Managing A Successful Business Project
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AI Summary
This project analyzes the positive impacts of globalization on various business functions within an organization, using Barclays Bank as a case study. It includes a research plan, work breakdown structure, Gantt chart, and data analysis based on primary and secondary research. The project concludes with recommendations for Barclays Bank to enhance its market share and profitability at a global level.
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UNIT 6 Managing A
Successful Business
Project
Successful Business
Project
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Table of Contents
INTRODUCTION...........................................................................................................................3
Background of researcher...........................................................................................................4
Aims and Objectives of the project.............................................................................................5
Research plan..............................................................................................................................5
Work Break down structure and Gantt chart...............................................................................9
Research Methodology and Data Collection.............................................................................12
Secondary research:..................................................................................................................14
Analysis and Interpretation.......................................................................................................14
Recommendation on findings...................................................................................................23
CONCLUSION..............................................................................................................................24
REFERENCES..............................................................................................................................26
APPENDIX....................................................................................................................................28
Performance review and self-assessment..................................................................................28
Project logbook.........................................................................................................................29
INTRODUCTION...........................................................................................................................3
Background of researcher...........................................................................................................4
Aims and Objectives of the project.............................................................................................5
Research plan..............................................................................................................................5
Work Break down structure and Gantt chart...............................................................................9
Research Methodology and Data Collection.............................................................................12
Secondary research:..................................................................................................................14
Analysis and Interpretation.......................................................................................................14
Recommendation on findings...................................................................................................23
CONCLUSION..............................................................................................................................24
REFERENCES..............................................................................................................................26
APPENDIX....................................................................................................................................28
Performance review and self-assessment..................................................................................28
Project logbook.........................................................................................................................29
INTRODUCTION
Essential element which should be considered by an organisation for attaining
competitive edge within a business refers to managing of successful business enterprise.
Therefore, the best practice which an organisation can adopt to achieve a success in marketplace
is globalisation, as it is a process of transferring knowledge, ideas, workforce, and technology
from one nation to another. Barclays Bank is a financial & bank Service Company which is a
British Multinational organisation headquartered in London. This file explains about the
objectives as well as aims of plan that is a research is being conducted on globalisation, and
theme which is used in this case is “Positive, economic, cultural, and ethical impacts of
globalisation on different business functions within an organisation”. In addition to this
examination plan have been made with assistance of Gantt chart as well as work break own
structure. Lastly, a different type of Collection of data tools and research methodology is being
used in order to analyse and interpret the collected Data as well as recommendation on findings
is also being done in this report.
Affirmative influence of globalisation to business within United Kingdom
An activity that is concerned with transmission of knowledge, skills, workforce,
technology and capital from one nation to another to increase business at multinational level is
known as globalisation (Ahmed, 2018). Therefore, there is certain optimistic blow of expansion
within Barclays Bank in UK and they are ascertained below:
Economic impact: One of the positive economic impact of globalisation for the Barclays
Bank business in UK is that it has lead in the overall development of the business
financial stability. Moreover, overall economic growth is based on the organisation
contribution too as they generate huge tax payment to the government and create job
opportunities too for the individuals.
Cultural impact: Barclays Bank business in UK to make an analysis of the different
cultural aspects and background of the people so that according to the culture of people
an organisation can produce products. Moreover, avoidance of such cultural practice may
generate a difficulty for Barclays Bank organisation to achieve a sustainable growth
while operating a global level.
Ethical impact: In order to operate business ethically in marketplace it is very much
essential for Barclays Bank business to carry out its different operational activities taking
Essential element which should be considered by an organisation for attaining
competitive edge within a business refers to managing of successful business enterprise.
Therefore, the best practice which an organisation can adopt to achieve a success in marketplace
is globalisation, as it is a process of transferring knowledge, ideas, workforce, and technology
from one nation to another. Barclays Bank is a financial & bank Service Company which is a
British Multinational organisation headquartered in London. This file explains about the
objectives as well as aims of plan that is a research is being conducted on globalisation, and
theme which is used in this case is “Positive, economic, cultural, and ethical impacts of
globalisation on different business functions within an organisation”. In addition to this
examination plan have been made with assistance of Gantt chart as well as work break own
structure. Lastly, a different type of Collection of data tools and research methodology is being
used in order to analyse and interpret the collected Data as well as recommendation on findings
is also being done in this report.
Affirmative influence of globalisation to business within United Kingdom
An activity that is concerned with transmission of knowledge, skills, workforce,
technology and capital from one nation to another to increase business at multinational level is
known as globalisation (Ahmed, 2018). Therefore, there is certain optimistic blow of expansion
within Barclays Bank in UK and they are ascertained below:
Economic impact: One of the positive economic impact of globalisation for the Barclays
Bank business in UK is that it has lead in the overall development of the business
financial stability. Moreover, overall economic growth is based on the organisation
contribution too as they generate huge tax payment to the government and create job
opportunities too for the individuals.
Cultural impact: Barclays Bank business in UK to make an analysis of the different
cultural aspects and background of the people so that according to the culture of people
an organisation can produce products. Moreover, avoidance of such cultural practice may
generate a difficulty for Barclays Bank organisation to achieve a sustainable growth
while operating a global level.
Ethical impact: In order to operate business ethically in marketplace it is very much
essential for Barclays Bank business to carry out its different operational activities taking
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into consideration rules and regulation framed by government authority. Additionally, it
can be said that if the business is carried out ethically at a global level then it will help in
creating positive impact of organisation in marketplace. Moreover, an organisation
should also convey the ethical laws to its employees so that each workforce carries out
their respective task ethically which will also help in creating healthy relation with the
company with which the company is dealing at an international level.
Background of researcher
A British multinational investment Bank as well as financial service firm, Barclays Bank
and is headquartered within London. Moreover, apart from investment Bank Barclays has
organised it business into four core sector, they are personal Banking, corporate Banking, wealth
management and investment management. Therefore, in order to further enhance its market
share at global level Barclays Bank require support from different department of the business
which are specified below (Akehurst, Simarro and Mas‐Tur, 2012):
1. Operations: In order to reduce the repetition of tasks Barclays Bank will need hold
up from operation department for taking into consideration transaction with assistance
of different types of clients operating at a global level. Therefore, influencing new
clients to make investment in their firm will involve in sustaining their operational
department within business administration which will help in generating more of
revenue for an organisation.
