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UNIT 6 Managing A Successful Business Project PDF

   

Added on  2020-12-10

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UNIT 6 Managing ASuccessful BusinessProject

Table of ContentsINTRODUCTION...........................................................................................................................3Background of researcher...........................................................................................................4Aims and Objectives of the project.............................................................................................5Research plan..............................................................................................................................5Work Break down structure and Gantt chart...............................................................................9Research Methodology and Data Collection.............................................................................12Secondary research:..................................................................................................................14Analysis and Interpretation.......................................................................................................14Recommendation on findings...................................................................................................23CONCLUSION..............................................................................................................................24REFERENCES..............................................................................................................................26APPENDIX....................................................................................................................................28Performance review and self-assessment..................................................................................28Project logbook.........................................................................................................................29

INTRODUCTIONEssential element which should be considered by an organisation for attainingcompetitive 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 marketplaceis globalisation, as it is a process of transferring knowledge, ideas, workforce, and technologyfrom one nation to another. Barclays Bank is a financial & bank Service Company which is aBritish Multinational organisation headquartered in London. This file explains about theobjectives as well as aims of plan that is a research is being conducted on globalisation, andtheme which is used in this case is “Positive, economic, cultural, and ethical impacts ofglobalisation on different business functions within an organisation”. In addition to thisexamination plan have been made with assistance of Gantt chart as well as work break ownstructure. Lastly, a different type of Collection of data tools and research methodology is beingused in order to analyse and interpret the collected Data as well as recommendation on findingsis also being done in this report.Affirmative influence of globalisation to business within United KingdomAn activity that is concerned with transmission of knowledge, skills, workforce,technology and capital from one nation to another to increase business at multinational level isknown as globalisation (Ahmed, 2018). Therefore, there is certain optimistic blow of expansionwithin Barclays Bank in UK and they are ascertained below: Economic impact: One of the positive economic impact of globalisation for the BarclaysBank business in UK is that it has lead in the overall development of the businessfinancial stability. Moreover, overall economic growth is based on the organisationcontribution too as they generate huge tax payment to the government and create jobopportunities too for the individuals. Cultural impact: Barclays Bank business in UK to make an analysis of the differentcultural aspects and background of the people so that according to the culture of peoplean organisation can produce products. Moreover, avoidance of such cultural practice maygenerate a difficulty for Barclays Bank organisation to achieve a sustainable growthwhile operating a global level.Ethical impact: In order to operate business ethically in marketplace it is very muchessential for Barclays Bank business to carry out its different operational activities taking

into consideration rules and regulation framed by government authority. Additionally, itcan be said that if the business is carried out ethically at a global level then it will help increating positive impact of organisation in marketplace. Moreover, an organisationshould also convey the ethical laws to its employees so that each workforce carries outtheir respective task ethically which will also help in creating healthy relation with thecompany with which the company is dealing at an international level.Background of researcherA British multinational investment Bank as well as financial service firm, Barclays Bankand is headquartered within London. Moreover, apart from investment Bank Barclays hasorganised it business into four core sector, they are personal Banking, corporate Banking, wealthmanagement and investment management. Therefore, in order to further enhance its marketshare at global level Barclays Bank require support from different department of the businesswhich are specified below (Akehurst, Simarro and Mas‐Tur, 2012):1.Operations: In order to reduce the repetition of tasks Barclays Bank will need holdup from operation department for taking into consideration transaction with assistanceof different types of clients operating at a global level. Therefore, influencing newclients to make investment in their firm will involve in sustaining their operationaldepartment within business administration which will help in generating more ofrevenue for an organisation.2.Marketing: It is the department which help the Barclays Bank organisation increating awareness about their products and services to its final customers. Therefore,Barclays Bank can influence large customers when they are able to acquire morenumberof 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 entireformulation of an organisation. As the main responsibility lies upon HR itself, ashe/she is the one who have to recruit and selected talented and skilled workforce forthe organisation who can result in generating increase in sales revenue for thecompany.4.Accounting: It is the essential department for Barclays Bank organisation as withoutit a company cannot start its services at multinational ground.When business

