Managing a Successful Business Project

This research focuses on analysing the implementation of talent management in the organisational context. It explores the importance of talent management strategies in attracting and retaining talented employees. The research is based on TESCO, a British multinational organisation operating in the retail sector.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1............................................................................................................................................3
P1 Project aims and objectives for a chosen scenario..................................................................3
P2 Project Management Plan that includes the cost, scope, time, etc.........................................5
P3 Gantt chart and Work breakdown structure............................................................................7
TASK 2..........................................................................................................................................10
P4 Small scale research with the help of qualitative and quantitative methods. ......................10
TASK 3..........................................................................................................................................13
P5 Research and data with using appropriate tools and techniques...........................................13
P6 Recommendations found from the result..............................................................................15
TASK 4..........................................................................................................................................15
P7 Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance.........................................................................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................17
Books and journals ....................................................................................................................17

INTRODUCTION
Talent management system is a process which helps in managing the talent of employees
within an organisation in order to increase their skills and competency to perform various task
allotted to them (Kassel, 2016). There are different tools and techniques which can be used by an
organisation in order to make sure that they are hiring talented employees and also increasing
their talent. The following research is conducted on TESCO which is a British multinational
organisation operating in retail sector. TESCO is a British multinational company which is
operating globally and providing services in a number of different countries. It was established
by Jack Cohen in the year 1919 (Boyle, 2017). It is a multinational organisation which provides
a number of different services and products such as clothing, grocery, accessories and so on. The
multinational joint is using a number of different strategies in order to make sure that talent of
the organisation is managed successfully to face competition in the market.
MAIN BODY
TASK 1
P1 Project aims and objectives for a chosen scenario.
Overview of Research: This research focuses on analysing the implementation of talent
management in the organisational context. This will help in retraining effective employees in the
organisation for longer duration. This research is based on TESCO which focuses on maintaining
effective employee relationship in order to enhance their growth prospects in the external
environment. In order to retain the employees, the company have introduced various talent
management techniques which will develop the personality of the employees in the current
working environment. Also, this will help in sustaining the competitive advantage for the
company by developing competent workforce which will perceive the goals of the company
effectively (Halibozek and Kovacich, 2017).
Aim:“To identify the importance of talent management strategies in order to attract and
retain talented employees. “ A study based on TESCO
Objectives: The objective of the research are as follows:
 To develop the knowledge regarding concept of talent management.
 To identify various strategies used by organisation to manage the talent.
 To identify different ways to retain talent within an organisation

 To examine various ways used by organisations to attract talented employees and retain
them.
Research Questions:
 What is meant by the concept of talent management?
 What are various strategies that organisations used to manage their talent?
 What are various ways to retain talent in an organisation?
 What are various ways to attract talented employees towards organisation?
Rational of the project: The rationale of the research is to identify various strategies that
can be used by a business so that they can effectively manage the talent in their organisation
achieving all their objectives. The following study is efficiently supporting investigation in order
to increase information about talent management which will help in enhancing skills and
knowledge in employees in an organisation. Talent management system is an important function
in organisation which helps in expansion of business along with Korea development of employs.
Literature Review
According to Vanhaverbeke, 2017, talent management is defined as a process which is
used to manage various skills and different employees in the business. It can be related to
managing talent of employees in the organisation who are performing a number of different tasks
in order to fulfil the objective of the organisation. Talent management is necessary for
organisation to improve all their function and bring various opportunities for expansion of the
business make proper use of talent management. TESCO is developing various strategies for
talent management which is helping them to bring profitability and also achieve all their
objectives successfully. According to the viewpoint of Rowden, 2017, there are various talent
management strategies that can be used in an organisation to improve their function as well as
achieve good results in future. In TESCO training and development is used in an appropriate
manner to easily manage the talent within the organisation. It helps in increasing the capability
and capacity of employs and formulation of proper training and development program is
organised by human resource department in the organisation. They are successfully using a
flexible approach to train employees for managing their employees.
According to Halibozek and Kovacich, 2017, retaining employees in an organisation is a
necessary step which every organisation needs to take for its success and development. There are

