Evaluating Globalisation's Effect on Barclays Bank: A Business Project

This report investigates the impact of globalisation on Barclays Bank, a multinational finance company. It begins with an introduction to globalisation and its relevance, followed by a project management plan outlining scope, risk management, quality control, resources, cost, communication, and time constraints. The report then details a work breakdown structure and a Gantt chart to visualize project timelines. The research methodology includes qualitative and quantitative approaches, primary and secondary data collection methods, and a questionnaire administered to 50 respondents. The research analysis presents findings based on the questionnaire responses, exploring respondents' understanding of globalisation and its impact on Barclays Bank. The report concludes with recommendations for Barclays Bank to expand into new markets and a reflection on the research process.

MANAGING A
SUCCESSFUL BUSINESS
PROJECT

INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Project aim and objectives......................................................................................................3
P2 Explain project management plan that includes cost, time, scope, communication, risk,
resources and quality .................................................................................................................4
P3 Explain work breakdown structure and Gantt chart...............................................................5
TASK 2 ..........................................................................................................................................8
P4 Carry out small scale research................................................................................................8
TASK 3..........................................................................................................................................11
P5 Research analysis..................................................................................................................11
P6 Recommendations for this research......................................................................................18
TASK 4..........................................................................................................................................19
P7 Reflection on the research....................................................................................................19
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................20

INTRODUCTION
Globalisation can be defined as process through which organisations can develop their
international interference on global scale. In other words, it gives advantage to companies or
individuals to wider operational activities in profitable manner (Cincera and Ravet, 2014). This
assignment is going to reveal the concept how globalisation affect functional activities of
organisations. For this purpose, Barclays Bank of UK is taken which operates its business in
more than 42 countries. It offers commercial and financial services to potential customers on
affordable interest rates. To analyse importance of globalisation, specific aims and objectives are
formulated to conduct am appropriate research. With this assistance, certain techniques of
research methodology have used to ascertain perception of users behind the same. Further
appropriate recommendations are given to open business into new emerging market.
TASK 1
P1 Project aim and objectives
Globalisation is considered primarily as economic process of integration and interaction
which are related with social and cultural aspects. It involves products or services, resources,
technology and more, to move business on global level (Baylis, Smith and Owens, 2017). In
general, concept of globalisation can be classified into four main aspects that are – trade and
transaction; adherence of knowledge; migration and outsourcing of employees; funds and
investment movements. In context with Barclays Bank, it is a British Multinational finance
company that headquartered in London, UK. Its business operations is categorised into- personal
and corporate banking, wealth and investment management. It has more than 80,000 employees
who give their for providing effective services to customers.
Topic: “To evaluate the impact of globalisation on functions of a company” A case study on
Barclays Bank.
Aim: “To ascertain the influence of Globalisation on functional activities of Barclays Bank”.
Objectives: The main objectives of this research are described as below:
 To evaluate the concept of globalisation.
 To analyse the influence of globalisation on operational functions of Barclays Bank.
 To identify the issues which occur in Barclays Bank after introducing business on global
scale.

 To recommend ways by Barclays can move business in new emerging countries.
Research question:
 What is the concept of globalisation?
 How globalisation influences operational functions of Barclays Bank?
 What are the issues occur in Barclays Bank after introducing business on global scale?
 What are the ways by which Barclays can move business in new emerging countries?
P2 Explain project management plan that includes cost, time, scope, communication, risk,
resources and quality
Project management plan can be defined as approved document for managing project
execution. It shows actions required for defining, preparing, integrating and coordinating the
entire activities of research (Liang, Ren and Sun, 2015). Thus, in order to analyse how certain
project has to be executed, monitored and controlled as well as closed in efficient manner. In this
regard, managers of Barclays Bank have prepared the following project management plan:- Scope of project: This concept upholds the scope of project that entails benefits a
company gain after attaining its aims and objectives. In context with present project, by
understanding the influence of globalisation on organisational performance, it can
develop better strategies (Nikolova, Kuporov and Rodionov, 2015). This would help in
getting positive impact of globalisation on operational functions and expand business on
global scale. Risk management: Since whatever strategies are made to execute a plan is not initiated
in exact manner. Therefore, it is compulsory for every project maker to make a proper
risk analysis plan and develop a risk log. It will suggest team-members what type of
actions they can take in case of discrepancy. This would help in managing risk and
reducing the chance of project failure also. Quality control: In order to enter into new emerging marketplace, Barclays are required
to concern on controlling and improving quality of services also (Curi, Lozano-Vivas and
Zelenyuk, 2015). By maintaining quality of project, managers gain advantage to achieve
success of business in highly efficient manner. Resource: This component describes resources required for executing the operations of
project plan. It requires sufficient amount of finance, labours, team-members, technology
and more.

