Introducing Halal Meat Based On Blue Ocean Strategy Business Essay - Free Essay Example

Sample details Pages: 9 Words: 2773 Downloads: 5 Date added: 2017/06/26 Category Marketing Essay Type Analytical essay Did you like this example? This reports sets out the detail explanation over blue ocean strategy, highlighting the key main areas to be the market nicher. In order to be successful companies have to think beyond competition with their competitors. The report highlights the rule of game need to be set to redesign its current market strategies to the dynamic blue ocean. Don’t waste time! Our writers will create an original "Introducing Halal Meat Based On Blue Ocean Strategy Business Essay" essay for you Create order The report will show elements which when employed helps and organization to shift from its current strategy and create its own Blue Ocean. It will provide an insight of dynamics market, showing a comparison between red ocean strategy and Blue Ocean strategy. An analysis between both the theories will ascertain the success or failure of business in this corporate world. By injecting the idea of Halal meat, a slaughtering method in which meat has been proved hygienic, in countries where the consumption of Kocher meat is high. The idea has several benefits: cost, health and well being with customers value addition. Blue ocean strategy is the source of highly profitable growth where Companies challenge an industries conventional wisdom and achieve the long term monetary benefits. Although there is less walk in customers initially but based on the concept and mantra laid down in Blue Ocean strategy this can led to success. Its benefits, along with conclusion and disadvantages of Blue and Red Ocean Strategy will be discussed in detail. Blue Ocean strategies are progressively being used by groups all across the world. This is because of the long term profits that have been recognized to drift towards the organization. Key Area of Research The main source of research is based on the book well written by Mr. W. Chan Kim and Renà ©e Mauborgne Blue Ocean Strategy: How to Create Uncontested Market Space and make the Competition Irrelevant. Author have focused on the real life practices of the corporate world and explained how those companies have developed their own Blue Ocean. Other source of research includes lectures, journals, reference books and publication in cover papers. A survey has also been conducted to support the idea where around 100 people with different buying habit were questioned and public opinion over the use of Halal products as replacement of Kocher meat was asked. For assistance volunteers has designed a questionnaire for people considering the topic in context to determine whether the innovative idea would be an acceptable, healthier and hygienic solution without aggrieving religious susceptibilities of people to which most of people agreed to give their response to consumer panel. Findings based on above survey and questionnaire envisages the fact that not only Muslims prefer halal food even Jews prefer it over Kocher after informing them about its benefits and similarities exist in the concept of slaughtering referring with Hebrew Bible. The Halal meat will eliminate health issues, hygienic and will be the respectful humane way of killing an animal to consume its meat. Moreover Halal meat has requisite to raise animal reared on grasses instead of junk supplements. The blue ocean strategy proved to be of great insight as it resolved many societal and religious issues of people, its structure and of its enactment. Critical Discussion of Strategic Models According to well known authors and lecturers the best way to have an edge over your competition is to stop attempting to beat the competition. As per Mr. W. Chan Kim and Renà ©e Mauborgne , whole market is based on these two strategies i.e. Blue ocean strategy and Red ocean strategy. Red ocean strategy is becoming bloody day by day and companies management need to be more accustomed with Blue ocean strategy than current customs manager is used to. Red ocean strategy is representation of products which are in existence where as blue ocean strategy represent products or services which does not exist. Approach that creates value in product is hidden in complementary product and services. The success is to define and describe the solution customer think while selecting a product or service. Best and simple way is to think what a customer would think while buying product and his reaction after using that commodity. In red ocean strategy the ambits and limits are clearly defined and co mpanies accept it willingly. Based on Blue ocean strategy the companies should never outsource things in which they have core competencies. An artist will not let his idea to be painted with other artist. Same as the putting the feet in every shoe vis-a-vis story of strategy maker. To increase the quantum of Blue Ocean, Companies shave to do revers engineering. Instead of focusing over their prospective customer, they need to look at non customer. Companies who approached for product differentiation need to build on powerful commodities in what buyer value. Red ocean strategy following companies uses conventional approach to beat competition by developing position with in existing market. Contrarily operating in Blue ocean strategy do not fight over petty issues, they look beyond cat fights over profits. In other words, instead of focusing or introducing a product or service which eliminate the chances of moving toward supplementary items of competitors. Mr. W. Chan Kim and Renà ©e Mauborgne have termed Blue ocean strategy as value innovation. Value without innovation focuses only on creating value on incremental basis. This means that change can lead to upward trend but a slow