Analysis of Talent Management in a Successful Tesco Business Project

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This project report focuses on talent management within Tesco, a multinational retailer. It examines the importance of project planning and management to achieve organizational objectives. The report includes a literature review on talent management, followed by a project plan outlining aims, objectives, and a project management plan. It utilizes a work breakdown structure and a Gantt chart to establish timeframes and stages. The research methodology incorporates both qualitative and quantitative approaches to gather and analyze data. The project further analyzes the data to provide recommendations. The report concludes with a reflection on the project's findings and overall conclusions regarding effective talent management strategies in a business context.
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Managing a Successful
Business Project
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Table of Contents
INTRODUCTION...........................................................................................................................3
LITREATURE REVIEW................................................................................................................3
TASK 1............................................................................................................................................4
Project aims and objectives ...................................................................................................4
Established plan for project management...............................................................................4
Work break down structure and Gantt chart in order to provide time-frames and stages for
completing..............................................................................................................................6
TASK 2 ...........................................................................................................................................8
Qualitative and quantitative methods of research in order to achieving project objectives...8
TASK 3..........................................................................................................................................12
P5) Critically analysis and data in order to using appropriate approaches...........................12
Recommendations................................................................................................................17
TASK 4..........................................................................................................................................18
REFLECTION .....................................................................................................................18
CONCLUSION ............................................................................................................................18
REFERENCES..............................................................................................................................19
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INTRODUCTION
In organisation, it is important to plan and manage project and activities so the objectives
of organisation can be achieved in effective manner. If they are planned in systematic way then
time and resources are managed in business projects (Cappelli and Keller, 2017). The main
objective of the report is to use talent management and with the help of this understand the
strategies. Tesco, a multinational retailer and groceries headquarters in Welwyn garden city,
England. They deal in groceries and retail sector. The report includes Gantt charts, research data
and methods, objectives and aims and objectives of projects, project management plan, reflection
and appropriate recommendations.
LITREATURE REVIEW
According to the Adamsen (2016), Talent management is process which refers to
organisation adapting effectively utilisation this approach in order to attract and retain the
employees for longer period of time. It considered as effectively and efficiently managing
human resources in order to enhancing effectiveness of organisation. It includes each and every
organisation focusing various strategies in order to sustain and survive in the market for longer
period of time. Talent management is concept which refers to retaining those employees which
are able and capable in order to effectively performed business functions. It is process which
refers to organisation effectively managing operations and function in order to achieving
companies goal and objectives. It includes HR department plays vital role in order to recruiting
right person at right place in order to smoothly run the business operations. It considered as
manager and leader effectively managing employees in order to increasing business performance
at marketplace as well as retain employees for longer period of time. It includes retain
organisation providing various training programmes for employees in order to retain talented
employees as well as HR manager focusing job satisfaction approach. It involves organisation
hiring human resources so attracting and pooled the candidate for job in order to invited
application of candidate (Collings, Mellahi and Cascio, 2017).
There are ample numbers of competition are present at marketplace which refers to most of
organisation formulating new strategies in order to retain and attracting talent employees. It
refers to considering various activity due to effectively using talent management approach and
evaluating skill, ability and capability of fresh talent in order to increasing productivity and
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profitability. HR manager is effective process which refers to effectively managing talent
employees in an organisation and ensure to fulfil the criteria of business.
TASK 1
Project aims and objectives
Overview of topic: Talent management is important concept which refers to this project
focusing on aims and objectives are fulfilled effectively (Elegbe, 2016). It is essential to
understanding the aims and objectives in order to effectively planning which result as achieving
project goal and objectives. However, it considered as essential to necessary and evaluating in
order to decision implementing successfully.
Research title-: “Talent management is essential for an organisation in order to retain
talented employees”.
Research aims-: To formulate strategies due to effectively establishing talent
management approach.” A case study TESCO.
Research objectives-:
To evaluating the effectiveness of talent management.
To examine various strategies regarding retaining employees.
To determined different tool and techniques in order to enhancing employees
performance.
Established plan for project management.
Project management plan is a process where various activities and procedures to be
followed to complete a project in a systematic way. To achieve the the goal of organisation in
an effective manner they have to focus on management plan. In other words, the management
should focus on successful strategies to achieve in proper way. Tesco, a manufacturing retailer
when taking decision they focus on project management plan for effective implementation of
plan (Ford, 2017). To implement the project plan there are various component which are
discussed in detail in below points:-
Cost- it is taken into consideration as one of the critical trouble for the project a selected
test as it assists in getting efficient gadgets in the right way. further to this, price suggests to the
one's additives that obtain at the time of manner of plan o the unique undertaking in properly
enough manner. On the way to this research, the researcher makes a try to establish the market
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which assists them to determine the entire expenditure in good sufficient way. So the whole
charge it really is required to complete this file is £600
Scope- This aspect is related to that perception in which maximization the general overall
performance of a particular research report in a superior way. although, because the market
contention and increase desire are maximizing at a quick tempo, it expands the scope of research
in gathering ok statistics or thoughts and strategies for undertaking the paintings in an extra
developed manner.
