Positive Impact of Globalization on Business Functions - A Study on Barclays Bank

MANAGING A SUCCESFUL BUSINESS
PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................3
L O 1................................................................................................................................................3
P1) Aim, objectives and background...........................................................................................3
P 2) Project management plan.....................................................................................................4
P 3) Gantt chart and work breakdown structure..........................................................................6
..........................................................................................................................................................8
..........................................................................................................................................................8
L O 2 ...............................................................................................................................................9
P 4) Research methodology.........................................................................................................9
L O 3..............................................................................................................................................12
P 5) Data analysis and interpretation.........................................................................................12
P 6) Recommendation and Conclusion......................................................................................22
L O 4..............................................................................................................................................23
P 7) Reflection...........................................................................................................................23
REFERENCES..............................................................................................................................24
APPENDIX....................................................................................................................................26
INTRODUCTION

The term globalization can be defined as the process of integration and interaction among
companies, people and government across the world. Globalization has been developed due to
advancement in communication and transportation technology. It is also defined as the economic
process of integration and interaction that is related with cultural and social aspects (Beck, 2018).
It has positive ethical, socio-cultural and economic impact on different functions of the business
such as HR and marketing function etc. As the world realizes more and more regarding value
and potential of interstate cooperation, they are making efforts towards mutually benefiting
strategies.
The present research is based on Barclays Bank. It belongs to the industry of financial
services and banking. It was founded in year 1690. It offers a wide range of products and
services such as commercial banking, retail banking, wealth management, investment banking
etc.
The research will outline aim and objectives of the study, project management plan, work
breakdown structure, Gantt chart, research methodology adopted by researcher that involves
research methods, data collection methods, sampling etc. It will also explain data analysis and
interpretation, recommendation and reflection etc.
L O 1
P1) Aim, objectives and background.
Background-
Due to integration and interaction of people, companies and government in the world, it
has created positive impact on the major functions of the business such as marketing, HR etc.
Company should make strategies to improve the level of performance that will help to gain
competitive advantage over other firms. The present study is based on Barclays Bank. It is one
of the most prospective and leading financial organization. The bank is headquartered in London,
UK. It offers all the major banking services. Such as individual banking, investment banking,
institutional banking etc.
Aim-
“To examine the positive impact of economic, cultural and ethical impact of globalization on
marketing and human resource function.-A study on Barclays Bank.
Objectives-
 To determine the concept of globalization.

 To analyse the positive economic, cultural and ethical impact of globalization on
marketing function.
 To evaluate the positive cultural, economic and ethical impact of globalization on human
resource function.
 To recommend the strategies that can help to improve overall performance of Barclays
Bank.
Research Questions-
 What is the concept of globalization.
 What are the positive economic, cultural and ethical impact of globalization on marketing
function.
 What are the positive cultural, economic and ethical impact of globalization on human
resource function.
 What strategies can help to improve overall performance of Barclays Bank.
Scope-
The study involves project management plan. Research methodology adopted by
researcher for conducting study, data analysis and interpretation, conclusion and
recommendation etc.
Justification-
The major aim of the study is to point out the impact of globalization on business
functions of Barclays Bank. The bank by nature is a financial service business therefore, it
cannot remain unaffected by the surrounding trade based trends and traits. The present study will
assist other researchers to conduct research in similar area. It will help other companies to
analyse the positive cultural, economic and ethical impact of globalization on business functions.
Limitations-
The research has various constraints such as time constraint for performing research.
Further, researcher has to incur funds for different purposes etc.
P 2) Project management plan.
Before starting any project it is very important to cover its varied aspects so that
preliminary preparation can be done in proper manner. Researchers usually before starting any
project take in to consideration cost of carrying out project, time within which project will be

completed and resources that are available to carry out project. In the current section varied areas
in respect to research topic are
 Scope: Scope of current research study is wide as it can be observed that current research
topic is “What are the positive economic, cultural, and ethical impacts of globalization on
different business functions within an organization”. Thus, impact of economic, cultural
and ethical impact of globalization on business operations is analyzed. Three factors
economic, cultural and ethics are discussed which reflect that scope of the present
research study is wide.
 Communication: In order to carry out research study both primary and secondary data
will be gathered. In order to gather primary data communication will be established with
the sample units. Personal meeting will be carried out with sample units to obtain their
consent.
 Risk: Risk is that research scope is wide and due to this reason any of research topic
components may remain uncovered to some extent. In such kind of situation research
may failed to achieve its objective.
 Resources: As part of resources few one will be required. Laptop and internet connection
will be required to analyze dataset and gather secondary data for literature review
purpose.
Cost-
The term cost can be explained as the expenses that are incurred to attain a specific
objective of the researcher (Siami-Irdemoosa, Dindarloo and Sharifzadeh, 2015). There are two
types of cost that is variable cost and fixed cost. It consists of all types of financial resources that
are required to finish the project on time. While conducting the study there are various types of
expenses that are incurred by researcher and Barclays Bank. It includes labour cost, quality
control and other factors.
Cost table for the researcher
Particulars Expenses (£)
Expenditure on data collection 200
Expenditure on stationary items 500
Cost of Printing 100

Expenses related with developing
Questionnaire
200
Total 1000
Cost table for Barclays Bank.
Particulars Expenses (£)
Expenditure on research 200
Expenses related with training and
development
600
Fixed overheads 500
Investment 200
Total 1500
Time-
The constraint of time refers to the schedule of project for completion as well as it also
includes deadlines for every stage of the project. Researcher takes different steps for effective
time management like scheduling, planning, monitoring and controlling etc. Planning includes
developing the major aim of the study, monitoring requires researcher to analyse how the
previous phases of the study are being performed. In case of control, researcher communicates
output of each phase of the project. Gantt chart assist to see the timeline of project. Researcher
requires 5 weeks to complete the research in effective manner.
Quality-
The factor quality is somewhat similar to the scope of project. Quality is interlinked with
other constraints of the project. Whatever the type of the study, it is essential to develop certain
standards related with quality. Researcher has adopted certain tools to maintain the quality of
project such as cause and effect analysis etc. It helps researcher to determine the root cause of
problems. It also helps to keep the quality standard high.

P 3) Gantt chart and work breakdown structure.
Gantt chart -
It refers to a timeline that is used in projects to define how the project will move forward
(Gantt and Adamiecki, 2015).