Analyzing Globalisation's Impacts on Barclays Bank Business Functions

This report examines the positive economic, cultural, and ethical impacts of globalisation on the business functions of Barclays Bank. The research explores how globalisation, defined as the transfer of knowledge, workforce, and technology, has influenced Barclays Bank's operations, marketing, HR, and accounting departments. The report highlights the economic benefits, such as financial stability and job creation, and the importance of cultural and ethical considerations for sustainable growth. It includes a background of the researcher, aims and objectives, a detailed research plan with a work breakdown structure and Gantt chart, research methodology, data collection methods, and analysis. The report also offers recommendations based on the findings and concludes with a performance review and project logbook, providing a comprehensive overview of the research and its implications for Barclays Bank's global expansion strategies.

UNIT 6 Managing A
Successful Business
Project

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
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

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

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

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

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.

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

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

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.

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