Time- it is relating to that aspect which indicates to time perimeter to accomplishing the perfect
project in an inexperienced shape further to this, with the assistance of this detail, the researcher
is capable to put into effect superb effects over selected humans that enhance its excellent and
execution. regarding this research challenge, the researcher analyzes the contemporary
commercial enterprise surroundings and undertaking that assist them to monitor inside the route
of plan time of this assessment. So, the surveyor can analyze that these studies consume 2
months of the body for completion.
Quality- It bears in mind as maximum essential as it at once related with undertaking
productiveness among the numerous region and population (Mohammed, 2018). therefore, the
researcher may want to attempt to look at the cutting-edge marketplace that leads them to build
up all applicable information to analyze the topic which helps in helping extraordinary
investigators to behavior their research in an advanced manner.
Communication- it's miles every different suitable factor of task manipulate plan that is related
with the performance of everybody and additionally make manage on numerous complexities
like confusion, misconception and lots of extra. moreover, in the context of these studies, the
researcher could make utilization of conversation channels that encourage them to build up
effective and appropriate records.
risk- it's far associated with those components which may be used by the investigator to perform
the studies file in an ok manner. Regarding this research challenge, the researcher several
dangers concerning the gadget of a project control plan, misunderstanding, confusion and
mission associated dangers, and plenty of others.
Resource- It mentions those additives and factors which might be considered with the aid of the
researcher in the time period of accomplishment of studies in extra true sufficient fashion. In the
context of this research, the investigator requires resources like time, financial cost, human
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useful resource, and equipment which encompass cell, laptop and plenty of more to behavior the
survey in desirable sufficient way.
From the above discussed components, we conclude that without planning of project
management or if there is no proper execution of plan then there will be no explanation and
understanding of particular project (TLawler, E.E., 2017). The components learned in above
paragraphs are risk, quality, scope , resource and communication these all will help for effective
decision made by project manager.
Work break down structure and Gantt chart in order to provide time-frames and stages for
completing.
It includes project & research, it is essential to analysing tools and techniques in order to
attain goal and objectives within the specific period of time-frame. In context to effectively
conducted research, it is essential to analysis work breakdown & Gantt chart framework in order
to deciding timeline which refers to completing the project (Murillo and et. al., 2019)(Scullion
and et. al., 2020). In addition to this, Tesco is one of leading supermarket chain in UK in order to
utilisation various tools and techniques which result as carrying activities as well as project in
order to specific time frame to completing stage. It is duty and responsibility of manager of
company which refers to effectively and efficiently managing business operations.
Gantt Chart-
It is tool and techniques which are used by most of organisation in order to developing
plan and schedule project because the main aim and purpose in order to accomplishing project
within specific period of time. It involves Gantt chart is tool which refers to determining the
resources, manpower, planning and many more in order to planning for projects as well as
assigned task and activities. It is important concept which refers to chart are developing in
proper manner as well as results are achieved effectively and efficiently. It considered as
managers are essential to developing chart as well as providing relevant information regrading
concept as well as statistics.
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WBS-: It is another tool and techniques which refers to utilising various process, work and
activities are dividing in simple parts which result as achieving organisation goal and objectives.
In relevance of Tesco, it is essential to use this approach in order to business carrying activities
and work in effective and efficiently (Scullion and et. al., 2020). In addition to this, it considered
as majorly using this tool and techniques for employees in order to reducing difficulties of task
as well as providing best result. The main benefit of this model in order to activities are allotted
properly to all employees as well as work effectively dividing among the employees.
It is necessary tool for an organisation in order to using knowledge in order to accomplished the
goal and objectives. It involves each and every project has specified time frame and steps which
result as analysed work within specific period of time.
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TASK 2
Qualitative and quantitative methods of research in order to achieving project objectives.
It includes each and every project is specific information in order to effectively attained
the project objectives. It is essential to using research method such qualitative and quantitative in
order to properly gathering information and data. In context of Tesco, it includes various kinds
of research method and processes which are discussed below.
Qualitative approach-: There are ample numbers of sources are available in order to
gathered and collected information with the help of newspapers, internet browsing, magazine
and many others. This kind of information are collected with the help of using theoretical
process which refers to.
Rationale-: It is process which refers to particular reason behind on the research method
as well as saving time and effectively collected information (Shulga and et. al., 2019). It is
techniques which refers to manager applied in order to collecting wide range of information.
