Managing a Successful Business Project Assignment - Barclays Plc
Added on 2020-10-05
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Managing a SuccessfulBusiness Project
Table of ContentsINTRODUCTION...........................................................................................................................1Background of the Research...................................................................................................1Research Plan.........................................................................................................................3Work Breakdown structure for the Project.............................................................................5Research Methodology and Data collection...........................................................................8Analysis and Interpretation...................................................................................................10Recommendation on findings...............................................................................................19Conclusion to the research....................................................................................................20REFERENCES..............................................................................................................................21APPENDIX....................................................................................................................................24
Topic: “What are the positive economic, cultural, and ethical impacts of globalisation ondifferent business functions within an organisation”.INTRODUCTIONGlobalisation is a wider concept which interconnects two nations through a trading ofbusiness. Every organisation has a dream to achieve strong brand identity at global level and forthis management put their maximum efforts in reaching its business functions to another nation.Globalisation increases competition in market which drives every organisation to bringsomething innovative for their targeted customers to achieve huge sustainability. Barclays Plc, aUK-based multinational company which is engaged in providing financial services throughoutUK is selected for the purpose of preparing this report. It mainly performs four basic functionswhich includes corporate banking, personal banking, investment and wealth management. Theproject report includes aims and objectives along with an appropriate project management plan.The project also discusses Work break-down structure and Gantt chart, research methodologiesand data collection, analysis and interpretation along with a valid recommendation.Positive impact of Globalisation in general to the businesses in the UKExpansion of business makes positive economic, cultural and ethical impacts on various business functions which are briefly described as under:Economic impact: Expansion of business into other nations makes positive impact ongrowth of GDP as it generates huge employment opportunities, payment of huge taxes togovernment of operated nations (Baylis, Smith and Owens, 2017).Cultural impact: An organisation employs large number of employees having differentcultures and backgrounds which contributes maximum efforts in globalising the business througheducating them about meeting the needs and preferences of people of different culture. Itincreases the chances of successful expansion of business.Ethical impact: It is related with norms, beliefs and rules which should be followed by anorganisation along with its employees during an expansion so as to prevent any legal issues orpenalties. It supports them in expansion of business at global level.Background of the ResearchBarclays Plc is multinational company which is engaged in providing financial servicesthroughout the UK through performing four basic functions such as Personal banking, corporate1
banking, wealth and investment management. It came into existence in the year 1690 and itsheadquartered is located in London. It operates its business functions in more than 40 nationswith having approx. 85,000 employees. Now, the company has made decisions regarding itsfurther expansion to other nation in order to achieve huge market growth and customer base(Boserup, Tan and Toulmin, 2013). But before executing such decision, it is important formanagement to analyse the overall positive impact of globalisation on different functions ofbusiness which includes marketing, operation, HR and Accounting. It is briefly explained asbelow:Operations: Expansion of business requires dealing with external clients and makingthem loyal towards business through serving well for the requirements they approach. Thisrequires support from operation unit who is responsible to deal with clients on daily basis withmore effective and efficient manner.Marketing: Sustainability of business into new nation is quite difficult unless the peopleare aware about their entrance in their market which can be possible through taking support frommarketing department. It can influences the decisions of people in favourable of Barclays Plc byattracting them by lowering their interest rates which is not currently provided by any otherbanks (Chen and Tsou, 2012).Human resource: Expansion of business requires efforts of maximum workforce whoare having sufficient skills and knowledge about understanding of new market. This will besupported by HR department who is responsible to conduct recruitment programs and selectemployees having different culture and background. Accounting: While globalising the business, Barclays Plc has required to make varioustransactions which needed to be recorded in the books of accounts so as to identify actualexpenses and income of business. This will be done by accounting manager who brings valuableinformation to company about whether expansion brings profitable outcome or not (Crane andMatten, 2016).Aims of the Project: “To analyse the positive economic, cultural and ethical impact ofglobalisation on various functions of an organisation”- A case study on Barclays Plc.Objectives:To determine the term globalisation2
To evaluate the positive economic, cultural and ethical impact of globalisation on variousbusiness functions of Barclays Plc.To determine the relationship between globalisation and business functions of BarclaysPlc.Research PlanProject Title“What are the positive economic, cultural, and ethicalimpacts of globalisation on different businessfunctions within an organisation”.Project PlanCompany Name:Barclays PlcCostThe profitability of business project is very muchdependent on the overall cost utilised in execution ofspecific project activities. Therefore, it is required forBarclays Plc to utilise funds in an optimum mannerwhich can be possible through preparing cash budget inadvance. Cost of conducting research has beenestimated around 50000 pound and the project cost willbe around 35000 pounds..ScopeBarclays Plc is operated at global level which decidesto expand its business operations to another nation. Italready attained strong brand identity due to which thescope of its business project is very much wider.TimeBusiness environment is complex and contingent innature which creates competitive market opportunitieson timely basis. Thus, to achieve such opportunity it isimportant for management of Barclays Plc to set timeperiod for its business project which increasesmotivation among employees as well to work hard andcomplete the allotted task as quickly as possible. QualityQuality is an essential aspect which guaranteed growth3
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