Managing a Successful Business Project: Talent Management in Asda Stores

This report focuses on the role of talent management in the success of Asda Stores. It discusses the aims and objectives, evaluates the project management plan, designs a work breakdown and Gantt chart. It also carries out small-scale research using primary and secondary methods to explore talent management strategies, benefits, and challenges faced by Asda Stores.

Unit 6: Managing a Successful
Business Project
1

Contents
INTRODUCTION...........................................................................................................................4
P1. Discuss Aims and Objectives................................................................................................4
P2. Evaluate Project Management Plan......................................................................................5
P3. Design Work Break down and Gantt Chart..........................................................................7
LO2..................................................................................................................................................8
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives...........................................................................................8
LO3................................................................................................................................................10
P5 Data Interpretation...............................................................................................................10
P6: Recommendation................................................................................................................14
LO4................................................................................................................................................15
P7: Reflection............................................................................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................18
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3

INTRODUCTION
The Talent management is practise and study of Human resource theories where it
depicts about to identify the potential employees among between in premises where it mainly
regulates to effective approach for hiring and promoting high performer employees to better
retain the perfect and suitable competence of manpower in organisation. As the necessity of
talent management is to better organise where they retain top talent where they improvising
employee on the basis of their skills and knowledge(Layton,Ostermiller, and Kynaston, 2020).
In this report, the organisation is taken as Asda Sores, it is a supermarket chain in which
it situated in Leeds, England. They majorly deals with grocesories and type of supermarket retail
venture. As per report, there is formal oriented discussion on talent management in which it
majorly work on different attributes in which aims and objectives are mentioned. Apart from it,
further topics are also involves such as better project management, reflection along with
recommendation for better succession planning.
Task 1.
P1. Discuss Aims and Objectives.
Research Aim:
“To Study role of Talent management in success of an organisation. A Case Study on
Asda Sores.”
Research Objective:
 To study about importance of Talent management at workplace.
 To determine numerous challenges that can be face by Asda in implementing talent
management.
 To evaluate different type of strategies of talent management that can be implemented by
Asda to attract and retain employees.
Research Question:
 What is the importance of Talent Management at workplace?
 What are numerous challenges that can be face by Asda in implementing talent
management?
 How to evaluate different type of strategies of talent management that can be
implemented by Asda to attract and retain employees?
4

LITERATURE REVIEW
Importance of talent management at workplace
On the perspective of Bonneton, Festing, 2020. The major importance of talent
management is to benefit for organisation like Asda Stores as well as their employees. the
administrative or human resource department is having responsibility to enhance identify better
high productive generate manpower within organisation premises. This helps to better promotes
and provide organisation new benchmark in terms of effective workforce. For the management
engages having proper procedure to maximise the individual employees’ performance within
scrutinize the total outcomes.
Numerous challenges face by Asda company to implementing talent management.
As per the opinion of Liang and Howard, 2020, In an organisation where employees are
facing number of significant challenges while better establishing of proper and systematic talent
management program. By scrutinize and measure challenge of talent management in Asda Stores
is impact on working culture. As Asda Stores management team has been faces more challenges
for increasing and building better relationship between superior and employees which is having
effective skilled workforce in retail experienced and long term period of time.
Different types of strategies about talent management for implement in Asda Stores.
According to the human practise knowledge, development and individual growth of
employee is contain long term suitability as well as it enhance essential for Asda Stores or any
other organisation to treat workforce by managing in organisation. For importance of talent
management is comprising various strategies like training and development and performance
management which are major challenge to provide better increased in professional guidance in
effective manner(Litvinenko and et. al., 2018).
P2. Evaluate Project Management Plan.
The term Project Mangaement plan is helps to generating formal base documentation
where it highlight overall main factor topics which come across in report such as aims and
objectives, better deliverables goals, report or research timeline along with preparation of budget
that implement to execute better work project to reduce the risk or uncertainty(Planko and et. al.,
2017). Some of specification is majorly involves factor like elaborates:
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Cost involvement:The Estimation of is include amount is presuming through the
assorting of accomplish of all underline activities towards project objective. As per the this
research report is estimating around £70,000 is expected.
No of Task Total Cost
Involve(Pounds)
Valuable Paper Work 2000
Resources acquired 30,000
Hiring Experts and
Manpower
20,000
Raw Material used in
Research
5000
Total 57000
Scope: According to this factor which is enhance various factor that involves elements
that relates towards better project related function, by deliverables in better format, declined the
task. This can be interpreted on the basis of current project is been regulated on talent
management that comprise wide range of scope which defines high growth(Tarhini, Yunis and
El-Kassar, 2018).
