Employee Development and Talent Management | NMIMS Assignment Help April 2023 Question
1. The Starbucks Corporation utilizes its human resource practices and policies as a strategy to gain competitive advantage and drive the overall success of the company and its gobalization efforts. As a Chief People Officer, you want to develop a robust talent management practice for your company. What steps will you follow for an effective Talent management system in the company?
2. Star Fertilizer Ltd. employs 6,500 workers. A survey conducted by its human resource department shows that there is low morale among the workers apart from a lot of frustration and dissatisfaction. The situation is being exploited by trade union leaders. Hence, the management of the company wants to take steps for boosting up the morale of the employees. Suggest the strategies that the company can adopt to motivate its employees.
3. In April 2018, Maruti’s stock price dropped 2% overnight when their COO, Ajay MIshra announced his departure from the company. The issue? Ajay was the apparent heir for CEO Sunil Sharma and his announcement signaled an unraveling of the automobile giant’s succession plans. Maruti’s solution was to ask Sharma to extend his contract, which he did for the third time. Today, more than two years later, Sharma is still at the helm with a departure date set for 2022.
a. What if Maruti had a different narrative. Instead of offering more time with Sharma, what if they clearly defined his secrets to success and then showed how they had top talent identified in each of the areas in which he appeared irreplaceable?
b. Explain how development of talent as a strategy leads to leadership development.