Innovative Ways of Talent Management: A Study on Marks and Spencer

Managing a successful
business project

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? A study on Marks and Spencer...1
Section 1- INTRODUCTION..........................................................................................................1
Research aim................................................................................................................................1
Research objectives.....................................................................................................................1
Research Question.......................................................................................................................1
Section 2- Project Management plan...............................................................................................2
Gantt chart and Work breakdown structure.................................................................................3
Section 3- Research Methods..........................................................................................................4
Section 4- Findings and Recommendations....................................................................................6
Section 5- Evaluation.....................................................................................................................10
Section 6- Conclusion....................................................................................................................11
REFERENCES..............................................................................................................................12
APPENICES..................................................................................................................................13

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? A study on Marks and Spencer
Section 1- INTRODUCTION
Talent management is undertaken as method which is adopted by firm to grab attention,
retain, develop, maximising talented and proficient personnel for long time duration. In addition
to this, it is essential for firms to concentrates upon retaining proficient staff as this aids to gain
high success at market area. Additionally, this is crucial for entities for concentrating upon
accomplishing staff requirements so that they would stay at business for longer term. For this
report, the undertaken company is Marks & Spencer which is known to be the leading
multinational retailer within United Kingdom. It is established in year 1884. They mainly deals
in food products, home products and clothing. The topics which are going to be discussed in this
report are aim, objectives, questions and project management plan. Moreover, research methods
and recommendation. Apart from this, reflection are also described depends on whole experience
obtained by researcher.
Research aim
“To determine the innovative ways and new initiative of working applied by organisation
to accomplish the talent management strategic approach”. A study on Marks and Spencer.
Research objectives
 To determine the effectiveness and concept of talent management.
 To evaluate the various innovative ways of working applied by M&S to achieve talent
management strategic approach.
 To analyse the several problems faced by company during implementing innovative ways
and new initiative of talent management into entity.
Research Question
 What are the effectiveness and concept of talent management.
 What are the various innovative ways of working applied by M&S to achieve talent
management strategic approach.
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 What are the several problems faced by company during implementing innovative ways
and new initiative of talent management into entity.
Section 2- Project Management plan
It is a method through which plan is made to assist different activities occur during project.
In other words, it is a written document which consists of proper planning regarding work and
information to accomplish desire task. Project management plan is responsible for controlling all
kinds of task which are related to project like, allocation of resources, keeping records and many
more. To achieve desire aims and objective, researcher has to cover different elements which are
explained briefly below:
 Cost: It is one of the important aspects which any project management plan which
required completing task effectively. For conducting research, money is essential to
carry forward research activities. For this particular report £100 is the estimated amount
which is required throughout the project.
 Time:This indicates the time taken for the completion of work successfully. It is vital for
researcher to provide research work on respective deadline. This investigation process
will take around 5 week to cover task as per guidelines.
 Quality: Maintaining quality in the report improves authentication as well validity of
respective work. The quality refers to the data collected and information gathered from
the respective sources. Hence, researcher has to collect data which is realised and provide
crediblereferences to establish quality in the research.
 Risk: Information collected from the candidate may have risk which needs to be
identified by researcher. Apart from this, information collected from the different sources
haspossibility of risk and data cannot reliable.
 Communication: It is an effective tool through which researcher can gather information
which is useful in respective topic. Communicating with different customers, suppliers
and other department helps to provide better insight regarding research topic.
 Scope: This is considered as broader term and before starting any project scope is
decided. Furthermore, it assists management to focus on desire aims and objective which
helps in increasing productivity. It is important for any researcher to widen the scope and
have proper planning to avoid any kind of risk and uncertainty present in the report.
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