2. Marketing: It is the department which help the Barclays Bank organisation in
creating awareness about their products and services to its final customers. Therefore,
Barclays Bank can influence large customers when they are able to acquire more
number of talented staff who has gained the capability of influencing customers.
Thus, it will help the organisation in generating more revenue.
3. HR: It is one of the essential department which has an crucial part within the entire
formulation of an organisation. As the main responsibility lies upon HR itself, as
he/she is the one who have to recruit and selected talented and skilled workforce for
the organisation who can result in generating increase in sales revenue for the
company.
4. Accounting: It is the essential department for Barclays Bank organisation as without
it a company cannot start its services at multinational ground. When business
can be said that if the business is carried out ethically at a global level then it will help in
creating positive impact of organisation in marketplace. Moreover, an organisation
should also convey the ethical laws to its employees so that each workforce carries out
their respective task ethically which will also help in creating healthy relation with the
company with which the company is dealing at an international level.
Background of researcher
A British multinational investment Bank as well as financial service firm, Barclays Bank
and is headquartered within London. Moreover, apart from investment Bank Barclays has
organised it business into four core sector, they are personal Banking, corporate Banking, wealth
management and investment management. Therefore, in order to further enhance its market
share at global level Barclays Bank require support from different department of the business
which are specified below (Akehurst, Simarro and Mas‐Tur, 2012):
1. Operations: In order to reduce the repetition of tasks Barclays Bank will need hold
up from operation department for taking into consideration transaction with assistance
of different types of clients operating at a global level. Therefore, influencing new
clients to make investment in their firm will involve in sustaining their operational
department within business administration which will help in generating more of
revenue for an organisation.
2. Marketing: It is the department which help the Barclays Bank organisation in
creating awareness about their products and services to its final customers. Therefore,
Barclays Bank can influence large customers when they are able to acquire more
number of talented staff who has gained the capability of influencing customers.
Thus, it will help the organisation in generating more revenue.
3. HR: It is one of the essential department which has an crucial part within the entire
formulation of an organisation. As the main responsibility lies upon HR itself, as
he/she is the one who have to recruit and selected talented and skilled workforce for
the organisation who can result in generating increase in sales revenue for the
company.
4. Accounting: It is the essential department for Barclays Bank organisation as without
it a company cannot start its services at multinational ground. When business
transactions are carried out at global intensity will require lot of transaction to be
done which further must be recorded within accounts of business. Thus, all record of
Barclays Bank is being maintained in books of account which helps in assisting
company about the expenses incurred while carrying out expansion of firm at global
level.
Aims and Objectives of project
Aims:
“To analyse the positive economic, cultural, and ethical impacts of globalisation on
different business functions within an organisation”- A case study on Barclays Bank.
Objectives:
To comprehend about basic notion of globalisation
To examine the affirmative cultural, ethical and economic impacts of globalisation with
reference to functions within an organisation.
To scrutinize features influencing trade while carrying out operations within a global
level.
Research plan
Project Title “To analyse the positive economic, cultural, and ethical impacts of
globalisation on different business functions within an
organisation”- A case study on Barclays Bank.
Project Plan
Company Name: Barclays Bank
Cost It is the crucial aspect which both the researcher and the
organisation must take into consideration while making an
appropriate project plan (Bae, Rowley and Sohn, 2012). As without
having sufficient amount of funds one cannot start up its firm easily.
So from Barclays Bank with reference to amount obligatory to start
business at global level is 550000 pounds, whereas a researcher will
done which further must be recorded within accounts of business. Thus, all record of
Barclays Bank is being maintained in books of account which helps in assisting
company about the expenses incurred while carrying out expansion of firm at global
level.
Aims and Objectives of project
Aims:
“To analyse the positive economic, cultural, and ethical impacts of globalisation on
different business functions within an organisation”- A case study on Barclays Bank.
Objectives:
To comprehend about basic notion of globalisation
To examine the affirmative cultural, ethical and economic impacts of globalisation with
reference to functions within an organisation.
To scrutinize features influencing trade while carrying out operations within a global
level.
Research plan
Project Title “To analyse the positive economic, cultural, and ethical impacts of
globalisation on different business functions within an
organisation”- A case study on Barclays Bank.
Project Plan
Company Name: Barclays Bank
Cost It is the crucial aspect which both the researcher and the
organisation must take into consideration while making an
appropriate project plan (Bae, Rowley and Sohn, 2012). As without
having sufficient amount of funds one cannot start up its firm easily.
So from Barclays Bank with reference to amount obligatory to start
business at global level is 550000 pounds, whereas a researcher will
require approx. 50000 pounds to conduct an effective research.
Scope It refers to the possibilities which an organisation can achieve after
reaching business at global level. Barclays Bank has wider scope as
it render financial services all over the world which helps the
organisation to generate more of revenue for an organisation
(Faruqi, 2015). Whereas research scope level is also term to be
wider as identifying the impact of different factors of globalisation
on various business functions help researcher in providing right
direction to an organisation while expansion of their business.
Time Time is also an essential element which the Barclays Bank must
take into consideration, as completion of project on time will assist
corporation to create optimistic image within marketplace. If
completion of the project is not done on given time frame then it
will lead in increase in business cost (Hatten, 2015). Thus, as per
Barclays Bank forecast the time taken to globalise its business is 6
months, but as per investigator’s viewpoint time compulsory to
conduct research is around 2.3 months (86days).
Quality Quality is termed to be an another factor which Barclays Bank must
take into consideration while rendering services to its customers. As
people most prefer to take quality services so if the company will
render services as per customer preferences then it will help in
maximising the customer involvement within an organisation
(Miller, Steier and Le Breton–Miller, 2016). Whereas as per
research point of view, a researcher must take into consideration
qualitative research that is primary research methods in order to
achieve quality research.
Communication It is an another essential aspect which the Barclays Bank must take
Scope It refers to the possibilities which an organisation can achieve after
reaching business at global level. Barclays Bank has wider scope as
it render financial services all over the world which helps the
organisation to generate more of revenue for an organisation
(Faruqi, 2015). Whereas research scope level is also term to be
wider as identifying the impact of different factors of globalisation
on various business functions help researcher in providing right
direction to an organisation while expansion of their business.
