Unit 6: Managing a Successful Business Project: ASDA Talent Management

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This report examines talent management strategies, focusing on an ASDA case study. It explores project aims, objectives, and the formulation of strategies for retaining and attracting talented workforces. The report includes an overview of research, project management plans, work breakdown structures, and Gantt charts. It details a small-scale research project, presenting findings and data, followed by recommendations and a reflection on the project's value. The study emphasizes the importance of talent management in achieving organizational goals, including motivation, training, and effective resource utilization. The research utilizes both qualitative and quantitative methods to understand factors influencing talent management, with the goal of providing insights into effective strategies for employee retention and overall business performance.
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Unit 6: Managing a Successful
Business Project
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Table of Contents
TITLE..............................................................................................................................................3
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
TASK 1............................................................................................................................................3
P1 Project aims and objectives...............................................................................................3
AIM.................................................................................................................................................4
OBJECTIVES..................................................................................................................................4
P2 Project management plan..................................................................................................5
P3 Work breakdown structure and Gantt chart......................................................................7
TASK 2............................................................................................................................................9
P4) Small-scale research to meet project aim and objectives.................................................9
TASK 3..........................................................................................................................................11
P5) Present findings and data...............................................................................................11
P6 Recommendation.............................................................................................................20
TASK 4..........................................................................................................................................21
P7) Reflect value on the project...........................................................................................21
CONCLUSION.............................................................................................................................21
REFERENCES..............................................................................................................................22
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TITLE
To analyse and understand about different strategies which are used by organisation for
retaining and attracting talented workforce in organisation. “A case study on ASDA”.
INTRODUCTION
The project study states to understand about formulation of strategies which is used to
retain capable candidates within organisation premises. Managing and implement of different
strategies, policies and methods support an organisation for generating productive changes
which induced management for retaining effective workforce within organisation. An
organisation accomplishes short and long term goals through achieving their targets in specified
time-period (Mattel, 2019). Talent-management perform an important role for generating
productive changes by attracting and retaining talented workforce specifically those who are
highly skilled and capable to perform organisation operations. Talent-management is a continues
process which is used to retain effective and quality workers in order to enhance overall
organisation productivity. With effective utilisation of resources specifically human asset
management formulate longer results by retaining skilled employee's in organisation. ASDA is
selected as an organisation for this report and it is a British supermarket retail organisation which
was established in 1949. Along with ASDA is performing their work at a large level for fulfilling
individual requirements through offering a large variety of products. Aim & objectives, time-
frame, and research methodology to perform research in an appropriate manner will also be
included in this report which helps for generating meaningful results from research activities.
MAIN BODY
TASK 1
P1 Project aims and objectives
Overview of research- The selected topic for this research is talent-management and this
is required by an organisation for accomplish of goals and objectives by engage of effective
workforce in organisation (Czuchry and Yasin, 2018). Along with this by formulation of
specific strategy ASDA and it's management is focused towards completion of work with motive
of generating emphasis related with talent-management that helps to retain capable candidates
for a longer period. Motivation and training are the main sources which is used by respective
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organisation for retaining skilled workers within organisation. Moreover, this is also important
for researcher to formulate effective strategies for retaining and attracting skilled employees.
Adequate research is conducted by researcher for generate about best strategies to retain
effective employees in organisation in order to perform all task with decided steps. The reason to
conduct this research is to perform all work through understand of work aspects that is related
with strategies through which work is completed for retain capable workforce (Van Grembergen
and Amelinckx, 2017). It determine work is managed with understand of workforce model to
identify and fulfil their needs in an appropriate manner.
AIM
To analyse and understand about different strategies which are used by organisation for
retaining and attracting talented workforce in organisation. “A case study on ASDA”.
OBJECTIVES
To manage and understand about all factors related with talent-management.
To analyse all those factors that is important for retaining potential workforce in an
organisation.
To determine and understand all principles which is used by organisation for performing
work related with talent-management.
To acknowledge about importance of talent-management for improving overall business
performance.
Research Question
Explain all those factors that is related with talent-management of an organisation?
What are the important factors of talent-management to attract and retain potential
workforce?
Explain all principles that support organisation to engage talented workforce?
Project management
The term project management is explicated as an application of processes, skills,
knowledge and method that is required for completing project in an organised manner.
According to project acceptance researcher is consider towards final deliverables to perform
work with decided time-scale and budget (Archibald, 2017). It involves development of factors
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to perform project activities in an organised manner. Different stages of project management are
mention as follow:
Project Initiation- This is first phase of project life-cycle and it is used for measuring
project value and feasibility. Basically, project manager utilises different tools such as
business case document to generate meaningful research.