pace, based on which survival is big issue. Simultaneously innovation without value seems to be technological change or pathetic concept or customers are unwillingly to adopt or accept innovation. Thereafter according to author Companies can attain value innovative when they are able to link innovation with: Utility Price Cost Adoption Blue ocean strategy is new concept where Organization asks variety of questions from them to achieve niche market share where other organization have not started venture. Authors have defined a framework depending on four questions: Which factor should eliminate industry takes for granted? (Incase of Halal meat research health factor is taken for granted.) Which of industries below standard factor should be reduced? (In case of Halal meat the clotting in meat has been reduced as compared to Kocher meat) Which of industries above standard factor should be raised? (Here uniqueness and demand can be raise by obtaining certification from authorities) Factors to be introduce which are never offered before. (Punched meat in clean and hygienic manner in front of customer) Kim and Mauborgne discussed that high performance cannot be achieved using strategies based on traditional competency. To earn more profits opportunist or entrepreneurs need to develop blue oceans. The authors explains that many companies have traditional belief of competing with the others in the market fro survival and they are forced to do so, termed as structuralism. To remain in the market, business gurus of red ocean strategy focus on making profit through competition, usually by evaluating what opponents are doing and striving hard to do better. In these circumstances, having or attaining a bigger share of t he industry is seen as a game where utility is balanced in which the organization achieved an increment in the deficit of another organization. Due to which the equation of supply becomes the variable component explain strategy in competitive market. Where, associated cost are considered as trade-offs and a company selects a unique cost or unique position. This is because the total earning level of the targeted industry is also determined by essential factors, companies ultimately seek to obtain and redistribute capital other than creating wealth. They prefer Red Sea, where there is limited growth Blue Ocean Strategy, however, based on the view that the limits of the market and the structure of the industry can not be given and can be rebuilt from the acts and assumption of market players. This idea is termed as reconstruction by the authors. Assuming that the market structure and limits exist only in the minds of managers and professionals who hold this view do not let current m arket structures limit their thoughts and creativity. This, in reply, requires a shift in attention to demand from supply, to focus on innovation value from a focus on competition which a source to create new demand. This is achieved through surveys, experiment and research at a time of low cost and diversity. As the market norms relating to cost and equilibrium have been broken, what will be the rules of the game? Competition in that is irrelevant. New wealth can be generated by raising the demand Due to which companies can play non sum zero game, with more perks and returns. Implementing blue ocean strategy does not mean a company need huge fund to launch a new strategic model in market to attain profit in near future. However companies can purchase their route to the blue ocean through research and development. From bookish point of view, this is possible, but ignores some precautions of Blue Ocean Strategy. Development over innovation is warned because the new product can be thrown out of the market by providing product for which customer is not ready to pay for it. Moreover a dependeum pendulum needs to be established between cost and price. Therefore, investing much over research and development could find a Blue Ocean, but will not guarantee success. But chances of failure increases. Basic principle and the most significant of companies strategic requirement to be determined before investing money in its development. A company thinking to recreate a blue ocean should ensure that these number of compromises is less than the satisfaction of customer which must be maximum. Last but not the least, Blue Ocean bringing of new factors never been introduced ever. This will ensure that company seek to be different among the market people and have to move one step ahead of red ocean strategy. In the context to differentiation of market and letting costs down, the above two questions would help in driving the costs at minimum while the other increase value for buyer. If four factors use in conjunction the competition will be irrelevant. However in todays world, developing and maintaining a blue ocean market is complicated. This is due to enormous entrants in the market and cut throat competition based on which things become common and Blue Ocean turns in to red ocean strategy. Key findings and practical implications on the company Creating a new business environment based on blue ocean strategy always has inherent risk. Every concept or idea has risk which needs to be addressed at initial stage in order to capitalize over it as savior and get maximum benefits with idea. There are many questions which need to be answered before the execution of concept. Blue ocean strategy assists companies in responding those concerns: Ask is there a buyer utility available? Will it unlock exceptional utility? Is there a reason people will prefer over other commodity to buy? If these are absent, there is not any potential in market to start Blue Ocean. For the purpose of this assignment I have targeted the meat industry and meat lovers in UK. In course of survey I have came