Time Time is also an essential element which the Barclays Bank must
take into consideration, as completion of project on time will assist
corporation to create optimistic image within marketplace. If
completion of the project is not done on given time frame then it
will lead in increase in business cost (Hatten, 2015). Thus, as per
Barclays Bank forecast the time taken to globalise its business is 6
months, but as per investigator’s viewpoint time compulsory to
conduct research is around 2.3 months (86days).
Quality Quality is termed to be an another factor which Barclays Bank must
take into consideration while rendering services to its customers. As
people most prefer to take quality services so if the company will
render services as per customer preferences then it will help in
maximising the customer involvement within an organisation
(Miller, Steier and Le Breton–Miller, 2016). Whereas as per
research point of view, a researcher must take into consideration
qualitative research that is primary research methods in order to
achieve quality research.
Communication It is an another essential aspect which the Barclays Bank must take
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into consideration while making an effective project plan. As proper
communication will help in influencing customers towards their
services (Mitchelmore and Rowley, 2013). Thus, the
communication tool adopted by Barclays Bank organisation in order
to make customer aware about the type of services the company is
rendering are advertisement, banners, pamphlets etc. Whereas a
researcher will take into consideration different types of social
media like Facebook, magazines, journals etc. in order to collect
valuable information about the research topic.
Risk Risk aspect is termed to be contingent in nature which is always
present in business environment. Thus, it is essential for Barclays
Bank organisation to analyse the risk factor which can affect
business activities. Risk can take place in any form in an
organisation like there may arise shortage of funds, lack of skilled
workforce etc. Whereas a researcher may also face risk as there may
arise unwillingness of respondents to give accurate and valuable
viewpoints etc (Pekuri and et. al., 2014). which will result in
restricting the researcher to arrive at valid outcome. Thus, both the
management and researcher should make appropriate plans and
strategies in order to overcome this risk factor which may restrict
both of them to come up with appropriate solutions.
Resources It is an another essential aspect which the organisation and
researcher should take into consideration while making an
appropriate project plan so as to carry out business globally
(Ramadani, 2015). Barclays Bank must utilise its resources like
employees, funds, technology etc. so as to increase the profitability
of an organisation. Whereas a researcher can use various sources
like books, magazines, journals etc. so as to drive at valuable and
valid conclusion.
communication will help in influencing customers towards their
services (Mitchelmore and Rowley, 2013). Thus, the
communication tool adopted by Barclays Bank organisation in order
to make customer aware about the type of services the company is
rendering are advertisement, banners, pamphlets etc. Whereas a
researcher will take into consideration different types of social
media like Facebook, magazines, journals etc. in order to collect
valuable information about the research topic.
Risk Risk aspect is termed to be contingent in nature which is always
present in business environment. Thus, it is essential for Barclays
Bank organisation to analyse the risk factor which can affect
business activities. Risk can take place in any form in an
organisation like there may arise shortage of funds, lack of skilled
workforce etc. Whereas a researcher may also face risk as there may
arise unwillingness of respondents to give accurate and valuable
viewpoints etc (Pekuri and et. al., 2014). which will result in
restricting the researcher to arrive at valid outcome. Thus, both the
management and researcher should make appropriate plans and
strategies in order to overcome this risk factor which may restrict
both of them to come up with appropriate solutions.
Resources It is an another essential aspect which the organisation and
researcher should take into consideration while making an
appropriate project plan so as to carry out business globally
(Ramadani, 2015). Barclays Bank must utilise its resources like
employees, funds, technology etc. so as to increase the profitability
of an organisation. Whereas a researcher can use various sources
like books, magazines, journals etc. so as to drive at valuable and
valid conclusion.
Type of Research
Primary and Secondary
Quality and Quantity
Research can be defined as a detailed and careful analysis of
specific problems, issues or concern by taking into consideration
scientific method. Moreover, it can be said that it is defined as a
systematic investigation of a subject so as to reach towards a new
conclusion. Therefore, there are gradually there different research
methods are specified below (Sarasvathy, Menon, and Kuechle,
2013):
Primary research methods: They are type of researches where the
Data is being gathered first time without use and help of any
resources. It is termed be one of the cost method of research but it
results in rendering appropriate outcome. For example, through
personal interview, questionnaire etc. researcher can collect fresh
information which will help in arriving at valid outcome.
Secondary research methods: Type of research where information
is being collected using secondary source or it can be said using
those resources which are already being published. For example,
using books, journals, internet sites, newspaper etc. can be used to
collect valid information.
Qualitative research method: Scientific method for observing
researcher for collection of non-numerical Data. This type of
research is term to be beneficial if the researcher wants the detail
views, beliefs and behaviours of others. Different methods of
qualitative research are case study method, focus group interview,
questionnaire etc.
Quantitative research method: It refers to the research method
which is used to collect data in statistical and numerical form by
using several tools and techniques like through articles, books,
journals, online survey etc. Additionally, while taking this research
method into consideration a researcher must possess specific
knowledge so as to make an interpretation and analysis of collected
Primary and Secondary
Quality and Quantity
Research can be defined as a detailed and careful analysis of
specific problems, issues or concern by taking into consideration
scientific method. Moreover, it can be said that it is defined as a
systematic investigation of a subject so as to reach towards a new
conclusion. Therefore, there are gradually there different research
methods are specified below (Sarasvathy, Menon, and Kuechle,
2013):
Primary research methods: They are type of researches where the
Data is being gathered first time without use and help of any
resources. It is termed be one of the cost method of research but it
results in rendering appropriate outcome. For example, through
personal interview, questionnaire etc. researcher can collect fresh
information which will help in arriving at valid outcome.
Secondary research methods: Type of research where information
is being collected using secondary source or it can be said using
those resources which are already being published. For example,
using books, journals, internet sites, newspaper etc. can be used to
collect valid information.
Qualitative research method: Scientific method for observing
researcher for collection of non-numerical Data. This type of
research is term to be beneficial if the researcher wants the detail
views, beliefs and behaviours of others. Different methods of
qualitative research are case study method, focus group interview,
questionnaire etc.