Project planning- Once project action is approved than researcher plan and guide team
to manage work according to decided steps (Howson, 2017). Further, with formulation
of well effective project plan management guide and gather all resources which is
required to perform project activities in a decided time-frame.
Project execution- This is most common phase which is associated with project
management. By executing all project steps researcher is focused towards generating
and delivering appropriate deliverables to perform project in an organised manner.
Team leaders implement project plan actions according to assigned task.
Project controlling and monitoring- Monitor and control of activities relates with
execution of project action through performing all work at the same time. Research
team execute project plan to monitor research progress constantly.
Project closure- The last stage relates with project closure activities and they deliver
finish project to customer. All steps that is related with project life-cycle allow team for
evaluate and document project. Moreover, project closure activities aid to perform work
by complete them with more efficiency.
Manager control and handle multiple project at a same time so with formulate and combine
of all activities management ensure that every project is completed in a successful manner.
Managing project is a complex task so with use of project management tools project is
completed according to decided plan and schedule. It generates benefit for researcher to
complete research in proper manner (Meredith and Zwikael, 2019). Moreover, effective task
delegation also benefit researcher to perform research in a smooth manner for completing all
programmes easily.
P2 Project management plan
A project management plan refers to formulation of a formal paper or document which is
used for examining all project action for understand how a project is completed. This also
abstract about goals, scope, time-line, budget etc. for completing the project according to
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decided path. This also consists about different objectives and targets which is required by an
organisation to achieve in decided time-period. With implement of appropriate changes
organisation considered about all those task which is used to perform work in a systematic
manner. This also promote appropriate learning and development for completing project in an
organised manner (Young, 2018). Moreover, in addition with this document researcher is
focused to perform all work with decided knowledge and information.
Cost- This is defined as the basis in which certain amount which is required by
researcher for conducting research appropriately is included. The cost aspect considers to
complete research in an effective manner through performing task with decided budget. It
also includes travel cost, legal fees and equipment cost which is required by researcher
for performing research in an effective manner. Moreover, researcher focus to complete
project in decided-budget which is £ 200.
Time- The time element defines overall period of time and it undertake the researcher for
performing research activities with decided path. Researcher perform their research in
decided time and the estimated period for completion of this research is two months. It
also aids researcher for completion of project by decided time-frame to manage research
in minimum time.
Scope- This generally undertakes and define about detailed period that is used to
formulate long term strength by performing research related with talent-management.
Investigator decided the area of talent-management for identify and understand of
research topics through which work with engage of effective workforce. Moreover, with
adopt of appropriate strategies related with talent-management researcher aids to perform
research in minimum time-period (El-Adaileh and Foster, 2019). Moreover, researcher
also enhance knowledge related with skilled employees to perform and manage research
through engage of different team members.
Quality- One of the most important framework that is used by researcher aids to perform
all actions and activities to manage task in decided time-period. With inspire about
proper information researcher is focused to perform all actions according to proper
collection of data that is related with current market. Researcher utilise both primary and
secondary methods of data-collection to perform research with meaningful information to
manage task in a proper manner.
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Communication- One of the most important method to perform research is to share
information through use of appropriate communication tools. With understand of all task
this is easy to perform research through communicating all data and information by use
of laptop and phone-calls. This aids researcher to perform research to complete task by
use of authentic tools to complete research in proper manner.
Risk- This involve the uncertain aspects that happened in the future due to which
organisation efficiency is impacted. Profitability and outcome of research is changed if
management face uncertainty related aspect to perform research in an effective manner.
Moreover, risk relates with each activity so to minimise it researcher ensure that all work
is done by analysing proper aspect to manage task in a suitable manner for obtaining long
term stability in a competitive market (Phillips and Phillips, 2018).
Resources- All aspects that is required by researcher for performing research come under
the category of resources that include facts, figures and tools that is used to complete
research in proper manner. Human resource, internet, printer, paper etc. are required by
researcher for completion of this research. Moreover, this is also used by researcher for
performing research in a satisfied manner. This also results better outcomes is generated
by use of all those resources that relates with information and data of talent-management.
P3 Work breakdown structure and Gantt chart
Gantt chart- The term Gantt chart is explained as a software that is also known as
project programming, project establishment and project planning. This also mechanised about
analysing and assist of Gantt chart that is needed to build project dependence for identifying
difficult path of task. This also analyse about different dates of project that include project initial
data and project end date. The main role of Gantt chart is to generate technical project
management and it enable to track all project activities that how they are working. It also results
this is easy to compare each task with other (Im, Nam and Cho, 2020). Moreover, it also enables
organisation to identify how project is viewed as a whole. This is also useful to lead and
complete project in an easy manner.