Quantitative approach-: It is tool and technique which refers to collecting information
such as numerical form like numbers and statistics. This is method which refers to lengthy and
time consuming in order to requirement of skill and capable person which effectively and
efficiently collecting information . This research is process which refers to need specific
information about knowledge in order to analyse numbers and study trends.
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Rationale-: The main purpose of this method which refers to research is providing
information and outcomes in order to manager utilised effectively and efficiently. It considered
as data are collected in the numerical and statistic form.
Data collection methods
It is process which refers to utilising various tools and techniques in order to
systematically collecting information. It includes organisation is essential to analysis the internal
and external environment such as vendors, employees, suppliers and many others. Data
collection is important method in order to used various kinds which mentioned below.
Primary data-: The data which is collected in first time and is refereed to as first hand
data which is procured by the research worker himself by using his time and energy which is a
time consuming task. The primary data is further in gaining secondary data as well. It is
authentic data as there is no third party involved in the process of data collection.
Rationale-: The reason behind this method in order to reliable and accurate data are
collecting in this method which result as primary data collected from authenticate sources so it
helpful to gathering new information on the basis of facts and figures. It is process which refers
to collecting from reliable source in order to gathered the right information.
Secondary data-: It is second method of collection of information which refers to data collection
from already available in books, journals, statements, internet and many others. It is data which
refers to already collected so it is provided in more structured and systematically are available
rather than primary data (Thunnissen and et. al., 2017). It is process which refers to data are
more accurate and reliable in order to using various facts and figures.
Rationale-: This method is main reason in order to it is less time consuming rather than
primary data. It includes Sainsbury's allotted work for it's researchers in order to gathering the
secondary data in order to effectively planning because helpful to achieving organisation goal
and objectives.
Research method is process which refers to examine by researcher in order to directly
linked with various research such as correlation research, experimental research, quasi-
experimental research and many others. It considered as researcher providing best solution in
order to effectively solve the business problems and issues which result as qualitative and
quantitative surveys.
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In the context of field work, I have utilising various tool and techniques in order to
conducting research such as particular concept, gaining data in order to interacting with other
friends as well as used managing the activities of organisation in the finance department. It is
essential to conducting successful connections with the organisation because many other
department are linked with the organisation (Vaiman and et. al., 2018). I am facing too many
problems and difficulty in order to performing business activity as well as not gaining useful
information. I take decision regarding my methodological by interviewing with manager of
company.
Interview
Researcher- Hello sir, I am student of XYZ college and I would like to take your
interview for my project report so it would be beneficial for me. Allow me to take interview if
you are free.
Manager- Yes, sure.
Researcher-: Thank you so much because you are providing me this opportunity. So,
what do you think about talent management in Tesco in order to managing employees ?
Manager- Yes, Talent management is necessary because skilled employees are
necessary in order to developing goodwill at marketplace.
Researcher- What about the strategies regarding talent management ?
Manager- Yes, strategies are essential in order to acquire and retain talented employees
in order to achieving organisational goal and objectives.
Researcher- Tesco is one of the leading organisation in order to do you think about the
problems and challenges which are faced by organisation in order talent management approach
not adapting effectively ?
Manager- Yes, definitely Tesco is great supermarket chain but they face so many issues
in order to not effectively adapting talent management process.
Researcher- Due to competition is increasing in the market, so what about the
productivity in order to effectively establishing talent management in organisation ?
Manager- Productivity is necessary for each and every organisation so it is essential to
adapting talent management strategies in order to enhancing profitability and productivity of
company.
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Researcher- Thank you so much sir for your giving precisions time and lot of helped to
me in my project.
Therefore, it is essential to utilising this primary and secondary data collection in order to
effectively managing project as well as project management (Wu and et. al., 2016). It includes
utilisation appropriate techniques which result as collecting reliable data in order to developing
good research report. Further, it includes formulating various strategies and concept in order to
organisation effectively adapting in order to retain the talent management of organisation.
Questionnaire
1. Do you think talent management is essential for organisation in order to enhancing
productivity ?
Yes
No
2. What are the strategies regarding talent management ?
Recruitment
Training & development
Staffing
3. What are the problems and challenges which are faced by organisation in order to talent
management not adapting effectively ?
Low profitability
Low productivity
None of the above
4. Examine the role of HR department in order to retain talent management ?
Yes
No
5. How much time spend in order to retain the employees ?
6 months
1 year
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TASK 3
Data analysis using appropriate approaches.
With connection of this project, it is necessary to be know about the subject so that
appropriate tools and techniques can be adopted which is helpful in order to make effective
decision process. It is duty of investigator to use it in effective manner and develop possible
result. So questionnaire is used for collecting information with the help of 30 respondents &
interpretation which are discussed below.
Theme 1: Do you think talent management is essential for organisation in order to enhancing
productivity ?
Frequency
Yes 24
No 6
24
6
Yes
No
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