Business Project: Analyzing Talent Management at Moma Foods - Report

This project report examines the talent management strategies of Moma Foods, a South East London based food company. The report begins by outlining the project's aims and objectives, which focus on understanding the impact of talent management on organizational productivity. It then details the project management plan, including aims, deliverables, timeframes, quality control, and resource allocation. A work breakdown structure and Gantt chart are presented to illustrate the project's stages and timeline. The research employs both primary and secondary methods, including literature reviews and data collection through questionnaires, to gather information on Moma Foods' talent management practices. The report analyzes the collected data, presents findings, and offers recommendations to improve the company's talent management strategies. Finally, the report reflects on the value of the project in meeting stated objectives and its impact on the student's learning and performance.

Managing a Successful
Business Project
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
TASK 1............................................................................................................................................3
P1. Devise project aims and objectives for a chosen scenario....................................................3
Literature Review............................................................................................................................4
P2. Produce a Project management plan that covers aims and deliverables, time, quality,
communication, risk and resources..............................................................................................5
P3. Produce work breakdown structure and again chart to provide time frames and stages for
completion...................................................................................................................................7
TASK 2............................................................................................................................................7
P4. Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives............................................................................................7
TASK 3..........................................................................................................................................11
P5.Present findings and data using appropriate Tools and techniques......................................11
P6. Communicate appropriate recommendations as a result of finding and data analysis to
draw valid and meaningful conclusion......................................................................................18
TASK 4..........................................................................................................................................19
P7. Reflect on the value of undertaking the project to meet stated objectives and own learning
and performance........................................................................................................................19
CONCLUSION..............................................................................................................................20
REFRENCES.................................................................................................................................21
Books and Journal......................................................................................................................21
Project Log Book...........................................................................................................................23
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INTRODUCTION
Talent management is a procedure through which an organization can improve and
enhance and get more talented people who create positive impact on the organization and
increased productivity of the organization (Gupta and Barua, 2016). It is the key component of
the human resources management team and also responsibility of the leaders and managers of the
organization in order to tab manage the talent in the organization for stop the talent management
organization catered several effectiveness to the organization in context of success and
opportunity. This investigation is going to study about the Momo foods and their event
management strategy in order to overcome the challenges and improve the effectiveness of the
organization. Moma food is a South East London organization which caters several flavored oats
and develops new products in order to satisfy the customers. So in the starting of this
investigation there is an explanation about the aims and objectives of the project. Then there is a
discussion about the project management plan and about the work breakdown structure. After
that I will be explanation about the secondary and primary methods of the investigation and
about the data interpretation and Recommendation of the project.
MAIN BODY
Overview of Moma Foods
Moma food is company which was started by Tom around 15 years ago. This is the South
East London based organization which caters new products and all flavor combinations of the
oats. They used best quality of the ingredients but the food mile are low.
TASK 1
P1. Devise project aims and objectives for a chosen scenario.
Research Aims: “To identify the impact of the talent management on the productivity of the
organization” A case study of Moma Food
Research Objectives: “
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 To understand the concept of the talent management process.
 To identify the significance of the talent management in the company.
 To identify the challenges which are facing by the company in context of talent
management?
 To identify the strategies which are used by the company in context of talent
management.
Research Questions:
 What is the notion of the talent management in the organization?
 What is the significance of the talent management in the Moma foods company?
 What are the issues and challenges which are faced by the company in context of
talent management?
 What are the strategies which are used by the company in regards with talent
management?
Literature Review
What is the notion of the talent management in the organisation?
According to the “(Pucciarelli and Kaplan, 2016)”Talent management is a concept that
help the company to hire more talented connected towards the company in order to raise their
effectiveness and growth of the organization. Talent management provides several opportunity
towards the organization in context of more innovative and creative thinking. Talent
management procedure is much helpful for the Human Resource Department of the organization
because it helps them to hire more talented candidates towards the company so that they can get
more opportunities and success in the market.
What is the significance of the talent management in the Moma foods company?
