New Initiatives and Innovative Ways for Strategic Talent Management in ASDA

MANAGING A
SUCCESFUL BUSINESS
PROJECT
(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)

Table of Contents
SECTION 1- INTRODUCTION.....................................................................................................3
SECTION 2- PROJECT PLAN.......................................................................................................3
SECTION 3- RESEARCH..............................................................................................................5
SECTION 4- FINDINGS AND RECOMMENDATIONS.............................................................7
SECTION 5- EVALUATION.......................................................................................................15
SECTION 6- CONCLUSION........................................................................................................16
REFERENCES..............................................................................................................................17
APPENDICES...............................................................................................................................19

SECTION 1- INTRODUCTION
Talent management is defined as the important procedure of human resources for
attracting, developing, motivating and retaining high performing workforce. It is considered as
significant aspect in the organization because it focuses on managing and organizing every
employee in the workplace (Gallardo-Gallardo, Thunnissen and Scullion, 2020). The present
project is dependent upon innovative ways used by organisation to achieve approaches to talent
management, as it is the aspect that is constantly growing in every type of organization because
employees are essential resource. The chosen company in the current project is ASDA as it is a
British supermarket chain and the headquarters is situated in Leeds, England.
Aim of the project
“To study the importance and benefits of innovative ways and new initiatives of working
organizations use for achieving a strategic approach to talent management.” A study on ASDA
Objectives of the project
 To identify the concept of talent management for retaining best talent within the
organization
 To determine the various new initiatives and innovative ways to retain employees in the
workplace within ASDA
 To highlight the different benefits of initiatives adopted by ASDA to achieve strategic
approach to talent management
Questions of the project
 Define the concept of talent management for retaining best talent within the organization?
 What are the various new initiatives and innovative ways to retain employees in the
workplace within ASDA?
 What are the different benefits of initiatives adopted by ASDA for achieving strategic
approach to talent management?
SECTION 2- PROJECT PLAN
Project management plan is referred as plan used for planning, organising and directing
activities towards achievement of objectives of project. It is the plan that focuses on arranging
resources in such a way so that every activity and task could be done with great efficiency and
effectiveness.

Some of the components that are used in current project are given below:
Time:
Time is referred as one of the needed component in the project management plan because
every activity could be completed if it is done in specified time period. It is significant for
researcher to set appropriate and valid to complete every activity and task. The time needed for
achieving objectives of present project is 5 months.
Cost:
Cost is described as amount required by researcher to carry out activity and task in
systematic and proper manner. Investigator has focused on forming budget by allocating
activities so that appropriate work could be done without any chaos and shortage of funds. For
carrying out activities $300 is needed by investigation for the successful completion of project.
Resources:
Resources are referred as needed things or factors to conduct activities for achieving
specified objectives in proper way. The current research has used sources of secondary data such
articles, books, journals, websites of business etc. The other significant resources are
communication tools so that at right time information could be transferred.
Risk:
Risk is referred as one of the components that is predicted by investigator so that any
identified difficulty could be prevented at right time. There are some risks that could not be
prevented and are sudden so researcher makes back up plans. If one plan fails then researcher
could easily use another plan without any confusion.
Work breakdown structure:
Work breakdown structure is referred as structure considered by investigator for dividing
activities into smaller tasks in a proper manner. This is the structure that focuses on simplifying
activities of project for better achievement of objectives. So, in simple words it breakdowns the
activities of project into small components (Brčić and Mlinarić, 2018).

Gantt chart:
Gantt chart is described as project management plan that helps in systematic planning and
proper scheduling of projects. Generally, it is used to simplify projects that are complex. It is
used so that every activity could be graphically represented as it simply shows beginning and
finishing dates about the different elements of proposed project such as tasks, resources,
dependencies and milestones (Rianty, Latief and Riantini, 2018).