Skeleton for Unit 6 MSBP – Created by RI
21 Pages5005 Words59 Views
Added on 2020-11-12
Skeleton for Unit 6 MSBP – Created by RI
Added on 2020-11-12
ShareRelated Documents
Skeleton for Unit 6 MSBP – Created by RI(For internal circulation only)IntroductionGlobalisation is identify as an effective process in which goods, people and ideasspread throughout the globe, spurring more integration and interaction between thegovernments, cultures and economics arccos the world. In simple word, globalisation is referas a connection of various parts of the globe resulting in the enlargement of internationaleconomic, political and cultural activities. It is the integration and movement of large numberof person and goods among various nations. This represents the world international trade,cultures, information technology trade and investment. For this, government policies plannedin to open economics internationally and domestically in order to boost development orsuccess in poorer countries. For this report chosen organisation is Barclays Bank which is aBritish multinational financial service company and investment bank located in London. Thisbank is organised into four main business namely corporate banking, personal banking,investment management and wealth management. This report divided into different partswhich cover project aims and objectives, project management plan, qualitative andquantitative research, performance Review and self-Assessment. Globalisation is positivelyimpact on the Economic growth and success in the United Kingdom. For example:maximised competition from globalisation supports stimulate advanced technologydevelopment, specially with the success in FDI, which assists to enhance economic output bycreating process more effective. Cultural Impact is another type of of impact which isimpacted by the globalisation. For example: globalisation has allowed for employees orcustomers to be capable to attain services or goods which are nor previously available. Inaddition. It has allowed an individual to become familiar or well-known with the culture ofanother nation allowing for better understanding. Ethics mainly related with a person's moraljudgement regarding wrong and right. Decisions taken in an enterprise may be made bygroups and individuals, but whoever creates them will be effected by the business culture. Forexample: Corporate social responsibility and ethical behaviour can bring essential benefits toa globalised organisation. Background of the ResearchBarclays Bank is an investment bank and financial service organisation in London. Itwas founded in 1690 by John McFarland, Jes Staley. Company decide to expand theirbusiness operation in international level successfully (Nicholas and Steyn, 2017). In duringthe process of digitalisation, company face different positive impact such as cultural, ethicaland economical. All this are directly and positively influence on business growth and success
at global level. Main reason behind conducting this report is to analyse the positive economic,cultural, and ethical impacts of globalisation on business functions. In the organisation,different functions are carried out related to operations, marketing, human resources andaccounting. All this are play vital and effective role for development and success of enterpriseinternationally. 1.Operations: Operations of Barclays Bank is mainly related with opening of newaccounts, supporting clients with managing deposits, transferring money betweenaccounts etc. Company need to expand all this operation function at internationallevel which is essential and significant for the success and growth of an enterprise(Jeston, 2014). 2.Marketing: In Barclays Bank, marketing manager expected to coordinate andorganise with all other division of bank and create different marketing plan andstrategies to boost up profit and sales. Company decide to internationalise in whichdifferent positive impact are faced by them such as economic, cultural, and ethicalimpact in positive manner. Thus, it is essential for the company to achieve betterresults within predetermined time period. 3.HR: This is another function of bank in which HR department is liable for analysingsuch talented workforce and placing them in accurate jobs in the bank. For example:When an organisation enlarges its business operations into other nations, the effect ofglobalisation on HRD and HRM is essential. In this bank require to involve a differentrange of practical improvements to be capable to retain, hire, support and trainworkforce. Along with this human resource department of bank must adapt theirpractices and thinking to cover foreign regulations, cultural differences andtechnological development.4.Accounting: This function is mainly related with the reporting and recording of cashflow transaction. Such function plays vital role in the organisation by maintainingfinancial controls, payroll, accounts receivable and payable. For example: accountingfunction has been affected and forced by the processes and possibilities ofglobalisation. They possibly effect the harmonization of audit standards andaccounting, financial services and reporting. And the financial control andcoordination of dispersed subsidiaries of international enterprise (Hillson, 2017). Aims of the Project: Main aim of preparing this project is “To investigate the positiveeconomic, cultural, and ethical influences of globalisation on different functions of bank”. Acase study on Barclays BankObjectives: There are different objectives made by the researcher with the help of