across different slaughtering houses and consumer buying meat. However they have one thing in common they are being sold to the public at large with out considering religious susceptibilities of residents. e.g. The idea move around the conc ept moving around ease of access of Halal food which is healthy and hygienic and does not affect religious susceptibilities of people scientifically proven. Following are the four areas explained earlier during the critical analysis of model: Utility: The question that organization need to know whether this innovation in marketwill generate utility and get buyers satisfaction. On conducting survey of 100 people belonging to different religious background 64 people like to have meat healthier and juicy, with mild redness on meat. People who were questioned with different background is as follows: S.No Religious Background No. of people Muslims 42 Christians 18 Jews 30 Other 10 The reason behind introducing this concept was Muslim usually prefers Halal meat and they have to travel a lot to purchase this. Meanwhile the concept of Slaughtering is more or less common in Hebrew Bible and Holy book of Muslims.Jews and others after being convinced on the usefulness of Halal food changed their perception and showed willingness to buy if introduced. Price Generally availability of meat without clotting and mild color meat require travel to remote areas, which significantly increase cost to travel. In order to achieve equilibrium people prefer that buy in bulk to reduce their fixed over heads. However their holding and storage cost increases. Cost Before moving to cost, the in-depth analysis of costing need to be done. Again comparing the cost of Halal food and other meat, the cost are relatively same. The per unit cost would be increase by hiring a person slaughtering animal contrarily the same per unit cost would be reduced by saving machine hour of slaughtering. Adoption Final question required to be answered is problem that will show upon implementation of this venture. The first and most important is to create the horizon that is benefited to customer and safe valuable time. This can be achieved by applying modern slaughtering method. Figure 1-1 an analysis of new business launches has been shown by researcher. The survey involved 108 companies, of which 86% have opted red ocean strategy; i.e. vertical integration to the existing demand. As explained, the revenue impact based on red ocean business startup is higher than organization generating sales than Blue Ocean strategy implementers. However, the effect of Red Ocean practicing companies on their gross profit; which of course any profit seeking organizations goal is, was less than those generated from Blue Ocean. Key conclusions student learned and success of group endeavors After considering both the options i.e. Red ocean strategy and Blue ocean strategy, it is much better than red ocean strategy, but it is hard to come across with the new one. Blue ocean strategy has its certain limitations which affect the ups and down of organization seek to earn profit through Blue ocean strategy. As we all know that strategy implementation is not a piece of cake. The organization need to be smart with high objectives to attain goals and striving hard to attain dominant position. If they fail to apply Blue Ocean strategy successfully this would turn in to red as the opponents will use up their ideas. Some more limitation like disclosure of sensitive information would make it common and leadership in certain commodity may be loosed. In that case companies usually get their patents registered with authorities, so no one misuse that and if they want to opt this idea, they will have to pay royalty to Company. Brand and negotiation are not considered relevant in bl ue ocean strategy, due to which key to success cannot be achieved. Blue ocean strategy is more a strategy and is tool to brand a concept successfully with highly improved ideas. As a group we conclude that organization exist in Red ocean strategy and all of them have capacity and skills to compete in existing market of Red ocean strategy. What they need is to learn Blue ocean strategy and get what they need to do is gear up their skills and make more profit by raising innovation. How individual contribution impacted the group Group project help us to develop group of skills that increasingly important in corporate world. The best part was structuring these group properly based on which the task were been completed smoothly, relevant to both group and individual including skills to: Break down job into pieces and part. Proper time management Crystallizing ideas through group discussion and explanation Debate over assumptions and methodology Developing skills of communication Group projects have helped us to develop our individual capacities to: Tackle problematic situations Delegate task and roles Diversified portfolio Making a pool of knowledge management Own things and held accountable for task performances Moral and social support Make person problem solving After group discussion key points were noted and conclusion was drawn considering all circumstances. Discussion and meeting were well organized and every one in the group was distributed notices and agenda before meeting specifying: Why are we meeting? What will be discussed? Action taken on points previously considered? Giving task for future on research topic and set deadlines. By following these steps, the group was moving on the right track and was allowed to give their inputs if required. Due to which quality material on concept of Blue ocean strategy and related research was prepared. This was achieved only by each members contribution to work and give as many ideas he can which were rated down according to their significance and usefulness.