Quality: It is one of factor that mainly involves important aspect through which aspect to
ensure by the research that they must attain optimum standard of specific research report. In
order to ensure for fulfilling present project objective that highly standard quality is necessary
information is allowed to maintain transparency. As per this research outcomes it mainly
generates better side of positivity and flexible way to optimise favourable outcomes in better
format. Finishing in on time is depicts about better accuracy to provide working regulation that
better enhance better work line between work and life along with it generates better positive
work outcomes. There is another factor that is having to raise better example for where it seems
to having chance to not harm physical outcomes.
Effective Communication: This factor which is necessary and involvement of proper
communication to which objective get to attain in effective manner. With having proper
communication is unnecessary where the issues can be removed. As per the order to attainment
through online conversation, email, mode of telephonic communication(Veena, Jigeesh and
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Bhat, 2019).The motive to communicate between researcher and targeted people on selecting
employees from Asda stores, to must having effective way communicate with employees and
superiors.
Involvement of Risk: This is the factor that needed to be effectively that consider an the
researcher where the risk affect accomplishment of project in various ways to accomplish targets.
By enhancing better conducting present research as in effective manner by providing evaluate
the risk through better allocation of information within valuable sources. Due to Financial risk is
creates uncertainity that can able to enhance more complexity that evolves through not getting
proper investment or lack of funds which is used in research to scrutinize better allocation of
objectives about talent management.
P3. Design Work Break down and Gantt Chart.
Work Break Down Structure.
By highlight define about the hierarchical tree structure that basically determined within
the project which measurable that is part of research(Rouyre and Fernandez, 2019). T
Time Break down
Project 10 Weeks
Course of work Hours 6 hours
Internal work process 3 Hours
Total 19 hours
Gantt chart .
This framework of chart is depicts about important way to underline where overall
activities involved to be having required by effective conduct on the basis of project against time.
Through better approaching time taken advantages through better Gantt chart where the research
is involves more further project to initiates for further process in an effective manner. From the
helps and proper instructing and interpretation of project driven can be better sufficient in
effective way(Zarzu and Scarlat, 2017).
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LO2
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives
Primary research-
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In this form of data collection information’s are required on direct basis from fresh
sources like online survey, interviews, etc (Leggat, Liang and Howard, 2020). In this data
collection method research is required to invest cost and time.
Secondary research-
In order to acquire information from secondary sources data get collected from published
reports, articles, journals, books, internet sources, etc. One of the most important advantages of
secondary research involves investment of less time and cost.
In order to accomplish objectives of present research researcher will use both primary
and secondary data collection methods (Swailes, 2020). Main motive of using both of these data
collection method is to enhance research outcomes effectiveness.
Quantitative research-
In this methodology data is basically depicted in numerical or statistical form. It involves
different methods such as observations, interviews and surveys.
Qualitative research-
In this research methodology collection and evaluation of data is mainly depicted in non-
numerical form (McDonnell and Wiblen, 2020). With the help of qualitative research researcher
mainly am towards having proper understanding of opinions, experience and concept of
respondents. This methodology involved methods like literature review, open ended questions
and more.
In order to accomplish present research researcher is using qualitative method in order to
effectively evaluate attitude and different perspectives of customers.
Questionnaire:
In this certain number of questions is being formulated by researcher in order to conduct
a survey or study. Main aim behind this is to determine perceptions and viewpoints of selected
individuals in order to fulfil objectives of research. In context with present research researcher
selected 30 sample sizes of respondents.
Questionnaire
Q1) Are you acquitted with the notion of talent management? Frequency
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a) Yes 20
b) No 10
Q2) Do you think talent management strategies aid an organisation to
attract and retain people?
Frequency
a) Agree 25
b) Disagree 5
Q3) Do you think talent management enhances productivity of
organisation?
Frequency
a) Yes 15
b) No 15
Q4) According to you what is the benefits of talent management
strategies?
Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Q5) What are the challenges ASDA can face while implementing talent
management strategies?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
Q6) Which talent management strategies are being adopted by ASDA? Frequency
a) Mentoring 15
b) Career development opportunities 15
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LO3
P5 Data Interpretation
Theme 1: Notion of talent management
Q1) Are you acquitted with the notion of talent management? Frequency
a) Yes 20
b) No 10
Interpretation:
Talent management play most important role for an organisation that facilitate
management to manage employees in a well defined and effective manner. According to the
above mentioned graph it has been identified that 28 of 30 respondents said that they are aware
with solution of talent management as it allow organisation to enhance knowledge and skills of
employees. While if it is talked about remaining 10 respondents out of 30 it has been identified
that they did not have knowledge of this concept.
