Business Challenges Faced by Regent Group: A Research Report

This research report provides an executive summary, introduction, and critical analysis of the challenges faced by the Regent Group, an educational institution. The report examines the firm's business environment, including issues related to attracting customers, the risk of high competition, and the availability of sufficient space for their tutorial programs. It ranks these challenges based on their impact and provides justifications for each ranking. The report also includes an overview of the client, the Regent Group, and its four main education centers. The analysis considers factors such as market competition, target audience, and the importance of location. The conclusion summarizes the key issues and suggests potential strategies for addressing them. The report is supported by secondary data and references relevant literature, offering insights into the strategic challenges encountered by the Regent Group within the education sector.

Research Report

Executive Summary
The current assignment is based on the analysis of main issues and challenges which can
be faced and encountered by a firm for which chosen client is Regent Group. An overview of
Regent client is provided in current assignment which is a firm operating in the filed of providing
education to kids and other individuals. Further, it also includes discussion and critical analysis
of key important area in business environment of firm along with the ranking of issues faced
with proper justification.
Table of Contents
Executive Summary ........................................................................................................................2
Introduction .....................................................................................................................................1
An overview of the client and main challenges ..............................................................................1
Critical analysis of areas of Importance ..........................................................................................2
Availability of sufficient space ..................................................................................................2
Ways for Attracting larger number of target customers .............................................................2
Mitigating the risk of high competition......................................................................................3
Top 3 Main issues and ranking .......................................................................................................3
1) Lack in attracting larger number of customers.......................................................................3
2) Risk of high competition .......................................................................................................3
3) Unavailability of space ..........................................................................................................4
Conclusion ......................................................................................................................................4
REFERENCES................................................................................................................................5