 Cost: This component describes the requirement of finance for completing and executing
the research plan in appropriate manner (Turker and Altuntas, 2014) (Kumar, 2015). As
per present scenario, for attaining aims and objectives, researchers require near about
£400. Communication: It refers also main part of PMP where project makers are needed to
adopt effective communication technique. For example: By providing open
communication, team-members can share their ideas with each other for completing task
activities on time, in highly effective manner.
 Time: This component of project management plan describes time duration under which
entire activities will be completed. In context with present project, investigating team of
Barclays Bank requires four to five months.
Thus, all these components of PMP plan aid project makers of Barclays Bank in attaining
aims and objectives in pre-determined time more efficiently.
P3 Explain work breakdown structure and Gantt chart
Since it is difficult to complete and execute major operations of a project management plan
in given period. Therefore, researchers are used to adopt the concept of work breakdown
structure. This system helps in dividing major activities into small manageable parts so that
entire tasks will accomplish in successful manner (Rees and Smith, 2017).

Figure 1Work Break Down Structure, 2018
After dividing major activities into small segments, further researchers have used the
concept of Gantt Chart. It helps in framing each fragmented activity into a timeframe manner. As
per present case, the sub-activities of project management plan is shown in below Gantt Chart.
Here, form problem identification, researchers of Barclays will take near about two days. After
then, selection of suitable topic require maximum five days, setting aims and objectives need 7
days and 12 days for conducting literature review (Gopinath, Helpman and Rogoff, 2014).
Further for research methodology, at least 15 days are required and for data collection, analysis
and withdraw conclusion, 18 days, 20 days and 2 days are required respectively. At final stage,
for submission of project, one day is required.

TASK 2
P4 Carry out small scale research
For conducting an investigation report, project makers have used various research
methodologies to collect, organise and interpret the data (Hussain and et. al., 2015). It includes
research design, approaches, data collection method, qualitative and quantitative methods etc.
Concept of some of these techniques can be analysed in following manner:-
Qualitative research methodologies: this sort of Investigation consist with interpretation
or Collection of data through taking help of perception or the observation is being carried by
people. This method is majorly being implemented by the investigator when the research topic
stage related to behaviour, perception, belief of individuals. taking this investigation method into
consideration can help investigator in concluding or collecting information related to perceptions
that has been carried by people. It has been analysed that this kind of research is used when
there is a small number of respondents. Another benefit of using this method is that it is both
time and cost consuming.
Quantitative research methodologies: a method which is used by investigator when it
comes to discover conclusion in facts or numbers. Investigator utilizes this method and it consist
with ample number of mathematical formulas along with approaches related to stats. Variables
are the numerical values which are being carried out by this method stays mainly authenticated
and pulls out right results as per the requirements of the investigator. Questionnaire, surveys, et
cetera are some of methods which could be utilised by investigator considering qualitative
research method. With the help of this, investigator can easily resolve issues with the numerical
data in specific time frame.
For acquiring relevant information, researchers generally used primary and secondary
techniques of data collection:-
Primary data collection method: It is one of the best methods which provide original
information of a topic. Here investigators are required to conduct survey in own manner for
analysing the opinion of potential users. For this process, a researcher can used online and offline
survey, questionnaire and face to face interview etc. Thus, it would help in collecting reliable

