Project Report: Barclays Bank and Globalisation (Unit 6)

This report, prepared by a student, examines the positive economic, cultural, and ethical impacts of globalisation on various departments within Barclays Bank, focusing on marketing and human resources. The report begins with an introduction outlining the project's aims and objectives, followed by an overview of the research plan, including project management strategies, a Work Breakdown Structure (WBS), and a Gantt chart for project scheduling. The student then details the research methods employed, including both primary and secondary research approaches. The analysis section presents and interprets the collected data, leading to specific recommendations and suggestions for Barclays Bank to leverage globalisation effectively. The report concludes with a reflection on the research process and a self-assessment of the student's performance, all aimed at understanding how globalisation can be harnessed for business growth and success. The report also covers the cost and time required to complete the project, as well as the scope of the project and the risks involved.

Unit 6
Managing a Successful
Business Project
Student Name: Nicoleta Balan

Table of Contents
INTRODUCTION...........................................................................................................................1
WRITE ABOUT FOLLOWING :..................................................................................................1
OVERVIEW ABOUT RESEARCH ..............................................................................................1
OBJECTIVES AND AIM................................................................................................................3
P 1 Aims and objectives of project..............................................................................................3
Aims associated to report.............................................................................................................3
RESEARCH PLAN .......................................................................................................................3
P 2 Project management plan ......................................................................................................3
P 3 WBS & Gantt chart ...............................................................................................................7
WBS AND A GANTT CHART......................................................................................................7
P4 Carry out research using research methods ....................................................................13
SECONDARY RESEARCH........................................................................................................14
P 5 Analyse research data .........................................................................................................15
ANALYSE RESEARCH AND INTERPRETATION..................................................................15
P 6 & P 7 Recommendations ....................................................................................................24
RECOMMENDATIONS ..............................................................................................................24
REFLECTION...............................................................................................................................25
RECOMMENDATIONS AND SUGGESTIONS.........................................................................25
CONCLUSION .............................................................................................................................26
REFERENCES..............................................................................................................................27
PERFORMANCE REVIEW AND SELF-ASSESSMENT.........................................................29

Topic – Positive economic, cultural and ethical importance of globalisation on all departments “
In the case of Barclays Bank”
INTRODUCTION
To manage a successful business project, it is necessary to do planning for the future
growth. With the help of globalisation an organisation can expand its business at global level and
manage its business project successfully. To better understand this concept Barclays Bank has
selected from London, UK. This present report talks about various topics which are : to
accomplish the targets which is help in context to globalisation, different types of research
methods and provide a meaningful conclusion drawn from the findings which help the company
to achieve the objectives and aims.
P 1 Aims and objectives of project
Overview of the project :
Barclays Bank has incorporated in UK which mainly provide the financial services to the
consumers. There are mainly four core business of organisation such as : personal banking,
investment management, wealth management and corporate banking. Corporation can expand its
business at distinct nations across the globe so that its market reach will increase. With the help
of globalisation company can maximize its share in the market and with the help of effective
marketing corporation can increase its business operations at different countries and generates
higher profits. So it is necessary for the company to establish appropriate objectives and aims so
that its goals and targets can be accomplish.
Background of the project
Economic Impact : Globalisation can positively impact the economy of UK and it
provides help to expand the business at multinational level. As a result, business can generate
more revenues. Economic conditions are different from nation to nation so it is important to
analyse it so that bring positive impact for the company.
Cultural Impact : Globalisation provides help to analyse the culture of distinct nations
across the globe which is helpful for business growth and success. Different countries has
distinct culture which are based on the tradition so if organisation properly analyse than it can
expand its business as a result market share can be expand and profits can be maximized.
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Ethical Impact : Due to the globalisation a business is able to follow the ethics which
are required to follow for the growth of business. There are various regulations, policies and laws
which are associated with ethics and by following it an organisation can perform its business
activities effectively (Fisher, 2011). By globalisation company can understand the ethics which
are differ from country to country. If Barclays Bank analyse it than market share can be expand
which is a positive sign for the organisation.
Positive impacts of Globalization in different functioning such as marketing, accounting and
human resource management as well as on operations.
Marketing: For an organisation it is essential to increase its reach in the market and with
the help of appropriate strategy company can grab share in the market. It helps to aware the
persons about the products and services of corporation and its marketing functions of business
can be enhanced. As a result, organisation can grab more market share. (Aarseth and Andersen,
2013).
