QAHE 2022 / 2023 Applied Consulting Project Assignment Sample
Module code and Title: QAHE 2022 / 2023 Applied Consulting Project Assignment Sample
Introduction
The paper is to analyze the issues regarding the business of Truss Professional UK, a hair care organization which operates as a retailer in both a home care and salon range as well. Truss professional UK was founded first in Brazil in the year 2003 and with its efficient services, it grabbed the market very quickly and made a mark as a hair care organization as well. A former sales executive of the company L’Oréal was also associated with the organization.
The company mainly operates in eight different countries till date such as the United States, UK, Spain, Ireland, South Korea, Ukraine, Italy, and Portugal. The company is looking for some further expansion recently in Africa and Asia, and also to serve the customers in the existing area with the utmost efficiency and care. After the pandemic of Covid 19, every small and big enterprises have seen some losses and they need to pre-structure all the strategies again to remain in the market.
This report will identify and analyze the issues that the organization is facing. Analyzing those issues the management will be able to strategize things again, to expand its branches in new countries and this can help the organization in several areas. The organization has faced some restrictions in the United Kingdom for which the business of hair care of Truss professionals has seen a drop for a while. The current focus of this project is to expand the business of Truss Professional UK IN Africa and Asia.
Aims and Objectives
Regarding the vision of Truss Professional UK, the researcher is aiming to provide some strong strategic analysis and recommendations which will help Truss Professional UK to improve the services of their hair care and their product delivery in the different eight salon ranges. This will help them to reach their ultimate goal, which is to expand in new areas.
The objectives that the researcher will fulfill at the end of the project are established below, using the pattern of SMART objectives.
| Specific | To analyze the current issues of Truss Professional UK. |
| Measurable | To have a track on every action such as identifying the issues and executing the accurate strategies. |
| Actionable | To create a strategic plan and set of recommendations that Truss Professional UK can follow in order to improve their operations in new areas of expansion such as in Asia and Africa. |
| Realistic | To remain in the market as the best hair care salon range in existing countries while also leading the new markets of Asia and Africa. |
| Time bound | To accomplish the task within a duration of 10 to 11 weeks. |
Problem Statement
A problem that the researcher can encounter while doing the research is to collect appropriate data to identify the current issues of Truss Professional Care. As this project and its objectives will be assessed through secondary analysis gathering proper and genuine data about the subject matter like what are several pros and cons of expanding in Asia and Africa and what are the reasons for issues that can be an issue for the researcher.
Risk Register
Every business or its management have a document which is called the risk register which includes all the possibilities of the risks for the company and the results that a risk can provide, and the precautions that are needed to be taken to lessen the risks and the responsible ones for managing.
As Truss Professionals are looking to expand their business in the other continents like Asia and Africa, so they also must own a risk register. In expansion, there are risks like if the market gets down, the rate becomes cheaper, or the preference of the people does not go with one’s products or services. The company must be ready with strategical ideas if any kind of issue or risk occur during the process of expansion.
Parameters and Outcomes
Every company or business enterprise needs improvement in order to enhance their productivity, efficiency, and the entire performance of the companies. This constant analysis and improvement help companies to go forward and it helps for better development as well. There are several factors which need to be focused; among those some parameters are discussed below which can help to understand about the factors that will help Truss Professional UK for their expansion after this research.
If Truss Professional wants successful improvement of the processes in their business then they need a strong strategy which will enable them to change its doings even without exceeding the budget as a whole or the overpressure for the employees as well.
The factors which can help the organization to make expansion successfully are discussed below.
Implementing Automation
Automation is considered to be one of the greatest advantages for any organization, and when a company like Truss Professionals wants to be successful in improving the several processes of business and make expansion successfully. Automation allows the tasks to be done within a shorter period of time and things get done in an automatic process which will also lessen the workload of the manual process.
The company will not have to adapt so many employees while machines can do several types of work in place of a human. This will reduce the costs of Truss Professionals and result in a time saving process as well. Orchestration is another beneficial area which can automate the entire processes of the business and manage the workflows though it always leaves a sense of risk. But it can provide the company better efficiency, generativity, and overall performance as well.
Main Focus is Customer
Another essential factor which can help Truss Professional to improve their business processes and increase the customers as well by making the customers their first priority. Every business and its performance and profit depend on the customers that the organization serves. Everything that the company operates has a main purpose of serving the consumers in a correct way, while also staying as a competitive organization in the market and improving the profits as well.
Smart Hiring
Employees are considered to be the key aspects from whom the organization expects better and strong performance which will ultimately lead to enormous profit. But careless, inexperienced, and casual employees cannot serve a company for a better result. Therefore, Truss Professional needs to hire the employees who can increase the level of productivity and customer demand. Hiring smart and experienced people is not enough; the company must well maintain its employees for better and efficient results.
