Maximizing Business Success: Talent Management at Marks & Spencer

This project provides an evaluation of talent management strategies, using Marks and Spencer as a case study. It begins with an introduction to project planning, including the background, aims, and objectives of talent management within the company. The project plan outlines key aspects such as the company's vision, mission, product portfolio, capital raised, and communication strategies. It also incorporates a SWOT analysis and risk assessment. The research methodology section details the philosophical approach, data collection methods (primary and secondary), and ethical considerations. Furthermore, the project includes a timeline with milestones, a project log book, and a discussion of primary and secondary research findings, culminating in reflective practice and recommendations for optimizing talent management strategies to enhance business success. Desklib offers this project as a valuable resource for students studying leadership management.

UNIT 6
PORTFOLIO

Table of Contents
INTRODUCTION.................................................................................................................................3
Project planning.................................................................................................................................3
Background.......................................................................................................................................3
Aim and objectives............................................................................................................................3
Project plan........................................................................................................................................3
Milestone...........................................................................................................................................6
Research Methodology......................................................................................................................6
Step 2...................................................................................................................................................12
Primary and secondary research......................................................................................................12
Step 3...................................................................................................................................................15
Present finding.................................................................................................................................15
Step 4...................................................................................................................................................15
Reflective Practice...........................................................................................................................15
REFERENCES....................................................................................................................................17

INTRODUCTION
Project planning
Background
Talent management is defined as a practice of managing the human resource related
need of the company. The entire practice of talent management approach with support of
certain strategies that would empower the organization to achieve all its various business
objectives. Marks and Spencer Company was established in the year 1884 by the founders
Michael Marks and Thomas Spencer. The company is currently working in the retail sector
and contained the global business base. The involvement of the talent management is massive
for all the companies (Mousaei and Javdani, 2018). The operations of talent management
support the businesses to cherish the skills and abilities of the employees work in the
company and could possibly operate various functional responsibilities of business and
execute the bets efficient operations possible. The businesses adopt different strategies to
execute the best practices of talent management.
Aim and objectives
Aim:
 To evaluate the strategies of talent management company can use in order to
maximise the success of business. A study on Marks and Spencer Company.
Objectives:
 To understand about the concept of talent management.
 To analysis different strategies of talent management.
 To discuss the impact talent management strategy creates over the productivity of
business.
 To provide necessary recommendations to execute the best practices of talent
management.
Project plan
Business name: Marks and Spencer Company

Background
Marks and Spencer company was established in the year 1884 by the founders
Michael Marks and Thomas Spencer. The organisation executes its operations in retail sector
(Pace, 2019). Company is currently operating its services over e-commerce platform along
with the offline platforms. Headquarter of company is located in London, United Kingdom.
Vision, mission, objective and goal
The vision, mission, objective and goal of the Marks and Spencer Company is to
delegate the retail sector related need of the customers. The mission is to incorporate the
quality service to the customers so that they get the best consumer experience with the
organisation.
Nature product or service
The product portfolio of Marks and Spencer Company comprise with all retail
products that involve food, home product and clothing line. All these are the retail product
deliver different needs and requirements of customers.
Capital raised
This project will be able to raise approximately £500000.
Communication to stakeholder
The communication with stakeholder group will be done over email and phone call.
These are the major sources of communication.
Operational plan
The operations of the business will be manage with the support of the different
departments, leaders and workforce. Employee will assign the individual role and
responsibility in the business.
Marketing plan
This will involve using various marketing or promotion channels include digital
platforms, social media and other traditional mode of promotions.