Accounting:Accounting function has performed by an accountant and its helps the
organisation to know its financial position. On the basis of financial information Barclays Bank
can plans for future expansion and investment strategy. Functions of accounting department can
improve and all financial transactions can be done in effective manner.
Human resource: Human recourse department of organisation provides helps the
company by recruiting most desirable and suitable candidates. As a result efficiency and
productivity can be enhanced which help the Barclays Bank to achieve its targets on time. It can
impact the all functions of organisation in effective manner as a result efficiency and
productivity can be enhanced.
Operational functioning: Globalisation provides help to enhance operational
functioning of an organisation. So that all plans can be executed which supports the objectives
and goals of corporation. Operational department can perform its functions properly as a result
efficiency can be improve.
Research aim
Main aim of project is “To analyse the influence of globalisation upon different functions
in context to Barclays Bank. As a result, business and profits can maximize.
Objectives of report -
 To understand and examine the concept of Globalisation.
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 To determine the impact of globalisation upon finance sector of Barclays Bank. To assess and examine how financial sector could help Barclays Bank in performing
business at global level.
Research Questions
 Are you have knowledge about the concept of Globalisation?
 What are the impact of globalisation upon finance sector of Barclays Bank?
 How financial sector could help Barclays Bank in performing business at global level?
P 2 Project management plan
Plan for research can make on document that involves different activities such as : time,
scope, risk. Research plan is developed so that targets can accomplish. To fulfil the aims of
project management plan manager of Barclays Bank has delegated roles as per the skills,
knowledge and abilities of the employees. As a result, targets can be accomplish effectively.
In present context, where the topic is to analyse the impact of positive economic, cultural
and ethical value of globalisation on marketing and HR, “In the case of Barclays Bank”, where
the project manager has taken a plan into consideration, which is mentioned underneath:
Initiating: This is being considered as the first stage, where researcher has developed a
particular aim and objectives on the chosen topic, which will aid in pulling out favourable
outcomes in specified time frame.
Planning: Another crucial stage, where once researcher prepared both objectives and
aim, it directly may lead investigator in planning different sorts of things like what resources are
required and what research is required to be conducted.
Executing: This stage is basically related with the overall execution of a particular
investigating topic, where the plan that has been developed in being executed in regards to the
chosen topic,
Monitoring and Controlling: It is the stage where each and every activity performed
while conducting the research is being monitored by them. In addition to this, in this step it is
essential to control and monitor every task, so that they will be able to complete this research in
an effective manner and within given time frame.
Closing: This is the last stage where each and every activity comes to an end. It is
required by the researcher to complete every task within specific time frame and in effective
manner.
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Report Title Positive economic, cultural and ethical value of
globalisation on marketing and HR, “ In the
case of Barclays Bank”
Organisation Barclays Bank
Cost Cost is important part of project management
plan which helps researcher to complete each
activities of project in systematic manner. For
expansion of business at global level there are
huge investment is necessary. Because to set
up infrastructure, machines and hire new staffs
more amount is required. It is essential for an
organisation to analyse the cost of a project so
that unnecessary expenditures can be reduce.
It is also very essential to create a plan or
written document in advance so that they will
be able to analyse the overall cost required to
complete the project effectively. By digital
revolution cost can be minimise and profits can
be maximize. Cost of research can be around £
750.(Boniface, 2013).
Time Time is another essential part of project that
helps researcher to complete each activities or
tasks within given time duration. It is
necessary to accomplish the project at peculiar
time period. Efficiency can be reflect when
project has completed at stipulated time frame.
Barclays Bank always motivates their
employees to complete the work on time which
is helpful to accomplish the targets effectively.
It provides help to increase the efficiency and
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productivity which help the corporation to
fulfil its goals. In order to conduct the research
in an effective manner, researcher required
sufficient time period. Research can be done
within 6 months and time taken for
globalisation can be around 5 years. (Drucker,
2012).
Scope Organisation have a wider scope to expand its
business at global level so that its market share
can increase, and company will able to
generates more profits. Barclays Bank can
open its branches at various countries as a
result market share can be enhanced which
help the corporation to maximize its profits. It
helps the organisation to take the benefit of
globalisation. The present research have wide
scope which assist in attaining organisational
goals and objectives. Scope in context to
globalisation is that organisation can cover
those areas which are still untapped. Scope in
context to research is that aims and objectives
can be frame more effectively. (Duffield and
Whitty, 2015).
