Research Project: Strategic Approach Barriers at Next Plc

This research project investigates the barriers to strategic development at Next Plc, stemming from economic and day-to-day operational pressures. The study begins with an introduction outlining the research aim, rationale, questions, objectives, and significance. A comprehensive literature review then explores the role of strategic approaches in talent management, the challenges faced by Next Plc, and potential strategies to overcome these barriers. The methodology chapter details the research philosophy (positivism), approach (deductive), strategy (literature review and questionnaire), choices (quantitative), sampling, data collection methods, and ethical considerations. Findings are presented through data analysis and presentation of questionnaire results, followed by a discussion interpreting the data. The project concludes with recommendations and implications for further research, offering insights into enhancing talent management strategies within the company. The appendix includes the questionnaire used for data collection.

Research Project
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Table of Contents
Topic: “Barriers for the development of a strategic approach caused by economic and day-to-day
operational pressures.”.....................................................................................................................3
Chapter One: Introduction ..............................................................................................................3
Research Aim..............................................................................................................................3
Research rationale.......................................................................................................................3
Research Questions.....................................................................................................................3
Research Objective.....................................................................................................................3
Significance of the Research.......................................................................................................4
Chapter Two: Literature Review ....................................................................................................5
Introduction.................................................................................................................................5
Main body...................................................................................................................................5
Conclusion..................................................................................................................................6
Chapter Three: Methodologies .......................................................................................................7
Research philosophy...................................................................................................................7
Research Approach.....................................................................................................................7
Research Strategy........................................................................................................................7
Research choices ........................................................................................................................7
Sampling.....................................................................................................................................8
Data collection ...........................................................................................................................8
Ethical Implications....................................................................................................................8
Chapter Four: Findings (Data Analysis and Presentation) .............................................................9
Chapter Five: Discussion (Data Interpretation).............................................................................11
Chapter Six: Conclusion, Recommendations and Implications for Further Research (500).........17
Conclusion................................................................................................................................17
Recommendation and Implication for further research............................................................17
References.....................................................................................................................................19
Appendix ......................................................................................................................................20
Questionnaire............................................................................................................................20
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Topic: “Barriers for the development of a strategic approach caused by
economic and day-to-day operational pressures.”
Chapter One: Introduction
Research Aim
“To evaluate challenges for the development of strategic approaches which may cause by
the economic and operational pressures. A case study on Next Plc.”
Research rationale
One of the main reason to work and make effective use of talent management is related to
effective growth and work for the most important aspect to work on major changes. The need of
major talent management and work as per the growth to analyse the outcome and work to
analyse effective possible and employees growth. With the effective analyse of different barriers
and make development approaches in order to caused by effective economic and operational
pressure on the company (Khatter and et.al., 2021). The chosen company for this research is
Next Plc, founded in 1864 and more than 500 stores are available. Further, company to work and
make revenue £3,284.1 and having more than 44000 employees in all over the places. This
become the reason to work and make significant aspect to analyse the use of talent management
and work to promote effective growth.
Research Questions
 What is the role of strategic approaches that can be implemented to effective talent
management strategies?
 Which barriers would be faced by the company to apply different range talent
management strategies due to economic and operational pressures?
 What strategies must be used by the company to overcome the above discussed barriers?
Research Objective
 To analyse the role of strategic approaches in order to implement talent management
strategies within the company.
 To determine major challenges face by Next Plc to apply different range of economic and
operational pressures.
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 To evaluate the major strategies used by the company to overcome the above discussed
challenges.
Significance of the Research
The main significant of the research is to avoid major barriers face by the company and
make growth in addressing effective adaptability and make changes as per the growth and
affectivity of the firm (Nchanji and et.al., 2021). The topic help the company and other
researchers to work on the talent management policies and challenges face by them in an
appropriate manner. Further, after the impact of covid-19, companies make a systematic changes
and work as per the growth to analyse and work with the growing activities and major changes.