Quantitative research method: It refers to the research method
which is used to collect data in statistical and numerical form by
using several tools and techniques like through articles, books,
journals, online survey etc. Additionally, while taking this research
method into consideration a researcher must possess specific
knowledge so as to make an interpretation and analysis of collected
Data in a meaningful manner.
Work Break down structure and Gantt chart
Work break down structure:
It is a chart which includes critical work task elements of the project are being illustrated
so as to portray the relationship of each task and to the project as a whole. Moreover this
structure is being used by the project manager of Barclays Bank so that it can be helpful in
predicting the outcomes based on different scenario so as to ensure that optimum decision are
being taken (Schaper, 2016). Therefore, a well structured work break down structure resemble a
flow chart in which all the task are interconnected logically which result in avoiding redundancy
and help in ensuring that no critical elements are left out.
Illustration 1: Work break down structure
Work Break down structure and Gantt chart
Work break down structure:
It is a chart which includes critical work task elements of the project are being illustrated
so as to portray the relationship of each task and to the project as a whole. Moreover this
structure is being used by the project manager of Barclays Bank so that it can be helpful in
predicting the outcomes based on different scenario so as to ensure that optimum decision are
being taken (Schaper, 2016). Therefore, a well structured work break down structure resemble a
flow chart in which all the task are interconnected logically which result in avoiding redundancy
and help in ensuring that no critical elements are left out.
Illustration 1: Work break down structure
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Gantt chart:
It is defined as a visual view of different task which are being scheduled over time as
well as it is useful for showing about what work is being scheduled to be carried out on a specific
day (Smith, Gonin, and Besharov, 2013). Thus, it helps in viewing the start and end dates of a
project.
It is defined as a visual view of different task which are being scheduled over time as
well as it is useful for showing about what work is being scheduled to be carried out on a specific
day (Smith, Gonin, and Besharov, 2013). Thus, it helps in viewing the start and end dates of a
project.
Research Methodology and Data Collection
Research methodology:
Collection of data in order to make effective decision is known as research methodology
they includes surveys, interviews, publication research etc. (Spender, 2014). Moreover, it helps
in making a critical analysis of the research topic reliability and validity. Thus, questionnaire has
been used for collecting data which are more reliable and valid in nature.
Data Collection:
It is the technique opted to gather and measure information on variables of information in
a systematic manner which will get accurate and reliable information directly collected from
Research methodology:
Collection of data in order to make effective decision is known as research methodology
they includes surveys, interviews, publication research etc. (Spender, 2014). Moreover, it helps
in making a critical analysis of the research topic reliability and validity. Thus, questionnaire has
been used for collecting data which are more reliable and valid in nature.
Data Collection:
It is the technique opted to gather and measure information on variables of information in
a systematic manner which will get accurate and reliable information directly collected from
people or using secondary sources such as online portal, websites etc. Thus, a research uses
questionnaires method in order to gather and measure valuable Data.
Questionnaire:
It is defined as written paper which includes number of questions and is used by
researcher in order to acknowledge the respondent viewpoints. Therefore, a researcher takes into
consideration close ended questionnaire in order to gather viewpoints of respondents. Close
ended questionnaire is the one in which the respondent gives the view points by simply selecting
yes or no.
Sampling:
It is a statistical technique in which number of observation are being selected among net
population so as to draw the valid conclusion of total population. Thus, under the present
research 10 respondent of the Barclay Bank itself like customers, employees, management etc.
are selected.
Questionnaire
1) Do you know the term globalisation?
Yes
No
2) Does cultural, ethical and economical makes negative impact on business functions of
Barclays?
Yes
No
3) How vivid culture affects the working performance of Barclays?
Brand identity will degrade
Overall working performance of an organisation will develop
No effect
4) Which factor restrict Barclays Bank business to enter business in different nation due
to globalisation?
Cultural factor
Currency fluctuations
Political factor
questionnaires method in order to gather and measure valuable Data.
Questionnaire:
It is defined as written paper which includes number of questions and is used by
researcher in order to acknowledge the respondent viewpoints. Therefore, a researcher takes into
consideration close ended questionnaire in order to gather viewpoints of respondents. Close
ended questionnaire is the one in which the respondent gives the view points by simply selecting
yes or no.
Sampling:
It is a statistical technique in which number of observation are being selected among net
population so as to draw the valid conclusion of total population. Thus, under the present
research 10 respondent of the Barclay Bank itself like customers, employees, management etc.
are selected.
Questionnaire
1) Do you know the term globalisation?
Yes
No
2) Does cultural, ethical and economical makes negative impact on business functions of
Barclays?
Yes
No
3) How vivid culture affects the working performance of Barclays?
Brand identity will degrade
Overall working performance of an organisation will develop
No effect
4) Which factor restrict Barclays Bank business to enter business in different nation due
to globalisation?
Cultural factor
Currency fluctuations
Political factor
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5) Mention the benefits which the Barclays Bank business can receive due to
globalisation?
Sales revenue will increase
Market share will increase
Overall profitability ratio will increase
6) Which resource must the Barclays Bank business must take into consideration while
operating business at a global level?
Human resources
Funds
Technology
7) Which aspects must be taken into consideration by Barclays Bank business while
operating business at an international level?
Customer preferences
Competitors strategy
8) Which barrier may exist while operating business at global level?
Shortage of funds
Lack of skilled labour
9) How the barrier can be removed in order to operate business at an international level?
Through research
By training staff
10) Recommend ways how can Barclays Bank business can expand business at global
level?
…................................................................................................................................................
Secondary research:
A researcher takes into consideration secondary research method too so as to manage
time and to save cost. As secondary research method is the process of collecting the Data
through different sources which are already being published. Thus, a researcher here takes into
consideration the help of books, journals, magazines, library etc.
Analysis and Interpretation
THEME 1
globalisation?
Sales revenue will increase
Market share will increase
Overall profitability ratio will increase
6) Which resource must the Barclays Bank business must take into consideration while
operating business at a global level?
Human resources
Funds
Technology
7) Which aspects must be taken into consideration by Barclays Bank business while
operating business at an international level?
Customer preferences
Competitors strategy
8) Which barrier may exist while operating business at global level?
Shortage of funds
Lack of skilled labour
9) How the barrier can be removed in order to operate business at an international level?
Through research
By training staff
10) Recommend ways how can Barclays Bank business can expand business at global
level?
…................................................................................................................................................
