Unit 6: Managing a Successful Business Report - Talent Management

This report delves into the crucial aspects of talent management within the business sector, using Amazon as a case study. It begins with an introduction outlining the importance of managing projects to achieve organizational goals. The main body encompasses four key tasks: defining project objectives and aims, creating a project management plan covering time, scope, quality, communication, risk, and resources; developing a work breakdown structure and Gantt chart; conducting research using primary and secondary methods; presenting findings and data analysis; communicating recommendations; and concluding with a reflection. The report addresses the challenges and obstacles faced in talent management, including poor hiring strategies, ineffective leadership, and employee turnover. It also explores various strategies and methods for overcoming these challenges, such as building diverse talent pools, embracing a new work equation, simplifying talent processes, and redefining the value of HR. The report highlights the importance of effective project management plans, work breakdown structures, and Gantt charts to ensure the successful completion of projects. It concludes with a reflection on the knowledge gained and recommendations for improving talent management practices. References from academic sources are included to support the findings and analysis.

Managing a Successful
Business Report

Table of Contents
TITLE .............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
P1 Project objectives and aims for a Amazon.............................................................................1
Explain concept of talent management in business sector..........................................................2
Explain various challenges of talent management in business sector.........................................3
What are various strategies and methods for overcoming challenges in business sector?........3
P2 A project management plan which covers, aims and resources, time, quality,
communication, risk and deliverables.........................................................................................4
P3 Work breakdown structure and Gantt Chart to have time frames and stages for
completion...................................................................................................................................6
...................................................................................................................................................8
TASK 2............................................................................................................................................8
P4 Carrying of small scale research with primary and secondary methods that are proper for
meeting project aims and goals...................................................................................................8
TASK 3..........................................................................................................................................11
P5 Present findings and data using techniques and tools.........................................................11
P6 Communicate recommendations a a results of findings and data analysis..........................16
TASK 4..........................................................................................................................................17
P7 Reflection.............................................................................................................................17
CONCLUSION .............................................................................................................................17
REFERENCES..............................................................................................................................19

TITLE
“Impact of talent management in business sector”
INTRODUCTION
In every business it is important to manage tasks and activities and projects in o0rderto
accomplish goals and objectives in a systematic manner. Managing a business project is
important as it helps in saving time and resources of company. Main motive and aim of this
report is to understand various challenges and obstacles of talent management that are faced by
business sector(Taylor, 2018). This report is based on challenges and obstacles of talent
management in Amazon, an American multinational company, focuses on e-commerce, cloud
computing, artificial intelligence and digital streaming. This report includes project aims,
objectives and time frame of challenges of talent management, small scale research, suitable
recommendations and reflection on values which are gained from project undertaken.
MAIN BODY
TASK 1
P1 Project objectives and aims for a Amazon.
Overview of research:
This research below has been based on talent management which is needed for
businesses in order to achieve its goals and targets of companies. In terms of Amazon, its
management keeps its focus to have talent management skills that effective and skilled
workforce could be attracted for a longer time period(Sheehan, Grant and Garavan, 2018). In
this working potential and capabilities that increases with a specific continuity so that employees
will be get motivated and connected with business. In terms of Amazon it is a multinational
company that focuses on e commerce. Hence it is important for business to develop and
formulate various strategies in which capability to attract and retain more employees will be
increased in a productive manner. Therefore adequate and proper research is carried by
researcher to introduce best strategies by which most of employees get retained, attracted and
grabbed.
Aim:
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“In order to analyse various challenges and barriers in talent management in business
sector”
Objectives:
 To define concept of talent management in business sector.
 To determine challenges of talent management in business sector(Gallardo-Gallardo,
Thunnissen and Scullion, 2020).
 To analyse various strategies and methods that is used by company to overcome that
challenges.
Research questions:
 Explain concept of talent management in business sector.
 Explain various challenges of talent management in business sector.
 What are various strategies and methods for overcoming challenges in business sector?
Literature review:
Explain concept of talent management in business sector.
According to the viewpoint of Mona Momtazian, 2020, talent management is defined as a
systematic and proper development identification, retention and deployment and engagement,
of those employees who are of specific value to an company in order to have high potential for
future and because they are satisfying business critical roles. Every business sector requires to
have implementing talent management in their operations as it helps businesses as follows: Attracting top and skilled talent: Talent management in business sector helps in recruiting
more skilled and talented employees (Sparrow, 2019). As when company has a strategic
talent management, businesses will be able to develop an employer brand that straightly
attracts ideal talent and in return it contributes to higher levels of business performance. Increasing employee performance: As it becomes easy for business to determine better
fit employees rather than taking decisions in recruitment that do not work towards ideal
company strategy. This could lead to less performance management issues and
grievances. Engagement of employees: A company makes systematic and consistent decisions about
development and enhancement of staff and ensuring that people that business requires
should have proper skills and development necessary and saving money on unnecessary
development.
