This presentation discusses the importance of business consultancy projects and provides insights into situational analysis, options, project plan, and conclusion.
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Table of Content Introduction Situational analysis Options Project plan Conclusion References
Introduction Business consultancy project defines as a document which absorbs opinion of specialist expert in terms with precise topic or part. Consultancy scheme include a person who have enormous information about the pertaining situation and also provide effectual advice for finishing the plan in victorious mode. To carry forward this presentation Alexandra Style is considered which is a Unisex salon situated in UK. Therefore, it is divided into various sections situational analysis, various options of business case and project plan.
Situational analysis It is considered as the collection of various methods that are adopted by the manager of company for the objective of determining the macro and micro business environment in order to provide vision regarding the strengths and weaknesses of environment with external factors. In that case, political condition is quite instable because of current pandemic COVID-19 as the policies and restrictions of government of UK changes the norms and regulations of salon business as it showed the drastic influences the profitability of salon business which automatically leads to impact the economic conditions of UK. Moreover, technological factors also impact the salon business in order to provide more comfort zone to their customers and uses laser treatment in order to pimples from their face that positively impact their frame of mind of customers.
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Options For the expansion of business, Alexandra Style has various options including cost benefit or they can prepare proper business case. In that case, cost benefit defines the proper measures that are useful in taking prominent decisions for the company after eliminating various costs that is concerned with it. In that case, the manager of Alexandra style use various methods and steps like development of framework, analysing the cost and prominent benefits, calculate those costs and benefits for the impactful decision which bring prominent benefits for the organisation for the longer period of time. Moreover, also compare the prominent cost for better interpretation in order to take right and worthy decision and also analyse the result for the further proceedings.
Project plan By considering the project plan of company, they firstly determine the risk factor with the help of risk assessment and also evaluate each and every risk criteria and also rate risk by making it on the priority list as which one is more influential. In that case, stakeholder’s analysis is also performed which describe the high power and high interest and if any stakeholder has high strength then they have low interest. Moreover, an action plan is developed by considering the vision and mission of company with the enhancement of SMART objectives which describe that company start its progress when the COVID-19 impact will gets decreased also rise in their customer base by 10 percent with the reopening of economy and proper market expansion strategy which is market penetration. Also determine the proper segments, targets and position of company for the successful launch and introduction of products and services and also determine the proper budget with the help of financial backgrounds including cash flow and budget.
Conclusion Therefore, from the above Power point presentation, it is analysed that the business consultancy project report is useful in achieving success for the company from the beginning to the ending of project. In that context, situational analysis is conducted which is useful in evaluating each and every aspect of situation with the help of prominent frameworks. Moreover, for the expansion of business, company conduct cost benefit analysis and business plan which useful in achieving huge values and prominent vision for the expansion of business. In this context, detailed action plan is developed in order to achieve the prominent goals and objectives in order to develop proper understanding that is required to move further.
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References McGivern, G and et. al., 2018. The silent politics of temporal work: A case study of a management consultancy project to redesign public health care.Organization studies,39(8), pp.1007-1030. Thatcher, J and et. al., 2016. Enriching the values of micro and small business research projects: co-creation service provision as perceived by academic, business and student.Studies in Higher Education,41(3), pp.560-581. Harris, E., 2017.Strategic project risk appraisal and management. Routledge.