Sociology Degree A Jumpstart to a Management Career or a First Step to Becoming a Sociologist 2019

Sociology, sometimes described as the study of social interactions, emerged as a discipline in the 19th century partly in response to the modernization of society. Social support systems that were once in place gradually broke apart giving way to more nucleated families and groups. Early sociologists hoped to prevent further degradation of existing social systems and to solve emerging social problems. What is Sociology? Sociology is the study of society and human social interaction. It is concerned with social dynamics and the effects of groups on individuals. Professionals with a sociology degree focus on groups as minute as the family and as large as the global population. Professionals with a sociology degree perform research that helps to solve social problems and form public policy. Several specializations are possible with a sociology degree, including education, family, social psychology, political sociology, gender relations, gerontology, criminology, and demography. .u5515e4889f710398270edec69e062a26 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u5515e4889f710398270edec69e062a26:active, .u5515e4889f710398270edec69e062a26:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u5515e4889f710398270edec69e062a26 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u5515e4889f710398270edec69e062a26 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u5515e4889f710398270edec69e062a26 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .u5515e4889f710398270edec69e062a26:hover .postTitle { text-decoration: underline!important; } READ After Graduation From a Criminal Justice Degree ProgramWhat Types of Sociology Degrees Exist? A bachelors degree in sociology is the most basic degree available in the field. Although not sufficient for a career as a sociologist, a bachelors degree in sociology can prepare students for a variety of entry-level positions. Possible jobs include research assistant, administrative aide, and management or sales trainee. Jobs with a sociology degree at the bachelors level are certainly attainable. Students who wish to pursue these career paths may do well with the Bachelor of Arts in Organizational Management with a specialization in Sociology from Ashford University. Ashford Universitys program is an online sociology degree that prepares students for a variety of management positions. According to the American Sociological Association, an undergraduate sociology degree gives students valuable insight into important social diversity issues such as gender, race, age, ethnicity, education level, and social class. An intricate understanding of these factors can help the professional better understand the affects of these dynamics on how organizations operate. .uad368fd75805a4d7807317a61007ef1a { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .uad368fd75805a4d7807317a61007ef1a:active, .uad368fd75805a4d7807317a61007ef1a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uad368fd75805a4d7807317a61007ef1a { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uad368fd75805a4d7807317a61007ef1a .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .uad368fd75805a4d7807317a61007ef1a .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .uad368fd75805a4d7807317a61007ef1a:hover .postTitle { text-decoration: underline!important; } READ BSN Nursing Schools Nursing Informatics Combines Nursing with Information TechnologyFor a career as a sociologist, an advanced degree in sociology is almost always necessary. Many schools now offer an online master sociology degree. An online master in sociology degree can be a convenient option for an advanced sociology degree, especially for students who are already working and possibly juggling family responsibilities. Qualities for Success in the Field of Sociology Students who are interested in pursuing a sociology degree need to be intellectually curious and creative, according to the U.S. Department of Labor. They must also be able to think logically and methodically in order to perform research. Objectivity, open-mindedness, and systematic work habits are also essential for the student working towards a sociology degree. For more information on earning a sociology degree, students may contact Ashford University. College-Pages.com is another valuable source of information with an extensive list of available programs, and education and carerer resources. .ud4f35917279589e1289d4981446e2895 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .ud4f35917279589e1289d4981446e2895:active, .ud4f35917279589e1289d4981446e2895:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ud4f35917279589e1289d4981446e2895 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ud4f35917279589e1289d4981446e2895 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .ud4f35917279589e1289d4981446e2895 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .ud4f35917279589e1289d4981446e2895:hover .postTitle { text-decoration: underline!important; } READ A Multitude of Computer Programming LanguagesRelated ArticlesCareer in Sociology Potential Occupations for the Professional with a Sociology DegreeOnline Criminal Justice Master DegreeOnline Bachelor Degree in Criminal Justice Benefits and Rewards of a Forensic Psychology EmphasisAssociate Degree in Criminal Justice Boost Earning Potential and Streamline into the Criminal Justice WorkforceDecline in Applications for Online MBA Degrees. Myth or FactYour People Skills and a Career in Human Resources Management

Learning Preferences Free Essays

