Talent management strategy

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Reference no: EM132962237

The business owner of the beauty products retain chain from Part A has started to become concerned with the future of her business. A global beauty supply chain has announced their plans to open 10 stores across the country, four of which will be in the city. With increased competition and the high operating costs of each retail increasing, she is unsure whether she should continue to focus on both the retail and online channels or just online operations. She is also starting to think about retirement and dreams of the day when she is only needing to work in the business part-time.

After considering the costs, competition, and resource challenges, she has decided to close all 5 of her retail stores and focus solely on her online business. With closing the stores, she is able to increase her spending on marketing campaigns and believes she can increase sales 50% each year over the next 3 years. She expects 3 of the store managers to move into Online Specialist roles.

Question

A.) Detail at least three talent management programs you would recommend be implemented and detail your reasons why. Include a detailed explanation on how each talent management strategy supports the business objectives.

Reference no: EM132962237

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