Business consulting assignment for London School of Science and Technology (LSST)

Question

Task: can important insights in to business operations be identified by the London School of Science and Technology (LSST) using Business consulting assignment reporting techniques

Answer

Introduction
The nursing and midwifery Business consulting assignment aims to develop a project for the identified client with the help of secondary research and its obtained information. The specified client is the London School of Science and Technology (LSST), which is one of the most prominent colleges that provides about 4000 students with an educational facility at four different campuses: Wembley, Elephant &Castles, Luton, and Aston in the UK. The report has focused on developing a clear understanding of the client, which PESTEL and SWOT analysis examine. Both these models have helped determine external and internal factors that can influence LSST. In addition to that, the top three issues have been identified that the London School of Science and Technology (LSST) has been facing.

Business Consulting assignment client: London School of Science and Technology (LSST)
London School of Science and Technology (LSST) is known for providing educational skills and development services to students belonging to both national and international backgrounds. LSST vastly supports multiple curricula and the regional community's frivolous interests by delivering a delightful learning atmosphere. The main motive of LSST is to strengthen curricular education by providing students access to a gathering of print and electronic media and training and support encouraging an accountable use of available resources. The available Business Consulting assignmentcourses in LSST are Business and Management, Health and Social Care, IT and Computing.

It has been found that the use of technology within education has been significantly increasing, which has made the learning process pretty efficient (Raja and Nagasubramani, 2018). The use of technology in LSST has helped in gaining a competitive advantage in the current stiff competition in the educational business. Moreover, the above mentioned four different campuses of LSST are known for delivering quality education with the development of skills and experience. LSST also focuses on being a trustworthy employer for the finance and account staff in all of its higher education. However, in LSST, the recruitment and selection process appears to be very time-consuming, and most of the candidates prefer to join other universities.

Internal and External analysis

PESTEL: Pestle analysis will define the external environment of LSST Business Consulting assignment and its influencing factor, which can possibly hinder or make the organization successful.

Political Factor: The government of the UK is responsible for making rules and regulations for the country's education system, which both private and public institutions are obliged to follow. The changes in curriculum legislation can impact LSST, including fees, loan schemes, self-financing etc. Moreover, it is observed on this Business Consulting assignment thatthe impact of Brexit can be predicted to be high on the UK's education system, and it will be challenging for educational institutions to be immune from the effect (Hughes, 2021). Some effects predicted are as follows:

• Impact of UK enrolments
• Steering the way forward
• International recruiting
• Loss of revenue from students of EU etc.

Economic Factor: In some Business Consulting assignment cases, the students of the UK are forced to take loans with a significant amount, for which numerous students are forced to setback their careers (Bush, 2019). Students not being able to reimbursetheir loans makes higher education a less attractive option which could be prominent in LSST. Social factor: The trend of students studying in foreign countries has been significantly increasing in the past few decades, which could be a massive drawback forLSST. Moreover, institutions with scholarships and excellent marketing strategies through social media can help to attract students from all over the world. It has been found that parental choices have a significantly less impact on the preferences of students in terms of choosing education institutions.

Technological factor: The use of technology in advanced countries like the UK is ubiquitous in its entire education system (Bulman, 2016). It has been found on this Business Consulting assignmentthat after the breakdown of the Covid-19 pandemic, the trend of online learning has increased tremendouslyacross the globe. Technology in education has introduced an easy way of learning, and responsible companies have been looking to raise the fastestgadgets to strengthen the education system. Advanced technology also encourages cybercrime which can influence the security measure of LSST (Ricci et al., 2021).

Environmental factor: The shift towards physical to digital mode of learning has somewhat saved the impact on the environment.The practise of using public and private transport for transportation is becoming an issue in places dominated by campuses, universities etc.
Legal factor: The new legislation that the government has implemented may develop a hazard of non-compliance and can develop a new managerial burden (Morrison, 2016). The legislation related to child protection, security, safety, etc., can significantly impact LSST if not managed adequately.

SWOT: The Business Consulting assignment SWOT analysishelps evaluate both internal and external factors of the LSST. The identification of internal factors is mainly used to determine the capabilities and core competence of the firm, which can act as the competitive advantage of the organization (Sammut-Bonnici and Galea, 2015). On the other hand, the identified opportunity and threat of LSST determines the scope and risk that it may encounter for which adequate strategy can be made to tackle it.

Table1: SWOT analysis on LSST
Source: Self-made

Summary: The above-identified internal and external factor on this Business Consulting assignment have been made using SWOT analysis of LSST demonstrates that even after being one of the renowned educational institutions in the UK, LSST still has room for enhancement. The current trend's opportunity for LSST needs to be adopted to remain competitive in the market. It has been found that the pandemic has driven higher education through the fastest change across the globe (Longhurst et al., 2020). Therefore, LSST has to work on its weakness, focusing on the opportunity to deal with any kind of uncertainty.