research aim. Some objectives are described as under: To investigate the idea of globalisation. To analysis the positive economic, cultural, and ethical impact of globalisation ondifferent functions of Barclays Bank such as marketing, HR, Operation and accounting. To examine the interrelationship between globalisation is success of entire functionsat international level. Research PlanProject TitleProject PlanCompany Name:Barclays Bank CostFor any company to be successful they have to target the cost factor at first instance. The managers in the cost department have the responsibility to accomplish the desired goals by achieving the cost factor before implementing any new plan. So as to calculate the cost managers should forecast the costing budgets, capital requirement ratios, ways that will reduce costing of new plan so that higher profits are generated. As the manager forecast the cost it is forecasted that it would cost around 400 eurosScopeScope for the company includes their future thoughts soas to achieve the success in the organisation. This includes their goals, plans, policies and actions that willbe implemented to achieve the overall scope of the company. Barclays bank should form policies that would help them in utilising available resources in the market efficiently so that they are able to maintain cost and expand their operations with the view to increase the overall profits. TimeIt is important for any organisation to complete the taskand implement the project on time. If the plan is not implemented on time than it would lead to increase in cost of implementation to the company. Managers
should use different procedures that will enable them toreduce the time taken in implementation of policies for the project. This can be accomplished by using different theories that helps in reducing the time for the work done. Barclays should use different policies so that they time taken for the project is reduced and it also helps in conducting work on time.QualityEvery organisation should provide quality product and service to their customers. As quality is the main factor that results in success of enterprise. Nowadays customers are shifting towards the service that are best in quality so Barclays should formulate a department that checks on regular bast for any organisation to complete the task and implement the project on time. If the plan is not implemented on time than it would lead to increase in cost of implementation to the company. Managers should use different procedures that wiis thatproducts and services are provided with best quality in industry. Proper training and development sessions should be done so that employee's gives best service to the clients which will help company to increase their brand loyalty. CommunicationCommunication is one of the vital part that helps in reaching the desired level. It helps in completion of the project. Mangers should work in a way that it encourages open communication so that work is communicated in proper manner. There are different methods of communication which enable the managers to perform their task in proper way. Various types of communication includes verbal communication, writtencommunication etc.RiskRisk assessment should be done by every company so that they are able to know whether their company is efficient to do the work or not. The managers in the organisation should regularly check the activities of thecompany in way that if they are able to perform the task
accurately or not. Leaders in Barclays bank should check the external environment of the organisation that affects their working and should make a way that reduces the risk that is generated from it. They should amend the policies in a way that it does not get harmed from changing environment in the market.ResourcesThis includes the resources that are available in the organisation which enables them to operate their operations efficiently. The resources in Barclays bank includes the cash that is available to distribute loans to their clients. They should utilise their resources as when there is huge demand for the products available. The tools that are used in the research process includesManpower: it is the main tool that is required by the researcher as with the help of them the data would be collected and research would be progressed.Funds: These are the basic requirement for a research proposal to be continued. As the funds are needed to cover the data and purchase the documents which would make the research viable. Research equipments etc. Which are required to achieve the outcome of research proposal. Therefore Barclays needs to provide the research tools to the researcher.Type of ResearchPrimary and SecondaryQuality and QuantityResearch is he systematic investigation and study of materials and sources in order to establish facts so as to reach new conclusions. Research process includes 4 cycles that includes theCreating HypothesisCreating predictions on the basis of HypothesisReviewing Prediction that are madeAnd achieving the final resultThere are two ways that are used to collect information in any research project, which are Primary research procedures and secondary research procedures. Primary
research procedures includes collection of new data for conducting the research. These data are collected for the first timet for any organisation to complete the task and implement the project on time. If the plan is not implemented on time than it would lead to increase in cost of implementation to the company. Managers should use different procedures that wi and are evaluated so as to give the conclusion. On the contrary the secondary data includes already given data that has been already collected by other researcher and may be found in magazines or through new paper. For this research analysis 10 individual has been taken and the questionnaire has been sent to them so that conclusion can be made.There are different types of research that are done which are :Qualitative method: In this type of research more emphasis is done on theoretical analysis and not on numerical data. The different methods that are used to collect the information includes research from web, taking interviews, focus on group discussion etc.Quantitative method: This the way which uses numerical data for the analysis to be done. In this method different sources such as newspaper, books and journals are
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
(Doc): Managing A Successful Business Project Assignmentlg...
|24
|4864
|250
Managing a Successful Business Project Assignment - Barclays Banklg...
|26
|5317
|296
Managing a Successful Business Project Assignment - Barclays Plclg...
|30
|4928
|238
Conception of Globalisation PDFlg...
|25
|4340
|344
Unit 6. Managing a Successful Business Project Assignmentlg...
|34
|6808
|289
Positive economic, cultural and ethical value of globalisation on marketing and HR, “In the case of Barclays Bank”lg...
|40
|6474
|71