Analysing Globalisation's Impacts on Barclays Plc's Business Functions

This report analyzes the positive economic, cultural, and ethical impacts of globalisation on Barclays Plc, a UK-based multinational financial services company. The introduction defines globalisation and highlights its role in business expansion. The report focuses on Barclays Plc's operations, marketing, HR, and accounting functions, examining how globalisation affects each. It includes a research plan outlining the project's scope, cost, time frame, and methodologies, including primary and secondary data collection methods like questionnaires and literature reviews. A work breakdown structure and Gantt chart are used to organize and schedule the project activities. The research methodology involves both primary and secondary data collection, with questionnaires used to gather primary data. The report aims to determine the positive impacts of globalisation on various business functions within Barclays Plc, providing recommendations and conclusions based on the research findings. The report also covers the aims and objectives, project plan, work breakdown structure, research methodologies, data collection, and analysis and interpretation.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
Background of the Research...................................................................................................1
Research Plan.........................................................................................................................3
Work Breakdown structure for the Project.............................................................................5
Research Methodology and Data collection...........................................................................8
Analysis and Interpretation...................................................................................................10
Recommendation on findings...............................................................................................19
Conclusion to the research....................................................................................................20
REFERENCES..............................................................................................................................21
APPENDIX....................................................................................................................................24

Topic: “What are the positive economic, cultural, and ethical impacts of globalisation on
different business functions within an organisation”.
INTRODUCTION
Globalisation is a wider concept which interconnects two nations through a trading of
business. Every organisation has a dream to achieve strong brand identity at global level and for
this management put their maximum efforts in reaching its business functions to another nation.
Globalisation increases competition in market which drives every organisation to bring
something innovative for their targeted customers to achieve huge sustainability. Barclays Plc, a
UK-based multinational company which is engaged in providing financial services throughout
UK is selected for the purpose of preparing this report. It mainly performs four basic functions
which includes corporate banking, personal banking, investment and wealth management. The
project report includes aims and objectives along with an appropriate project management plan.
The project also discusses Work break-down structure and Gantt chart, research methodologies
and data collection, analysis and interpretation along with a valid recommendation.
Positive impact of Globalisation in general to the businesses in the UK
Expansion of business makes positive economic, cultural and ethical impacts on various
business functions which are briefly described as under:
Economic impact: Expansion of business into other nations makes positive impact on
growth of GDP as it generates huge employment opportunities, payment of huge taxes to
government of operated nations (Baylis, Smith and Owens, 2017).
Cultural impact: An organisation employs large number of employees having different
cultures and backgrounds which contributes maximum efforts in globalising the business through
educating them about meeting the needs and preferences of people of different culture. It
increases the chances of successful expansion of business.
Ethical impact: It is related with norms, beliefs and rules which should be followed by an
organisation along with its employees during an expansion so as to prevent any legal issues or
penalties. It supports them in expansion of business at global level.
Background of the Research
Barclays Plc is multinational company which is engaged in providing financial services
throughout the UK through performing four basic functions such as Personal banking, corporate
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banking, wealth and investment management. It came into existence in the year 1690 and its
headquartered is located in London. It operates its business functions in more than 40 nations
with having approx. 85,000 employees. Now, the company has made decisions regarding its
further expansion to other nation in order to achieve huge market growth and customer base
(Boserup, Tan and Toulmin, 2013). But before executing such decision, it is important for
management to analyse the overall positive impact of globalisation on different functions of
business which includes marketing, operation, HR and Accounting. It is briefly explained as
below:
Operations: Expansion of business requires dealing with external clients and making
them loyal towards business through serving well for the requirements they approach. This
requires support from operation unit who is responsible to deal with clients on daily basis with
more effective and efficient manner.
Marketing: Sustainability of business into new nation is quite difficult unless the people
are aware about their entrance in their market which can be possible through taking support from
marketing department. It can influences the decisions of people in favourable of Barclays Plc by
attracting them by lowering their interest rates which is not currently provided by any other
banks (Chen and Tsou, 2012).
Human resource: Expansion of business requires efforts of maximum workforce who
are having sufficient skills and knowledge about understanding of new market. This will be
supported by HR department who is responsible to conduct recruitment programs and select
employees having different culture and background.
Accounting: While globalising the business, Barclays Plc has required to make various
transactions which needed to be recorded in the books of accounts so as to identify actual
expenses and income of business. This will be done by accounting manager who brings valuable
information to company about whether expansion brings profitable outcome or not (Crane and
Matten, 2016).
Aims of the Project: “To analyse the positive economic, cultural and ethical impact of
globalisation on various functions of an organisation”- A case study on Barclays Plc.
Objectives:
 To determine the term globalisation
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 To evaluate the positive economic, cultural and ethical impact of globalisation on various
business functions of Barclays Plc.
 To determine the relationship between globalisation and business functions of Barclays
Plc.
Research Plan
Project Title “What are the positive economic, cultural, and ethical
impacts of globalisation on different business
functions within an organisation”.
Project Plan
Company Name: Barclays Plc
Cost The profitability of business project is very much
dependent on the overall cost utilised in execution of
specific project activities. Therefore, it is required for
Barclays Plc to utilise funds in an optimum manner
which can be possible through preparing cash budget in
advance. Cost of conducting research has been
estimated around 50000 pound and the project cost will
be around 35000 pounds..