Top three issues
As identified in the above Business Consulting assignment analysis, multiple issues can be found in LSST that can actually act as a massive drawback for the organization. Among those identified issues, the three most prominent and non-negligible three issues are as follows:

No scope for distant or part-time education: It has been found in the education system of the UK that multiple organization encourages the practice of distance education (Rose-Adams and Butcher, 2015). However, in the case of LSST, the organization has not yet implemented the practice of distance learning and a part-time education system. It is evident that because of such an erect educational structure, multiple educational institutes have suffered a lot during the pandemic, including LSST. The trend of distant learning has been fuelled after the pandemic; however, there was no change seen in the case of LSST. The traditional business process with no scope of up-gradation: Innovation in educational institutions is necessary to enhance the entire education system (OECD, 2016). However, as mentioned above in the analysis, LSST still consist of a traditional business process, and there is no possibility for up-gradation. The limited courses provided by LSST is not enough to attract students from both national and international region. It needs to be understood that limited course denotes the little application of students, which directly impacts the revenue and success of LSST. Therefore, the traditional business practice of LSST can be determined as a considerable challenge for LSST, which is holding the scope of success.

Complex recruiting process with lack of HR management: It has been found in the above analysis that LSST has a very complex recruiting practice, and because of that number of new capable candidates go to another university. The inadequate recruiting approach has severe consequences on LSST, and it appears as a significant issue within the institutions. The main consequence of an inadequate recruitment process is lost productivity, where the organization willnot be able to hire capable employees in the organization (Half, 2017). The recruitment process of LSST also appears to be quite time consuming, which the candidates don't want to take part in.

Conclusion
The Business Consulting assignment report concluded that LSST had been effectively working in its sector since it was founded. However, the organization still consist of a significant issue, which can act as a massive drawback for LSST. The report has also determined a few internal and external factor of LSST that has hindered or frostier the organization as a whole. It has been found through the analysis that LSST still lacks to cope with a few current trends such as distance and part-time learning, up-gradation of its existing courses, and adequate recruiting process. All these identified issues within LSST Business Consulting assignment report can become a significant reason for its failure in the future, which needs timely consideration.

References
Bulman, W.J. (2016). HOBBES’S PUBLISHER AND THE POLITICAL BUSINESS OF ENLIGHTENMENT. The Historical Journal, Business Consulting assignment [online] 59(2), pp.339–364. doi:10.1017/s0018246x15000345.
Bush, T. (2019). PESTLE Analysis of Higher Education in the UK. [online] Available at: https://pestleanalysis.com/pestle-analysis-of-higher-education-in-the-uk/ [Accessed 27 May 2022].
Half, R. (2017). Serious consequences of a bad hire. [online] Roberthalf.co.uk. Available at: https://www.roberthalf.co.uk/advice/recruitment-process/3-serious-consequences-bad-hire [Accessed 27 May 2022].
Hughes, J. (2021). What Does Brexit Mean for European Higher Education [online] www.keystoneacademic.com. Available at: https://www.keystoneacademic.com/news/what-does-brexit-mean-for-european-higher-education [Accessed 27 May 2022].
Longhurst, G.J., Stone, D.M., Dulohery, K., Scully, D., Campbell, T. and Smith, C.F. (2020). Strength, Weakness, Opportunity, Threat (SWOT) Analysis of the Adaptations to Anatomical Education in the United Kingdom and Republic of Ireland in Response to the Covid 19 Pandemic. Anatomical Sciences Education, Business Consulting assignment [online] 13(3). doi:10.1002/ase.1967. Morrison, M. (2016). PESTLE Analysis for Schools or Education. [online] RapidBI. Available at: https://rapidbi.com/pestle-analysis-for-schools-and-education/ [Accessed 27 May 2022].
OECD (2016). Innovating Education and Educating for Innovation. [online] Available at: https://www.oecd.org/education/ceri/GEIS2016-Background-document.pdf [Accessed 27 May 2022].

Raja, R. and Nagasubramani, P.C. (2018). (PDF) Impact of modern technology in education. [online] ResearchGate. Available at: https://www.researchgate.net/publication/325086709_Impact_of_modern_technology_in_education [Accessed 27 May 2022].

Ricci, S., Janout, V., Parker, S. and Jerabek, J. (2021). (PDF) PESTLE Analysis of Cybersecurity Education. [online] ResearchGate. Available at: https://www.researchgate.net/publication/353943181_PESTLE_Analysis_of_Cybersecurity_Education. Rose-Adams, J. and Butcher, J. (2015). Distance Education In European Higher Education - The Potential: UK Case Study. [online] Available at: https://www.researchgate.net/publication/285592631_Distance_Education_In_European_Higher_Education_-_The_Potential_UK_Case_Study [Accessed 27 May 2022]. Sammut-Bonnici, T. and Galea, D. (2015). SWOT Analysis. [online] ResearchGate. Business Consulting assignment Available at: https://www.researchgate.net/publication/272353031_SWOT_Analysis [Accessed 27 May 2022].