Introduction
The current assignment is based on a research project which comprises of analysis of set
of secondary information based on the chosen clients and main issues faced and encountered by
that. The client selected for current assignment is Regent Group which was founded and
established during the year of 2000 and is operating in the filed of providing education to kids.
Further, the current research project comprises of discussion about the overview of selected
client along with the main challenges and issues encountered by this client. Beside this, critical
analysis of the areas of importance is also made along with analysis of top 3 main issues faced
and encountered by the chosen client (Wojdyło and et. al., 2018).
An overview of the client and main challenges
The client selected for current investigation and research project is Regent Group that
was established during the year of 2000 and associated with providing higher education the the
students along with facilitating education for kids that is starting from the nursery class. This
organisation is having four main education centres which comprises of Regent Independent
College, Regent Nursery, Regent Learning Centre, and Regent Tutorial College.
The main issues and problem which are bing faced by Regent group comprises of
problem related with the relaunch of the tutorial program which consist of issues related with
unavailability of space along with lacks in attracting customers and high level of competition that
is currently presenting in the education sector. Thus, the issues of Regent group is associated
with relaunch of a tutorial program which comprises of an interactive software program created
as a learning tool that would help the students to learn new skills by using a step-by-step process
that ensures the user is following along and comprehending the material (Grohse, 2020). The
issue related with lack of proper space is a vital problem as an appropriate place and location is
needed to provide education to individuals especially to kids to ensures easy accessibility and
reach. Further, the issue of attracting customer is also faced that is related with lack of proper
marketing and promotion activities along with inefficient training and skill development of
teachers that limit its productivity and success. At last, high level of competition that is currently
prevailing within the education sector is also key issue that would lead reduction in the
productivity and success level of project and tutorial programme lead out by Regent group.
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Critical analysis of areas of Importance
The Regent group is planning to coming up with and relaunch of a Tutorial Program
therefore, it tend to give important and focus on certain important area. A critical analysis of
these of important area and influencing factors which are present in the external environment are
provided as follows with the help and support of secondary data an evaluation of which is
provided as below:
Availability of sufficient space
As per the view point of Thomas Oppong, 2018, the availability of sufficient space and
location plays a vital role in success of a Business or any new project. An analysis can be made
that the for any business or new project is far away from your target customers than it would
definitely have a negative impact on success and productivity of a business. Thus, it is important
and vital to have suitable space and location of a business that provide and facilitates easy access
and reachable for a larger number of customers (Brink, 2019). Further, it has been also observed
that availability of sufficient space is also vital and needed to provide a positive environment and
effective where proper equipments and facilitates are available to ensure better learning and
education for target kids and other customers. In Case of Regent group, it has been observed that
availability of sufficient space is vital and important to properly implement and relaunch its
campaign that require and needs to have a good amount of space to provide all needed facilities
and services to target audience (Jesa, 2017).
Ways for Attracting larger number of target customers
With respect to the information provided by the Charlotte Fennell, 2018, it has been
analysed that target customers is mainly referred to the audience to whom a company or firm
wants to reach and sell its product and services. Further, it has been also analysed that the target
customers and target audience forms out a most important area in success of a business as they
are the one on which the total productivity and sales revenue of a firm depends. Thus, it is
important and vital for a firm to effectively analysis its target customers and also needs to
emphasis and focus on the main needs and expectation of these audience so that a larger number
of customers can be attracted. With respect to the Regent group, its target market comprises of
Students, Interested participants, children and Teenager for its relaunch of its tutorial program.
Thus, it become vital for this organisation to adapt and come up with some improved form of
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marketing and promotion strategy to attract and cater interest of larger number of customers.
Therefore, an evaluation can be made out that target audience forms a vital area of external
business environment that have significant influence on the success and productivity level of a
firm through directly leading impact on the productivity and sales revenue of a firm (Kaufman
and et. al., 2018).
Mitigating the risk of high competition
As per the view point Hansen, A., 2020, it has been analysed that the competitive risk is a
major external factor that is present in the economic environment of firm which is mainly
comprising the competing companies on the market where each of the firm seeks to obtain the
highest position and consumer ratings on it in order to gain maximum benefits for themselves.
Thus, competitive is an important area that influence and create significant impact on the
performance and success of business project as it comprises of force which prevent and create
obstacles in achieving goals and also decline the business revenue of a firm. Thus, it is vital and
important for Regent group to emphasis on improving its competitive strength that can be done
by the way of improving quality of its services along with providing regular training to staff and
teachers to mitigate the risk of high competition (Baek and et. al., 2020).
Top 3 Main issues and ranking
On the basis of analysis of key area of importance following issues are identified as main
problems which is faced by Regent group in its external business environment. A ranking of
these issues along with proper justification for ranking of these issues is provided as below:
1) Lack in attracting larger number of customers
The most vital issues that is faced by Regent group is associated and related with the
attracting the larger number of customer that is mainly related with lack of proper awareness
among its target market about the relaunch of its tutorial programmes. The reason behind
considering this issue as a major and most vital issue is based on the fact that attracting and
catering the attention of target audience is the most vital factor on which the success and
productivity of any new project or business depend (Herman and et. al., 2016).
2) Risk of high competition
The another vital threat that is faced by the Regent group is associated and related with
the threat of high competition as it is a major factor which influence and create hindrance in
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achieving the goals of a firm. The reason for considering it as second most threatening issue for
Regent group is based on the fact that many tough competitors like College of North West
London, Harrow College, New City College, Croydon College and Barnet Southgate College are
present in is external business environment thus, it is a major issue for Regent group that is
hampering its success and productivity level.
3) Unavailability of space
It is also an issues that is faced by Regent group during relaunch of its tutorial
programme as sufficient space is vital and important to provided all educational facilitates and
services in a more effective manner. Further, it also leads to problem of accessibility and easy
reach by target audience thus, contribute as a major issue for Regent group ((Kaufman and et. al.,
2018).
Conclusion
On the basis of above assignment, a conclusion can be made that many issues and
problems are faced by an organisation during launch of any new project and business. It can also
be concluded that the main issues that are faced and uncontended by a firm during the launch of
any project comprises of availability of sufficient that is easily reachable by target audience.
Further, high level of competition and issues in attracting larger number of competitors are also
summarised as major issue which are mainly faced by an organisation.
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REFERENCES
Books and Journals
Baek, E. and et. al., 2020. Brief research report: Bayesian versus REML estimations with
noninformative priors in multilevel single-case data. The Journal of Experimental
Education, 88(4), pp.698-710.
Brink, D.R., 2019. Ozone in Water Treatment: Application and Engineering: Cooperative
Research Report. Routledge.
Grohse, I.P., 2020. Strength Through Weakness: Regent Elites Under Kings Inge, Sigurd, and
Magnus Haraldsson. In Nordic Elites in Transformation, c. 1050–1250, Volume II (pp.
252-270). Routledge.
Hansen, A., 2020. To Think Christianly: A History of L’Abri, Regent College, and the Christian
Study Center Movement, by Charles E. Cotherman: Downers Grove, IL: InterVarsity
Press, 2020, 320 pp., $35.00 (hardcover).
Herman, R. and et. al., 2016. School Leadership Interventions under the Every Student Succeeds
Act: Volume I--A Review of the Evidence Base, Initial Findings. Research Report.
RAND Corporation. PO Box 2138, Santa Monica, CA 90407-2138.
Jesa, M., 2017. Teaching Strategies Adopted by Teachers at Higher Education Level in Kerala:
A Research Report. Higher Education for the Future, 4(1), pp.4-11.
Kaufman, J.H. and et. al., 2018. Raising the Bar: Louisiana's Strategies for Improving Student
Outcomes. Research Report. RR-2303-BRAF. RAND Corporation. PO Box 2138, Santa
Monica, CA 90407-2138.
Wojdyło, A. and et. al., 2018. Characterisation of (poly) phenolic constituents of two
interspecific red hybrids of Rondo and Regent (Vitis vinifera) by LC–PDA–ESI-MS
QTof. Food chemistry, 239, pp.94-101.
Online:
Thomas Oppong. 2018. The Importance of Location in Business. [Online] Available
Through:<https://alltopstartups.com/2018/03/15/the-importance-of-location-in-
business/>.
Charlotte Fennell. 2018. The Importance of Understanding Your Target Audience. [Online]
Available Through:<https://www.speedstartup.org/blog-post/importance-understanding-
target-audience/>.
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