Managing Successful Business Project: B&Q Talent Management Analysis

This project report focuses on analyzing the key challenges and problems faced by B&Q, a British multinational DIY and home improvement company, in its talent management practices to enhance employee performance. The report begins with an introduction to talent management, emphasizing its role in attracting and retaining skilled employees, and providing a framework for the project's aims and objectives, which include examining the basics of talent management, determining its impact on employee performance, and evaluating challenges. A literature review explores the concept of talent management, its impact, and the challenges in its implementation. The project includes a project management plan, a work breakdown structure, and a Gantt chart to outline the project's scope, timeline, and resource allocation. Small-scale research, using qualitative and quantitative methods, is conducted to gather data, with primary sources. The findings are presented, and recommendations are communicated to improve talent management. Finally, the report reflects on the value of undertaking the project and concludes with a summary of the key findings and recommendations.

Managing Successful
Business Project

Table of Contents
Title .................................................................................................................................................1
INTRODUCTION...........................................................................................................................1
P1) Project aims and objectives .................................................................................................1
P2) A project management plan .................................................................................................4
P3) Produce breakdown structure and Gantt chart .....................................................................6
..........................................................................................................................................................7
..........................................................................................................................................................7
TASK 2............................................................................................................................................8
P4) Small-scale research to meet project aim and objectives.....................................................8
TASK 3..........................................................................................................................................10
P5) Presentation of findings and data........................................................................................10
P6) Communicate appropriate recommendation ......................................................................16
TASK 4 .........................................................................................................................................17
P7) Reflect value for undertaking project ................................................................................17
CONCLUSION .............................................................................................................................17
REFERENCES..............................................................................................................................19

Title
“To analyse various key challenges and problems faced by the company in order to
increase performance of employees within a organisation. A case study on B&Q .”
INTRODUCTION
Talent management refers to the continuous process for appealing and retaining skilled
employees, enhancing their aptitudes and knowledge while inspiring them in order to enhance
productivity and presentation. This is associated with creation of motivated workforce through
which they retain longer in the organisation (Stubbs, 2019). it is also define as process of getting
right people at work and providing support to them for growing their capabilities which are
aligned with organisational objectives. This is important aspect and has positive impact over
business operations as this help in performing key responsibilities and controlling. The below
report is based on B&Q is brittish based multinational DIY and home improvement company and
in this it follow purchase and fitting out former furniture warehouse. This report is consist of
project plan and execution, reflection which has been done with the support of small-scale
research.
MAIN BODY
P1) Project aims and objectives
Overview of the research: the below research is based 0on the talent-management which
is required in the organisation for attracting and retaining skilled employees for the achievement
of goals and objectives (Pramanik, Mondal, and Haldar, 2020). In relation to B&Q , its
management has worked for emphasis the talent management skills so that talent employees can
be retain for longer period of time through which overall productivity can encouraged. In this
working capabilities and knowledge get increased on constant basis as to maintain motivation
within employees and feel connected to organisation. B&Q is multinational company which is
working on a very large scale, thus it is important for company to develop various strategies so
that ability of company to attract and retain employees get increased in productive manner.
Aim: “To analyse various key challenges and problem faced by company in order to enhance
employee's performance. A case study on B&Q ”

Objectives:
 To examine the basic knowledge of talent-management in organisation.
 To determine the significant impact of talent management in encouraging employees
performance. To evaluate various key challenges and problems in performing talent management
Research questions:
 Examine the basic concept of talent-management in organisation?
 What are the significant impact of talent management in encouraging employees
performance? What are the various key challenges and problems in performing talent management?
Literature review
Examine the concept of talent-management within organisation?
As per the view point of Prarthana Gosh, talent management has been define as the
strategic process through which right people has been onboard and provides them support to
grow their skills and abilities aligned with company's objectives. This procedure involves
identification of talent gaps and vacant position and recruiting the suitable candidates (Yeung,
2020). Along with this, developing their skills through training programme in order to expertise
for future focus. This has been also associated with effectively engaging, retaining and
motivating employees as to accomplish long term goals and objectives of organisation. It
permeates all factors of workforce in organisation while ensuring that all aim get obtain in proper
manner. The process of talent management has in initiated with acknowledging the need for
talent, fill that gap and then growing the skills, traits and expertise of employees for increasing
the performance and quality of output. There are basic six steps in managing talent effectively
that are discussed below:
Planning: it involves identifying the human capital requirements and formulation of job
description for the key roles and responsibilities which help in to selection and work-plan for
recruitment initiatives.
Attracting: this is the process which involves attracting a healthy and talented flow of applicants.
Selecting: this involves using a strategies of test and check in order to find the right candidate
which is a right match specified job role.