They all help me be an effective distance learning student. This habit also helps me to make a subject more interesting for me, if it is not already so. This summarization and fertilization would also allow me to retain the information since I have to understand it completely to convey it to someone else. We will write a custom essay sample on Learning Preferences or any similar topic only for you Order Now 2. Describe how each practice activity reinforced or contradicted something about yourself? This activity has contradicted me in a way that I could try o know what my strengths are and how to obtain them into being successful in what I can do. It has also helped me to try and figure out what my weakness are and then work on strengthen them. This is very unlike my own style. I can help strengthen others in areas where they may be weak and can better communicate by being aware of one another’s styles. It also allows us to see what strategies other may use that might help me in ways that I can learn better and be very successful in what I want to do. It has also helped me to understand how others like to learn and how they learn. How to cite Learning Preferences, Essays

Human Resources for Review and Research Agenda - myassignmenthelp

Question: Discuss about theHuman Resources for Review and Research Agenda. Answer: In every organization, it is obvious for the managers in the process of selection to identify the hidden talent of the candidate and then hire them. Selection is a marked as a very vital stage for the applicants as well as for the organization itself. Misguide in the selection process can many time lead to the loss of good candidates. At the present organizational scenario, loss of a good candidate is a very hard thing to afford. It is also about the talent of the candidate who is selected, without the talent. Identifying talent is the important task of the management and showing the talent is an important job of the candidate. This specific article the psychology of talent management: A review and research agenda, published by Dries (2013) has depicted a vast vista on how talent management is influential for gaining organizational image and reputation. The author in this specific article has portrayed that talent management is the systematic procedure of planning as well as retaining the talented employees. In order to achieve the peak of business success employee retention is highly important. The success of a business organization is highly dependent on the performance level of the employees. The author in his specific article has pointed out that human talent is the renewable resource. Its competitors cannot steal it. Organizations while recruiting a specific employee should be concerned on the talents, skill and competency level of that individual rather than being influenced on the cultural and psychological backgrounds as well as attitudes. With the rapid threat of competitors, organizations have to face innumerable difficulties in retaining a talented employee within the business process. The author in this specific article has highlighted that attracting and retaining the talented people within the service process of a specific business organization is a major challenge. Competitors recruitment strategy and policy sometimes becomes a burden for a business organization to retain their talented employees. In order to overcome this kind of situation, the business experts have decided to implement some major strategies and policies for retaining young talents within the business services. Implementation of reward and recognition policy, providing agile work hour, flexibility in relocation are some of the most effective ways of maintaining employee sustainability. The author believes that employees would like to provide their best endeavor towards the business services only when the company intends to pay their effort of employees either by benefits or by rewards. The article has highlighted that business organization should invest certain amount of money for the purpose of talent management. As a result, the business experts can provide sufficient training and development session to the employees for enhancing their skills and competency level. It has been observed that large number of business employees cannot get their scope in developing their skill as the organizations fail to afford sufficient money for making training session. As a result, employees show their reluctant attitude in providing good performances towards the business services. The author in this specific article has highlighted the importance of talent management on the overall psychology of employees. In the article Talent management and expatriation: Bridging two streams of research and practice by Jean- Luc Cerdin and Chris Brewster, it is said that talent management is a combination of both potential and career development. This article was written aiming that the knowledge this article provides about the talent management and its relation to selection process will be effective and will be helpful for the organization to determine the selection process. in this context another mentionable comment is the one made by Oldham(2014) he said that the relationship between the characteristics of job and motivation is always more for the employees and hence they must undergo a proper selection process. Every organization must have a designed talent management process so that the employee selection is performed smoothly. This article also highlights that when an organization aims select the best candidate they should and must have a proper talent management process, which will identify t he best candidate. The talent management system will provide the organization with the committed employees who will be able to perform well and maintain the organizational structure. Development of organization is the process that uses the behavior science to work according to the planned progress and improvement of the organization effectiveness. Selection of talented employees and increasing their awareness to maintain the organizational behavior is an effective step towards the organizational