Managing a Successful Business Project: Talent Management and Culture

This project examines the influence of diverse cultures on talent management approaches within organizations, using Rowlinson Knitwear as a case study. It defines project aims, objectives, and develops a project management plan, including budget, scope, time, quality, communication, risk, and resources. The project utilizes Gantt charts, work breakdown structures, and both primary (questionnaire) and secondary research methods to gather and analyze data. Quantitative methods are employed with a questionnaire distributed to 40 employees. The analysis includes frequency distribution tables to interpret the data, focusing on themes like understanding talent management, cultural impacts, significance of talent management, and talent management approaches. The project investigates the impact of cultural differences, the initiatives to overcome negative impacts, and the role of diverse culture management in gaining a competitive advantage.

Managing a Successful
Business Project
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Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
TASK 2............................................................................................................................................5
TASK 3............................................................................................................................................7
TASK 4..........................................................................................................................................17
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18
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Title: How do different cultures influence the talent management approaches taken by
companies?
INTRODUCTION
Managing talent is one of the important activity for company as it supports business in
retaining their workers for longer period of time. Basically, in a business organization different
employees are performing their activities who are belongs to different culture. This can be
beneficial for company in promoting innovation at working area but at the same time also affect
over the implementing talent management approaches to manage their workforce (Cletus and et.
Al., 2018). Thus, it is important for company to analyse employee culture and then apply
approaches as it directly provision in enhancing the performance of employees at workplace.
Current project is based on Rowlinson Knitwear, is a small and medium company operate their
business in clothing industry and serve school wear and corporate wear clothing to its customers.
This project focus in developing project aims and objectives and project management plan to
attain reliable results. Along with this, different methods and techniques are also mentioned that
assist project manager to develop a meaningful judgement within the project.
TASK 1
P1
Research aim:
“To examine the influence of diverse culture on implementing talent management
approaches within an organization”. A study on Rowlinson Knitwear.
Research objectives
 To understand the concept of talent management within business.
 To determine the different talent management approaches taken by company to increase
retention of employee?
 To articulate the significance of talent management within Rowlinson Knitwear.
 To explore the impact of culture differences over managing talent at workplace.
Research questions
 What is the concept of talent management within business organization?
 What are the different talent management approaches taken by company to increase
retention of employee?
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 What are the significance of talent management within Rowlinson Knitwear?
 What is the impact of culture differences over managing talent at workplace?
P2
PMP is a crucial formal document that provide all the necessary information about the
project and its specified area. Along with this, it also provides assistance ton investigator in
executing as well as completing the project activities in a stipulated time frame without any kind
of issues and obstacles (Vaiman and et. Al., 2018). Mainly, it includes various aspects including
budget, scope of project, time, quality, communication, risk and resources as well. All these are
help in developing an effective project plan. These can be understood by following points:
 Cost: For undertaking project activities, enough fund is important for completing the
project in successful manner. In this context, there are description of cost that will
required in executing project:
Total forecasted budget
Particular 2020-21($)
Implementing technology cost 16000
Promotional expense 8000
Advertisement expense 5000
Catalogues 2000
Training charges 8000
Total cost 39000
 Scope: The overall scope of current project is wider as it provides detailed information on
the basis of talent management approaches implement by company to manage their
diverse workforce. By this, valid and reliable outcomes can be easily achieved.
 Time: It is also crucial for project manager to completing the activities in stipulated
period of time. For this, researcher develop a Gantt chart as it provides proper schedule to
successfully completing the project activities.
 Quality: For undertaking project activities maintaining proper quality is important. For
this, investigator use quantitative research method for collecting data and information.
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 Communication: It is significant for project manager to communicate with their team
members effectively and provide them all the necessary information about the project
results (Bozer and Delegach, 2019). For this, project manager is also responsible for
selecting appropriate mode including written, email, oral communication and many more
for communicating
 Risk: At the time of undertaking project activities, there are various issues that project
manager has faced is improper time, cost and in appropriate respond of selected
respondents.
 Resources: It important for project manager to all the necessary resources for completing
the entire project activities in successful manner. For this, books, proper time, publication
documents, proper fund, stationary and many more are the important resources that
required by project manager in undertaking current project.
P3
Gantt chart: It is referring to the graphical representation that provide proper schedule to
investigator for undertaking research activities in an effective manner. Mainly, it includes
activities along with time frame that contributes in improving the possibilities of attaining
positive outcomes.
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Work break down structure:
TASK 2
P4
Primary method: It is a significant way to collect appropriate information directly from
respondents. This type of method provides fresh data which is not used before. In this, project
manager acquire data from various sources including questionnaire, observation, survey,
interview and so on.
Secondary method: It is also an appropriate method for collecting detailed and in-depth
information that help project manager in analysing the specified topic (Hughes, 2018). It
includes various sources through which data can be collected such as books, journals, articles,
newspaper and so on.
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In order to undertake current project, both primary and secondary methods will the
applied by project manager in which questionnaire is prepared to gather primary data and
systematic literature is undertaking to acquire secondary and in-depth evaluation.
