The Globalization of Financial Services
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Added on 2020-11-12
The Globalization of Financial Services
Added on 2020-11-12
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Table of ContentsTITLE: ............................................................................................................................................1“The Globalization of Financial Services”- A case study on Barclays Bank..................................1CHAPTER 1: INTRODUCTION....................................................................................................1Overview of Research............................................................................................................1Background of Research.........................................................................................................1Rationale of Study..................................................................................................................1Research Aim.........................................................................................................................2Research Objectives...............................................................................................................2Research Questions................................................................................................................2CHAPTER 2: LITERATURE REVIEW.........................................................................................2The concept of globalisation..................................................................................................3The positive and negative impact of globalisation on financial services on Barclays Bank..3The role of globalisation in enhancing financial growth and development of Barclays bank4Different ways through which Barclays Bank can overcome negative impact of globalisation.4CHAPTER 3: RESEARCH METHODOLOGY.............................................................................5CHAPTER 4: DATA ANALYSIS AND INTERPRETATION.....................................................8CHAPTER 5: OUTCOMES..........................................................................................................18Stakeholders :.......................................................................................................................18Communicating research outcome.......................................................................................18Convincing arguments..........................................................................................................18CHAPTER 6: RECOMMENDATIONS & REFLECTION..........................................................19Recommendation..................................................................................................................19Reflection.............................................................................................................................19
TITLE: “The Globalization of Financial Services”- A case study on Barclays Bank.CHAPTER 1: INTRODUCTIONOverview of ResearchFinancial services is refers to as an economic services that are being offered by severalfinancial institutes in order to manage the fund effectively. This includes credit union,accountancy company, banks, insurance companies, credit-cards companies, consumer-financecompanies, stock, brokerages and many more (Coker, 2014). These services get enhanced andmore improved after the anticipation of globalisation by providing a medium of operationalintegration to the companies working over several geographical area. In addition to thisglobalisation has also increased the flow of fund among countries which in turn has increases theseveral sources for people to invest and achieve higher return. For determining the impact ofglobalisation over financial services Barclays Bank will be consider within this research. Background of ResearchGlobalisation is a process of integrating government, people as well as businessoperations among two countries (Davidson and et. al., 2012). It has open up several mediumsthrough which a country or an organisation can improve its trade practices by integrating andinteracting with other countries. In current project Barclays Bank is taken which is a Britishmultinational company investment bank and financial service company. In addition to thiscompany also manages different core businesses such as corporate banking, personal banking,investment management and wealth management. It is also considered as one of the moststrongest transnational corporation within the ownership terms and control the global financialstability as well as market competition. Rationale of StudyThe main reason behind conducting this project is to determine the impact thatglobalisation brings within financial sector and benefits that Barclays Bank get after globalise itsbusiness practices (De Vos, 2012). By performing this investigation researcher would be able toenhance its knowledge regarding the tools as well as techniques that are used to conductinvestigation effectively. In addition to this researcher would also be able to enhance knowledge1
regarding the globalisation and its influence over business practices. This investigation can befurther used in future for academical purpose which support students in getting informationregarding the ways globalisation help financial institutes to achieve growth at international levelby learning it from some real life examples of Barclays Bank (Findlay and et. al., 2012).Research AimAim: “To identify the impact of globalisation on financial services of an organisation”.A study on Barclays Bank. Research ObjectivesTo develop basic knowledge about the concept of globalisationTo identify the positive and negative impact of globalisation on financial services onBarclays Bank.To analyse the role of globalisation in enhancing financial growth and development ofBarclays bank.To identify different ways through which Barclays Bank can easily overcome negativeimpact of globalisation.Research QuestionsHow to develop basic knowledge about the concept of globalisation?What are the positive and negative impact of globalisation on financial services onBarclays Bank?What are the role of globalisation in enhancing financial growth and development ofBarclays bank?What are the different ways through which Barclays Bank can easily overcome negativeimpact of globalisation.CHAPTER 2: LITERATURE REVIEWLiterature review is defined as a process of collecting and then reviewing the informationwhich is available at scholarly papers, journals and books in order to develop an understandingregarding particular topic by considering the view point of several authors. This help inproviding a pathway through which a researcher can further explore the information to achieveresearch objectives.2
The concept of globalisationAs per the view point of Kschweit, 2019, globalisation is a term which is basically usedto describe increase in social, political and economical interaction as well as interrelation acrossthe cultural and political boundaries. But the process of globalisation has advantage as well asdisadvantage for political, social and economic development. The major advantage ofglobalisation is that it help an organisation to increase its flow of ideas, trade practices as well asknowledge. This in turn support a company to improve its quality of operations by integratingthe culture of two different countries. On the other side according to the Patricia Fox and Stephen Hundley, 2010, globalisationis refers to the interconnectedness of people as well as businesses across the world whicheventually results into political, global cultural and economic integration. The globalisationprovides an ability to move and interact easily with people reside all over the world forconducting business internationally. This in turn provide a medium of business expansion toseveral people by targetting larger market share for offering its product or services and achievehigher amount of profit. The positive and negative impact of globalisation on financial services on Barclays Bank.As per the view point of Aharoni, 2014, globalisation support Barclays Bank up to a greatextend by providing it a medium to expand businesses practices and improve its quality ofservices. Globalisation have both positive as well as negative impact over the actions performedby Barclays Bank. The major benefits that Barclays bank get after its business expansion atglobal level is that it get access to advanced technology, larger customer base to target with itsfinancial services and cultural integration for improving business practices. This in turn hasbenefited the Barclays bank to increase its capital as well as profit earned throughout the year bytargeting the large number of customers. In addition to this, Barclays bank also have to facesome challenges while entering into global market such as cultural difference, availability oflarge number of competitors and many other legal issues. These all challenges have negativeinfluence over the Barclays bank as it has affected the performance as well as position withinmarketplace. This is because it has affected the way bank operates its business as there is acultural as legal differences among countries which has affected the financial practicesperformed by bank. 3
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