The dissertation has been carried out upon the topic of identifying the role of talent management in improving customer base of business: A Case Study on British Airways. In this context, the respective chapter dictate the brief background regarding the respective study. Herein, the study tends to provide a very brief description about the selected topic under study. Furthermore, in the given chapter description has also been given regarding the major problem which is being related with the selected subject under study. Moreover, the study also gives description about the major aims and objectives which are related with the selected topic. Hence, the given thing tends to direct the direction of whole study.
1.1 Background of the study
The intense and highly effective competitive environment is forcing the firm with regard to make efforts for maintaining and retaining the skilled and talented employees within the enterprise. This is because, it is with the help of such type of employees only managers of service industry will be able to carry out their efforts with respect to deliver their best services to the corporation in an effective manner (Björkman and Welch, 2015). The firm compliance with the delivery of high quality services will lead to enhance the satisfaction level of the firm's buyers. As a result of it, they will feel motivated in using the services of enterprise on continuous basis in an effectual way. Due to this, overall benefits will be gain by firms in the form of increased profits and sales.
However, different authors have given varied definitions upon the talent management. According to the view point of Church and Rotolo (2013) Talent management is the organisation practice wherein significant efforts is being made by the manager of firm with respect to retain, attract and develop the most talented and skilled employees within enterprise. Herein, it can also be entailed that the work of any service firms totally relies upon its employees. This is because, in service industry the major work which firms carried out is being performed by the workers only. Here, it is workers only which influence buyers to make the repetitive purchases from the enterprise.
In this regard, it can also be said that the concept such as talent management has its importance for the airline firms also. Airline companies are facing intense competition in the global market for the top quality senior management. Herein, it is examined that to retain and manage the best talent within the firm is being regarded as the major challenge which is occurring in front of the different airline companies. Earlier, the manager of airline companies used to follow a very straightforward career path. But, now such type of career paths are rarely followed within the airline companies. In addition to this, the concept of job hopping has also been prevailing in the today's competitive scenario. Here, job hopping is the activity wherein employees tend to change its companies more frequently (Reis and Quental, 2014). It is due to the presence of all these kinds of activities only, the concept such as talent management plays very important role.
This is because, on applying the respective concept firm can not only retain its best employees within corporation, but they can also make efforts with regard to form the tactical goals and objectives of the enterprise in an effectual way. Thus, it is correct to say that talent management has very important role in improving the customers base of the corporation especially service firms. It is due to the fact that with the help of talented and skilled employees cited firm can form such type of tactics which lead to attract the large number of customers towards the corporation in an effectual way. The impact of the same will be seen upon the overall profits of firm.
With an aim to carry out the selected topic under study, British Airways Company is selected as the case study. The firm has it’s headquarter situated in Waterside, Harmondsworth, England. It is the largest airline firm of UK on the basis of fleet size. In addition to this, it can also be said that it is the flag carrier airline in UK which was established by the government of UK in the year 1972. The firm has in-total 183 destinations, hence it has huge base of customers (British Airways, 2016).
1.2 Research problem or rationale
The overall problem of the study has been divided into following points:
What is the issue
The major issue which is related with the given study is to find out that why it is important for the firm with regard to manage the team of talented employees within the enterprises. Herein, it is examined that firm will be able to deliver the high quality of services to its buyers if it possesses the team of talented and skilled employees. This is because, such type of employees have the ability to handle the queries of customers. Hence, it is through this way only such workers maintains satisfaction level of buyers (Reis and Quental, 2014). The same type of issue is also being faced by British Airways. Here, firm is striving for delivering high quality services to the buyers. But, in order to do the same it will require the team of competent and talented employees.
Why it is an issue
Managing the team of talented employees is an issue because of high amount of competition between the firms. Jet Airways, Emirates and Virgin Airline are giving intense competition to British Airways. Furthermore, in order to maintain within competitive environment these firms make measures for attracting the talented employees of their rival corporation. In this regard, firms give number of offers to the workers (Sam and Daniel, 2011). This lead to raise the issue of employee attrition in front of firm. It is due to the presence of given aspect also there is an importance of managing talented people within corporation is arises upon the organisation.
Why it an issue now
Furthermore, it an issue now because of increasing employee attrition problem within firm. Herein, it is being examined that attractive and lucrative offers which is being made by the managers of other companies is creating such type of problem in front of the corporation. This is because, each and every employee have varied kind of needs (Veloso and et.al. 2014). Hence, if the organisation where employee is currently working does not fulfil the same at that time they make the decision for leaving the firm. It is due to the presence of given aspect, significant increment is being examined in the attrition rate of employees.
What the study will shed the light on
Besides this, the respective study could shed the light on meaning of talent management and role of strategic management in improving the customer base of hospitality business. Moreover, it will also shed light upon the importance of managing talent within enterprise. The study has also presented the way of managing and maintaining the talented employees within the organisation in an effective manner.
1.3 Research aim
The major aim of the study is to identify the role of talent management in improving customer base of business: A Case Study on British Airways.