Secondary research:
A researcher takes into consideration secondary research method too so as to manage
time and to save cost. As secondary research method is the process of collecting the Data
through different sources which are already being published. Thus, a researcher here takes into
consideration the help of books, journals, magazines, library etc.
Analysis and Interpretation
THEME 1
1) Do you know the term globalisation? Frequency
Yes 9
No 1
Interpretation: Among 10 respondents, 9 respondents are very well known about the
concept of globalisation whereas the remaining 1 respondent doesn't know about the same
concept.
THEME 2
2) Does cultural, ethical and economical
makes negative impact on business functions
of Barclays?
Frequency
Yes 8
No 2
Yes No
0
5
10
15
20
25
30
35
40
45
45
5
Frequency
Yes 9
No 1
Interpretation: Among 10 respondents, 9 respondents are very well known about the
concept of globalisation whereas the remaining 1 respondent doesn't know about the same
concept.
THEME 2
2) Does cultural, ethical and economical
makes negative impact on business functions
of Barclays?
Frequency
Yes 8
No 2
Yes No
0
5
10
15
20
25
30
35
40
45
45
5
Frequency
Interpretation: Among 10 respondents, 8 respondents have clear views that political,
ethical and economical factors of globalisation makes positive impact on several functions of
business whereas the remaining 2 respondents doesn't think the same.
THEME 3
3) How vivid culture affects the working
performance of Barclays?
Frequency
Brand identity will degrade 2
Overall working performance of an
organisation will develop
7
No effect 1
Yes No
0
5
10
15
20
25
30
35
40
40
10
Frequency
ethical and economical factors of globalisation makes positive impact on several functions of
business whereas the remaining 2 respondents doesn't think the same.
THEME 3
3) How vivid culture affects the working
performance of Barclays?
Frequency
Brand identity will degrade 2
Overall working performance of an
organisation will develop
7
No effect 1
Yes No
0
5
10
15
20
25
30
35
40
40
10
Frequency
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Interpretation: Among 10 respondents, 2 respondents thinks different cultures degrade
the brand image of company if failed to understand whereas the remaining 7 and 1 respondents
thinks different cultures makes negative impact on the working performance of an organisation.
The remaining 1 respondents doesn't think the same.
THEME 4
4) Which factor restrict Barclays Bank
business to enter business in different
nation due to globalisation?
Frequency
Cultural factor 4
Currency fluctuation 4
Political factor 2
Brand identity will degrade
Overall working performance of an organisation will develop
No effect
0
5
10
15
20
25
30
35
40
45
5
42
3
Frequency
the brand image of company if failed to understand whereas the remaining 7 and 1 respondents
thinks different cultures makes negative impact on the working performance of an organisation.
The remaining 1 respondents doesn't think the same.
THEME 4
4) Which factor restrict Barclays Bank
business to enter business in different
nation due to globalisation?
Frequency
Cultural factor 4
Currency fluctuation 4
Political factor 2
Brand identity will degrade
Overall working performance of an organisation will develop
No effect
0
5
10
15
20
25
30
35
40
45
5
42
3
Frequency
Cultural factor Currency fluctuation Political factor
0
2
4
6
8
10
12
14
16
18
20
20
15 15
Frequency
Interpretation: Out of 10 respondents, 4 respondents thinks cultural factor may restrict
Barclays to expand its business at global level whereas the other 4 and 2 thinks that currency
fluctuations and political will be a major threat respectively.
THEME 5
5) Mention the benefits which the Barclays
Bank business can receive due to
globalisation?
Frequency
Sales revenue will increase 3
Market share will increase 4
Overall profitability ratio will increase 3
0
2
4
6
8
10
12
14
16
18
20
20
15 15
Frequency
Interpretation: Out of 10 respondents, 4 respondents thinks cultural factor may restrict
Barclays to expand its business at global level whereas the other 4 and 2 thinks that currency
fluctuations and political will be a major threat respectively.
THEME 5
5) Mention the benefits which the Barclays
Bank business can receive due to
globalisation?
Frequency
Sales revenue will increase 3
Market share will increase 4
Overall profitability ratio will increase 3
Interpretation: It can be interpreted that among 10 respondent 3 respondents thinks that
the benefits which the Barclays Bank business can receive due to globalisation is increase in
sales revenue will take place . Whereas 4 thinks company receives benefits in terms of increases
in market share and rest 3 thinks profits of company will be increased. Thus, overall it can be
concluded that while globalising its business at an international level company will earn more of
profit by increase its market share.
THEME 6
6) Which resource must the Barclays Bank
business must take into consideration while
operating business at a global level?
Frequency
Human resource 2
Funds 4
Technology 4
Sales revenue will increase
Market share will increase
Overall profitability ratio will increase
0
2
4
6
8
10
12
14
16
18
20
15
20
15
Frequency
the benefits which the Barclays Bank business can receive due to globalisation is increase in
sales revenue will take place . Whereas 4 thinks company receives benefits in terms of increases
in market share and rest 3 thinks profits of company will be increased. Thus, overall it can be
concluded that while globalising its business at an international level company will earn more of
profit by increase its market share.
THEME 6
6) Which resource must the Barclays Bank
business must take into consideration while
operating business at a global level?
Frequency
Human resource 2
Funds 4
Technology 4
Sales revenue will increase
Market share will increase
Overall profitability ratio will increase
0
2
4
6
8
10
12
14
16
18
20
15
20
15
Frequency
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Interpretation: Out of 10 respondents, 2 respondents thinks human resource plays an
important role in expansion of business whereas the other 4 thinks funds provides more support
in their expansion. The remaining 4 consider technology as most important resources.
THEME 7
7) Which aspects must be taken into
consideration by Barclays Bank business
while operating business at an international
level?
Frequency
Customer preferences 5
Competitors strategy 5
Human resource Funds Technology
0
2
4
6
8
10
12
14
16
18
20
10
20 20
Frequency
important role in expansion of business whereas the other 4 thinks funds provides more support
in their expansion. The remaining 4 consider technology as most important resources.
THEME 7
7) Which aspects must be taken into
consideration by Barclays Bank business
while operating business at an international
level?
