New Initiatives and Innovative Ways for Strategic Talent Management at Marks and Spencer

Managing a Successful Business Project

Table of Contents
Topic - ‘What are the types of new initiatives and innovative ways of working do companies put
in place to achieve a strategic approach to talent management?’....................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
P1.................................................................................................................................................1
P2.................................................................................................................................................2
P3.................................................................................................................................................3
TASK 2............................................................................................................................................4
P4.................................................................................................................................................4
TASK 3............................................................................................................................................7
P5.................................................................................................................................................7
P6...............................................................................................................................................13
TASK 4..........................................................................................................................................13
P7...............................................................................................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

Topic - ‘What are the types of new initiatives and innovative ways of working
do companies put in place to achieve a strategic approach to talent
management?’
INTRODUCTION
There are different practices with in business which needs to be managed in effective and
efficient manner. It is crucial for organisation to have proper and accurate practices for managing
its talented employees for enhancing business practices. There are different kinds of initiative
and innovative that could be consider by company in order to manage talented employees in
significant manner (Wacklin, 2020). This report is based on Marks and Spencer company. This is
the British organisation that is conducting its business activities in different market area. Marks
and Spencer organisation is a well known retail company that is developed in year 1884. Founder
of Marks and Spencer company is Michael Marks and Thomas Spencer and its head office is
located at London, England, UK. The topic of this report is ‘What are the types of new initiatives
and innovative ways of working do companies put in place to achieve a strategic approach to
talent management?’ It includes project management plan that includes time, quality,
communication, risk, resources, aims of the project plan. This report consist of work breakdown
structure and Gantt chart. Different methods for collecting information has been determined as
well as appropriate tool for analysing data has been used. Apart from this different
recommendation as well as reflection regarding own learning has been analysed.
MAIN BODY
TASK 1
P1.
Research aims
1

To investigate different types of new initiatives and innovative ways of working do
company can put in place to achieve a strategic approach to talent management. Case study of
Marks and Spencer, UK
Research objective
 To determine the concept of talent management.
 To analyse various initiative and innovation practices that could be used by Marks and
Spencer company to accomplish a strategic approach to talent management.
 To evaluate the importance of talent management in order to enhance performance and
productivity of Marks and Spencer company.
Research Objective
 What is the concept of talent management?
 What are various initiative and innovation practices that could be used by Marks and
Spencer company to accomplish a strategic approach to talent management?
 What are the importance of talent management in order to enhance performance and
productivity of Marks and Spencer company?
P2.
The project management plan can be describe as the crucial part for conducting different
practices in significant and effective manner (Onyusheva, Thammashote and Thongaim, 2020).
This is refer as the formal document that defines how a project is to be carried out in order to
attain desired goals. Project management practices includes different elements such as as
communication, time, quality, risk and so on. This is helpful for providing blue print for
performing project activities in significant manner.
 Aim – This can be describe as the motive of conducting project practices accurately. Aim
of this project report is to investigate different types of new initiatives and innovative
ways of working do company can put in place to achieve a strategic approach to talent
management. Case study of Marks and Spencer, UK
 Deliverables – It refer as the output of the project plan and investigator needs to perform
practices according to the accomplishment of desired deliverables.
2