a number of techniques of motivation and performance management which can be used by
organisation in order to retain the talent. Some of the best practices adopted by TESCO our
promotion of employees as well as appraisal of employees from time to time. Training and
development of employees is also used by TESCO in order to retain talented employees in the
organisation for a longer period of time. This will successfully help business in achieving all its
objective and aligning the personal goals of employees with the objectives and goals of the
organisation. Promotion is a technique which will be used by organisation in order to make sure
that the satisfaction of job in the employs is also increased along with retaining them in the
organisation. According to Polonsky and Waller., 2018, there are various ways which are used
by an organisation in order to make sure that they are attracting their employs and retaining them
in the organisation for a longer period of time. When taking TESCO into context the author have
stated that a number of systems for tea management and improvement of working practices are
used by organisation to manage talent in the employs as well as attract the talent towards the
organisation. Organisation is also managing all this functions through paying effective
compensation to the employees which is a great way to attract them. Compensation helps in
fulfilling all the needs and requirements of employees and continuously motivating them in order
to make sure that they are successfully retaining in the organisation for a longer period of time.
P2 Project Management Plan that includes the cost, scope, time, etc.
A project management plan is a plan or document which consist all the information
regarding fulfilment of a research (Tu, 2018 ). There are a number of different components
included in project management plan all of which are to be managed by the researcher. Below
mentioned are the components of project management plan in the following research:
Time: The researchers provided a particular time period in which the research outcomes
must be developed (Boyle, 2017). All the functions are dependent upon the time period and it is
necessary to use Gantt chart in order to make sure that the research is completed in time.
Cost: Cost refers to the budget which will be required in order to fulfil the research
successfully. And expenditure budget is made by the researcher in order to note down all the cost
that will be required in the research to fulfil the research objectives. Below mentioned is a
forecast budgeted expenditure report for the following research:
Total forecasted budget
Particular 2019-20($)

Implementing technology cost 10000
Promotional expense 5000
Advertisement expense 1500
Catalogues 1000
Training charges 5500
Total cost 23000
Quality: Quality of the work which is included in the following research is necessary.
The researcher requires to focus upon the quality in order to make sure that proper outcomes
are derived from the research and the research can be reliable.
Scope: The major scope of the research is to make sure that it will help people to increase
their knowledge about talent management in an organisation. The measurement concept is used
successfully to fulfil the scope of the research.
Communication: Communication is an important concept within a research which helps
in facilitating flow of proper information from time to time within various members included in
research (Janssens, 2019). There are a number of different publication tools which are used along
with oral and written communication. Email is the best way used in the following research for
communication.
Risk: There is certain risk involved in every research. These risks are influencing
different functions and it is necessary to make sure that all the resource and time for the research
are used properly to avoid this risk. The major risk in this report is identifying proper sample size
in the target population to make sure that the results are not biased in any manner.
Resources: Resources are important component in a research which helps in fulfilment of
all the objective of the research in the given time period. There are a number of different
resources such as secondary resources which are used for research along with different resources
such as human resource, cost, stationery and so on.

P3 Gantt chart and Work breakdown structure.
Work break down structure: Work breakdown structure allows a system to the
organisation through which they can divide a work into various task successfully it helps the
business is managing their current business task according to the environment. The following
report also can be developed into work breakdown structure through which different task of the
report can be achieved successfully within given time.
Gantt chart: Gantt chart is a tool which is used in organisation in order to manage all the
different functions in the given time period (Kassel, 2016). Gantt chart includes distribution of a
number of different activities as per the time that is required to complete all these activities
successfully. It is divided into priority basis and major objective of Gantt chart is to manage time
for an activity in the organisation.

