Challenges and Obstacles in Talent Management

Managing a Successful
Business Project
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Table of Contents
Topic: “What are the key challenges and obstacles faced by different business sectors in context
of talent management” ....................................................................................................................3
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
P1 Devise project aims and objectives .......................................................................................3
P2 Project management plan (PMP)...........................................................................................4
P3 Produce a work breakdown structure and a Gantt Chart ......................................................6
P4 Carry out small-scale research applying primary and secondary methods ...........................9
P5 Present findings and data using appropriate tools and techniques.......................................11
P6 Reflection.............................................................................................................................14
CONCLUSION .............................................................................................................................15
REFERENCES .............................................................................................................................16
Appendix........................................................................................................................................18
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Topic: “What are the key challenges and obstacles faced by different business
sectors in context of talent management”
INTRODUCTION
Talent management is process of developing and attracting and retaining employees,
motivating them and developing their skills and capabilities in order to improve there
performance at working environment. The primary objective of the talent management is to
create a motivated workforce and helps them to retain in business environment for long run. To
run for the long business it is important for the organisation to follow equality and diversity so
that business objectives and goals can be achieved at a definite time period (Ali and et.
al.,2018). The organisation which is chosen in this project is Marks and Spencer, it is the British
multinational retailing company which has a headquarter in London. The respective company, is
founded in 1884 by partnership between Michael Marks and Thomas Spencer. It has 959 stores
in United Kingdom. In this report all research objectives and goals are defined which helps to
find out the solutions of certain problems. Project management plan of Marks and Spencer is
prepared that consist all organisational goals to accomplished in pre defined time period with
having great quality and communication and reduce the rick and allocation of resource in
effective manner. Work break down structure and Gantt chart and all stages to their completion,
appropriate research method is very important to meet all research objectives are mentioned.
Present findings and appropriate tools and techniques of data using are covered, so data can be
effectively utilised to achieve organisational objectives. Effective communication and
recommendations plays important role to draw significant conclusion of organisation. Values are
helpful to achieve organisational objectives, evaluate their performance and able to improve
learnings, all aspects of value is covered in report.
MAIN BODY
P1 Devise project aims and objectives
Company overview
Marks and Spencer is the British multinational company which is situated in United
kingdom. Now it is operating in more than 1,463 stores in all over the world. Company was
founded in 1884 by Michael marks and Thomas Spencer. Company deals in selling clothes, food
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products, home appliances etc. There are about 80,000 employees working currently in the
organisation.
Aim of research
“To determine the key challenges and obstacles facing by Marks & Spencer related to
talent management.”
Research Objectives
 To understand the concept of talent management.
 To determine the challenges faced by Marks & Spencer related to talent management.
 To identify the measures to overcome from talent management challenges.
Research questions
 What is the meaning of talent management?
 What are the challenges faced by Marks & Spencer related to talent management?
 What are the measures that can overcome from talent management challenges?
P2 Project management plan (PMP)
A project management plan is the plan which is a formal document that defines how a
project is going to be carried out. It involves scope, budget, goals and timeline and deliverables
of the project (Shrivastava and Rathod, 2017). It is essential for keeping an project into the track.
It is a written plan which is made to identify all the stages of the project in a very appropriate and
schedule manner. There are several stages that are to be used in making a project plan. These
starting initiation of the project, then execution and monitoring and controlling to closing of the
project. The main purpose of this project management plan is to develop a structure and
identification of all the information that is required for the project development. So that this will
be communicated to all the stakeholders of the company. Components of a project management
plan are discussed below:
 Scope: Scope refers to the documenting and determining of some aspects related to
projects. These are Goals, deliverables, task etc. Project aims at talent management and
this will helps the company in retaining talent management in the business environment.
On the another aspect, research is knowing about the challenges and barriers faced by the
company and how company can overcome from these barriers and challenges
(Dziekoński 2017).
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