Impact of Globalisation on Banks

Research Project

TITLE
To analyse the impact of globalisation over the operations of multinational banks in
the context of managing competition. A case study on Barclays Bank.
Chapter 1: Introduction
Overview of the Research
Economic process has caused dramatic changes to organisational practices across the
globe. Globalisation is refers as the widening or intensifying connection of political unit
economic system to a global industry of products, services or specially funds or capital.
Globalisation is the single most important development changing organisations dynamics in the
present century (Abdallah and Ismail, 2017). A banking system is partially based on the control
practices through the central bank and the trust which customers have that their funds and money
will be secure or that when the individual wants to withdraw funds as their money will be safe
and secure. Economic process is effectual for the trading operations of transnational banks in the
circumstance of carry off rivalry within market. Barclay's bank is the selected company for
execution of the investigation over the chosen area of issues as it is an effective and leading
multinational brand which has its global operations. Banking is the most processing sector and
performs vital function in processing the profitable condition of a state. This study incorporate
the analysis about the effect of globalisation on the international banks in the circumstance of
carry off rivalry. In this planned objectives and targets are developed to providing assistance to
the whole exploration, writing review will be executed to providing conjectural support to the
investigation work and research method is hard-hitting in rendering support by suitable selection
of methodologies and information evaluation will be effectual in analysing the data through the
support of conducting survey and at the end conclusion and recommendation will be created to
providing a summaries description over the outcome.
Background of the Research
Globalisation is defined as the procedure of the increase of profitable, social,
governmental and appreciation dealings around global edge or it is primarily intention at the
blending of socio-economy or political around boundaries (Bakan and Yildirimci, 2015).
Globalisation is a wider aspect which provides benefits to the businesses in developing
opportunities at market place. Barclay's bank is a British multinational investment bank or
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commercial enterprise service firm. The firm is also conducted its business through four core
enterprises like personal banking, corporate banking, wealth directions and investment carry off.
The main office of the business is in London, United Kingdom. The Bank was established in the
duration of 1690, the firm mainly deals in banking financial services (Perraton, 2015). Barclay's
bank has the staff of around 79,900 who are tributary their momentous attempts in the maturation
and process of an organisation. The company has providing wide range of banking facilities to
the individuals, businesses in different size etc. The key focus of an organisation is to processing
the transactions of business at world wide basis in order to achieving significant progression or
success within commercial centre.
Rational of the Research
The inquiry in actual consideration is depend over influence of globalization on the
functions of transnational banks in the circumstance of carry off rivalry. This is effective area of
academic investigation that is executed for addressing the chosen area of issue in effectual way,
thus this study is efficacious in rendering befitting data and information in developing the proper
understanding regarding the issue (Ben-Nasr, Boubaker and Rouatbi, 2015). The major purpose
of executing the investigation report the individual involvement or interest area of investigation
as the researcher wants to enhance their idea regarding the study. This exploration is also
effective on providing a proper assistance to the individual, learner, students or researcher to
heighten their accomplishment and cognition base for achieving potential edge.
Research Aim
To analyze the impact of globalization over the operations of multinational banks in the
context of managing competition. A case study on Barclays Bank.
Research Objectives
 To understand the role of globalization in the context of business.
 To identify the impact of globalization in UK banking industry.
 To determine the influence of globalization on the operations of Barclay's Bank. To access the ways through which Bracly's bank manage competition within global
market.
Research Questions
 What is the role of globalization in business context?
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 What is the impact of globalization in UK banking industry?
 Analyse the globalization influences on the operation of Barclays bank?
 What are the ways through which Barclay’s bank manage competition within global
market?
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Chapter 2: Literature Review
Literature review section is the central prospect of exploration action as it is impelling in
execution of in-depth study on the subject sphere of investigation. This area of exploration is
important in processing a abstractive hypothesis by examining the perception and views of
individuals. In this area of investigation information is mainly collected from secondary
perspectives as in this discussion has been made over the previous collected information
regarding a similar area of work and in this the key source of information accumulation are
books, journals, published research articles etc.
The role of globalization in the context of business.
According to the views expressed by Brandon Levy, 2012, Economic process is refers as
the procedure of processing connection among nations for the purpose of implementing easy
mercantilism. Globalization is a broad region that gives opportunities to the business to attain
maturation and occurrence through expansion of organisational transactions at global level. The
prosperous business development is mainly attained because of the developed interconnection in
between of nation normally result in an effective modular of their operations and improved the
business processes. In the business situation, globalization has an imperative aspect which
provide benefits to the progression of the organisation by providing them a wider area for
expansion. The key role of globalization are associated as below:
Business opportunities: This considered to be the key role performed through economic process
in the circumstance of an organisation, thus globalisation is effective in provider opportunities
for businesses through providing them a wider plat form to expand their operations at higher
level. This may resulted in heighten the global brand picture of the firm (Ducassy and
Montandrau, 2015).