Theme 2: Talent management strategies aid an organisation to attract and retain people
Q2) Do you think talent management strategies aid an organisation to
attract and retain people?
Frequency
a) Agree 25
b) Disagree 5
Interpretation:
There are number of talent management strategies through which company can
effectively retain and attract individuals for longer period of time (Mishra and Mohanty, 2020).
As per the above analysis of graph it is been underlined that 25 out of 30 respondents said that
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they think with the help of talent management strategy company can retain an attractive people
as these strategies allows company to enhance workers capabilities and confidence. While on the
other hand remaining 5 respondents did not agree with this fact.
Theme 3: Talent management enhances productivity of organisation
Q3) Do you think talent management enhances productivity of
organisation?
Frequency
a) Yes 15
b) No 15
Interpretation:
Talent management strategies have effectively enhance overall productivity of an
organisation (Wassell and Bouchard, 2020). As per the evaluation of above mentioned graph this
is been determined that with the help of talent management company can enhance their
productivity as it increases existing level of knowledge and skill of employees and automatically
makes increase in company overall productivity. While remaining 15 respondents did not agree
with this facts as they consider other areas more important to enhance productivity of company.
Theme 4: Benefits of talent management strategies
Q4) According to you what is the benefits of talent management
strategies?
Frequency
a) Development of Employee 10
b) Improved Employee Experience 10
c) Increase in Employee and Manager Engagement 10
Interpretation:
Talent management strategy benefits in organisation in a number of ways. It has been
identified from the above given graph that 10 respondents out of 30 said that one of the most
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important benefit of talent management strategy that it develops employee in overall aspects.
While remaining 10 respondents said that talent management strategy enhance experience of
employees(Abd Majid., 2020). While remaining 10 respondents said that with the help of talent
management Strategies Company can effectively enhance engagement among manager and
employees in an effective way.
Theme 5: Challenges ASDA can face while implementing talent management strategies
Q5) What are the challenges ASDA can face while implementing talent
management strategies?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
Interpretation:
During the process of implementing talent management strategies there are number of
challenges that can be faced by company. According to the analysis of above mentioned graph it
has been identified that 18 respondents of 30 said that the major challenge that ASDA face while
adopting strategies of talent management is assessment of performance(Chen, Zhou and Su.,
2017). While remaining 6 said compensation is major challenge that affects company
implementation process of talent management strategy. While at last 6 respondents out of 30 said
training and development is the major challenge of talent management strategy as manager it
require to enhance skills and abilities of different employees by evaluating them on different
bases.
Q6) Which talent management strategies are being adopted by ASDA? Frequencya) Mentoring 15
b) Career development opportunities 15
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Interpretation:
According to the above mentioned graph it has been evaluated that 15 out of 30
respondents said that ASDA is taking use mentoring talent management strategies. While on the
other hand, remaining 15 out of 30 respondents said ASDA use career development opportunities
strategy for managing talent.
Secondary research
According to the analysis of various aspects that are given in Talent Management: A
focus on Excellence book it has been evaluated that individuals need skills and competencies on
continuous basis to perform objectives with more effectiveness. In this management is having
most important responsibility to design sequence of talent management practices in order to aid
employees to have desired level of expertise. In addition to this, according to The Talent
Management Handbook by Lance A. Berger & Dorothy R. Berger with the help of performance
appraisal and potential forecast talent can be effectively managed by organisation.
Google's talent management strategies
It has been evaluated that talent management strategy of Google is based upon three pillars
that people, principles and process. Company effectively engage workforce, managers and HR in
talent in order to effectively manage in a well define and effective manner.
According to the above analysis of all three sources it has been it has been evaluated that
Google talent management strategy is more effective as compared to ASDA as Google mainly
emphasise upon three strong pillars. Thus, in this it is important for ASDA to understand Google
talent management strategies and manage talent in more effective manner.
P6: Recommendation
Talent management consist as the most important aspect represented in form business
strategy that help a firm to manage and retain employees for longer time. It helps in effective
tasks accomplishments by organisation such as- recruitment, training and development of
employee’s performance. The main aim of talent management is to superior workforce which
results in positive impact over entire business.As per this report it is observed that talent
management has wide role in terms of recruiting, providing training and retaining employees
who are better performers within organisation. Talent management has significant impact in
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terms of competitive advantages(Cronk and et. al, 2019). In context of respective organisation
practices effective talent management in organisational structure with use of several aspect and
practices. It makes significant advantage towards firm in terms of ensuring growth and
sustainability of firm in long run which assures competitive advancement of respective
organisation over rivalries. Following are the practices considering respective organisations
effective embrace of talent management:
Providing ongoing feedback to enhance performance: Talent management is important for
organisation in order to develop a process for review of employee’s performance regularly that
helps in effective undertake of performance of employees on regular basis. In terms of respective
organisation can take advantage of this for undertake advantage for opportunities though they
can resolve issues through sharing feedback(Defusco and et. al, 2017).