Resources
All potential resources are assigned that involve money, human and other such
resources over different functional responsibilities.
SWOT Plan
This will discuss about all the strength, weakness, opportunity and threat of the
company. Internal analysis will be done to disclose all facts.
Risk factor
Risk related to lack of time and resources are there. The time is limited which further
restrict in collecting facts.
Scope
This project will be able to highlight all the core facts and details about strategies that
can adopt to execute talent management function.
Project cost
RM Cost : 50000
Emp hire cost: 50000
Training and dev. Cost: 10000
Tech and soft ware support cost: 100000
OOther cost: 50000
Total: 260000
Scope
Talent management is a professional practice adopt by businesses to handle the need
and requirement of business for managing the human resources. Different strategies are
adopted by company to execute the most fruitful talent management operations in venture.
The company also conduct the performance review practice to deliver best talent

management practice at organisation (Mavi and Standing, 2018). This project will discuss the
key fact about the role of talent management practice in business. This study will involve the
clear application about the practice of talent management in business to achieve the business
objectives in best way possible. Collection of employee feedback is also a necessary step that
is taken to execute the talent management strategy in business. Collection of feedback allows
the company to identify all the areas that seek some kind of improvement and development
when it comes to apply the talent management strategy.
Milestone
This etire project will conduct the various events such as project initiation, planning,
project implementation, performance review and project closure. . All these are the major
events occur in this project.
Project initiation
The manager will identify all the key requirements of the project. Project scope will
also develop and design. Objective will finalise. Complete details will collect and formulate
at this stage related to the project is executed.
Project planning
This will involve the complete plan how the project will execute. All strategies and
approaches that will be taken to execute the project will discuss in this stage. Resources will
identify along with budget is also prepared.
Project execution
On the basis of the approaches are designed and strategies are framed this stage is
executed. The data is collected and analysis is also conducted at this level to determine the
quality of outcome.
Research Methodology
Research philosophy

The research philosophy is further segregated into different parts realism, objectivism,
intrepretivisim, pregtamism and case study. All these are the different types of philosophies
associated with the study is conducted. Philosophy is a basic idea behind the study is
conducted so far. Realism: will support in order to conduct the study. The idea of the human
brain will definitely support in the study. Assumptions will make on the basis of the scientific
approach that will support the clear development of understanding and knowledge over the
topic of study. Objectivism: involve understanding the psychological reality of the project.
This will support in understanding the need and requirements of the study that is executed.
Interpritivism: will also become a part of the study. This will involve interpretations will
make about the topic of study based on the data that is collected. This will allow the scholar
to formulae the best possible conclusion out of study is conducted. Pragmatism: will be
used in this study. With the use of primary method interrogation will be done with the
sources that can provide the most optimum amount of information. This will support in the
best way to collect the primary information and data. Case study: will allow to collect
reasonable information as a part of secondary method of data collection. This will involve
selecting the similar case studios and collect the most reasonable facts and information.
Research approach
The research approach is off different types such as inductive, deductive and
abductive. Inductive approach involve identifying the pattern in study based on observation
and make necessary judgements (López-Robles and et.al., 2019). Deductive approach include
formulate hypothesis and test it further. Abductive approach is a mix of both inductive as
well deductive. This study will consume inductive approach.
Data collection

Data collection is a process of collection of information and data. The data collection
technique involve primary and secondary. This study will consume both primary as well
secondary (Shah and et.al., 2021). Questionnaire technique will use in primary and secondary
will involve literature review.
Sampling
Sampling is a practice involve identifying the primary sources that can provide the
most require information to carry out the research study. Sampling is of various types such as
systematic sampling, simple random sampling and many more. This project will use simple
random sampling method. 30 people will become a part of sampling process.
Ethical consideration
Moral values are respected of all the individual become a part of this study. While
collecting the data privacy of all the sources has been taken care off. Permission has been
asked before approaching the sources. No one is forced to provide any subjective response.
ask Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled Project initiation 16 days Thu
1/13/22 Thu 2/3/22
Auto
Scheduled Creation of project charter 2 days Thu
1/13/22 Fri 1/14/22
Auto
Scheduled Finalise aim and objectives 2 days Mon
1/17/22
Tue
1/18/22 2
Auto
Scheduled Key stakeholder identification 2 days Wed
1/19/22
Thu
1/20/22 3
Auto
Scheduled Pitching the project 1 day Fri 1/21/22 Fri 1/21/22 3,4
Auto
Scheduled Feasibility study 3 days Mon
1/24/22
Wed
1/26/22 5
Auto
Scheduled Assembling team and tools 4 days Thu
1/27/22 Tue 2/1/22 6
Auto
Scheduled Delegation of each role 2 days Wed
2/2/22 Thu 2/3/22 7