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Chapter Two: Literature Review
Introduction
The use of literature review is very helpful in gain more authenticate knowledge and
provide relevant sources to manage data. All of these are helpful for the growth to work and
make appropriate changes in an effective manner. With the help of LR, in talent management
improve basic knowledge to work and make specific topics with the help of effective sources.
All of these are helpful for gaining advance knowledge and provide reliable sources to manage
data in an authenticate manner.
Main body
To analyse the role of strategic approaches in order to implement talent management strategies
within the company
As per the view of Vulpen, (2020); human resource of the organisation are related to
effective growth and implement the use of talent management strategies to work and make
significant growth to analyse the prospective changes. With the help of effective talent
management approaches within the company, most of the factors are related to work and make
simple argumentative statement to analyse major changes in the growth of company. The use of
talent management, it help in effective performance to work and make growth to make positive
talent management and work financial performance changes (Martínez-Martínez, Cegarra
Navarro and Bolisani, 2021). Further, the company make a systematic changes and allow the
competitive changes to allow the growth and implemented right talent management strategies to
overcome the issue and analyse the role and make significant growth. Another way for doing
effective talent management strategies are related to work and make innovation and decrease
turnover to analyse the growth (Creating a Talent Management Strategy – the Full Guide, 2018).
All is related to work and make some strategies to work and grow in order to provide effective
growth.
To determine major challenges face by Next Plc to apply different range of economic and
operational pressures
As per the views of Beattie, (2021); while a business work and make significant growth,
small business to analyse effective growth and work to make changes. When the use of effective
talent management strategies to work and make effective places in Next plc and it is needed to
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overcome the issues through economic and operational pressure (Jones And et.al., 2021). All of
these are related to work and make significant approaches to analyse growth in strategic manner;
one of the issue is controlling and managing money, and reserve the cash in an effective manner.
Further, the change in fatigue sector for applicable and manage data in order to work and balance
as per the growth and make qualities to manage growth. With the help of above challenges the
company can make effective strategies for analysing growth an make suitable changes for using
appropriate growth in an authenticate manner (5 Biggest Challenges Facing Your Small
Business, 2021). One of the major challenges and barriers must be affected as per the growth and
make suitable changes for applying operational and economic challenges to work and make
suitable changes in an authenticate manner.
To evaluate the major strategies used by the company to overcome the above discussed
challenges
According to the prospective of Bonic, (2021); there are different ways and make suitable
changes to work and make effective growth to work and analyse as per the company atmosphere.
All is related to work and make effective changes to overcome the above discussed challenges
and manage the data and use report to analyse major changes. The use of effective growth and
make subsequent changes diverse to work and manage strategic tools to analyse sources and
make effective outcome to work and imbalance the growth and strategic analyse for
implementing processing activities (The Talent Management Muddle: Five Priorities to
Overcome It, 2021). All of the strategies to work and make significant growth to overcome the
issues and make suitable changes for the essential growth.
Conclusion
With the help of above Literature review, it is analyse that the company make effective
strategies to overcome the barrier in an appropriate way. Further, this will be related to manage
data and make more effective growth in reliable data. Different barriers are identified and
manage sources to evaluate data and manage strategies to enhancement of employee's
performance and adoptive knowledge.
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Chapter Three: Methodologies
The research methodologies is used by the investigator in analysing various methods
which are being used by investigator in order to collect data and information. This help the
investigator in achieving aims and objectives in a systematic manner. The investigator is using
research onion framework in order to analyse data and information in most effective manner.
Research philosophy
This is a first layer of research onion framework as it consist of set of principles which is
divided into two types of philosophies. These are positivism and interpretivism. In this present
research, the investigator is using positivism approach to collect data and information about a
particular topic. This philosophy is being choose by investigator because this assumes that
knowledge is independent and can be studies (Musker and Smith, 2021). This also more
scientific because it makes use of quantitative data and information.