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 Enhancing business performance: As when employees are engaged, motivated and
skilled they will work towards accomplishing business goals that in return it increases
client satisfaction and business performance.
Explain various challenges of talent management in business sector.
As per the viewpoint of Top Echelon, 2020, businesses work hard, effectively, train and
retain high talent. Employees are expected to add value to business company in order to
grow(Whysall, Owtram and Brittain, 2019). There is a hiring process that helps in building
strong workforce. And carrying out talent management is not always seems to easy process in
management. As with talent management there are many problems that could rise. Some of
challenges of talent management in business sector are as follows: Poor hiring strategies: When the company starts to higher not well qualifies and
experienced employee because of the urgent need of more workforce, that it becomes
difficult for the company to manage people. Ineffective leadership: Strong leadership in the company is basis of talent management.
When there is ineffective leadership in company's workplace employees would not have
a specific guidance in developing their talent(Muratbekova‐Touron, Kabalina and
Festing, 2018) . Company needs to come together to train and keep their employees.
Without having strong leaders, company wont be able to bring out talent management.
 Employee turnover: Talent management basically focuses at developing an employee
from beginning to ending. This helps employees feel valued, challenged and satisfied
with their jobs. Without successfully implementing talent management, business could
make high employee turnover rates. As high employee turnover rates occurs as when an
employees feels like their jobs is stagnant and their pay will not be increase.
What are various strategies and methods for overcoming challenges in business sector?
As per the viewpoint of Ilya Bonic, 2021, There is global target to achieve business
growth which is radically redefining how talent could be managed, incentivized and developed.
There are different methods by which talent issues and challenges could be solved and
employees of company needs to ensure that their efforts are to be in order to build workplace of
future that could create a material impact on productivity and attraction. Some of strategies and
ways by which challenges of talent management in business sector that could be overcome are as
follows:
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 Building of diverse talent pools: There should be utilisation of analytics to determine
talent flow opportunities, talent shown by innovative sourcing strategies and skills that
are matching and building for future experience. Embrace a new work equation: It should be recognized and building a growth culture
which supports flexibility, autonomy and development(Collings, Mellahi and Cascio,
2019). Simplifying talent processes: There should be a simplified talent management
technology and its execution in order to reduce duplications, simplification and
optimizing service delivery.
 Redefining value of HR: Businesses could evaluate how HR function delivers HR ,
strategic talent insights,operations and employee experience that provides a commitment
in investing at HR capability in building and establishing a important role managers and
executives at promoting talent driven sponsoring change and environment
P2 A project management plan which covers, aims and resources, time, quality,
communication, risk and deliverables.
A project management plan is referred as a formal and specific document which
determines that how project is going and performed to be carried and to complete a project, a
systematic process is required to be followed that consists number of stages, procedures and
specific activities which could be referred as project management plan (Crane and Hartwell,
2019) . This management plan focuses on providing importance to accomplishment of strategic
goals and objectives in a systematic manner. In terms of Amazon, it is a business entity that
focuses on carrying e commerce business and making effective decision making in company.
This process of producing project plans of various elements are explained as follows: Time: It is referred as a component that demonstrate whole period of time which is
undertaken by researcher with s motive of completing research in a particular way. For
this manager of company has to have adequate time of research which is around 4 months
is persuaded. This leads to efficiency of research in a time scale and whole risk factor are
to be reduced by outcome of project which is implemented in specific time frame. Scope: It is basically defines as a detail point of time that takes long terms capability is
maintained in an effective way. And there is a wide reach of projects in Amazon as
techniques, applications and tools are to used to build and construct them that could be
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adopted worldwide(Narayanan, Rajithakumar and Menon, 2019) . Moreover companies
accept talent management and find it to be beneficial at a broader and wider level. Quality: This element basically focus on quality of data and information taken and
gained from project. It depicts how effective plan is and ensures its quality by help of
total quality management(TQL). And selected company with high of of secondary and
primary functions through quality sourcing of knowledge resources to carry a project. Communication: There should be a proper communication in building a project plan
which is important in checking that goals and messages are carried out systematically.
There are tools and techniques like social media and texts that is used as a
communication medium for undertaken projects in company. Risk: It refers to a significant aspect which examine risks that could be occurred or going
while production and manufacture of a project plan. Business risks could be occurred
where there are various changes in work systems and patterns dynamically because of
uncertain situations or for any other reason. Therefore there are risks which are identified
from this research project is more time consuming while having talent management
strategies that involves recruiting, training, induction and development(Harsch and
Festing, 2020). As these processes might take a lot of time that negatively impacts other
departments from human resource sections of company.
 Resources: It refers to be elements which is needed for process of performing research
with a proper and specific facts and effective analysis which will have support in
effective outcome. In this project researcher needs various resources like equipments,
internet, human resources and computer that are provided by company so that useful and
satisfactory outcome could be achieved by an absolute mode(Neri and Wilkins, 2019) .