Talking about the outcomes, after this project, Truss Professional will be able to better its several processes of business which are lacking efficiency and will be back in the market as a rather even stronger competitor than earlier. Being in a situation of expanding the business, Truss Professional needs to strengthen their position more than ever which is expected to be possible after the completion of the task as it will analyze all the factors that need assessment and improvement.
The central scope of the project is that it will be able to fulfill all the objectives of the researcher at the end of the task. The final output will include several factors and methods through which Truss Professional can improve their business process.
Approach
The researcher will operate a secondary analysis on the business issue analysis of Truss Professional UK. Therefore, the project will follow a deductive approach. Collecting information from several past journals, text and research, the researcher will establish the requirements of the project. Reviewing the past empirical studies, the researcher will operate the entire task on Truss Professional UK. There are mainly three approaches of research which researchers follow to complete a project appropriately.
The prime three approaches to research are: “Quantitative, Qualitative, and Mixed” research approaches. The first or the quantitative research approach refers to the gathering of numerical or statistical data to define, predict, and control the research. It needs a systematic and primary analysis which is called the inductive type. For qualitative research, it is a process of collecting, analyzing, and interpreting narrative and existing data to receive insights into a particular area of interest.
This research approach can be considered as a simultaneous study of several features of an area and the stepping into the study of existing theories. Qualitative research approach is associated with the deductive type which is used in this current study as well. The philosophy which the researcher will apply in this current research is positivist philosophy which refers to the idea of understanding the several aspects related to research subject in an objective way. Secondary analysis will be performed.
Secondary analysis does not refer to the process of copying materials from the past research but to use them as inspiration for the new research. Another type of research approach which is a mixed method, refers to the combination of qualitative and quantitative approaches by combining both types of information in a simple study.
Mixed research method enables the researcher to create or operate a task on the basis of both the research approaches. Mainly the approach of a research depends on the type of project on which the research is based. In quantitative research, observation, focus teams, surveys and interviews are also being conducted. But in qualitative research, there is no need to operate any primary analysis, the researcher can only proceed as per the reviews of early research.
Project Timeline
Figure1: Gantt chart (Source: Self-created with MS-project)
Costs
For the proposed plan, the costs to expand in the countries of Asia and Africa will be nearly or over 500k pound sterling. It might take over a year to complete the entire expansion if the activities are regulated accurately. The arte of each consultant will be probably nearly 50k pound sterling. Based on the estimations, the entire costs may be over 500k pound sterling.
As per the week passes, the costs will be increased at each of the stages. It will include several stages such as owning the land which will cost a huge amount of money, then using the structure, then decorating it, production and services and then serving to the consumers.
Conclusion
To conclude the proposal here, it can be stated that the main objectives and aims that the researcher is looking to execute are established and defined properly. Here the company wants an expansion in two different continents such as Asia and Africa. This paper gives a very proper structure of research proposal and therefore it is able to fulfill all the requirements that a proposal asks for. It has briefed the idea of what will be operated or executed in the entire project.
The aims and objectives which will be achieved at the end of the project are established above. The problem statement is also mentioned. The parameters that the researcher will use and implement in the project and the outcomes that the project will provide at the end are also described. The approach which the researcher will follow to complete the project are also mentioned above. Producing a project timeline, using MS project, the proposal is concluded.
Reference List
Journals
Ballardini, R.M., Ituarte, I.F. and Pei, E., 2018. Printing spare parts through additive manufacturing: legal and digital business challenges. Journal of Manufacturing Technology Management.
Hofmann, F. and Jaeger‐Erben, M., 2020. Organizational transition management of circular business model innovations. Business strategy and the environment, 29(6), pp.2770-2788.
Kumar, A., 2019. From Henley to Harvard at Hyderabad?(Post and neo-) colonialism in management education in India. Enterprise & Society, 20(2), pp.366-400.
Nandal, D.N., Kataria, D.A. and Dhingra, D.M., 2020. Measuring innovation: challenges and best practices. International Journal of Advanced Science and Technology, 29(5), pp.1275-1285.
Shahjahan, R.A., Sonneveldt, E.L., Estera, A.L. and Bae, S., 2022. Emoscapes and commercial university rankers: the role of affect in global higher education policy. Critical Studies in Education, 63(3), pp.275-290.
Sunday, C.E. and Vera, C.C.E., 2018. Examining information and communication technology (ICT) adoption in SMEs: A dynamic capabilities approach. Journal of Enterprise Information Management.
Ylönen, M. and Kuusela, H., 2019. Consultocracy and its discontents: A critical typology and a call for a research agenda. Governance, 32(2), pp.241-258.
Know more about UniqueSubmission’s other writing services:
