Talented Management Strategies Adopted by Successful Business Firms: A Case Study on Waitrose

UNIT-6

Table of Contents
TITLE: An investigation into the talented management strategies adopted by successful business
firms. A case study on Waitrose......................................................................................................1
TASK A...........................................................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
RESEARCH AIM:...........................................................................................................................1
RESEARCH OBJECTIVE:.............................................................................................................1
RESEARCH QUESTIONS:............................................................................................................2
Project Management Plan.......................................................................................................2
Research Methodology...........................................................................................................6
Literature Review...................................................................................................................7
Primary Research....................................................................................................................8
Primary Data analysis.............................................................................................................9
Communication of Recommendations.................................................................................13
TASK B.........................................................................................................................................14
PERSONAL PERFORMANCE REVIEW..........................................................................14
TASK C.........................................................................................................................................15
Covered in Power Point Presentation...................................................................................15
TASK D.........................................................................................................................................15
Project Logbook...................................................................................................................15
CONCLUSION..............................................................................................................................17
REFRENCES.................................................................................................................................18

TITLE: An investigation into the talented management strategies adopted by
successful business firms. A case study on Waitrose.
TASK A
INTRODUCTION
Talent management is defined as the process of recruiting highly skilled employees and
ensuring that the employees stay with the company for long time period to form a talented and
skilled workforce. In the current corporate world where human resources are invaluable asset of
business firms, talent management plays an important role in ensuring long term survival of
business firms with stable profitability. The common factor in various successful business firms
is the presence of an effective talented management strategy which helps in creation and
sustainment of workforce which givens the company competitive advantage. The business firms
selected for the present report is British retailor Waitrose. Waitrose is British retail chain which
was formed in the year 1904 and was acquired by John Lewis Partnership which is an employee
owned business. The primary market of the firm is UK but they also sell their products to 52
nations including the Middle East by exporting. The company has recruited more than 50,000
workers to conduct various business operations smoothly. The present report aims to identify
talented management strategies which can be utilised by Waitrose to gain and retain skilled
workers.
MAIN BODY
RESEARCH AIM:
To identify the best talent management strategies used for creation and sustainment of
skilled workforce. A case study on waitrose.
RESEARCH OBJECTIVE:
 To understand the fundamentals of talented management
 To analyse the impact of talent management on employee performance
 To identify talent management strategies adopted by successful business firms
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 To determine obstacles faced by business firms in effective implementation of talent
management strategies
RESEARCH QUESTIONS:
 What are the fundamentals of talented management?
 What is the impact of talent management on employee performance?
 What are the talent management practices adopted by successful business firms?
 What are the obstacles faced by business firms in effective implementation of talent
management strategies?
Project Management Plan
A document that outlines the project's scope, timing, budget and other deliverables. The
following is the project management strategy for the current study:
Scope
The scope of the research is vast, and it assists the investigator in successfully removing
barriers to achieving research objectives. This study supports the investigator in greater
efficiently finishing future research and acquiring knowledge on techniques used by business
entities to attract, manage, and retain qualified personnel for the organization's continuing
success.
Milestones
The time bound completion of this research required completion of important steps and
actions. The initial part of this research is the development of research objectives, research goals,
and research questions, which will guide future research activities. The analysis covers a
research project of the literature on talent management practises used by other firms, which is an
essential aspect of this investigation. Another essential step of this study is primary research,
which involves the creation of a questionnaire that will be carried out by Waitrose workers. This
step gives information regarding the talent management strategies utilised within Waitrose. One
of the most vitals aspects of the investigation is presenting the investigation outcome. This is
assisted by the personal performance review which provides information about the investigation
proves and the role of the project on individual and professional development
Budget
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It's an important aspect of the research since it provides details on the resources required to
successfully complete the research (Sentas and Pandolfini, 2017). The budget includes the
financial resources which are needed to effectively complete the resources. The details about the
expenditure of the research are given beneath:
Articles Expanse
Transferable mainframe £490
Internet linking £100
Writing supplies £124
TOTAL £714
Quality
The objective of this part of the project management strategy is the level of data offered
for conducting this research (Kerzner, 2017).
It is vital to obtain relevant and accurate data to complete the study as this delivers
correct research findings. The current research has been conducted using high-quality
information.
Communication
This section of the project management plan specifies the communication techniques that
will be utilised to complete several activities for finishing the investigation and modifying data
gathered for this study (Boyle, 2017). The questionnaire, which comprises of specialised
questions for this investigation, which attempts to investigate talent management practises used
by Waitrose to recruit and retain staff which is conveyed with the help of email. For the purpose
of conducting this research, written communication means such as email, as well as verbal
communication techniques, were used.
Resources
This section of the project management plan is mostly concerned with the resources necessary to
complete the study (Duff and et. al., 2019).
 Transferable mainframe: 490
 Internet linking: 100
 Writing supplies: 124
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Gantt chart and work break down structure
The procedure of project planning and scheduling is completed with the assistance of
Gantt chart. Gantt charts are used to optimise complex projects and confirmed the timely
completion (Galli, 2020). A horizontal bar chart is used to illustrate the activities and timing of
the project. The chart illustrates project beginning and completion dates, deadlines, and
information on how much a job is performed at each point of the project
The Gantt chart graphically illustrates the project with dates, deadlines, and the interrelationship
between different project processes, as well as details about every stage of the plan. The use of a
Gantt chart assists in the timely completion of this research project without impacting on the
value of the investigation (Varajão, Fernandes and Silva, 2020).
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