market situation and identify the actual state of their rivals so that it college can easily formulate appropriate planning in order to take more competitive advantages(Galea, 2017).FBS college need to generalize the whole factors of external environment so thatit can effectively identify that technological factors is consideredastheexternalenvironmentalfactorwhichprovideadverseimpactonthe performance of the college. It is necessary for the college to improve their technological ability in order to show their active participation to conduct online classes for their students(Salikov, Logunova and Kablashova, 2019).
3.From your above analysis, what are the top three issues that the client is facing? Client 1 : LSST London School of Science and Technology As for the current situations of the college there are three issues are identified by the manager of the college. All these three issues are providing adverse impact on the effectiveness of the college to in order to resolve all these three issues manager of the college is showing their more concern(Nissen and et. al., 2019).The explanation about all these top three issues which are experiencing by the LSST is as follows - 1. High employee’s turnover 2. Low employee’s retention 4. Declining the profitability All these issues are considered as the top three issues which are facing by the London School of Science and technology. The main motive of the college is to resolve all these issues so that college can effectively improve their performance and profitability level. In order to resolve these issues, LSST manager need to conduct a strategic planning process and provide some specific benefits to their employees so that they don't want to quit their job(Laudien and Daxböck, 2017). Client 2:FSB Fairfield School of Business The college's present circumstances are divided into three categories, according to the college's manager. All three concerns are having a negative impact on the college's effectiveness, thus the college's manager is displaying increased care in order to tackle all three issues. The following is an explanation of the top three challenges that the FSB college are dealing with - 1. Low level of technological applicability 2. Less involvement of the students
3. Decline the market value As for the current situations of the Fairfield School of Business, all these top three issues are identified by the manager of the college. The main concern of the manager is to generalize the whole situation carefully and arrange a meeting with the keep participating members and shareholders of the college so that they can take decision in order to adopt the high-level of technologies. With the help of technologies, college can effectively arrange online sessions for their students and also provide online classes of those students who are not able to come to attend class in college(Lin and et.al. 2016). Conclusion According to this report , it can be concluded that the importance of the business consulting is more because it can helpful to detect the exact problem of the organization and also pay more attention to solve the problem effectively. In this report, the problems of two clients are discussed; both clients are facing different issues. One client is facing issue related with the employee’s turnover and retention and another client is facing issues related with the technology. This report highlighted top three issues which are facing by the both clients.
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Salikov,Y.A.,Logunova,I.V.andKablashova,I.V.,2019.Trendsinhumanresource management in the digital economy.Proceedings of the Voronezh State University of Engineering Technologies,81(2), pp.393-399. Sheingate, A.D., 2016.Building a business of politics: The rise of political consulting and the transformation of American democracy.Oxford University Press.