Frequency
Customer preferences 5
Competitors strategy 5
Human resource Funds Technology
0
2
4
6
8
10
12
14
16
18
20
10
20 20
Frequency
Interpretation: It can be recommended that among 10 respondent, 5 of them specifies
that Barclays Bank business must take into consideration customer preferences while operating
business at global level so as to earn more of profit. Whereas rest 5 them specifies that
competitors strategy must take into consideration while operating at different nations.
THEME 8
8) Which barrier may exist while operating
business at global level?
Frequency
Shortage of funds 8
Lack of skilled labour 2
Customer preferences Competitors strategy
0
5
10
15
20
25
25 25
Frequency
that Barclays Bank business must take into consideration customer preferences while operating
business at global level so as to earn more of profit. Whereas rest 5 them specifies that
competitors strategy must take into consideration while operating at different nations.
THEME 8
8) Which barrier may exist while operating
business at global level?
Frequency
Shortage of funds 8
Lack of skilled labour 2
Customer preferences Competitors strategy
0
5
10
15
20
25
25 25
Frequency
Interpretation: It can be interpreted that 8 of the respondent thinks that shortage of
funds can exist as a barrier while operating at multinational level. Whereas, remaining 2 thinks
that lack of skilled labour can be a barrier even for Barclay Ban while operating its business at
global level. Thus it can be said that both the aspect will be more useful while making effective
project plan.
THEME 9
9) How the barrier can be overcome in
order to operate business at an international
level?
Frequency
Through research 5
By training staff 5
Shortage of funds Lack of skilled labour
0
5
10
15
20
25
30
35
40
40
10
Frequency
funds can exist as a barrier while operating at multinational level. Whereas, remaining 2 thinks
that lack of skilled labour can be a barrier even for Barclay Ban while operating its business at
global level. Thus it can be said that both the aspect will be more useful while making effective
project plan.
THEME 9
9) How the barrier can be overcome in
order to operate business at an international
level?
Frequency
Through research 5
By training staff 5
Shortage of funds Lack of skilled labour
0
5
10
15
20
25
30
35
40
40
10
Frequency
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Through research By training staff
0
5
10
15
20
25
30
30
20
Frequency
Interpretation: It is clearly seen from the above graph that there are different ways
through which the barriers at global level can be eliminated. Out of 10 respondents, there are 5
respondents who thinks gathering information related with market situations through conducting
research will be most suitable to adopt whereas the remaining 5 respondents thinks providing
training and learning classes to make their staff more capable will be beneficial to deal with risks
which can brings lots of difficulties towards an organisation in their expansion.
Recommendation on findings
After carefully analysis of above information, certain recommendation is being given to
Barclay Bank which will help the company to enhance its market share and profitability ratio to a
large extent at global level and they are specified below (Wells, 2014):
In order to increase the workforce capability and skills Barclay Bank must render training
session both on the job and off the job which will help them to overcome the barrier as
well which may take place while operating at global level.
Second recommendation can be given that through different sources Barclay Bank can
gather funds like through, Bank, shareholder funds etc. so as to overcome the shortage of
funds which may arise while operating at international level.
Third recommendation it can be given that Barclay Bank should take into consideration
customer preferences and as well as competitor’s strategy so that company can set up
0
5
10
15
20
25
30
30
20
Frequency
Interpretation: It is clearly seen from the above graph that there are different ways
through which the barriers at global level can be eliminated. Out of 10 respondents, there are 5
respondents who thinks gathering information related with market situations through conducting
research will be most suitable to adopt whereas the remaining 5 respondents thinks providing
training and learning classes to make their staff more capable will be beneficial to deal with risks
which can brings lots of difficulties towards an organisation in their expansion.
Recommendation on findings
After carefully analysis of above information, certain recommendation is being given to
Barclay Bank which will help the company to enhance its market share and profitability ratio to a
large extent at global level and they are specified below (Wells, 2014):
In order to increase the workforce capability and skills Barclay Bank must render training
session both on the job and off the job which will help them to overcome the barrier as
well which may take place while operating at global level.
Second recommendation can be given that through different sources Barclay Bank can
gather funds like through, Bank, shareholder funds etc. so as to overcome the shortage of
funds which may arise while operating at international level.
Third recommendation it can be given that Barclay Bank should take into consideration
customer preferences and as well as competitor’s strategy so that company can set up
their own policies accordingly. This will assist to attain their competitive advantage in
marketplace at global level.
Fourthly, it can be recommended that the HR of Barclay Bank must recruit and select
applicant from different nation by which it becomes simple to know about different
culture of different nation.
Fifth, recommendation is that Barclay Bank must go for in-depth research study so that
the changes in different cultural, political and technological factors can be analysed. It
will assist corporation to operate its business smoothly at global level.
Worth of conducting research to acquire mentioned objectives
This assignment is related with the impacts of different factors of globalisation such as
cultural, economic and ethical impact on a variety of production departments like Marketing,
Finance etc. within an organisation. So in order to analyse my aim I have carried out a research
analysis by taking into consideration John lewis company. Therefore I have faced many
problems while carrying out this research like lack of time and source. As well as I have face
communication problems too while carrying out this research. So in order to overcome such
issue I have to learn how to mange time effective so as to get work done on time for this I have
to schedule each task taking into consideration time period of completing each task so that the
project get completed on time. Moreover I order to overcome my communication weakness I
have to attend different group discussion programs in which people from different nation and
cultural background takes part so that I can easily communicate and understand the language of
the respondent from who the Data are collected. Thus improvement of such issue will help me to
accomplish my assignment and research on time without any delay.
CONCLUSION
It has been summarised from the above report that globalisation terms to be an essential
aspect as it helps in managing the business activities successfully. As globalisation is the process
of transferring of products, capital, human resources and technology from one nation to another.
In addition to this to carry out effective project plan it is essential to prepare accurate aims and
objectives of project as well as an organisation should also prepare work breakdown structure
and Gantt chart so that each employees accomplish there task on time. Moreover in the report
primary research method like questionnaire and thematic interpretation techniques is being
marketplace at global level.
Fourthly, it can be recommended that the HR of Barclay Bank must recruit and select
applicant from different nation by which it becomes simple to know about different
culture of different nation.
Fifth, recommendation is that Barclay Bank must go for in-depth research study so that
the changes in different cultural, political and technological factors can be analysed. It
will assist corporation to operate its business smoothly at global level.