According to the “(Mikola, 2016)”, There are several kinds of significance of the talent
management in context of any organization. As it support the organization to hire more talented
candidates towards the company so that they can get more opportunities. The normal and the
basic aim of the talent management is to develop retain and recruit amended candidates in the
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organization will stop the human resources department of the organization always ensure that the
workers with the right skills and qualities stay with the company for the long time of period so
that they can get more success for the organization. Talent management is much important for
the organization because it is obtained success and motivation among workers.
What are the issues and challenges which are faced by the company in context of talent
management?
According to “(van Scheers, 2016)”There are several challenges in issues which are
facing by the organization in context of talent management. The first and the major challenge or
issue which are facing by the organization is workforce in training and development procedure.
Sometimes it's become much difficult for the organization to give training and development
programs to their employees because of the attrition rate of the employees. The issue which is
facing by the organization is adoption of the new technologies because every time it's become
difficult for the company to adopt more and more new technology. As Moma food is a small
scale organization so there is a lack of financial stability in the organization. So it's become much
difficult for the company to adapt to more pencil technology in order to get more opportunities
and grab more customer base. There are several kinds of more problems and challenges which
are facing by the organization like lake of leadership, increase employees turnover, changes in
environment or in culture or several more.
What are the strategies which are used by the company in regards with talent management?
There are several types of strategies which are used by the organization in order to hire
more talented candidates to work the company (Rubin and Carmichael, 2017) . The organization
is using effective training and development programs recruiting programs appreciation
motivation appraisals program in order to make the workers are sure about their safety and about
their promotions. The cause of the appraisals programs the workers of the organization feel more
valuable and satisfy towards the organization.
P2. Produce a Project management plan that covers aims and deliverables, time, quality,
communication, risk and resources.
Project Management Plan
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It can be described that project management plan is very important for the organization to
manage their Strategies and plan in order to get success in a complete their goals and objectives
(Radwan and Radwan, 2017).This investigation all the activities and functions are oriented in
order to accomplish the goals and objectives which are decided by the organization. As there are
various kinds of function which has to be operated by the organization in order to achieve or
accomplish their pre-determined objectives. In current scenario this project management plan is
going to conduct on several functions and which are mentioned below:
Quality : it is very required for the investigator to maintain or manage the effective quality in the
project in order to accomplish the accurate in positive outcomes. In current scenario the
investigative will going to Target the quality of the resources by applying effective productive
work and functions.
Communication is a very important part of the any task or any project in order to achieve the
target and the aims it is very required for the investigator to perform a research in a very
effective manner with effective communication (Lenz and Reardon, 2017). In context of the
choose an organization it can be analyzed that there are several kinds of concepts or method
which used by the investigator in order to maintain the effective communication in the project.
Time: it is very required for the investigator to achieve and attend their objectives in a particular
targeted time period. Context of the Moma food organization or current scenario the entire time
which is used by the researcher is about 6 months. In which the researcher will give their
maximum efforts in order to accomplish the task in a appropriate manner or in respective time
period.
Scope: Scope is the term in which it can be described as the area where the project is operating.
In context of the chosen organization it can be analyzed that the organization shoes scope is to
identify or research at the used level in order to achieve their goals and get more positive
outcomes.
Cost: the cost is the term which can be defined as the amount that has to be used or implement
in the research for achieving the required or needed output in order to complete the research in a
successful manner. According to the investigation the entire cost of the project is approx. £
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50000 which is implemented by the researcher in order to achieve desired outcomes and get
more opportunities and success in the business.
P3. Produce work breakdown structure and again chart to provide time frames and stages for
completion.
Work breakdown structure
Work breakdown structure is the procedure that is used by the researcher in order to
divide the project in small parts where it can perform the activities in order to accomplish the
objectives (Fajandar, Malan and Pretorius, 2019). The addition of the task into small parts will
make the project easier for the teacher. This will also support the investigator to manage their
workforce and achieve positive results by the management of the task and project and game
maximum advantages of the task. This is very factor structure that is used by the most of
investigator in order to divide the project in a small form
Gantt Chart.
This is this concept in which the division of the project is Agar according to the graphical
representation where several activities in task can be separated into the separate units and
function (Storey, 2016). This will go to support the organization to achieve different activities
and also help them to describe information on the basis of the excess bases. There is several
exercise which are used by the organization that is vertical and horizontal. This will also support
the investigator to keep up-to-date about the information and data which are provided by the
Representation of the Gantt chart.
