This is no "one way" to provide for a gifted and/or talented student. The video below demonstrates the importance of differentiating learning to cater for the needs of all students.
Waipipi School are developing an identification process for gifted students (mildly through to exceptionally) as seen on the pyramid below. The degree of differentiation for a gifted child is based on their placement within the scale. A child who has exceptional ability or potential beyond their class peers, may be considered mildly or moderately gifted, while a student who is achieving success at an international level, may be considered exceptionally gifted.