Managing a Successful Business Project: Tesco Talent Management Report

This report provides a comprehensive analysis of talent management strategies employed by Tesco, a multinational retail company. The report begins with an introduction to talent management, its objectives, and its importance in business growth. It outlines the project's aims and objectives, focusing on evaluating Tesco's strategies for motivating and retaining employees. The main body includes a project management plan detailing costs, scope, time, quality, communication, risk, and resources. A work breakdown structure and Gantt chart are utilized to manage the project timeline. The research methodology involves primary and secondary methods, along with qualitative and quantitative approaches, including a questionnaire. The report presents data interpretation, findings, recommendations, and a reflection on the research process. The conclusion summarizes the key insights and findings regarding Tesco's talent management practices.

Managing a Successful
Business Project

Table of Contents
Introduction .....................................................................................................................................3
Main body........................................................................................................................................3
Project aims and objectives ...................................................................................................3
Project Management Plan.......................................................................................................4
Work breakdown structure and Gantt Chart...........................................................................5
Gantt Chart.............................................................................................................................6
Small-scale research methodology for meeting aims and objectives of the project...............7
Data interpretation and findings ....................................................................................................11
Recommendations ...............................................................................................................13
Reflection.............................................................................................................................13
Conclusion ....................................................................................................................................14
References......................................................................................................................................14

Introduction
Talent management is a concept which helps in improving the performance of the
business so that goals of the business can be achieved effectively it helps increasing the profit of
the business by retaining the employees in the organisation. Talent management also helps in
motivating the employees performance of the employees gets enhanced and growth chances in
the business also gets developed it also helps in career development of the employees. The main
objective of talent management is to recruit, identify and retain the people who help in the
growth of the organisation so that long term survival of the business can take place. Performance
of the business depends on the performance of the employees. There are various strategies which
are planned by the organisation to motivate and retain its employees in the organisation so that
better services can be provided to the customers and revenue of the business can also get
increased. In this report Tesco is chosen for the research on talent management this report
involves project objectives and aims, work breakdown structure, Gantt chart, methodology of
research, reflection and recommendation. Since the 1990s Tesco has expanded its business
across the world due to which overall revenue of the business has also increased. Tesco deals in
various areas such as clothing, books, toys, furniture, software, petrol, internet and telecoms
services. Tesco is considered among the top retailer companies in the world due to high demand
in the market (Mohammed, 2018).
Main body
Project aims and objectives
Overview of the Business
Tesco is the multinational retail company in UK which provides wide variety of retail
items to the customers which helps in the satisfying the needs and requirement of the customers.
Tesco was founded by Jack Cohen in 1919 and its Headquarters in Welwyn garden city,
England, UK
Aim of the Research
To Analyse various strategies used by Tesco for motivating and retaining its employees
in organisation so that growth of the business can take place.
Research Objectives
 To evaluating the needs of talent management in the organisation.

 To determining the importance of motivating and retaining the employees in the
organisation.
 To analysing the various strategies used by Tesco.
Research Questions
 why talent management is used in the organisation?
 Why is it important to retain employee in the organisation?
 Identify various talent management strategies used by Tesco?
Project Management Plan
It is a formal Document which identifies how the assigned project will be carried out In
helps in executing and controlling the project so that best result can be provided. It helps in
keeping the project on the track by outlining the goals, scope, timeline, budget, deliverables of
the assigned project It analyses all the necessary information which helps in completing the
project on time. The provided information is discussed with the stakeholders so that best decision
can be taken. Project management plan helps in assigning the task and roles to the team members
who are involved in the completion of the project. It helps in providing proper management in so
that best outcome can take place. Various elements of project management plan is given below:
Cost: It is basically the amount which organisation has to utilise while completing the assigned
project. For the completion of the project. Organisation has to invest £700 for the collection of
data with the primary research. For the collection of data through the secondary research
company has to invest around £200 more. It is important for the organisation to plan their
investment in advance so that project can be executed effectively. Planning of the cost is very
important for proper completion of the project (Kane, 2017).
Scope: It helps in analysing related aspects of the project like task , goals , functions,
deliverables. This research is based on talent management which will help the organisation in
observing the importance of talent management in the business so that growth of the business
can take place.
Time: It refers to the time which is taken by the organisation for the completion of the project.
For completing the project at the assigned time period it is important for the organisation to
decide the time frame for each step in advance. With the helps of work breakdown structure and
Gantt chart time frame of this project has been decided. As per analyses researcher has taken the
time-frame of 5 week for the accomplishment of the research they are also expecting extra