development. Talent management actually does not have any true meaning but it plays a beneficial role in the organizational structure. This system of management defines how an employee gets attracted to the management, how it selects the employees and even how it develops the employee relationship within the organization. This article mostly focuses on the talent management and its importance on the selection process. The article Revisiting talent management, work-life balance and retention strategies created by Deery and Jago (2015) has primarily concentrated on highlighting the positive impact of employee retention. The author opines in this specific study that maintaining the quality of products and services to the customers is not only effective for a business organization for achieving the business goal. In order to meet the demands and needs of the customers business organization should focus on the performance level of the employees. An experienced and efficient employee always adds value of an organization for earning business profitability. In order to maintain employee retention business organizations intend to make budget plan. Providing an effective training and guidance to the employees is one of the most effective ways of managing talents. It has been observed that employees fail to meet the needs and demands of the customers due to the lack of performance. In this kind of situation, the business managers can focus on providing an effective training process so that employees can develop their skill and competency level. On the other hand, providing reward and recognition to the employees is one of the major ways enhancing employee motivation. Staffs would like to perform effectively only when they would be able to get motivated from the organizations recognition policy. The author in this specific article has pointed out that necessary health facilities and benefits are one of the most effective ways of employee retention plan. Every single business organization should strictly maintain organizational health and safety act strictly. If an individual employee has to face health issue at the workplace, the business managers should give cooperative outlook to that particular individual. As a result, the employees would get a motivation in performing well towards the business services. The specific article has critically evaluated the positive impact of employee re tention in maintaining the performance level of the employees. The next article chosen is THE IMPACT OF TALENT MANAGEMENT ON RETENTION by Victor Oladapo. This includes the implication of the talent management program and its impact on the retention of the employees. Organizations often struggle to overcome the journey of finding the talented workers. This article also focuses on relating talent management to employee retention. The important aspect that this article covers is the importance of talent management. The author of this article opines that every organization has two main concerns first one are the concerns about the place, equipments and monetary issues and second ones are the brand positioning, loyalty and the employee selection. In present world the importance of In order to meet the demands and needs of the customers business organization should focus on the performance level of the employees. An experienced and efficient employee always adds value of an organization for earning business profitability. In order to maintain employee retention business organizations intend to make budget plan. Providing an effective training and guidance to the employees is one of the most effective ways of managing talents. This is why every organization should and must implement a proper talent management system along with a proper selection process. In the article, the influence of underlying philosophies on talent management: Theory, implications for practice, and research agenda by Urbancov Hana, Vnou?kov Lucie, the writer opined the investigation on the talent management philosophies. Every experienced and efficient employee always adds an efficacy of an organization for earning business profit. In order to maintain employee selection business organizations intend to adapt a proper talent management plan to make it successful. Providing an effective training and guidance to the employees is one of the most effective ways of managing talents after selection. As this topic concerns the talent management and its relation to the selection process, it can be stated, with the help of this particular article that managing a talent management process is very necessary in the present business scenario. Identifying the best employees and utilizing their abilities to maintain the standards of the business is very important and every org anization must hence initiate a talent management process for their betterment. In conclusion, it can be said that every organization in the present world needs to have the best talent management process whether at the time of selection or at the time of work. Talent management can be initiated by training as well. References: Cerdin, J.L. and Brewster, C., 2014. Talent management and expatriation: Bridging two streams of research and practice.Journal of World Business,49(2), pp.245-252. Deery, M. and Jago, L., 2015. Revisiting talent management, work-life balance and retention strategies.International Journal of Contemporary Hospitality Management,27(3), pp.453-472 Dries, N., 2013. The psychology of talent management: A review and research agenda.Human Resource Management Review,23(4), pp.272-285. Meyers, M.C. and van Woerkom, M., 2014. The influence of underlying philosophies on talent management: Theory, implications for practice, and research agenda.Journal of World Business,49(2), pp.192-203. Oladapo, V., 2014. The impact of talent management on retention.Journal of business studies quarterly,5(3), p.19.