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Business Environment Assignment Solution (DOC)

   

Added on  2020-10-05

12 Pages3451 Words315 Views
BUSINESSENVIRONMENT

Table of ContentsINTRODUCTION ..........................................................................................................................3TASK1 ............................................................................................................................................31. Describe the structure of the company and its management and how it is governed.............32. Importance of conducting PESTEL analysis .........................................................................6TASK 2............................................................................................................................................73. The PESTLE analysis of Barclay bank Plc.............................................................................7CONCLUSION .............................................................................................................................11REFERENCES .............................................................................................................................12

INTRODUCTION Business environment refers to a combination of external and internal factors whichinfluence the operations of company (Business Environment. 2019). The factors which areincludes in business environment such as competition, clients, suppliers, improvement intechnology, market trends, laws and government activities. This report is related to Barclaysbank which is a multinational and financial services company headquartered in London. Bank isalso specialised in personal banking, wealth management, investment management and corporatebanking. This report includes overview of company, organisational structure and informationrelated to stakeholders. The importance of PESTLE analysis to examine the externalenvironment through which decisions making get effected and ways through which impact ofthese factor can be controlled in organisation. The negative and positive impact of each externalfactor. TASK1 1. Describe the structure of the company and its management and how it is governed(A) Overview of Barclays PlcIt is a British multinational investment bank and financial services companyheadquartered in London. This company is founded in 1960 and deal sin retail banking, wealthmanagement, investment banking, commercial banking and the firm also engages in securitiesdealing activities or issues credit cards. This organisation operate its business in over 50countries such as America, Africa, Middle East and Asia etc. and there are 147,500 people whoare working under it. Barclays formed more than 300 years ago and than it known as BarclaysBank Limited and changed its name to Barclays Plc in January 1985. It has 5000 offices in about55 countries such as England and Wales or has various subsidiaries in Britain or anothercountries (Adeoye and Elegunde, 2012). According the research of 2017, the revenue of thiscompany is £21.076 billion and net income is £1.301 billion. The net assets are £1.133 trillionand total equity is £63.905 billion.The company have 1600 branches in UK and offers somepersonal banking services through branches of the post office. Most of the branches has 24/7ATMs in UK.

Organisational structure of Barclays The new organisational structure bring complementary businesses more close togetherand create an enhance focus on its client or customers proposition and offering across all targetsectors. Source: Organisational structure of Barclays,(2019).Illustration: Organisational structure of Barclays

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