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Work-break down structure- This is explained as a method which is used for
identifying techniques that is related with project administration. The main role of WBS is to
boundary the project and then delegate into smaller parts for completing all task in a controllable
manner. Moreover, this also leads the team work into administrative section in order to generate
sequence for completion of project to build appropriate project action. This also leads objectives
of project to perform work according to decided organisation (Besser and Miller, 2019). WBS
also focus on original product, it is required for performing products according to decided action.
This also allow finer estimation related with price, period of time and hazard in order to perform
work with decided action to manage all work by dividing into small project.
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TASK 2
P4) Small-scale research to meet project aim and objectives
Research is performed for conducting appropriate knowledge that is related with specific
aspects through which learning is process in an organised manner. With performing all task
according to decided research this is easy to analyse and manage all information through which
longer results are gained through manage task with decided areas. Basically there are methods of
research exists that is mention as below to perform research in an organised manner.
Qualitative method- With understand of qualitative method all information and data is
gathered through performing interviews, first-hand observation, questionnaire and manual
recording to complete all research in an organised manner. Moreover, quantitative method also
involves about collection of non-numerical data through which all work is completed by analyse
of different concepts, experience and opinion to perform research with decided ideas in order to
generate longer results (Nah, Lau and Kuang, 2019).
Quantitative method- The is used to generate and emphasis on all measurement that is
related with statistical, numerical, mathematical analysis. This also define all data which is
gathered relates with parallel aspects of survey, questionnaire and manipulation of all statistical
data to convert them into computational techniques.
Sources of Data-collection
Primary sources- This is an appropriate kind of source because this is used by
researcher for collecting all data that is a simplified manner specifically to collect all
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information related with a particular topic. It is also processed to collect and gather
desirable outcomes for completing all task in specific manner. Moreover, methods of
primary data-collection is a time-taking process but this helps to collect all data that is
accurate and informative.
Secondary source- This is defined as a method of data-collection in which all
information is gathered through use of financial sheets, journals, magazine, organisation
record. It also aids to perform all work with research purpose but it is minimum time-
consuming process and it aids to collect all information with proper manner.
With collect all information researcher aids to gather all information with use of primary
research methods (Messner, 2017). This is because primary research aids to formulate
questionnaire that support to gather information with related topic.
Sampling- The term sampling is collected as a procedure which is used to formulate
statistical analysis. This is used to predetermine all observations that is used to calculate all data
about larger population. It is also explained as a methodology which effects about all process to
take solutions from respective respondents. The sample size for this research is 30.
Questionnaire
Quantitative question
Q1) Do you aware about all factors related with talent-management or workforce of an
organisation?
A) Yes
B) No
Q2) According to you talent-management is essential for measuring sustainability growth to
success over a period of time?
A) Yes
B) No
Q3) Does ASDA management work for retain and attract effective employee's through induce
of appropriate talent-management strategies?
A) Yes
B) No
Q4) Which type of strategies is implemented by ASDA to promote talent-management among
organisation?
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A) Elaborate job description
B) Methods to gain success
C) Guidance according to professional
Q5) What are the major impacts of talent-management on ASDA workforce?
A) Retaining of skilled workforce
B) Increase in performance of employees
C) Reduce turnover of workforce
Q6) Which major factors is obtained by ASDA after managing talent-management in
organisation?
A) Motivated employee's
B) Increase in Interpersonal abilities
Q7) What are the major initiatives is obtained by ASDA to induce talent-management among
workforce?
A) Transfer or job rotation
B) Development and training
Qualitative questions
Q8) What major strategies is implemented by ASDA to enhance the work productivity of
organisation?
Q9) Which initiatives is taken by ASDA for attract and retain potential employee's in
organisation?
TASK 3
P5) Present findings and data
Q1) Do you aware about all factors related with talent-management or
workforce of an organisation?
Frequency
A) Yes 15
B) No 15
Q2) According to you talent-management is essential for measuring
sustainability growth to success over a period of time?
Frequency
A) Yes 20
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B) No 10
Q3) Does ASDA management work for retain and attract effective
employee's through induce of appropriate talent-management strategies?
Frequency
A) Yes 14
B) No 16
Q4) Which type of strategies is implemented by ASDA to promote talent-
management among organisation?
Frequency
A) Elaborate job description 10
B) Methods to gain success 10
C) Guidance according to professional 10
Q5) What are the major impacts of talent-management on ASDA
workforce?
Frequency
A) Retaining of skilled workforce 7
B) Increase in performance of employees 8
C) Reduce turnover of workforce 15
Q6) Which major factors is obtained by ASDA after managing talent-
management in organisation?
Frequency
A) Motivated employee's 18
B) Increase in Interpersonal abilities 12
Q7) What are the major initiatives is obtained by ASDA to induce talent-
management among workforce?
Frequency
A) Transfer or job rotation 16
B) Development and training 14
Q8) What major strategies is implemented by ASDA to enhance the work productivity of
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