Worth of conducting research to acquire mentioned objectives
This assignment is related with the impacts of different factors of globalisation such as
cultural, economic and ethical impact on a variety of production departments like Marketing,
Finance etc. within an organisation. So in order to analyse my aim I have carried out a research
analysis by taking into consideration John lewis company. Therefore I have faced many
problems while carrying out this research like lack of time and source. As well as I have face
communication problems too while carrying out this research. So in order to overcome such
issue I have to learn how to mange time effective so as to get work done on time for this I have
to schedule each task taking into consideration time period of completing each task so that the
project get completed on time. Moreover I order to overcome my communication weakness I
have to attend different group discussion programs in which people from different nation and
cultural background takes part so that I can easily communicate and understand the language of
the respondent from who the Data are collected. Thus improvement of such issue will help me to
accomplish my assignment and research on time without any delay.
CONCLUSION
It has been summarised from the above report that globalisation terms to be an essential
aspect as it helps in managing the business activities successfully. As globalisation is the process
of transferring of products, capital, human resources and technology from one nation to another.
In addition to this to carry out effective project plan it is essential to prepare accurate aims and
objectives of project as well as an organisation should also prepare work breakdown structure
and Gantt chart so that each employees accomplish there task on time. Moreover in the report
primary research method like questionnaire and thematic interpretation techniques is being
applied so as to draw valid and reliable information. Lastly a recommendation has been given to
company so that it can effectively enhance its market share at international level.
company so that it can effectively enhance its market share at international level.
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REFERENCES
Books and Journals
Ahmad, S. Z., Jabeen, F. and Khan, M., 2014. Entrepreneurs choice in business venture:
Motivations for choosing home-stay accommodation businesses in Peninsular Malaysia.
International Journal of Hospitality Management. 36. pp.31-40.
Ahmed, M., 2018. Foreign Capital Flows and Economic Growth: A Cross Country Panel
Analysis (Doctoral dissertation, Cardiff Metropolitan University).
Akehurst, G., Simarro, E. and Mas‐Tur, A., 2012. Women entrepreneurship in small service
firms: Motivations, barriers and performance. The Service Industries Journal. 32(15).
pp.2489-2505.
Bae, J., Rowley, C. and Sohn, T. W., 2012. Managing Korean business: Organization, culture,
human resources and change. Routledge.
Faruqi, S., 2015. Role of DFIs in Industrial Growth and Transformation How East Asian
Countries Succeeded and Pakistan did not?.
Hatten, T. S., 2015. Small business management: Entrepreneurship and beyond. Nelson
Education.
Miller, D., Steier, L. and Le Breton–Miller, I., 2016. What can scholars of entrepreneurship learn
from sound family businesses?.
Mitchelmore, S. and Rowley, J., 2013. Entrepreneurial competencies of women entrepreneurs
pursuing business growth. Journal of Small Business and Enterprise Development.
20(1). pp.125-142.
Pekuri, A., amd et. al., 2014. Managing value creation: the business model approach in
construction. International Journal of Business Innovation and Research. 8(1). pp.36-
51.
Ramadani, V., 2015. The woman entrepreneur in Albania: an exploratory study on motivation,
problems and success factors. Journal of Balkan and Near Eastern Studies. 17(2).
pp.204-221.
Sarasvathy, S. D., Menon, A. R. and Kuechle, G., 2013. Failing firms and successful
entrepreneurs: Serial entrepreneurship as a temporal portfolio. Small business
economics. 40(2). pp.417-434.
Schaper, M., 2016. Understanding the green entrepreneur. In Making Ecopreneurs (pp. 27-40).
Routledge.
Smith, W. K., Gonin, M. and Besharov, M. L., 2013. Managing social-business tensions: A
review and research agenda for social enterprise. Business Ethics Quarterly. 23(3).
pp.407-442.
Spender, J. C., 2014. Business strategy: Managing uncertainty, opportunity, and enterprise.
Oxford University Press.
Ucbasaran, D., Shepherd, D. A., Lockett, A. and Lyon, S. J., 2013. Life after business failure:
The process and consequences of business failure for entrepreneurs. Journal of
Management. 39(1). pp.163-202.
Wahab, M. A., Faruq, M. O. and Bank, B., 2012. A comprehensive study on capital market
developments in Bangladesh. Dhaka: Research Department, Bangladesh Bank.
Ward, J., 2016. Perpetuating the family business: 50 lessons learned from long lasting,
successful families in business. Springer.
Wells, S. J., 2014. Women entrepreneurs: Developing leadership for success. Routledge.
Books and Journals
Ahmad, S. Z., Jabeen, F. and Khan, M., 2014. Entrepreneurs choice in business venture:
Motivations for choosing home-stay accommodation businesses in Peninsular Malaysia.
International Journal of Hospitality Management. 36. pp.31-40.
Ahmed, M., 2018. Foreign Capital Flows and Economic Growth: A Cross Country Panel
Analysis (Doctoral dissertation, Cardiff Metropolitan University).
Akehurst, G., Simarro, E. and Mas‐Tur, A., 2012. Women entrepreneurship in small service
firms: Motivations, barriers and performance. The Service Industries Journal. 32(15).
pp.2489-2505.
Bae, J., Rowley, C. and Sohn, T. W., 2012. Managing Korean business: Organization, culture,
human resources and change. Routledge.
Faruqi, S., 2015. Role of DFIs in Industrial Growth and Transformation How East Asian
Countries Succeeded and Pakistan did not?.
Hatten, T. S., 2015. Small business management: Entrepreneurship and beyond. Nelson
Education.
Miller, D., Steier, L. and Le Breton–Miller, I., 2016. What can scholars of entrepreneurship learn
from sound family businesses?.
Mitchelmore, S. and Rowley, J., 2013. Entrepreneurial competencies of women entrepreneurs
pursuing business growth. Journal of Small Business and Enterprise Development.
20(1). pp.125-142.
Pekuri, A., amd et. al., 2014. Managing value creation: the business model approach in
construction. International Journal of Business Innovation and Research. 8(1). pp.36-
51.
Ramadani, V., 2015. The woman entrepreneur in Albania: an exploratory study on motivation,
problems and success factors. Journal of Balkan and Near Eastern Studies. 17(2).
pp.204-221.
