Managing a Successful Business Project

This presentation focuses on talent management strategies in H&M. It discusses the aims and objectives of the project, the project management plan, work breakdown structure, and Gantt chart. It also covers research methods, communication of recommendations, and reflection. The presentation concludes with a discussion on the importance of talent management and its benefits for H&M.

MANAGING A SUCCESSFUL BUSINESS
PROJECT

TABLE OF CONTENT
 Introduction
 Project aims and objectives
 Project management plan
 Work breakdown structure and Gantt chart
 Research Methods
 Communication of the recommendations
 Reflection
 Conclusion
 References

INTRODUCTION
Talent management is regarded as managing the whole personnel within
entity in order to maximise their values in respect of performing their
operations. Moreover, this not only undertaken to be one time activity but a
ongoing procedures which incorporates retaining as well as attracting higher
competent staff by developing skills and continuous encouragement. The
key intent of talent management is to develop a encouraged staff which
may aids firm into longer run. For this report teh undertaken company is
H&M stands for Hennes & Mauritz AB, this is a leading Swedish multinational
fashion clothing organisation for women, teenagers, men and children

PROJECT AIM AND OBJECTIVES
Aim:
“To determine various strategies of talent management implemented to
retain and attract competent employees. A case study on H & M”.
Objectives:
 To evaluate the basic concept of talent management strategies.
 To determine several strategies implemented to retain and attract
personnel in H&M.
 To analyse various challenges faced by H&M during implementation of
talent management strategies.

PROJECT MANAGEMENT PLAN
Project management plan is depicted because of the reality of the standard, formal
model and is the reason around how the venture is carried out, observed, and
controlled. in addition, that is the report is used for clarifying the method that group
of the endeavor takes for turning inside the deliberate extent of errand oversee
(Chaffey, Hemphill and Edmundson-hen, 2015).
 Cost
 Time
 Quality
 Risk

WORK BREAKDOWN STRUCTURE AND GANTT
CHART
 It is portrayed as the significant thing
adventure expectations which mastermind
the artworks of association inside reachable
divisions. with regards to task control casing
of skill, this offers a clarification for work of
art reprieve down frameworks as a piece of
deliverable situated progressive
disintegration are to be executed through a
group of the test (Frankenberger and et.al,

CONTINUE…
Gantt diagram becomes
advanced using Henry
Gantt in the year 1917.
that is characterized as
the graphical show of
errand time table which
offers various games
exercises comparably to
the achievement of the
time.

INTERPRETATION
Q1. Do you have basic knownledge of talent management strategies in H&M? Frequency
a) Yes 35
b) No 5

INTERPRETATION
Q2. According to you, what are few effectual talent management strategies for H & M for attarcting and
retaining employees?
Frequency
a) Offering of higher salary 7
b) Perks and allowances 6
c) higher level of commitment from top management 7
d) constant training and development opportunities 20

INTERPRETATION
Q3. As per your view point, effective talen management strategies would aids company to gain
competitive benefits in longer term?
Frequency
a) Yes 34
b) No 6

INTERPRETATION
Q4 What are few benefits of adopting effective talent management procedures for H&M? Frequency
a) Having an effective competitive situation. 4
b) Managing the satisfaction level of customers 16
c) Managing present market image 9
d) Effectiveness in cost management. 11

INTERPRETATION
Q5 Is there exists a direct relatios into talent management process and staff satisfaction level? Frequency
a) Positive relationship 25
b) Negative relationship 10
c) Neutral 5

INTERPRETATION
Q6 What are the various challenges which are faced by H&M management in respect
of talent management process?
Frequency
a) Dissatisfied base of customers 12
b) Higher turnover of employees 10
c) Negative mind set of employees 18

INTERPRETATION
Q7. What are the several strategies of talent management that are needed for dealing
with problem in H&M?
Frequency
a) Improving TQM 20
b) Participative decision making style 10
c) Collecting timely feedbacks from the employees 10

INTERPRETATION
Q8What are few key ideology to manage talent management in H&M? Frequency
a) Effective communication channels 13
b) Faster process of decision making 10
c) Enhancing employee commitment level 17

RESEARCH METHODS
 Primary data: It the first hand information that is collected by investigator in these
results is more authentic and reliable.
 Secondary data: It the method in which there is collection of existing information and
data from online available sources or existing sources.
 Quantitative method: quantitative method is a research methodology in which data is
collected and expressed in form of graphs cha
 Qualitative method: qualitative method of research is in which it is also sometimes
regarded as exploratory research.

COMMUNICATION OF THE
RECOMMENDATIONS
There is a portion of the tips which might be fundamental to have
incredible data on the executive's strategy in H&M. some of the
ideas which might be drawn from the above-made assessment
from number one and optional gathered data are noted beneath:
 training and consistency
 Discrimination and variety

REFLECTION
I'm happy that I have been given the risk to behaviour and complete the studies on
the subject's capabilities control. within the path of the studies, it is analyzed with
the aid of way of me it's miles essential for businesses to have powerful expertise
control strategies to hold and acquire knowledge for a longer time period. My
records similar to information of the research helped me to make appropriate
choices and strategies this is used for gathering valid and dependable data which
similarly results in the development of valid quit. moving along, while I executed the
examine it's far analyzed by way of me that my verbal exchange capability is vain
as I'm not capable of engaging with people as a way to acquire records
approximately studies situation be counted.

CONCLUSION
It's miles concluded from the above-made discussions that in
each business enterprise there is a requirement of a powerful
skills control process to deal with the triumphing frame of
employees. keeping personnel for the long term can be very
critical for agencies to control the price of higher worker
turnover. other than this there are also issues associated with
employee dissatisfaction stages that need to be dealt with as a
way to maximize the employee contribution and minimize the
worker dissatisfaction from the employer.

REFERENCES
 Basu, R., 2016. Managing projects in research and
development. Routledge.
 Chaffey, D., Hemphill, T. and Edmundson-Bird, D.,
2015. Digital business and e-commerce management.
Pearson UK.
 Cleden, D., 2017. Managing project uncertainty. Routledge.
 DeMarco, T. and Lister, T., 2013. Waltzing with bears:
Managing risk on software projects. Addison-Wesley.
 Du, J., Leten, B. and Vanhaverbeke, W., 2014. Managing open
innovation projects with science-based and market-based
partners. Research Policy. 43(5). pp.828-840.

Thank You