Scope Barclays Plc is operated at global level which decides
to expand its business operations to another nation. It
already attained strong brand identity due to which the
scope of its business project is very much wider.
Time Business environment is complex and contingent in
nature which creates competitive market opportunities
on timely basis. Thus, to achieve such opportunity it is
important for management of Barclays Plc to set time
period for its business project which increases
motivation among employees as well to work hard and
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complete the allotted task as quickly as possible.
Quality Quality is an essential aspect which guaranteed growth
and success in desired business project. Thus, it is
important for management of Barclays Plc to conduct
training and learning programs for its staff to enhance
their quality of work and increases the contribution
towards execution of project activities in a desired way.
Communication It is essential to bring motivation among employees and
guide them to perform in right direction so as to
achieve better possible result. For this, management of
Barclays Plc should remove communication gap among
their staff and allows them to ask anything related with
the project activities more freely. It creates better
relationship between both of them as well as enhance
their overall performance.
Risk Risk is related with different aspects such as time, cost,
technology etc. which can adversely affect the desired
outcomes of company. Thus, to analyse them properly
through conducting research makes company more
capable to deal with future uncertainties and risk
factors.
Resources It includes manpower, funds, technologies etc. which
brings confidence among employees to complete its
allotted task in desired way. Thus, before starting the
project, all departments of Barclays Plc must ensure
about availability of resources for the future business
project.
Type of Research
Primary and Secondary Primary: Under this research, only fresh information is
collected through primary sources such as
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Quality and Quantity
questionnaire, surveys, interviews etc. Due to high
accuracy and credibility of gathered data, the chances
of getting profitable outcomes will be more.
Secondary: Under this, second-hand information is
taken into consideration which is gathered by
secondary sources such as books, articles, newspapers
etc. It is less reliable and credible but takes less time
and efforts thus may adopt such method if researcher
have limited time period to carry out the research
activities.
Qualitative: Under this research, the information which
is of qualitative in nature is taken into consideration
only. Such information is collected through getting
knowledge about an insight of people so as to
understand their views, and options regarding their
research topic.
Quantitative: It is less adopted research method in
which the information is gathered by interpreting the
data presented in statistical and numerical form. As it is
difficult to interpret thus the chances of getting accurate
information will be very low.
Work Breakdown structure for the Project
Work Breakdown structure (WBS) is an effective way of organising work into
manageable sections so as to make easy for employees to understand about their roles and
responsibilities in an effective and efficient manner. It makes project activities more simple and
understandable which brings motivation among employees to work hard and give their best to
execute allotted task in desired way. Project Management Body of Knowledge (PMBOK 5)
describes work breakdown structure as the hierarchical decomposition of total scope of work
done by the team members of project in order to achieve desired goals and objectives (Falguera,
Aliguer and Falguera, 2012).
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Develop a Basic Gantt chart:
Gantt chart is introduced in the year 1917 by Hnery L. Gantt who is well known engineer
and social scientist. It is represented in graphical chart which indicates an appropriate schedule
related with execution of desired project activities. It enables project manager to make suitable
plans, coordination and track each specific activity so as to determine whether execution is done
in desired way or not. It identify the actual position of project activities which drives project
manager to motivate its team members to work hard and complete allotted task within pre-
determined time period (Furlong 2013).
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Research Methodology and Data collection
Research Methodology: It is an activity or a procedure which is used to identify select,
process and evaluate the information about the research topic which allows researcher to make a
valid conclusion at the end of research. There are two analysis methods which includes
theoretical and systematic that to be taken into consideration while carrying out an effective
research (Primary source and secondary source, 2018).
Data collection: A valid conclusion can be drawn on the basis of data which can be
gathered through using various collection methods of data such as primary and secondary.
Primary data is more reliable and accurate data but takes more time and efforts. On the other
hand, secondary data is less accurate and credible but takes less time and efforts. In the present
research, both these data has been gathered in order to make easy for researcher to draw a valid
conclusion at the end of research. To collect primary data, Questionnaire has been opted as a tool
whereas while collecting secondary data articles published by different authors are selected
(Research Methodology, 2018).
Questionnaire: It is considered as an effective technique to identify the actual views and
perceptions of people towards the topic of research. It contains list of relevant questions that to
be asked to the respondents in order to draw a valid conclusion at the end of research.
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Questionnaire
Name:
Age:
Gender:
Q1) Does you know about the term globalisation?
A) Yes
B) No
Q2) What are the major advantages Barclays Plc received after globalising their
business?
A) Growth in market share
B) Optimum utilisation of resources
C) Maintaining relationship between banks
Q3) What restricts Barclays Plc to expand its business operation to other nations?
A) Distinct diversity exposure
B) Rise in cost of operations
C) Distinct tax policies
Q4) Which business functions affect most by the decision of globalising the business of
Barclays Plc?
A) Operations
B) Marketing
C) Human resource
Q5) Determine the role of marketing in expansion of bank operations of Barclays Plc?
A) Awareness of services
B) Benefits to society
C) Environmental preservation
Q6) Which factors facilitates Barclays Plc to achieve competitive advantage in new
nation?
A) Technological factors
B) Huge amount of capital
C) New and unique ideas and skills of foreign employees
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