The Effects of Globalization on Barclays Bank's Financial Services

This report examines the impact of globalization on Barclays Bank's financial services. It begins with an introduction, research aims, and objectives, followed by a detailed analysis of the effects of globalization on the bank. The research includes a survey with themes on globalization, its impact, positive outcomes (increase in customer base, revenue, and competitive advantage), and negative impacts (change in customer demand, increased competition, and legal barriers). The report concludes with recommendations for Barclays Bank, emphasizing the importance of market research and local employee hiring. The report provides a comprehensive overview of how globalization has shaped Barclays Bank's operations and offers actionable insights for future strategies. The report is available on Desklib, a platform for students to access past papers and solved assignments.

Research Project
“To identify the impact of globalization on
financial services of an organization”. A
study on Barclays Bank.

Cover Content
• Introduction
• Research aims
• Research objectives
• Findings
• Recommendation
• References

Introduction
Financial services is refers to as an economic services that are being offered by
several financial institutes in order to manage the fund effectively. This includes
credit union, accountancy company, banks, insurance companies, credit-cards
companies, consumer-finance companies, stock, brokerages and many more. The
main purpose behind conducting this project is to determine the impact that
globalization brings within financial sector and benefits that Barclays Bank get
after globalize its business practices

Research Aim
“To identify the impact of globalization on financial services of an organization”. A study
on Barclays Bank.

Research Objective
 To develop basic knowledge about the concept of globalization
 To identify the positive and negative impact of globalization on financial services on
Barclays Bank.
 To analyses the role of globalization in enhancing financial growth and development of
Barclays bank.
 To identify different ways through which Barclays Bank can easily overcome negative
impact of globalization

Findings
Theme 1:- The concept of globalization
Q1. Do you have an idea
regarding the concept of
globalisation?
Fre
qu
en
cy
a) Yes 30
b) No 10
a) Yes b) No
0
5
10
15
20
25
30
30
10
Frequency

Continue..
Theme 2:- Kind of impact that
globalisation have over Barclays Bank
Q2.As per your point of view
what kind of impact that
globalisation have over
Barclays Bank?
Frequency
a) Positive 25
b) Negative 15 a) Positive b) Negative
0
5
10
15
20
25
25
15
Frequency

Continue..
Theme 3:- The major positive outcomes
that Barclays Bank get after
globalisation its financial services
Q3. What are the major positive
outcomes that Barclays Bank get
after globalisation its financial
services?
Frequency
a) Increase in customer base 20
b) Increased in revenue 10
c) Achieving competitive advantage. 10
a) Increase in customer base
b) Increased in revenue
c) Achieving competitive advantage.
0
2
4
6
8
10
12
14
16
18
20
20
10 10
Frequency

Theme 4:- Negative impact of
globalization that Barclays Bank has
faced after globalizing its financial
services
Q4. What are negative impact of
globalisation that Barclays Bank
has faced after globalising of its
financial services ?
Frequency
a) Change in customer demand 20
b) Increase competition 10
c) Legal barriers 10 a) Change in customer demand
b) Increase competition
c) Legal barriers
0
2
4
6
8
10
12
14
16
18
20
20
10 10
Frequency

Recommendations
 Barclays bank must focuses toward performing a detailed market research
before entering into new market. This in turn support bank to learn about the
situation of particular country along with the opportunities as well as
challenges are present in new market.
 Another recommendation is that Barclays Bank must focuses toward hiring
the employees from the country in which it want to enter that support in
integrating the culture effectively and avoiding the risk of customer
expectation failure.

References
Aharoni, Y., 2014. Coalitions and Competition (Routledge Revivals): The
Globalization of Professional Business Services. Routledge.
Coker, C., 2014. Globalisation and Insecurity in the Twenty-first Century: NATO and
the Management of Risk. Routledge.