Impact of Globalization on the Performance
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Added on 2020-12-18
Impact of Globalization on the Performance
Added on 2020-12-18
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Business Research Project: Impact of globalisationon the market performance of multinational banksin terms of managing global competition
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1Research title...............................................................................................................................1Research aim and objectives.......................................................................................................1Rationale of study.......................................................................................................................2Key Literary sources...................................................................................................................2Activities and time scale.............................................................................................................3Approach and methodologies of research...................................................................................3ACTIVITY 2....................................................................................................................................4Appropriateness of research tools..............................................................................................4ACTIVITY 3....................................................................................................................................6CHAPTER 2 LITERATURE REVIEW..........................................................................................6CHAPTER 3 METHODOLOGY....................................................................................................73.1 Research Approach...............................................................................................................73.2 Methodologies.......................................................................................................................8CHAPTER 4 DATA COLLECTION AND ANALYSIS..............................................................104.1 DATA COLLECTION.......................................................................................................104.2 DATA ANALYSIS, PRESENTATION and DISCUSSION..............................................11CHAPTER 5 CONCLUSION and RECOMMENDATION.........................................................195.1 Conclusion..........................................................................................................................195.2 Recommendation................................................................................................................20ACTIVITY 4..................................................................................................................................21CHAPTER 6 PERSONAL REFLECTIVE STATEMENT...........................................................21Reflection of application of research methodologies................................................................21CONCLUSION..............................................................................................................................21REFERENCES..............................................................................................................................23
INTRODUCTIONGlobalisation has revolutionised industries across globe with major changes in economyand culture. It enhanced the way of managing business function because it emerged with widerange of growth opportunities like technological advancement, trade across foreign boundaries,etc. It created a platform for managing growth and development of company bas well aseconomy of country (Lasserre, 2017). The assessment will out line influence of globalisation onmultinational banks who are responsible for providing financial services to consumer. It isimportant for the banks to ensure liquidity of business regardless of expansion and growthbecause it is basic value which represents bank ability to deal with changing economicconditions. The assessment will outline research proposal which will comprise brief outline of entirebusiness project. Further, the project will be based on activities which comprise choosing ofresearch methodologies, data collection, results, analysis and discussion. The discussion will bebased on graphical presentation which will assist in developing critical understanding overresearch outcomes derived from primary data collection.ACTIVITY 1Research titleImpact of globalisation on the market performance of multinational banks in terms of managingglobal competition: A case study of Lloyd’s Bank, UK.Research aim and objectivesAim“ To assess the impact of globalisation on the market performance ofmultinational banksin terms of managing global competition: A case study of Lloyd’s Bank, UK ”ObjectivesTo evaluate significance and meaning of globalisation.To analyse influence of globalisation on banking industry.To determined challenges faced by Lloyd's bank due to globalisationTo suggest way by which Lloyd bank can enhance its performance in market.QuestionWhat is thesignificance and meaning of globalisation?What is the influence of globalisation on banking industry?1
What are the challenges which are faced by Lloyd's bank due to globalisation?Recommend ways by which Lloyd bank can enhance its performance in market?Rationale of studyThe motive of conducting this study is personal interest where research will help to gainknowledge over impact of globalisation n banking industry. Further, the motive of choosing thisresearch is academic interest where the research are which derive individual ability to exploredifferent topic. The objectives of study will help scholar in boosting knowledge and facilitatinglearning on one chosen topic which is beneficial for further academic understanding. In addition,it will help the scholar in understanding various pros and ons of globalisation which isadvantageous for further personal and professional learning.Key Literary sourcesAccording to Burhan and et.al., 2015, globalisation is wide term which supportintegration and interaction of different people and business across the globe. It has boostedinternational influence of economies which is supporting growth and development of manyindustries across the global. The key implication of globalisation comprise, expansion of globalbrands, trade across foreign boundaries, increasing migration of labours from nation to nation,increase in foreign direct investment, etc. However, as per the views of Wheelen and et.al., 2017,it is articulated that globalisation of financial services has reduced the barrier of rues andregulation which restricts flow of capital in different market and in different nations.Globalisation is boon for financial services as it supports telecommunication, data processing,deregulation of domestic financial and capital markets. On the other hand, Zhang, 2017, discussed about international banking which compriseinternational sector of domestic financial market. Foreign banking services involves deposits andlending services which is distinct on the basis of customer basis of firms. According to author itis determined that on a rough average it is analysed that foreign ending services and depositshave been increased by 15 % which denotes increase in capital flow across internationalboundaries which is beneficial for the growth of bank as well as domestic economy. ApparentlyKaufman, 2015, stated about globalisation is beneficial for the economy of UK as it is relatedwith increase in trade which supports wide choices of commodities. Further, it increasescompetition due to which business are supposed to lower prices of goods and services. Cross2
border lending is good for the ban as well as economy because it supports financial condition ofcountry in case crisis. Activities and time scaleResearchplanningactivitiesWeek 1Week 2Week 3Week 4Week 5Week 6TopicselectionProcessingaim andobjectiveLiteraturereviewSelectionof researchmethodsAnalysisof dataConclusion andrecommendationApproach and methodologies of researchResearch philosophy: Philosophy in study helps the individual in deriving appropriatephenomena or way of collecting and analysing information on the basis research objectives andaim. There are generally two philosophies implied by scholar in different type of studies that isinterpretivism and positivism. The present study is subjective in nature therefore researcher willincorporate use of interpretivism philosophy of study as it helps in developing understandingover topic which of human interest.Research approach: Approach in research methodology helps the investigator inoutlining planned procedure to conducting appropriate study. Generally there two commonapproaches which are used by individual for business research project that is Inductive andinductive. In this study where focus of scholar is on analysing impact of globalisation on market3
performance of Lloyd bank, research will incorporate use of inductive approach where analysisis done on the basis of evidence, models and theories. Sampling: It is process of sorting few relevant sources or participant for gatheringinformation on research topic. It is done n the basis of two types that is probability and nonprobability where in this investigation investigator will incorporate use of probability samplingfrom where random sampling will be done and there will be 20 employees of Lloyd bank. Data collection: It is the essential part of study on the basis of which analysis andfindings are outlined. There are two commonly use data collection met hod that is primary andsecondary where secondary helps' scholar in outlining past collected facts and findings whileprimary helps in outlining the present views of people over chosen research topic. However,investigator will make use of both information gathering method that is primary and secondarywhere secondary information will be outline d in literature review by sorting information frombooks, journals, article where primary will collected via interview on the basis of questionnaire.Data Analysis: It is based on summarizing and outlining findings from collected data. Itis the most complex part of research where it is necessary for the investigator to outline every bitof the information to draw unbiased discussion. Analysis is done via two methodologies ofresearch that is qualitative and quantitative. The present study is based on qualitative analysisin which scholar will use of thematic analysis which will be presented with the help of graphicpresentation. ACTIVITY 2Appropriateness of research toolsPrimary data collectionPrimary data is collected with the motive of outlining fresh andcurrent views of people over research topic. Interview is the bestway of managing discussion with sampled participants andoutlining their views of every question (Lajili, 2015). This datacollection method is appropriate because it promotes discussionwith respondents which helps in determining their interestparticular research area. Further, it promotes critical analysis whichassist scholar in outlining relevant outcomes from interview. 4
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