Quality Quality is essential for researcher as well as
organisation also. With the assist of quality,
researcher become able to complete
investigation systematically. To provide
quality service is the aim of an organisation so
that it can attract the consumers .Barclays Bank
always try to provide quality and fast delivery
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of services to their consumer so their needs can
be satisfy as a result more number of persons
can attract towards the corporation. It is
essential to maintain the quality of research, so
that they will be able to take advantages at the
competitive marketplace. It provides the help
to take the advantage of globalisation. Quality
in context to globalisation is that organisation
can emphasis to provide more superior
products. Research can be done more
effectively so that quality work can be produce.
Communication For an effective output better communication is
essential and all the members of marketing and
human resource department of organisation are
able to communicate relevant information and
data. As a result, work can be done in effective
manner and which help to maximize the
efficiency and productivity. So it is helpful to
the Barclays Bank to achieve its objectives on
time and expand its share at global market. For
conducting this research in an effective
manner, it is essential for the researcher to
communicate every detail in an effective
manner. Organisation can use both written and
oral communication in the process of
globalisation. In research, researcher can
improve its verbal and non-verbal
communication so that objectives can be
achieve in effective manner.
Risk It can be seen in almost every type of business
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but it can be higher or lower which depends
upon the nature and size of business (Liu and
Gong, 2013). Marketing department of
Barclays Bank takes risk so that company can
grab more share in the market and its revenue
can be increase. In context to globalisation
organisation face the risk of financial losses. In
context to research risk is that objectives can
be fulfil timely or not.
Type of research
Primary & secondary
There are two types of research such as:
Primary : Researcher collect data through
direct sources which are : online survey, direct
interview etc.
Secondary : Researcher collect data from
secondary sources such as : newspapers,
article, journals etc.
Qualitative research : This type of research is
based on theoretical information in which
researcher gathers information through various
sources. It is conducted so to know the resent
market trend.
Quantitative research : These kind of
research are based on numerical information in
which mathematical and statistical format used
to gathering information. It helps to know
market demand, taste and preference of
consumers.
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P 3 WBS & Gantt chart
In work breakdown structure project is segregated into small elements as per the
suitability. This chart has prepared so that appropriate information can be provide to manager
which is helpful to predict outcomes based upon different situations. This motivates staffs to
work effectively so that targets can be fulfil. To accomplish the project objectives by project
management team it is necessary to delegates the roles as per the skills of team members so that
goal can be achieve timely and smoothly. Barclays Bank has huge scope in this context, and it
delegates the tasks to its members on the basis of their capabilities as a result efficiency and
productivity can be enhanced. It helps the company to accomplish its goals in the stipulated time
period (Morris and Geraldi, 2011). With the support of WBS project can be done effectively and
successfully. Objective of company is to expand its business and take the advantage of
globalisation. Work breakdown structure reflects the relations among different tasks which are
associated with the research project. WBS chart is set up which is based on business objectives
and it describes as follows :
 Issues & difficulties featured by company.
 Aims of report.
 Researcher intend
 Choice of target
 To frame appropriate policies & strategies
 Figuring & pass conclusion based on data collection.
For effectively project completion, it has required to consist & combine essentials
activities which are associated to the corporation goal. Barclays Bank is a reputed organisation
which aims to expand its share in the market by analysing growth opportunities which help the
company to achieves its objectives and increase market reach at global level. Human resource
department can recruit skilful candidates which are able to perform effective marketing strategy
which attracts the consumers to connect with corporation. As a result it is able to earn higher
profits. All tasks of research report are completed as per the specific time duration and in this
project polling method has used by the researcher (Nicholas and Steyn, 2017).
Work Break-down structure -
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Stages
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Gantt chart: It is a graphical representation chart which is from as a bar graph that
depicts & comprises with the outcomes in graphical mode (Gantt chart. 2018). Gantt chart
shows the time which has taken in each activity during culmination of project. As available
information literature has done in 5 days which is based on task 2. Research methodology
completed in 12 days and which based on task 2 and 3. With the assistance of available
information & data this chart has made for Barclays Bank that helps the corporation in planning,
distinct action of report such are mention as :
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