Auto
Scheduled Planning 17 days Fri 2/4/22 Mon
2/28/22
Auto
Scheduled Prepare project roadmap 4 days Fri 2/4/22 Wed
2/9/22 3,8
Auto
Scheduled
Break project in context to list
of deliverables 3 days Thu
2/10/22
Mon
2/14/22 10
Auto
Scheduled Coordination with teams 2 days Tue
2/15/22
Wed
2/16/22 8,11
Auto
Scheduled Identification of risk 3 days Thu
2/17/22
Mon
2/21/22 11,12
Auto
Scheduled Budget creation 5 days Tue
2/15/22
Mon
2/21/22 11
Auto
Scheduled Add milestones 2 days Tue
2/22/22
Wed
2/23/22 14
Auto
Scheduled
Setting up progress reporting
guidelines 3 days Thu
2/24/22
Mon
2/28/22 13,15
Auto
Scheduled Execution 16 days Tue 3/1/22 Tue
3/22/22
Auto
Scheduled Execution of project scope 2 days Tue 3/1/22 Wed
3/2/22 16
Auto
Scheduled Management of team work 3 days Thu 3/3/22 Mon
3/7/22 16,18
Auto
Scheduled
Recommend changes and
required corrective actions 4 days Tue 3/8/22 Fri 3/11/22 19
Auto
Scheduled
Management of project
communication 3 days Mon
3/14/22
Wed
3/16/22 19,20
Auto
Scheduled Status review meeting 1 day Thu
3/17/22
Thu
3/17/22 21
Auto
Scheduled
Document all changes involve
with project 3 days Fri 3/18/22 Tue
3/22/22 22
Auto
Scheduled Performance/ monitoring 11 days Wed
3/23/22
Wed
4/6/22

Auto
Scheduled
Observing project
implementation 3 days Wed
3/23/22 Fri 3/25/22 22,23
Auto
Scheduled
Identification of problems and
risk factors of project 5 days Mon
3/28/22 Fri 4/1/22 25
Auto
Scheduled
Deployment of mitigation
strategy 3 days Mon
4/4/22
Wed
4/6/22 26
Auto
Scheduled Project closure 14 days Thu 4/7/22 Tue
4/26/22
Auto
Scheduled Final project verification 4 days Thu 4/7/22 Tue
4/12/22 27
Auto
Scheduled Project review 5 days Wed
4/13/22
Tue
4/19/22 29
Auto
Scheduled
Release deliverable and
resources 2 days Wed
4/20/22
Thu
4/21/22 30
Auto
Scheduled Project close out report 3 days Fri 4/22/22 Tue
4/26/22 30,31

Project Log Book
Week No. Date
Identified
Update on weekly research (including new ideas or change in project
direction)
1 01/19/22 In this detailed understanding has been designed over the topic of study. The
fundamnetal analysis is codnmcuted in respect to the topic of study along with aim
and objectievs are also designed in this week.
2 26/01/2022 In this week sigiifcance is completed and rational is prepared of the study.
3 31/01/2022 In his weekm first chapter of rthe srudy is completed and reviewed.
4
7/02/2022
This week literature review theme is prepared.
5
14/02/2022
In this week schoars are identified of which reearhc and studios can use to conduct
the whole literature review section.
6
21/02/2022
This weel literature review first theme is completed.
7
28/02/2022
Literature review seond theme has been completed.
8
7/03/2022
Literature review chapter is completed in this week.
9
14/03/2022
Researtch methodologychapter is started in this weekl.
10
21/03/2022
Proper planning is condcuted and the chapter is started in this week.