This presentation discusses the leadership style in Barclay Banking Firm, including autocratic, democratic, and laissez-faire styles. It also covers a Pestle analysis of the firm and provides recommendations for improvement.
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Leadership Style
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Table of Contents INTRODUCTION MAIN BODY Introduction of Barclay Banking Firm- Leadership Style and their functions Pestle analysis Recommendation CONCLUSION REFERENCES
INTRODUCTION Leadershipstyleisbasicallyanappropriatemannerandapproachesof providing direction, motivation and implementing plans. This style is a type of behavioralpatternthatleadereasilyadapttoinfluencethebehaviorof followers. This report will discuss about the leadership style in Barclay firm for managing the entire business operations and their functions. Furthermore, It will describe the business analysis tools that help for identifying the issues and factors that affect the entire business.
Introduction of Barclay banking- It is a British banking company which located in London. This organizational is established in 2000 by the Barclay bank. The company the different type of service such asthe commercial banking, investment banking etc.It is the biggest selling product in 2013. Barclay bank manufacture also operates In UK and run the corporate social responsibility project (Cheung, Yeung, and Wu, 2018). This will help for organization to provide the best quality of services to the customers.
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Leadership Style and their functions Autocratic Leadership-This type of leadership style help for power and decision making whereas leaders are easily understands their own duties or responsibilities. They have full authority to manage the business aspects. In Barclay bank Manufacture, Leaders are performed different functions through the autocratic style such as close supervision, commanding and clear cut direction to their superior. They are quickly taken decisions, direction and prompt the action towards the development. Leaders are influences the other members towards the goals and achievement by using incentive or rewards
Cont. DemocraticLeadership-Thisleadershipisparticipatedinthebusiness development because leaders are formulating plans, strategies and policy. They canencouragetheparticipationinthedecisionmaking.ForExample- Sometimes, the leaders may server as moderator of ideas and give suggestion from the team or group. Leader can use the scientific management which based
Cont. The Laissez-Faire-This type of leadership is avoided the power and responsibility because leaders passes on the responsibility for the decision making to his subordinate. In this way, leaders are limited initiative towards the management. In Barclay bank firm, leaders don't give the direction and not allows the group to establish their own goals. They play only minor role in the organization.
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Pestle analysis Political Factor-For Past few years, Barclay bank firm is facing the tough situation in global world. The price of drugs were already under the pressure in other countries. In this way, Barclay bank firm is changing the policy and procedures . Political pressure must be challenging for the Industry. There are such pressure become a cause of worry about the drugs makers. Economic Factor-The economic crisis is completely over but it effects the entire society. In UK, there are all around in several nations where the economic situation has yet completely recovered in properly. There are various type of economic and political pressure leading to loss for the Barclay bank company. This type of challenges the Barclay bank industry faces the growing pressure regarding the profit growth.
Cont. Social Factor– Social culture is another factor that present both threat and opportunities in the Barclay bank organization. Aging population is major factor that bring wide range of opportunities in the company. It will need dedicated towards the different kind of issues that come for increasing the age. Technological Factor –Technology has major role in the banking sector. Especially, when it will increase the social networking to share the non profitable opportunities. New technologies help for organization to reduce the cost and reduce the expenses.
Cont. Environmental factor-Environmental risk is to be considered in the Barclay bank firm because there are many products that can pollute the environment. Product do not impact on the environment but their improper disposal and storage affect the around. In this way, the pressure on Barclay bank manufacture firm is high over the synchronization among the need of environmental. Legal factor-It is one of the biggest challenges before the Barclay bank firm. Financial penalties on the Barclay bank companies UK have become more frequent. There are different anti corruption laws and strict compliance's which are highly challenges for the organization.
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Recommendation It has recommended that the Barclay bank firm is mainly used the business tool such as pestle analysis that help for identifying the need and requirement. Barclay bank is formulating plans and strategies by using technology for increasing the competitive advantages.
CONCLUSION As per discussion, it concluded that Leadership style is the best approach in the organization to influence the other team members towards their goals and achievements. This report discuss about the leadership style in Barclay bank for managing the entire business operations and their functions.Pestle Analysis is a type of business analysis tools that help for identifying the issues and factors that affect the entire business.
REFERENCES Books and Journals Cheung, F., Yeung, D.Y. and Wu, A.M., 2018. Employees’ perception of leadership styles and successful aging in the workplace.Journal of Career Development. 45(6). pp.610-624. Malviya, S. and Dwivedi, P., 2019. Extracts of Ailanthus excels an Essential Medicine in Ayurveda:Pharmacologicalevaluationandpreliminaryscreeningof phytochemicals.Journal of Drug Delivery and Therapeutics.9(1-s). pp.84-87. Racz, L. and et.al.,2018. Extensive comparison of biodiesel production alternatives with lifecycle,PESTLEandmulti-criteriadecisionanalyses.CleanTechnologiesand Environmental Policy.20(9). pp.2013-2024.
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