Innovative Ways of Talent Management in Retail Industry: A Study on Marks and Spencer

Managing Successful
business project

Topic: To ascertain initiatives and innovative ways of working companies used to attain
strategic approach to talent management within retail industry: A study on Marks and
Spencer
SECTION 1: INTRODUCTION
Background
Talent management (TM) is associated with HR process in which company attract,
onboard and retain the high-performing employees. Also, there are many ways through
companies attain the strategic approach which include hire expertise, comply with advance
technologies etc. Similarly, the present study will highlight range of innovative ways that helps
large business in order to attain their defined goal.
The chosen firm for this report is Marks and Spencer which is one of the top retail firm
in UK and offer range of products like clothes, accessories and kitchen appliances etc. The
present research will help to examine different innovative ways for strategic approach and
examine the challenges pertaining to the same. Therefore, with the help of thematic data
analysis, research shed a light upon numerous ways that helps Marks and Spencer to meet the set
target.
Research aim and objectives
Aim: The aim of the study is to assess the innovative ways through which Marks and
Spencer attain the strategies approach to talent management.
Objectives:
 To understand the concept of talent management.
 To evaluate different innovative talent management strategies used by retail industry.
 To identify the challenges faced by Marks and Spencer while using innovative TM
approaches.
 To recommend the best ways through which company may attain the strategic approach.
Research questions:
 What are the types of new initiatives and innovative ways of working do companies put
in place to attain the strategic approach to talent management?
SECTION 2: PROJECT PLAN
Project management plan define how a project is to be carried out by complying with all
the five stages i.e. initiation, planning, execution, monitoring and closure. Also, there are
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different key elements which can be also used by the researcher that helps to meet the defined
aim and generate the best outcomes.
Time: It is one of the most important key element of the project management which
define the tenure in which project will be completed. In the context of present study, it will take
37 days to answer the research questions.
Deliverable: It can be product, service and result that project is commissioned to
produce and also helps to deliver the same to the project manager. In the context of present
study, resources and article are consider as a key deliverable (Lalmi, Fernandes and Souad,
2021).
Quality: It is necessary to ensure about the quality standards such that it is necessary for
the project manager to use high standard of human resource so that they help to meet the defined
aim.
Communication: Project manager should ensure that there will be proper flow of
communication so that there will be no error. Also, written or verbal form of communication can
be used to derive the best outcomes (Shaqour, 2021).
Risk: While performing the project, it has been analyzed that not met with defined
timeline and poor human resource can be considered as a key risk.
Resources: For the present study, human, technological and financial resources has been
used that helps to meet the defined aim.
Gantt chart
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Work breakdown structure
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