From this above learning of elements which are mentioned in paragraphs, it depicts that
without having a proper management plan, specific projects could not be explained or
understood. Hence it is responsibility and role of project manager to take efficient decisions by
help of components which are quality, risks, scope,communication and resources.
P3 Work breakdown structure and Gantt Chart to have time frames and stages for
completion.
In research project, it is important to be aware about techniques as well as technologies so
that objectives are to achieved in a proper and systematic way. In terms of this conducted
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research, it has been analysed that work breakdown structure as well as Gantt chart are necessary
to be focused so it will be easy to take decisions about time scale and stages which are required
to be focused for completion of project(Maurya and Agarwal, 2018). And in terms of Amazon,
company uses these tools and methods on basis of which they will be able to carry out project at
its ending stage. It is responsibility of manager to ensure that these methods should be used in an
effective way.
Work breakdown structure: It is referred as a process or method by which work and
tasks are being divided into a easier process and way to accomplish objectives in a systematic
way. In terms of Amazon, it is important to implement this approach so that it will be easier and
effective for employee to carry out their task in an efficient way (Musakuro and de Klerk, 2021)
. As it is stated that it is through using this technique as it makes easy for employees to decrease
complexities to work for good delivering of output. Major merit of this tools in which tasks are
allotted to employees in dividing of work into various sections. It is difficult for company to
have proper and proper knowledge about various these techniques so that goals that are
achieved. In a project timescales and phases are important to be identified so that work is being
completed in a specific period of time.
Gantt chart: It is referred as a technique which is used by companies to design and
schedule projects with a motive of finishing project in a easier way. With a help of Gantt chart,
it will be easy to examine as well as analysing resources, planning and manpower which is
needed by project in order to finish assigned activities and tasks in a systematic way (Gallardo-
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Gallardo, Thunnissen and Scullion, 2020). It is necessary for selected company to ensure that
charts to be made in an accurate way so that results will achieved in a positive manner. And it is
also stated that is essential for manager to make charts that shows relevance of information
relating to concepts that are static.
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TASK 2
P4 Carrying of small scale research with primary and secondary methods that are proper
for meeting project aims and goals.
This research project is carried to have a effectual knowledge about particular factors in
order to process learning in a proper manner (Mwila and Turay, 2018). In this research project
there are basically two basic ways of research which is implemented by researcher to achieve its
operations that are stated as follows: Quantitative approach: This method is used to have a emphasize whole measurement in
which mathematical, numerical and statistical analysis and with this informations and
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data is collected by a parallel that supports survey, manipulation of statistical data, polls
and questionnaire in a computational tools (Haak-Saheem, 2020) .
 Qualitative approach: This method is used in collecting information an relative data
which is collected by carrying interviews, first hand observation participant observation,
manual recording and documentation(Claus, 2019). This method consists of collection
and analysis of non numerical data by different concepts, opinions and experiences which
are considerate.
Data collection sources: Primary Sources: It refers to have fresh and new sources of data collection like
interviews, on spot assessments which are gathered as a primary data. It is defined as a
efficient and effective of gathering data that could be classified and applied as a primarily
source of enhancing business's productivity.
 Secondary Sources: It refers to an alternative approach of collecting data by study of
journals, books and statements. In this information is a proper information and data of
primary data which is unstructured and that creates it useful by relating with a reliable
figures and facts.
In this researcher has to make a proper proper usage of primary as well as secondary
sources. In terms of primary research questionnaire is prepared and carrying for secondary
research a proper and systematic literature review is stated to develop better knowing and
knowledge about a specific topic.
Sampling:
It is basically defined as a process which is used to design statistical analysis by which
predetermined observation could be calculated and determined and it is taken from a large
population size(Whysall, Owtram and Brittain, 2019). It refers to a methodology through which
effectual understanding processed by making solutions from respective applicants and
responders. In this project sample size is taken as 50 respondents.
Questionnaire
1. Are you aware about the concept of talent management?
a) Yes
b) No
2. Do yo think that talent management is beneficial for development and growth of
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company?
a)Yes
b)No
3. Have you faced any difficulty because of having talent management in workplace?
a)Yes
b)No
c) Sometimes
4. According to you what are relevant strategies for implementing talent management?
a)Staffing
b)Recruitment
c) Training and development
5. What is most faced challenge of talent management in Amazon?
a) Low productivity
b) Ineffective leadership
c) Poor strategy
6. Do you think company uses various effective strategies to overcome challenges of talent
management?
a) Yes
b) No
7. According to you do you agree that using of talent management is results in having
higher productivity at their workplace?
a) Yes
b) No
8. Is your productivity and skills are being affected by challenges and issues of talent
management?
a) Yes
b) No
9. Is your efficiency being enhanced using talent management?
a) Yes
b) No
10. Provide your feedback.
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