Barclays Bank: Positive Impacts of Globalization on Business Functions

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Positive economic, cultural and ethical impact of
globalisation on different business functions of Barclays
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Executive Summary
The report has outlined the overview of a project conducted to analyse the positive impact of
globalisation in terms of economic, ethical, and cultural aspects. It has included a project plan
covering project scope, limitation, aim, objectives, risk analysis, research strategy and others. By
applying primary data collection tools, major data have been collected. The findings have shown
the influence of globalisation on different functions of the organisation. The tools and techniques
used for conducting research have been evaluated.
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Table of Contents
Activity 1.........................................................................................................................................4
Activity 2.......................................................................................................................................12
Activity 3.......................................................................................................................................26
Conclusion.....................................................................................................................................27
Bibliography..................................................................................................................................28
Appendix........................................................................................................................................30
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Activity 1
P1 Devise project aims and objectives for a chosen scenario
Project Definition
A business project can be referred to the various activities carried out for coming up with
solution for a specific phenomenon or requirement (Quinlan et al., 2019). A proficient will be
developed for assessing and analysing the positive influence of globalisation on the organisation
named Barclays Plc that is based in the United Kingdom, in terms of economy, culture along
with ethics.
Problem Statement
It is very important for organisations to comprehend the requirements of the business project for
developing analytical and logical methods and processes that can be implemented in the course
of carrying out the project (Polonsky and Waller, 2018). The process of globalisation has
influenced organisations all across the world, particularly the business functions and business
operations. This process has also influenced the business functions and operations of the
company named Barclays Plc. Therefore, in order to come up with effective recommendations,
the positive ethical, cultural, as well as economic impact of globalisation on the various business
functions prevailing within the Barclays Plc will be assessed and analysed.
Project Strategy
In order to carry out this business project, various types of methodologies have been considered.
Concentrating on the scopes, available resources and the requirements of the project, appropriate
processes have been selected for executing and completing it. The processes that have been
selected for implementation in the business project are described as follows:
 A hundred employees from the Barclays Plc will be selected as respondents through non-
probability sampling for collecting accurate and relevant primary data through surveying
method, which will then be analysed through quantitative data analysis methods.
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 Three senior managers will also be selected from the Barclays Plc for gathering
authentic and appropriate primary data through interviewing methods, which will then be
analysed implementing qualitative data analysis methods.
Project Aim
This project aims at assessing the positive impact of globalisation on the organisation named
Barclays Plc in terms of economy, culture along with ethics.
Project Objectives
The objective of a project can be defined to as the desired outcomes or results that the business
project requires indicating towards its completion (Nicholas and Steyn, 2017). Different aspects
are considered while developing objectives of a business project, for instance substantial
purposes that require appropriate resources. The objectives of this business project are explained
as follows:
 To identify the significance of globalisation on business productivity and profitability
 To analyse the business functions within Barclays Plc most affected by globalisation
 To assess the positive implications of globalisation which can be utilised by Barclays Plc
for its profitability
 To evaluate the impact of globalisation that is positive in nature, on Barclays Plc in terms
of economy, culture and ethics
P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources
Specifications of Cost
Project activities Time period Required costs
per hour (£)
Overall sum
(£)
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Collection of accurate and
relevant primary data
360 hours 8 2880
Analysis of accurate and
relevant primary data
168 Hours 15 2520
Project Finalisation 72 Hours 10 720
Recognition of potential risks
and issues along with
development of suitable
solution
120 Hours 15 1800
Drafting of final Business
Project
72 Hours 10 720
Total cost = 8640
Table 1: Specifications of Cost
(Source: Created by the learner)
Project Scope
Project scope can be defined as a segment of project planning, which is inclusive of
determination and documentation of various aspects such as functions, aspects, tasks, and many
others (Muller, 2017). The scopes of this business project are discussed as follows:
Included Scope
The included scopes of this business project is inclusive of all the positive information collected
and analysed regarding the positive ethical, economic, as well as cultural impact of globalisation
on the business functions of the Barclays Plc.
Excluded Scope
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Any kind of information collected and analysed about the negative ethical, cultural, as well as
economic influence of globalisation on the functions of the business of the Barclays Plc will be
excluded from the business project.
Quality Management
Assurance of quality is necessary for addressing the requirements of the business project in order
to provide the Barclays Plc with relevant information and appropriate recommendations. The
business project will be carried out by maintaining an excellent quality by executing all the
crucial activities in an efficient way. Suitable methodologies have been selected for
implementation, and a work break down structure will be followed to assess the crucial activities.
Additionally, the progression of the business project will be evaluated in the course of time to
check if the project outcomes are aligning with the aim and objectives.