information. But it requires much time and money for conducting investigation (Tseng and
Hung, 2014).
Secondary data collection method: This kind of source is generally used to conduct
literature review in a research. Here views and opinion of different authors are evaluated to
collect data on relevant topic. Such kind of information can be acquired through websites, books,
magazines, newspapers and more, where both published and unpublished data are presented. But
major disadvantage of secondary research is that it is hard to get specific data because on internet
sources, information of a topic is available on thousand of websites (Hair Jr and et. al., 2015).
Therefore, to obtain reliable information is such a difficult procedure.
Total Population: It is the total number of people which have responded when the research
is carried out. For this specific research, hundred respondents are considered and primary
research is carried out according to their responses.
Sample size: As it is impossible to include entire population while conducting an
investigation. Hence, the researcher can take a particular segment or sample of small people from
entire population. Sample size for this present research is 50.
Sampling method: It is stated as a technique through which sample respondents are
selected form entire population. Basically, there are three methods of sampling which offers
different manner to choose desired sample (Bamberger, Meshoulam and Biron, 2014). It
involves stratified, clustered and simple sampling method. From these methods, investigator of
this research have taken simple sampling technique where any individual can be considered as a
part of sample size
As per present scenario, managers of Barclays have used primary method for collecting
the data and analyse it in quantitative manner. For this purpose, 50 respondents are taken to
analyse the opinion of potential customers.
QUESTIONNAIRE
NAME:
AGE:
ADD:
GENDER:
MAIL ID:

Q1) Do you know the concept of globalisation?
 Yes
 No
Q2) Are your aware with impact of globalisation on company’s performance?
 Agree
 Disagree
Q3) Does globalisation help in improving economical situation of Barclays Bank?
 Yes
 No
Q4) What are the main advantages of globalisation for Barclays Bank?
 Enhance customer base
 Increase market share
 Outsourcing the employees
Q5) Does globalisation impact positively on functions of Barclays Bank?
 Yes
 No
Q6) What are the barriers of moving business on global level?
 Political Interference
 Economical Crises
 Social and Cultural influence
Q7) What are the ways to overcome from barriers to operate business in international market?
 Develop effective strategies and policies
 Investment in CSR activities
 Monitor political laws and legislations
Q8) Is it beneficial for Barclays Bank to adopt the concept of globalisation?
 Yes
 No
Q9) Are you satisfied with the services provided by Barclays Bank?
 Yes
 No
Q10). Provide suggestion to Barclays Bank in emerging into new marketplace...

TASK 3
P5 Research analysis
Theme 1: Globalisation is a wider concept
Q1) Do you know the concept of globalisation? Frequency
 Yes 32
 No 18
Interpretation: As per the above graph, it has been analysed that out of 50 respondents 32
appellants said that they know the concept of globalisation. As it benefit companies to interact
worldwide. With the help of globalisation it becomes easier for organisations to increase their
international trade. Whereas, 18 respondents did not know the concept of globalisation.
Theme 2: Globalisation creates a large impact on performance of organisation
Q2) Are your aware with impact osuman.sonif globalisation on company’s
performance?
Frequency
 Agree 28
 Disagree 22

Interpretation: As per the above mentioned, it has been analysed that, out of 50 respondents 28
appellants agree with the fact that globalisation create large impact on organisation performance.
As it helps in technological innovation and facilitates new technological development.
Globalisations help to increase economic output of a company. Whereas, 22 respondents
disagree with this fact and said that, Globalisation ruins local level of economies. It generate
negative competition environment. Also it develop threat to local economies.
Theme 3: Globalisation helps in developing economy of Barclays Bank
Q3) Does globalisation help in improving economical situation of Barclays
Bank?
Frequency
 Yes 40
 No 10