TASK 2
P4 Small scale research with the help of qualitative and quantitative methods.
Research philosophy: Research philosophy refers to a part of research which can be
directly related to methodology of research. Research methodology is used in gathering and
analysing various data using qualitative and quantitative information present for the objective
(Newton, 2016). In the following research a positive philosophy is used to analyse the research
performance in a positive manner.
Research approach: Research approach is used to define the function in research which
helps in stating objective of the research and what is the research based upon. In relation to the
following research there are various approaches used which are based on the objective of the
research. It will help in bringing out positive outcomes from the research and its proper
management (Newton, 2016).
Research strategy: The strategy which is used in the research is the site of action plan
which are focusing upon achievement of the objectives of research and also defining different
functions that will be conducted in the research. In the following research appropriate strategy is
used in order to perform all the functions of research. Under specific functions and procedures
action research experimental research systematic literature reviews as well as survey interviews
are used for case study discussion of the following organisation. These are essential functions in
order to perform the research effectively and achieve all the required outcomes.
Data collection: Data collection refers to the methods which are used in order to collect
the data which will help in carrying out the results and bringing the outcomes. In the following
result of the research primary sources of data are collected using a questionnaire whereas
secondary sources of data are collected using various articles, journals, publications as well as
books which were already available through different resources.
Time horizon: Time horizon refers to the context of time and in the following research
cross-sectional and longitudinal methods are helping in appropriately using and managing time
for the research purpose (Phansaita, Kasai and Ayudhya, 2020).
Sampling: Sampling is essential in order to conduct a research which includes the
research methodology. In the following research 40 persons are taken randomly from the total
population. It is the best way to choose sample which will derive perfect result without any bias.

Research instruments: Research instruments are all the techniques and tools which will
be used by researcher in order to carry out the following research (Janssens, 2019). Interviews
and questionnaire are tools used in the following research.
Data analysis: It is a technique which is used by researcher in order to analyse the
primary as a secondary data available to them. Talent management is the current research topic
and the researcher have used data analysis tools to reach to certain outcomes.
Ethical issues: Ethical issues are a part of research which are the necessary issues that
researcher needs to implement (Piip, 2020). It is necessary that confidentiality of reports,
respondents and voluntary participation of members is maintained in order to deal with ethical
issues.
Data analysis can be defined as a function which is performed to analyse the reviews of
different individual at the time of questioning. In context of the current research report, there are
identification 50 respondents. This is discussed below:
Q1) "The concept of talent management and its uses are very wide “do you
know about it?
Frequency
a) Yes 35
b) No 15
Q2) Talent management within the organisation is an impactful scenario
which impacts the performance of organisation. Do you think that talent
management will impact the organisation like TESCO?
Frequency
a) Yes 40
b) No 10
Q3) In the present business environment there are a number of strategic
opportunities in front of organisation which can be used under this system
of retaining talented employee, according to you what is the best strategy
which can be followed under this in scenario?
Frequency
a) Detailed job descriptions, 20
b) Collaborate-coach-evolve, 10

c) Opportunities for continuous improvement, 15
d) Reward and recognize right 05
Q4) What is the major advantage which can be availed by test score by
using talent management?
Frequency
a) Retaining finest talent 20
b) Efficient and effective performance 15
c) Strengthen human capital structure of company 15
Q5) Talent management is helpful for employees what are the benefits of
talent management according to you which can help employee?
Frequency
a) Achievement of job satisfaction 20
b) Enhancement personal skills 20
c) Boosting up confidence and motivation 10
Q6) In your point of view, what are some options to start the talent
management initiative in TESCO?
Frequency
a) Maintaining individual identity 20
b) Training and development 15
c) Job rotation 15
Q7) What are the main and effective strategies which can be used to
manage the talented employee in organisation?
Frequency
a) Offering the right benefits 25
b) Providing on-going education and clearing paths for better experience 10
c) Recognition starting from recruitment 15

