Business environment in Barclays Bank Plc

BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK ..............................................................................................................................................1
1. Evaluation of the Management structure and Governance of Barclays Bank Plc..................1
2. Assessing and evaluating the effects of external environmental influences on Barclays Plc. 3
Conclusion.......................................................................................................................................8
references.......................................................................................................................................10

INTRODUCTION
Business environment refers to the integral part of the organisation's effective and
efficient management. It is determined as the surroundings with the internal and external factors
that can affect the industry including; stakeholders, employees, consumers, government,
legislations, supply and demand, etc. The study aims to identify the business environment of
Barclays Bank Plc that is one of the major global financial service provider that engaged in
commercial and retail banking, investment banking, credit cards, etc. In this study the
organisational structure and the impacts are described. Lastly it will give an understanding of the
various business environment and the impact of the environment on the business operations and
decisions.
TASK
1. Evaluation of the Management structure and Governance of Barclays Bank Plc
Barclays Bank Plc
Barclays is one of the leading British multinational investment bank and financial
services company (Barclays Plc, 2019). The organisation was found in 1690 by James Barclay. It
operates in more than 50 countries including; Japan, US, India, Europe and many African
countries. The organisation mainly operates in diverse set of customers and wholesale businesses
that involve;
 Wealth Management
 Personal Banking
 Investment Management
 Corporate Banking
1
Illustration 1: Barclays Plc
(Source: )

Barclay operates under two businesses; Barclay UK and Barclay International with around 4,750
branches. As of 2019, the company employs approximately 140,000 people internationally.
The history of Barclays Bank can be traced back to 1690 when Thomas Gould and John
Freame began trading in Lombard street, London with the name of Glodsmith bankers. The name
of Barclays became associated with the business in 1736 when the son-in-law of Freame, James
Barclay became the partner of the organisation (Calabrese and et. al., 2018). According to a
report published in 2011, Barclays was the most powerful transnational corporation in term of
ownership.
Mission and vision statement of Barclays
 The vision of Barclays Plc is to achieve a good growth through time by diversifying its
business base and increasing its presence in the markets.
 The mission statement of the Barclay “Barclay is a global financial service provider and
with a vast, international reach, Barclay offers innovative products and services to meet
the need of its diverse base of clients.
Governance of Barclays
The Barclay Bank is governed by Board of Director. Board of the company is responsible
for overall leadership of the group that includes; establishment of the purpose, values and
strategy and satisfying itself as to the culture and strategy. The bank is of Hierarchical
organisational structure that follows the layout of pyramid which starts from top level
management to the bottom level employees (Hamilton and Webster, 2018).
The board of the company;
 Timothy Throsby is CEO, president and Executive Director of the company.
 The group chairman of the Barclays plc is John McFarlane that were appointed from 1st
January 2015.
 Jes Staley is the Group Chief executive, appointed on 1st December 2015.
 Tushar Morzaria is the group finance director of Barclays bank, appointed on 15th
October 2013.
 There are total 10 members in the group as Non-Executive Director
 Chairman of Barclays Bank UK PLC is Sir Ian Cheshire that was appointed on 3rd April
2017.
Barclays Plc Revenue
2