7week to implement and design the strategies which will be based on the recommendation and
outcome of the report.
Quality: It plays an important role in collection of information and data because the data which
will be collected for the project completion should be from the certified sources so that best
quality of outcome can take place. Organisation should maintain information and sources private
so that quality can be maintained.
Communication: It helps in providing the information and data to all the stakeholders with are
involved in the research. So that better decision can take place related to the research It involves
communication channel and can be both ways – oral and written. In this research both oral as
well as written communication has been used. Retaining the employees of the organisation is the
function of the human resource of the organisation and it is responsibility of the senior managers
to develop the strategies so that goals of the business can be achieved on time.
Risk: It involves mentioning of the risk factors that can be involved in the research. These
different types of risk involves risk of limited sources, limited resources, crunch, funds etc.
organisation can face various risk which can be inadequacy of skilled employees, inaccurate
information analyses, lack of talent between the employees (Alsawalhah, 2020).
Resources: it involves resources which are used by the researcher during the research. Resources
like paper, pen, responses, time etc. are used which is important for the completion of the
project. Organisation also requires other resources like correct data interpretation, talented
employees, authentic sources of research etc.
Work breakdown structure and Gantt Chart
To determine the time-frame of the project various methods has been used by the
researchers. To analyse the time frame of the research project there are various techniques which
are used by Tesco which are given below:
Work breakdown structure
It helps in breakdown of the project into small parts which helps the team members to
execute and manage the project effectively. It helps in completing the project on time it also
helps in team productivity and management of the project which helps in reducing the workload
of the team members. This helps in analysing responsibilities and roles related to project along
with risk and cost involved and helps in developing correct sources of information. Work break

down structure is used for research management and project management both so that project can
be completed on the assign time period.
Gantt Chart
It is basically a bar type chart which is used for analysing the relationship between real
time activity and schedule status. It is presented in horizontal and Vertical axis which helps in
indicating the status of activities and work in a planned and organised structure so that project
can be completed on time. It involves several parts like dateline, bars, timeline, lists etc. which
helps in managing the functions of the projects like organising, planning and controlling the
activities of the project in the proper manner (Tamunomiebi, 2020).

Small-scale research methodology for meeting aims and objectives of the project
It refers to the determination and identification of specific tools which are used for
assessing, defining, analysing and processing all the information and data which is related to the
project. It also helps in analysing the reliability and validity of the information related to the
project in a effective manner so that best results can be provided (Aşçı, 2017). These research
helps in analysing the area where improvement is needed so that best outcome can take place. It
helps in achieving the aims and objectives of the research so that project can be completed

effectively. Below are the various methodology of the research which are used by the researcher
during the completion of the project.
Primary method: This involves the collection of first hand data. It is basically the raw
data which is collecting the researcher as per the problem which is identified and aim of the
research this method is slightly time consuming because it is collected by the researcher only
without any support due to more cost is involved under this method. It involves various method
such as questionnaire evaluation, focus groups, case studies, personal and telephonic etc.
secondary method: This methods helps in providing the information of other scholar and
researcher due to which this type of data and information is refereed as second hand data.
Researchers take a helps of various sources which can be articles, journals, websites, books,
magazines, reports etc. this type methods are cost effective and less time consuming because the
data is already analysed and compiled by other person. This sources of information is considered
less effective sources of data collection as compared to primary sources. These research
contained all the data which are already analysed by the other researcher (Azma, 2019).
Qualitative research: This types of research does not includes the numerical terms. It involves the
information and data like words, observations, photographs etc. primary data and information are
considered for this research so that accuracy of the data can be extracted. Due to which sample
size of this data is small so that data can be filled in an appropriate manner.
Quantitative Research: This research involves all the data and information which can be
expressed in statistical and numerical terms. This type of research helps in recording the
qualitative data into quantitative information. Sample size of this research is mainly large and it
is also easy to evaluate.
For determining the data it is necessary for the researcher to utilise primary methodology
with the qualitative methodology the sources of data and sample should be certain for the
completion of these research organisation has planned questionnaire to collect the information
and data effectively.
Sampling: It helps in analysing the total size of the participants from the whole
population so that information can be converted into statistical and numerical information. The
chosen sample size for this research is 30.
Questionnaire: it involves various questions related to the research aim and objectives so
that proper information can be collected from different participants which will help in analysing

the report. It helps in providing exact information related to the data so that best outcome can
take place.

Questionnaire
Q1. Do you know about the concept of Talent management
a. Yes
b. No
Q2. According to, do you think, there is a need of talent management in a Tesco company?
a. Yes
b. No
c. Can't say
Q3. Why do you think talent management is most important for a company?
a. To attract to top talents
b. To motivate employees
c. To retain top talent
d. All of the above
Q4. According to you, what talent management strategies are being used by company to retain
employees for long run in a company?
a. Training and development
b. Rewards and recognisance
c. Cultivating honest career path
Q5. Why do you think employees leave from company?
a. Less growth and opportunities
b. Less rewards and recognisance
c. Lack of leadership
Q6. What challenges are being faced by company while implementing talent management
strategies?
a. Increased employee turnover
b. High compensation demands
Q7. What recommendation are to be given to company for using of talent management
strategies?

Q1. Do you know about the concept of Talent management Frequency
a. Yes 20
b. No 10
Q2. According to, do you think, there is a need of talent management in a
Tesco company?
Frequency
a. Yes 20
b. No 5
c. Can't say 5
Q3. Why do you think talent management is most important for a
company?
Frequency
a. To attract to top talents 5
b. To motivate employees 5
c. To retain top talent 10
d. All of the above 10
Q4. According to you, what talent management strategies are being used
by company to retain employees for long run in a company?
Frequency
a. Training and development 15
b. Rewards and recognisation 5
c. Cultivating honest career path 10
Q5. Why do you think employees leave from company? Frequency
a. Less growth and opportunities 10
b. Less rewards and recognisation 12
c. Lack of leadership 8
Q6. What challenges are being faced by company while implementing
talent management strategies?
Frequency

a. Increased employee turnover 17
b. High compensation demands 13
Q7. What recommendation are to be given to company for using of talent
management strategies?