Deliverables
The business project will focus on identifying the positive ethical, cultural, and economic
influence of globalisation on the functions of the business of the Barclays Plc. Thus, primary
data will be collected on the related areas of the selected topic, which will then be analysed
through quantitative and qualitative methods. After the completion of the analysis, suitable
recommendations will be provided to the Barclays Plc for utilising the positive influences in an
effectual manner.
Plan of Communication
What Who When Why How
Collection of
authentic and
relevant data
from a
hundred
respondents
from the
Barclays Plc
One hundred
employees of
the Barclays
Plc selected
through non –
probability
sampling
During the initial
stage of the
business project
after the
development of
project
management
plan
For collecting
authentic and
relevant data on
the positive
cultural, ethical
and economic
impact of
globalisation on
A survey will be
conducted with
the selected
respondents, with
the assistance of
questionnaires
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Barclays Plc
Collection of
Proper and
reliable data
from the three
senior
managers of
the Barclays
Plc
Three senior
managers of the
Barclays Plc
During the initial
stage of the
business project
after conducting
the survey with
the selected
respondents
For collecting
authentic and
relevant data on
the positive
cultural, ethical
and economic
impact of
globalisation on
Barclays Plc
Face – to – face
interviews will
be carried out
with the senior
managers
Analysis of the
primary data
collected form
the employees
and senior
managers of
the Barclays
Plc
The business
project
manager along
with the project
team liable for
carrying out the
different
activities
After completing
the primary data
collection
method through
surveying and
interview
For analysing the
primary data,
which has been
collected
The collected
data will be
analysed with the
assistance of
quantitative as
well as
qualitative data
analysis methods
Finalisation of
the Business
Project
The business
project
manager along
with the project
team liable for
carrying out the
different
activities
Towards the end
of the project,
prior to
developing the
ultimate draft for
submission.
For developing a
successful
business project,
which will
accomplish the
predetermined
aim and
objectives
Drafting the
positive impact
of globalisation
identified from
the analysis
Table 2: Plan of Communication
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(Source: Created by the learner)
Register of Risks
Serial
Number
Identification
of Potential
Risks
Risk
Nature
Impact
Level
Influence on
the Business
Project
Measures to
mitigate the
Identified Risks
1 Collection of
inaccurate and
irrelevant data
High High The outcomes
of the business
project will not
align with the
aim and
objectives
The project
manager should
provide training to
the project team
members prior to
beginning of the
business project
2 Unprofessional
conduct of the
collected data
High High The
finalisation of
the business
project will be
delayed
The team members
has to agree upon a
particular method to
safeguard the
collected data
3 Improper
analysis of the
collected data
High High The outcomes
of the business
project will not
align with the
aim and
objectives
The project
manager should
provide training to
the project team
members prior to
beginning of the
business project
4 Crisis in the
allocated
financial
resources
Medium Medium The
finalisation of
the business
project will be
The allocated
budget should be
divided properly
prior to beginning
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delayed of the business
project
Table 3: Register of Risks
(Source: Created by the learner)
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion
Work Breakdown Structure
Serial
Number
Activities of the Project Start Date Duration End Date
1 Selecting the topic of the project 02/11/2019 4 02/15/2019
1.1 Developing business project aim 02/11/2019 2 02/13/2019
1.2 Developing business project objectives 02/13/2019 1 02/14/2019
1.3 Identifying the scopes of the business project 02/14/2019 1 02/15/2019
2 Selection of appropriate methodology 02/15/2019 2 02/17/2019
3 Collecting primary data 02/17/2019 15 03/04/2019
3.1 Developing the questionnaires and interview
questions
02/17/2019 3 02/20/2019
3.2 Conducting survey with the selected
respondents
02/20/2019 6 02/26/2019
3.3 Conducting interview with the selected senior
managers
02/26/2019 6 03/04/2019
4 Analysing the collected data 03/04/2019 7 03/11/2019
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Analysing the data collected by surveying
through quantitative methods
03/04/2019 4 03/08/2019
Analysing the data collected by interviewing
through qualitative methods
03/08/2019 3 03/11/2019
5 Concluding the project with providing
recommendations
03/11/2019 5 03/16/2019
Revising the final draft 03/11/2019 3 03/14/2019
Developing the recommendation 03/14/2019 2 03/16/2019
6 Submission of the Project 03/16/2019 2 03/16/2019
Table 4: Work Breakdown Structure
(Source: Created by the learner)
Gantt chart
Selecting the topic of the project
Selection of appropriate methodology
Collecting primary data
Analysing the collected data
Concluding the project with providing
recommendations
Submission of the Project
2/11 2/16 2/21 2/26 3/3 3/8 3/13 3/18 3/23
Figure 1: Gantt chart
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(Source: created by the learner)
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