Identifying & rewarding high performing employees:as per this practice respective organisation
needs to find out gap between skills and competences of employees. It is also essential to fill this
gap. In context of respective organisation it requires to develop learning so as to provide
effective training to employees towards rising competencies and skills of employees that allow
the firm to enhance performance level and productivity of employees as well in a greater
manner(Zimmermann, Raisch and Cardinal., 2018).
Invest in performance based development:Through offering regular performance feedback and
employees effectiveness can be raise in effective manner that leads to positive impact of
business. Regular feedbacks make it easy for employees to take corrective actions towards
getting performance on track in effective and efficient manner. In context of respective firm it
helps in taking competitive advantages of ongoing feedback in terms of rising overall assure
faster performance appraisal through which more effective results can be assured(Eriksson,
Larsson and Pesämaa, 2017). Thus talent management plays significant role in ensuring
effectiveness in employee’s performance as well productivity level of them that has prominent
impact over business in terms of attaining higher results.
Thus it is essential for any organisation to ensure market image and long term
sustainability of firm for which employee plays significant role as an important source through
which business organisation can ensure sustainable growth of firm. In terms of respective
organisation fulfil needs of well performed and hard working employees who have high potential
that leads to enhance competences and commitments towards firm. This will impact business
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position and growth of respective organisation in significant an impressive ways. As per above
consideration it is concluded that respective business can take above mentioned in order to take
advantages so as to facilitate talent management practices which allows organisation to ensure
high profitability within markets, higher growth and development of firm.
Based on above report it is recommended to choose effective sources for getting
information. Here some sources like periodicals, surveys and reference books. Periodicals don’t
report original work, number of periodicals which specialise in interpreting & providing opinions
on developments reported in primary sources of information. Another source of information
recommended is survey based on the aim as to digest & correlate the literature over a given
period. It helps in getting answer of questions. Another source is reference books that contains
and design information itself which includes dictionaries, handbooks, formulates, tables etc.
LO4
P7: Reflection
The above report has been done on the topic and “Talent management”. While
considering of this analysis it is observation has been gone through some positive as well as
negative feelings. It has been analysed that during started stages of conducting research in more
effective manner. During these challenges like difficulty to collect and gather data from variety
of sources are comes in path. Furthermore there are also some issues and obstacles are faced by
me during this research in order to achieve research objectives. This research gone through
variety of aspects and stages comes under the path of conducting effective business research for
respective organisation. I engaged in the process of data collection for which I used several
sources such as- internet, books & journals, articles and some more methods of gathering data
for successful research purpose(Irwin, 2017). For this research in effective manner is pended
more time and efforts through effectively involve in processes of information sorting, the main
reason behind this is to ensure presentation get accomplished with great authenticity. In addition
it is added by myself towards faced difficulties in view point assessments and perceptions of
respondents that undertakes a lot of time. Due to above all obstacles and difficulties I have been
faced during conducting of effective research I felt as demotivated that affects effective
operation of research activities.
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However despite from all these obstacles this research of the topic of talent management
offered me several opportunities for development future growth of business. through conducting
of this research I captured different skills for instance critical thinking, data collection and many
more with help of which i enhanced by confidence and capabilities related to accomplishment of
research objectives in effective manner that has prominent impact on my skills development as
well as organisational performance and productivity in effective manner. Based on above
research it is considered by me towards research enhance my efficiency skills such as-
communication skills, data collection skills, time management skills and some more. Although
above discussion this project allows me to analyse my strengths and weaknesses like
communication, time management, data collection and some more has been developed during
completion of this research in effective manner (Kerzne, 2017). Critical thinking reflects benefits
such as- better control of own learning, empathy for others point of views, provide self direction,
enable effective communication etc. On the other hand it has some disadvantages also including
time consuming, needs special skills and abilities and takes efforts.
CONCLUSION
As per above discussion it is observed that talent management has prominent impact on
organisation in terms of effective management of employees performance as well as productivity
of firm. Talent management is essential for ensuring development and growth of employees at
higher level. Moreover this report explained how talent management is an effective method to
measure and permit firm to manage and retain skills and talent of employees for long run that
bring prominent aspect for business. Further management plan, work breakdown structure &
Gantt chart are provided within report so as to provide framework for completion. Moreover
research methods, data tools, recommendation are discussed in this report in for accomplishment
of effective business results. In addition reflection on value of project undertaking is considered
in order to meet objectives, self learning and performance.
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