Wider market reach: This is also an another key role of globalization, thus it is effective in
developing interconnection among people and business which could be beneficial for the firm in
enhancing the market reach. A wide market reach is the beneficial aspect, thus organizations
attained wide range of customers and this may effect in achievement of wider maturation and
occurrence.
The impact of globalization in UK banking industry.
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According to the views of Brandon Levy, 2012, Economic process is fundamentally
decided as the way toward creating interconnections inside nations as far as exchange and
business. The financial business was in the eye of the ongoing worldwide money related issues,
hereafter GFC, in which different districts and countries are seen as unforeseen or exceptional
decreases in banks' increase. These kind of regress bank execution is regularly considered as the
agents of bank disappointments and furthermore speaks to banking emergencies, alongside their
ensuing unfavourable outcomes on the general economy (Michie, 2017). Globalization is a huge
viewpoint which assumes diverse job in the development and accomplishment of worldwide
bank for example Improving worldwide activities, Develop openings, Higher aggressive edge,
differentiated market, higher remote salary and so forth. Financial industries are reasoned as the
potential piece of money related business that has immense effect on the monetary state of a
nation. Worldwide banks are the budgetary organizations that work at worldwide level and give
successful money related administrations to the customers and different organizations to
actualize account as the key wellspring of business (Epstein, 2018). Economic process perfumes
important role in creating up the actions of worldwide banks in upgrade of their tasks in
appropriate way. Globalization likewise assumes compelling job in creating open doors for
worldwide banks in achieving higher achievement and productivity through leading tasks at
more extensive scale.
The influence of globalization on the operations of Barclay's Bank.
As per the opinion expressed by Asli Demisguc-kunt, 2017, Globalisation is a wide
prospect that gives a broad opportunity to each segment of business to achieve significant
maturation or progression in between of the global market. From the worldwide financial crisis
of 2007, worldwide finance has pull in high interest by researcher, policy makers, or
stakeholders from the commercial enterprise area. Banking is the almost processing business that
has wide impact over the economical status of a region or state, thus economic process has
affirmative effect on the banking industry through providing a wider area to expansion of
business and attain higher growth. Globalisation assist an industry towards taking effective steps
to expansing their operations and providing benefits to the customers. The banking sector, refers
as the heart of the global financial conflicts, further more GFC, in multiple nations or regions are
perceiver as unexpected or unprecedented declines in the gains of banks (French, 2015). This
kind of non effective banking performance are seems as the representative of bank failures.
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Along with this, it also shows the banking crises and has a bad impression on the financial
position of a region. Multinational banks are the commercial enterprise association that ever
operates at wider basis and give effectual monetary employment to the customers, guest and
other enterprise to employ finance as the key aspect for execution of an organisational
operations. Economic process performs significant function in processing the transaction of
international banks in improvement of their trading functions in wide and effectual way.
The ways through which Barclay’s bank manage competition within global market
As per the thought expressed by John Varley, 2019, Previously, the administration of
Barclay's Bank resolute to put their focus over the treadle of execution. There were two key
explanation for which the growth of Barclay has been taken place, The possibility to develop
quicker development in share owner worth or it also plays a vital role in developing
organizational capabilities within the global market so that, in the terms of taking financial
benefits people are concern over the facilities offered by Barclay's thus, customers would like to
weighing of Barclays at the very beginning as it has famous for its good and effective facilities
that are being provided through the firm to their clients. Globalization is a key term which is
applied by business to attain growth at higher level (Galbreath, 2017). Barclay's is a
multinational bank which is widely focuses on enlargement of their organization at wider scale
for the intention of achieving progression and development. There are assorted ways which are
opt by Barclay's Bank, in managing competition within market in which some are associated as
below:
Setting up Vision: This consist to be the key influence of globalisation over the performance of
an organisation. Barclays has been an effective force in the operations of international banking or
Barclays is also recognised as a iconic brand which is famous for the effective services and high
brand image. Globalisation assist the firm in increasing the growth through processing the
dealings of business at global level.
Adoption of universal banking model: Barclays mostly serves their clients who are having the
range from individuals contract holders in Manchester, England, to firm dealing with their
dangers through methods for hard subordinates in various assessment locales over the globe
(Ogwezzy, 2015). Dynamically, by the by, customers can't be served in storehouses; for
example, our home loan undertaking in Spain is encouraged through the business capacity, by
Barclays Capital, to secularize that hazard to speculators. So business look for chances to sell
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