Developing: this is associated with developing employees and help them to grow along with this,
also provides training for expertise so that they can contribute with their full potential in the
success of the company.
Retaining: for the success and longer sustainability, it is important for the company to retain
talent effectively within the organisation.
Transitioning: effective talent management of company concerned with collective
transformation and evolution of the organisation with the growth of the individual employee.
What are the significant impact of talent management in encouraging employees performance?
As per the view of point of Deepika pandit and Sampurna ray, talent management is
refers to the most effective tools which ensures employee engagement and commitment to work.
This sense has been reflects that employees will stay in the organisation for long run. Talent
management play a vital in enhancing the employees through which personal and organisational
goals are accomplished (Thomas, 2020). This aspect ensures right person at a right position
through which productivity get increased as with this, there is better alignment between an
individual interest and job profile. Along with this, talent management is also associated with
understanding of employees development needs. With help of this, it is easy to determine what
motivated whom which helps in the job enrichment process and increase the overall performance
along with the quality of outcomes.
What are the various key challenges and problems in performing talent management?
As per the view point of Top Echelon, talent-management is not easy to implement
effectively as manager face various issues and challenges that discussed below:
Poor hiring strategy: Talent-management has initiated with felling a position with higher
skilled candidate in which without strong staffing management plan company can face various
difficulties in effective implementation of talent-management process. In which company have to
know where to start sourcing and hoe to attract appropriate and talented candidates.
Ineffective leadership: Strong leadership is he essential aspect for talent-management
and also considered as a basis of this (Frazer, and et.al., 2020). Due to ineffective leadership,
employee did not get right guidance, direction and motivation in developing their talent and
abilities. As without strong leadership company is not able to carry effective talent-management
within the organisation.

Inexperience with technology: Automation is essential for the simplifying and smooth
running of operations. Technology is rapidly changing in which existing employees did not have
a knowledge about new technology advancement within the organisation. Due to which they,
effectiveness of talent-management get reduced.
P2) A project management plan
Project management plan refers to the formal documentation which has used to examine
the procedure through which project is going to be completed. It outlines goals, scope, budget
and timeline of a project which is needed to keep project on path. This is associated with
different targets and objectives that an organisation need to accomplish in given period of time.
It is a plan that assist in understanding of knowledge and information which as been used
project execution and controlling. This is consist of detailed information that help in to make
contact with various task. It is contains some elements that are explained below:
 Cost: This is refers to the certain amount which essential to conduct a research in
company in adequate manner. This amount is provided by the company to researcher in
order to performing research in order gain desirable results. It includes research tool,
travelling expenses, miscellaneous, equipments etc. for this manager of a company
prepare a budget so that project will be completed in proper time in efficient manner.
 Time: this is the elements that has been evaluate of time that is being used investigator
for completing research in a adequate manner. For this manager need to calculate
adequate period of time for research in which they ave taken around 2 months.