Qualitative method: It is related with non-numerical data and also unstructured in nature.
It provides theoretical framework in which project manager collect data from that cannot be
computed.
Quantitative method: This type of technique is focuses on numbers and also provide
numerical data that assist project manager in attaining a meaning judgement in the project.
For this project, quantitative method is an effective way to gather information by
preparing a questionnaire that consist close-ended questions asked from the chosen participants
to take right judgement.
Sampling: It is referring to the effective procedure in which sample size will be selected
from the larger population in order to collect reliable and appropriate data (Zakaria, 2019). It is
classified into two methods such as probabilistic and non-probabilistic sampling techniques. In
order to select right sample size for current investigation, probabilistic sampling will be selected
in which researcher select sample size as per random basis. By using this method, project
manager selects 40 respondents who are the employee of business organization.
Questionnaire
Q1) Do you have any ideas about talent management?
a) Yes
b) No
Q2) Does culture differences put impact over the implementing talent management
approaches within an organization?
a) Yes
b) No
Q3) What are the significance of talent management within Rowlinson Knitwear?
a) Employee motivation
b) Retain top talent
c) Improve business performance
Q4) What are the different talent management approaches taken by Rowlinson Knitwear
to increase retention of employee?
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a) Developing job descriptions
b) Performance assessments
c) Selection process
Q5) What is the impact of culture differences over managing talent at workplace?
a) Lack of understanding among employees
b) Communication barriers
c) Negative working environment
Q6) What are the possible initiative taken by Rowlinson Knitwear to overcome from the
negative impact of culture differences in talent management?
a) Promote diverse culture
b) Encourage workers to build connection with others
c) Proper training and development programs
Q7) Does proper management of diverse culture employee help Rowlinson Knitwear to
attain competitive advantage at market place?
a) Yes
b) No
Q8) According to you, implementing talent management approaches help in improvising
retention of employees at working area?
a) Yes
b) No
Q9) Suggest the way by which company can successfully managing their diverse talent at
working area.
TASK 3
P5
It is a crucial section in which investigator analyse all the collected information to make a
valid judgement in the project. In this, investigator will use frequency distribution analysis that
includes frequency of respondents respond about the particular research topic. This will assist
project manager in analysing data in an effective manner and also may assist in drawing a valid
or meaningful conclusion to make overall project more successful.
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Frequency table distribution
Q1) Do you have any ideas about talent management? Frequency
a) Yes 30
b) No 10
Q2) Does culture differences put impact over the implementing talent
management approaches within an organization?
Frequency
a) Yes 35
b) No 5
Q3) What are the significance of talent management within Rowlinson
Knitwear?
Frequency
a) Employee motivation 15
b) Retain top talent 15
c) Improve business performance 10
Q4) What are the different talent management approaches taken by
Rowlinson Knitwear to increase retention of employee?
Frequency
a) Developing job descriptions 20
b) Performance assessments 10
c) Selection process 10
Q5) What is the impact of culture differences over managing talent at
workplace?
Frequency
a) Lack of understanding among employees 15
b) Communication barriers 15
c) Negative working environment 10
Q6) What are the possible initiative taken by Rowlinson Knitwear to
overcome from the negative impact of culture differences in talent
management?
Frequency
a) Promote diverse culture 15
a) Encourage workers to build connection with others 15
b) Proper training and development programs 10
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Q7) Does proper management of diverse culture employee help
Rowlinson Knitwear to attain competitive advantage at market place?
Frequency
a) Yes 30
b) No 10
Q8) According to you, implementing talent management approaches
help in improvising retention of employees at working area?
Frequency
a) Yes 35
b) No 5
Theme 1: Idea about talent management
Q1) Do you have any idea about talent management? Frequency
a) Yes 30
b) No 10
Interpretation: From the preceding mentioned chart it is evaluated that talent management is
considering as an important activity that focus in attracting as well as retaining employees for
attaining success. This is also may assist in encouraging employees towards the goals and
objectives at working area. In relation to this, 30 out of 40 people are familiar with this statement
as they think that management of talented workers may assist in developing worker’s efficiency.
On the other hand, rest of 10 participants are not much aware about the same.
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Theme 2: Culture differences put impact over the implementing talent management
approaches within an organization
Q2) Does culture differences put impact over the implementing talent
management approaches within an organization?
Frequency
a) Yes 35
b) No 5
Interpretation: In an organization, cultural differences is one of the major challenge that
directly affect the employee’s performance. In relation to this, it is also affect the implementation
of talent management approaches at working area. This can be creating issues in managing talent
within the organization. As, 35 out of 40 people think that due to diverse culture management of
company face issues in managing their talent that put negative impact over the organizational
and employees within the company. Furthermore, rest of 5 people not familiar about above
statement.
Theme 3: Significance of talent management within Rowlinson Knitwear
Q3) What are the significance of talent management within Rowlinson
Knitwear?
Frequency
a) Employee motivation 15
b) Retain top talent 15
c) Improve business performance 10
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