Research Approach
This is the next layer as this consist of two approaches of researcher that is deductive and
inductive approach. This s deductive approach is starting with hypothesis development based on
literature review and inductive approach is starting with the observations that a researcher is
using. In this present study, the researcher is using deductive approach which helps in making
hypothesis based on literature review and further it helps in enhancing knowledge about as
particular topic (Paulsson and Gyllfors, 2021).
Research Strategy
There are various types of strategies which are being used by investigator in order to
collect data and information about a particular topic (Singh and Mahanta, 2021). As these
strategies are interview, case studies, survey and literature review. In this present study, the
researcher is using literature review and questionnaire survey strategies in order to get true and
accurate knowledge about a particular task. This questionnaire contains of close ended questions
which is filled by respondents as well. This helps in collecting reliable information.
Research choices
Research onion consist of another layer called research choice as this includes two types
of choice called qualitative and quantitative choices of methods. In this present research,
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researcher is making use of quantitative choice of methods because collects numerical data and
findings in relation with the topic and makes use of frequency and tables.
Sampling
In this particular research, researcher is using probabilistic sampling which consist of
random sampling from large number of population (Kilian-Yasin and Correa, 2021). For this
research there are 30 members of Next plc. As they are asked to fill the questionnaire form in
order to collect true information.
Data collection
There are two types of data collection methods. These are primary and secondary
methods. For this present study, researcher is using both of these methods. Primary information
is collected from questionnaire survey through tables and frequency and secondary information
is collected through literature review. These both helps in collecting true and reliable information
about a topic.
Ethical Implications
There are some of the ethical implication followed by researcher as he should not
disclose all the information in front of third person (Black, 2021). The information should be
secure and he should be bias at the time of selecting any of the samples from large population.
The information should be true and reliable.
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Chapter Four: Findings (Data Analysis and Presentation)
Questionnaire Frequency
Q.1 As per your point of view, is there any importance of use effective
talent management strategies?
a) Yes 25
b) No 5
Q.2 As per the your point, what are the major strategies and approaches
are used by Next plc to work effectively in market?
a) development of company culture 10
b) performance assessments 7
c) effective use of compensation 8
d) any other 5
Q.3 Is Next plc, face any type of barriers while working on effective
talent management strategies?
a) Under and over-control pressure 8
b) Difficulties in cost management 15
c) controlling of objectives 7
Q.4 Is the company policies are related to productivity and performance
of the employees?
a) yes 15
b) No 10
c) May be 5
Q.5 What are the ways to manage different efficiency of the talent
management to analyse employees performance?
a) By competitors 8
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b) By performance 12
c) By result 10
Q.6 Is the company's economic and daily based targets pressurize and
decline your own productivity?
a) Yes 20
b) No 10
Q.7 Give specified recommendations for improving effective talent
management strategies.
Ans...
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Chapter Five: Discussion (Data Interpretation)
Theme 1: importance of effective talent management
Questionnaire Frequency
Q.1 As per your point of view, is there any importance of use effective
talent management strategies?
a) Yes 25
b) No 5
Interpretation:
From the above graph, it is interpreted that 25 out of 30 people said they are aware with
the use of effective talent management strategies. Whereas, 5 out of 30 said, they are not actually
aware with the productive report and make effective growth to work and make approaches to
analyse growth.
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a) Yes b) No
0
5
10
15
20
25
Series1

Theme 2: major strategies and approaches
Questionnaire Frequency
Q.2 As per the your point, what are the major strategies and approaches
are used by Next plc to work effectively in market?
a) development of company culture 10
b) performance assessments 7
c) effective use of compensation 8
d) any other 5
Interpretation:
From he above table it is concluded that, 10 out of 30 said, they think company use
effective culture strategies, 7 said they evaluated on the basis of performance management. 8
said, they use effective use of strategies and 5 said different methods which are used by the
company as per their thinking ability.
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a) development of company culture
b) performance assessments
c) effective use of compensation
d) any other
0
2
4
6
8
10
Series1