transactions are carried out at global intensity will require lot of transaction to bedone which further must be recorded within accounts of business. Thus, all record ofBarclays Bank is being maintained in books of account which helps in assistingcompany about the expenses incurred while carrying out expansion of firm at globallevel.Aims and Objectives of projectAims:“To analyse the positive economic, cultural, and ethical impacts of globalisation ondifferent business functions within an organisation”- A case study on Barclays Bank. Objectives:To comprehend about basic notion of globalisationTo examine theaffirmative cultural, ethical and economic impacts of globalisation withreference to functions within an organisation.To scrutinize features influencing trade while carrying out operations within a globallevel.Research planProject Title“To analyse the positive economic, cultural, and ethical impacts ofglobalisation on different business functions within anorganisation”- A case study on Barclays Bank. Project PlanCompany Name:Barclays BankCostIt is the crucial aspect which both the researcher and theorganisation must take into consideration while making anappropriate project plan (Bae, Rowley and Sohn, 2012). As withouthaving sufficient amount of funds one cannot start up its firm easily.So from Barclays Bank with reference to amount obligatory to startbusiness at global level is 550000 pounds, whereas a researcher willrequire approx. 50000 pounds to conduct an effective research.

ScopeIt refers to the possibilities which an organisation can achieve afterreaching business at global level. Barclays Bank has wider scope asit render financial services all over the world which helps theorganisation to generate more of revenue for an organisation(Faruqi, 2015). Whereas research scope level is also term to bewider as identifying the impact of different factors of globalisationon various business functions help researcher in providing rightdirection to an organisation while expansion of their business.TimeTime is also an essential element which the Barclays Bank musttake into consideration, as completion of project on time will assistcorporation to create optimisticimage within marketplace. Ifcompletion of the project is not done on given time frame then itwill lead in increase in business cost (Hatten, 2015). Thus, as perBarclays Bank forecast the time taken to globalise its business is 6months, but as per investigator’sviewpoint time compulsory toconduct research is around 2.3 months (86days).QualityQuality is termed to be an another factor which Barclays Bank musttake into consideration while rendering services to its customers. Aspeople most prefer to take quality services so if the company willrender services as per customer preferences then it will help inmaximising the customer involvement within an organisation(Miller, Steier and Le Breton–Miller, 2016). Whereas as perresearch point of view, a researcher must take into considerationqualitative research that is primary research methods in order toachieve quality research.CommunicationIt is an another essential aspect which the Barclays Bank must takeinto consideration while making an effective project plan. As propercommunication will help in influencing customers towards their

services (Mitchelmore and Rowley, 2013). Thus, thecommunication tool adopted by Barclays Bank organisation in orderto make customer aware about the type of services the company isrendering are advertisement, banners, pamphlets etc. Whereas aresearcher will take into consideration different types of socialmedia like Facebook, magazines, journals etc. in order to collectvaluable information about the research topic.RiskRisk aspect is termed to be contingent in nature which is alwayspresent in business environment. Thus, it is essential for BarclaysBank organisation to analyse the risk factor which can affectbusiness activities. Risk can take place in any form in anorganisation like there may arise shortage of funds, lack of skilledworkforce etc. Whereas a researcher may also face risk as there mayarise unwillingness of respondents to give accurate and valuableviewpoints etc (Pekuri and et. al., 2014). which will result inrestricting the researcher to arrive at valid outcome. Thus, both themanagement and researcher should make appropriate plans andstrategies in order to overcome this risk factor which may restrictboth of them to come up with appropriate solutions.ResourcesIt is an another essential aspect which the organisation andresearcher should take into consideration while making anappropriate project plan so as to carry out business globally(Ramadani, 2015). Barclays Bank must utilise its resources likeemployees, funds, technology etc. so as to increase the profitabilityof an organisation. Whereas a researcher can use various sourceslike books, magazines, journals etc. so as to drive at valuable andvalid conclusion.Type of ResearchResearch can be defined as a detailed and careful analysis ofspecific problems, issues or concern by taking into consideration

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