TASK 2
P4. Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives
It is much mandatory for the investigation to analyze several activities in the
investigation so that the company can achieve their aims and objectives. For doing investigation
the or organization or the investigator can use qualitative and quantitative method that help the
company to attain more productivity and increase their efficiency and also overcome the chances
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of the error in the organization (Raza and Waheed, 2018). There are several types of method
which support the organization to achieve their aims and objectives which is associated to the
investigation.
Primary investigation: this include these kinds of research that is associated with the
performance of the task in order to collect the data at the primary level to stop this will going to
support the organization in order to analyze and identify the collection of the information at the
primary level so that it can rely on the information and apply it with very appropriate manner. 20
method include questionnaire interviews observation surveys and several more methods in order
to collect the data.
Secondary research: in this concept of the data collection the information is collected on the
base of secondary level. In which the information of the data is measured by the company's
support with their efficiency. Secondary investigation method used some kinds of concept in
order to collect the data which is newspaper journals magazines online sites and several more.
The current investigation is based on the data collection by using both methods which is primary
and secondary method. There is a use of questionnaire that is relying on the data collection from
30 responder.
Qualitative research this is the method which is used by the investigator in order to analyze the
methodology in the investigation that help the company to achieve their objectives and aims in a
very appropriate manner.
Quantitative research this is the research which can be refers to the concept that use numerical
data in order to analyze several factors in the investigation. These numerical data make the
investigation more effective and help the organization to identify the data and the information in
a numerical form.
Questionnaire:
Q1) Do you have any data with respect to correspondence and variety
at the work environment?
Frequency
a) Yes 35
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b) No 15
Q 2) Is genuine that idea of equity and variety help association in
accomplishment of hierarchical objectives and targets?
Frequency
a) Yes 30
b) No 20
Q 3) What's your opinion on the execution of balance and variety
rehearses in association?
Frequency
a) Agree 30
b) Disagree 20
Q 4). What is the significant benefit which is determined by Moma food
after execution of this idea in association?
Frequency
a) Opportunities for growth 20
b) Appropriate achievement of goals 17
c) Healthy working environment 13
Q 5). "Equality& variety execution and practices will help Moma Food
in expanding its presentation" are this assertion is valid?
Frequency
a) Yes 30
b) No 20
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Q6). To accomplish efficiency in working by execution of idea
equality& variety, which technique is fitting?
Frequency
a) Efficient strategies related to leadership 26
b) Enhancing employees participation 24
Q7). How does the execution of uniformity and variety will respond to
the presentation of representatives?
Frequency
a) Effective influence 34
b) Ineffective influence 16
Q8). Do you believe that Retaining representatives within an association
for a more extended timeframe can be conceivable by the execution of
the fairness and variety idea?
Frequency
a) Yes 30
b) No 20
Q9). As you would see it what are the principle issues which can be
looked by chiefs in associations while execution of correspondence and
variety idea?
Frequency
a) Discouragement 20
b) Concern and sadness 10
c) Non co-operation form top level management 20
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TASK 3
P5.Present findings and data using appropriate Tools and techniques.
Q1) Do you have any data with respect to correspondence and variety
at the work environment?
Frequency
a) Yes 35
b) No 15
35
15
Frequency
a) Yes
b) No
Interpretation: This can be seen from the above mentioned pie chart that out of total 50 there are
35 respondents who reacted emphatically about the data identified with the idea of equity and
variety in association and help in supporting different functionary in an association identified
with this idea.
Q 2) Is genuine that idea of equity and variety help association in
accomplishment of hierarchical objectives and targets?
Frequency
a) Yes 30
b) No 20
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30
20
Frequency
a) Yes
b) No
Interpretation: Above referenced pie chart expressed that there is more persona in the
association who believe that this idea will help in the accomplishment of hierarchical objectives
and targets. There are 30 out of 50 who reacted as yes.
Q 3) What's your opinion on the execution of balance and variety
rehearses in association?
Frequency
a) Agree 30
b) Disagree 20
30
20
Frequency
a) Agree
b) Disagree
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