Sarasvathy, S. D., Menon, A. R. and Kuechle, G., 2013. Failing firms and successful
entrepreneurs: Serial entrepreneurship as a temporal portfolio. Small business
economics. 40(2). pp.417-434.
Schaper, M., 2016. Understanding the green entrepreneur. In Making Ecopreneurs (pp. 27-40).
Routledge.
Smith, W. K., Gonin, M. and Besharov, M. L., 2013. Managing social-business tensions: A
review and research agenda for social enterprise. Business Ethics Quarterly. 23(3).
pp.407-442.
Spender, J. C., 2014. Business strategy: Managing uncertainty, opportunity, and enterprise.
Oxford University Press.
Ucbasaran, D., Shepherd, D. A., Lockett, A. and Lyon, S. J., 2013. Life after business failure:
The process and consequences of business failure for entrepreneurs. Journal of
Management. 39(1). pp.163-202.
Wahab, M. A., Faruq, M. O. and Bank, B., 2012. A comprehensive study on capital market
developments in Bangladesh. Dhaka: Research Department, Bangladesh Bank.
Ward, J., 2016. Perpetuating the family business: 50 lessons learned from long lasting,
successful families in business. Springer.
Wells, S. J., 2014. Women entrepreneurs: Developing leadership for success. Routledge.
Online
Primary Data Collection. 2019. [Online]. Available Through:
<https://dimewiki.worldBank.org/wiki/Primary_Data_Collection>.
Primary Data Collection. 2019. [Online]. Available Through:
<https://dimewiki.worldBank.org/wiki/Primary_Data_Collection>.
APPENDIX
Performance review and self-assessment
Learner Name
Project Title “To analyse the positive impact of cultural,
economical and ethical factors of globalisation
on different functional aspects of an
organisation”- A case study on British Telecom.
Important stage ◦ Background of researcher
◦ Aims and Objectives of the project
◦ Research plan
◦ Work Break down structure and Gantt
chart
◦ Research Methodology and Data
Collection
◦ Analysis and Interpretation
◦ Recommendation on findings
Key factors you learned from the
project
The present research project educates me about
the impacts of different factors of globalisation on
different business functions. This will enable me
to provide right direction to the organisations in
their decision of expansion.
What skills did you develop Focus on improving time management skill.
Performance review and self-assessment
Learner Name
Project Title “To analyse the positive impact of cultural,
economical and ethical factors of globalisation
on different functional aspects of an
organisation”- A case study on British Telecom.
Important stage ◦ Background of researcher
◦ Aims and Objectives of the project
◦ Research plan
◦ Work Break down structure and Gantt
chart
◦ Research Methodology and Data
Collection
◦ Analysis and Interpretation
◦ Recommendation on findings
Key factors you learned from the
project
The present research project educates me about
the impacts of different factors of globalisation on
different business functions. This will enable me
to provide right direction to the organisations in
their decision of expansion.
What skills did you develop Focus on improving time management skill.
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Discuss the project management skill
you developed
I have developed my research skill.
Project
Did the project achieve its aim:
yes
Was the Team efficient:
Yes
Did the project succeed:
Yes
Project logbook
Project Logbook
Name:
Project title: “To analyse the positive impact of cultural, economical and ethical factors
of globalisation on different functional aspects of an organisation”- A case study on British
Telecom.
Date:
Update on weekly research/tasks achieved
Points to consider:
you developed
I have developed my research skill.
Project
Did the project achieve its aim:
yes
Was the Team efficient:
Yes
Did the project succeed:
Yes
Project logbook
Project Logbook
Name:
Project title: “To analyse the positive impact of cultural, economical and ethical factors
of globalisation on different functional aspects of an organisation”- A case study on British
Telecom.
Date:
Update on weekly research/tasks achieved
Points to consider:
What have you completed?
I have analysed the positive impact of cultural, economical and ethical factors of
globalisation on different functional aspects of an organisation.I have conducted research
on the topic of “Analysis of positive impact of economical, ethical and cultural factors
arises under business environment on various functions of an organisation”.
Did you fulfil task requirements?
Yes
Are you on track and within deadlines set?
Yes
Did you need to make any changes to your project management plan?
Yes
Any risks and/or issues identified?
Points to consider:
Did you identify risks/issues with a lack of skills required for undertaking research/tasks?
Lack of language knowledge.
Did you identify any additional risks/issues that have an impact on the project
management plan?
No
I have analysed the positive impact of cultural, economical and ethical factors of
globalisation on different functional aspects of an organisation.I have conducted research
on the topic of “Analysis of positive impact of economical, ethical and cultural factors
arises under business environment on various functions of an organisation”.
Did you fulfil task requirements?
Yes
Are you on track and within deadlines set?
Yes
Did you need to make any changes to your project management plan?
Yes
Any risks and/or issues identified?
Points to consider:
Did you identify risks/issues with a lack of skills required for undertaking research/tasks?
Lack of language knowledge.
Did you identify any additional risks/issues that have an impact on the project
management plan?
No
Problems encountered
Points to consider:
What barriers
did you face?
Lack of time
How did you
overcome
them?
By scheduling
time for each
activity.
New ideas and change of project direction
Data collected from secondary sources can be useful.
What have I learnt about myself this week?
Points to consider:
How did I feel when I had to deal with tasks/problems?
Nervousness I felt when I have deal with tasks/problems
How well have I performed? What did I contribute? What can I improve on next week?
Satisfactory performance level.
How might this learning apply in the future?
By executing research activity.
Tasks planned for next week
Points to consider:
Have you set aside sufficient time for completion?
Points to consider:
What barriers
did you face?
Lack of time
How did you
overcome
them?
By scheduling
time for each
activity.
New ideas and change of project direction
Data collected from secondary sources can be useful.
What have I learnt about myself this week?
Points to consider:
How did I feel when I had to deal with tasks/problems?
Nervousness I felt when I have deal with tasks/problems
How well have I performed? What did I contribute? What can I improve on next week?
Satisfactory performance level.
How might this learning apply in the future?
By executing research activity.
Tasks planned for next week
Points to consider:
Have you set aside sufficient time for completion?
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Yes
Project plan status to date (on, ahead, behind)
Supervisor comments to address
Project plan status to date (on, ahead, behind)
Supervisor comments to address
1
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