Scope: this is defined as the combined objectives and requirements that needed in order to
complete the project (Shukla and Pattnaik, 2019). It provides detailed period of time in which long term strength maintained in effective
way. In this investors ensures appropriate set of strategies through through which proper
utilisation of resources if processed by effectiveness. Quality: this is describe as framework in which investigator ensues its quality and also
being completed on time. It actually inspire proper collection of data and information
that leads to positive outcome is appear in specified period of time. Communication: it is described as two way process which is used to transfer
information, ideas, suggestions and opinions. This is the way through which information
is handled in between individuals and ensures clear understanding of every aspect. This
has been processed while maintaining transparency in collected data and information for
the attainment of suitable outcome. Risk: it involves possibility of happing bad in future which effects the profitability,
effectiveness and outcomes of research. It has been focus on negativity and undesirable
consequences which involves overall effectiveness of research.
 Resources: it can be anything that is required for processing research with the proper
facts and analysis which will help in effective outcomes. In this investigator required
several types of resources such as equipments, human resources, computer, printer etc.
this has been provided by the company so that satisfactory outcomes can get be
achieved.
P3) Produce breakdown structure and Gantt chart
Gantt chart: this is type of software which is also define as project programming, project
planning and project implementation. This has been provide support in advancement of Gantt
need in developing project dependence and to find difficult ways of the task. It also assist in the
project dates, when it is started and when it will be end. This help in making technical project
management that measure the project that how it is working in comparison to task and view the
whole task.

Work breakdown structure : this is refer to the techniques which is implemented for
breakdown of the project into smaller components. This has build boundary for projects and
divided into smaller parts which are high controllable in nature. It leads the team and employees
to work in administrable sections (Montealegre, and Iyengar, 2021). This is a key project
deliverable which organise the work of the team into manageable sections so that it could be
perform effectively. WBS focuses on original product, alternatively work that is necessary for
more goods and convince actions. It has been also allow the final evaluation of price, hazard and
time taken, as due to work is down on the basis of small project or sections and keep proficiency
and effectiveness level of the whole project.

TASK 2
P4) Small-scale research to meet project aim and objectives
Small-scale research is preformed in order to conduct knowledge of specific subject so that
learning get enhanced in balanced manner. In this there are two type of methods which
investigator utilises in order to accomplish the task in proper manner. Methods of small-scale
research has been explained below:
Qualitative method: It is a method in which information is being collected by conducting
interviews, questionnaire, first hand observation, focus groups etc. this is associated with the
analysis of non-numerical data and information through several concepts, experience and
opinions are considerate by which relative idea for the research and solutions has been generated.
This focus on obtaining data from open ended and conversational communication.
Quantitative method: this is a research method which focuses on quantifying the
gathering and collection of numerical data. This method includes questionnaire, polls, survey and
through manipulating pre-existing statistical data through computational techniques. It is mainly
focus on the collection numerical data and generalize it to the people for explaining particular
phenomenon.
sources of collection of data:

 primary sources: this is a sources which is used by investigator for the collection of
appropriate data in proper manner. This has been processed by concluding final and
desirable output in a specified way.
 secondary sources: this is method by which information and data is collected through
articles, magazines,. Books, financial sheets etc. which is used for the research purpose.
In this research investigator has utilised both primary and secondary sources, in terms of
primary research questionnaire has been made. For secondary research literature review
is gathered in order to gain better understanding and relevancy of research topic.
Sampling: this is refers to the process that is used in statistical analysis in which subset of
individual has been taken from a large population. The methodology is used to sample form a
large population on the basis of type of analysis is being performed. Sample size for this research
is 25.
Questionnaire
Quantitative questions
Q1) Do you know what is the concept of talent-management within an organisation?
a) YES
b) NO
Q2) Do you think that talent-management is essential to growth and longer sustainability of
business?
a) YES
b) NO
Q3) Does B&Q work for attracting and retaining employees within organisation in relation
to talent management?
a)YES
b) NO
Q4) What are the strategies used by B&Q for executing talent-management within
organisation?
a) provides job explanation

b) perform consistence employee reviews
c) proper training and development programme
Q5) what is the impact of talent management within B&Q ?
a) Enhancement of productivity
b) Attracting and retention of skills employees
c) Higher client satisfaction
Q6) what are the challenges face by B&Q while implementing talent-management within
organisation?
a) lack of leadership
b) higher compensation demand
c) low frequency of feedback
Q7) What kind of initiatives is taken by B&Q for executing talent-management in
organisation?
a) Recognition
b) E-learning programmes
Q8) Do you think talent-management is essential for enhancing overall productivity and
proficiency B&Q ?
a) YES
b) NO
TASK 3
P5) Presentation of findings and data
Q1) Do you know what is the concept of talent-management within an
organisation?
Frequency
a) YES 22
b) NO 3