TASK 3
P5 Research and data with using appropriate tools and techniques.
Question 1: Awareness about talent management
Q1) "The concept of talent management and its uses are very wide “do you
know about it?
Frequency
a) Yes 35
b) No 15
Interpretation: It can be interpreted from the above mentioned by chart that 70% of individual
know about the concept of talent management.
Question 2: Importance of talent management for organisation
Q2) Talent management within the organisation is an impactful scenario
which impacts the performance of organisation. Do you think that talent
management will impact the organisation like TESCO?
Frequency
a) Yes 40
b) No 10
Interpretation: It can be integrated from the above mentioned by chart that 80% of
individual are in favour of importance of talent management for organisation.
Question 3: Strategies used in talent management
Q3) In the present business environment there are a number of strategic
opportunities in front of organisation which can be used under this system
of retaining talented employee, according to you what is the best strategy
which can be followed under this in scenario?
Frequency
a) Detailed job descriptions, 20
b) Collaborate-coach-evolve, 10
c) Opportunities for continuous improvement, 15

d) Reward and recognize right 05
Interpretation: It can be interpreted from the above-mentioned graph that majority of
individual or with detailed job description when it is questioned about strategy is to be used for
talent management.
Question 4: Advantages brought by talent management for organisation
Q4) What is the major advantage which can be availed by test score by
using talent management?
Frequency
a) Retaining finest talent 20
b) Efficient and effective performance 15
c) Strengthen human capital structure of company 15
Interpretation: It can be analysed from the above mentioned pie-chart that 50% of the
total population is with favour of offering the right benefits.
Question 5: Benefits of talent management for employees
Q5) Talent management is helpful for employees that what are the benefits
of talent management according to you which can help employee?
Frequency
a) Achievement of job satisfaction 20
b) Enhancement personal skills 20
c) Boosting up confidence and motivation 10
Interpretation: It can be analysed from the above mentioned frequency that majority of
individuals are with achievement of job satisfaction in ensuring personal skills as a main benefit
of talent management to employees.
Question 6: Initiatives for talent management
Q6) In your point of view, what are some options to start the talent Frequency

management initiative in TESCO?
a) Maintaining individual identity 20
b) Training and development 15
c) Job rotation 15
Interpretation: It can be identified that 50% of total population is with maintaining
individual identity as an initiative for talent management.
Question 7: Important strategies to retain talent
Q7) What are the main and effective strategies which can be used to
manage the talented employee in organisation?
Frequency
a) Offering the right benefits 25
b) Providing on-going education and clearing paths for better experience 10
c) Recognition starting from recruitment 15
Interpretation: It can be identified from the above mentioned information that majority
of individuals are with providing important strategies for attaining talent as offering the right
benefits.
P6 Recommendations found from the result.
After analysing the above information there are some recommendations which can be
followed by TESCO to achieve its objective.
 Recommended to test code that it has to use an appropriate training and development
policies in order to manage the talented employee as well as increased their skills and
abilities.
 It is also recommended that organisation should use an appropriate theory of leadership
which will help in improving functions of employees as well as guiding them toward the
organisational goals and objectives.

 In last, recommended to the organisation that it has to follow an appropriate system
which will allow motivating the employee and retaining them for a long period of time.
TASK 4
P7 Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance.
I am glad to get the opportunity of working on the research. This research is helpful for
me to achieve my objectives as well as perform a function in an appropriate manner. This
research also helped me in getting an insight about the concept of talent management and using it
for personal development. The current research helps me in developing various functions where I
can identify the current requirements of the business as well as can develop my different skills.
The skills are related to analytical communication in various other which are required to perform
the future objectives and achieve my personal goals and objectives. By conducting this research I
also get opportunity to identify various concepts of talent management as well as its importance
for the organisation to achieve better profitability and managing the function appropriately. This
also help me in gaining appropriate knowledge about my future career where I can develop my
analytical skills to perform in a better way.
I have learned and analysed that the talent management is crucial for company in their
working environment. Also, the talent of the employees must be utilised effectively by the
employer in order to gain competitive edge. I have faced some of the problems in collecting the
data for the research report but after that I got to know the understanding of the critical aspects of
the talent management. I will rate myself on the basis of this report as 7 out of 10. I have
resolved my problems by prioritising the work and activities and developing strategies for
successful completion of the project.
CONCLUSION
It can be concluded from the above-mentioned information that there are various function
which are related to achieving the business objective and has to perform according to the
requirements. Environment is essential for every organisation so that it can easily manage
different individuals as well as perform according to the needs and requirement of current

business scenario. There are many methods used for the collection of the data and completion of
the research report. These methods have been implied in the above mentioned company.

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