Business Consulting Project: LSST and FSB - Market Analysis & Strategy

This project provides a business consulting analysis of two higher education institutions, LSST and FSB, operating in the UK. The project identifies key challenges, including increasing competition, the need for qualified staff, and the transition to online learning. For LSST, the recommended solutions involve digital marketing strategies to attract students and qualified staff, including developing a comprehensive website and targeted job advertisements. For FSB, the project recommends identifying appropriate online learning tools and employing strategic planning models like SWOT and PESTLE to facilitate the transition to online education and address competitive pressures. The analysis also highlights the skills required to complete the project, such as problem-solving, communication, and research skills. The conclusion emphasizes the importance of digital marketing and digital tools for both colleges to improve their market position and provide effective learning experiences. The project references relevant sources to support the analysis.

BUSINESS
CONSULTING

 Competition: In last couple of years various new entrants have entered into the market
because of which competition for LSST is increasing continuously.
 Target audience: Student who want to peruse higher education in field of Science and
Technology.
 Market: LSST is one of the biggest private college in the Academic sector in UK and
has four and has four campuses in Wembley, Elephant & Castle, Luton (London) and
Aston (Birmingham).
Project 1

Problem identification
 Growing competition has increased requirement of qualified staff members for new
additional courses that will be introduced next year.
 They are also introducing new additional courses next year and require professional so
that good quality of education can be delivered by specialist professional qualifications.
 They also need to choose appropriate methods in order to attract excellent staff
members with good qualification.
 To attract talented individuals into Higher Education with the right knowledge and
skills and also identify a strategy to retain them within the organization.
 They also want to attract students for the newly introduced courses in order to increase
their profit margin and revenue

Recommended solution
Some of the recommended solutions are:
 LSST college can focus on developing their own website by using digital marketing
strategy. This will help them to communicate all the important information about the
new courses, facilities provided by them in order to attract a greater number of students
 They should develop a job advert in which they should specify all the needs and
requirements of staff members for different departments. They should also specify all
kinds of bonus and additional facilities that will be provided to the selected staff
members. This will help them to attract qualified individuals. They can also use their
college website to advertise about the vacant jobs in order to attract qualified
individuals
 They should focus on developing a recruitment and selection plan so that only staff
members with required qualification and skills are selected.

The competitor and industry review
 Competition for LSST competition is quite tough as UK is known for providing high
quality higher education.
 There are various kinds of organizations that have already established themselves in
this field such as Oxford and many more.
 They need to bring various kinds of changes within their strategies and offering in order
to sustain within the market.

Project 2
 Competition: they already have many competitors within their own community. Not
only this, many new entrants are also focusing on entering into this field.
 Target audience: Target audience for FSB is to attract students for online learning and
students who want to peruse their education in the field of IT, science and technology
 Market: FSB is a community-based learning provider located in the heart of Croydon
and operate in educational market segment. They are private higher education
institution and focus on offering a truly diverse and multicultural learning experience to
their students

Problem identification
 They need to identify appropriate tool for online learning so that students can easily
access online lectures delivered online
 To reduce barriers that can impact their college in terms of delivering online education
to their students.

Recommended solution
 They can conduct a research in order to identify appropriate tool which can be used by
then and will be appropriate for them in terms of delivering higher level of quality
education to their students
 They can use some strategic planning models such as SWOT, PESTLE in order to
identify factors that can impact their overall entering into the digital world for
delivering high quality online education to their students.

The competitor and industry review
 In UK there are various kinds institutes that provides online high- quality education to
their students and have already established themselves and because of this Covid-19
outbreak requirement ad importance of online education has increased because of
which a greater number of organizations or institutes are focusing on delivering online
education to their students.
 Not only this, some of the institutes have already established their online learning
digital platforms in order to attract a greater number of students and enhance their
overall revenue as well.
 FSB not only need to focus on developing their own digital platform but they also need
to focus on making their digital platform available to their students easily and make
them aware about the online learning facilities for their students so that they can gain
competitive advantage.

SKILLS AND EXPERIENCE OF
MEMBERS
There were various kinds of skills that were required by me in order to complete
both the projects in an appropriate manner.
 First skill required by me was problem solving skills in order to identify problem faced
by both the organizations so that appropriate solution can be identified for the same.
 Another skill required by me was communication skills so that I can communicate and
express my point of view with all the other team members in an appropriate manner.
 Moreover I was also required to use my research skills so that I can gather required and
appropriate information in order to complete the project effectively.

Conclusion
 From both of the above projects it has been summarized that digital marketing and
digital tools usage is one of the most important things which is required to be focused
on by both the colleges.
 LSST college with the help of digital marketing attract qualified individuals for staff
jobs and with the help of digital tools FSB college can provide effect online learning to
their students.

References
 Bianco, F., and et. al., 2019, September. Better support for collaborations preparing for
large-scale projects: the case study of the LSST Science Collaborations. In Bulletin of
the American Astronomical Society (Vol. 51, No. 7).
 Nelson, B. and Covas, F., 2019. BPI Research Response To FSB Questions On Post-
Crisis Reforms.