Accounting & Finance: Research Project on HSBC and Globalisation
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This research project examines the outcomes of globalisation on financial services, using HSBC as a case study. The introduction provides an overview of globalisation and its impact on financial institutions, highlighting the benefits and challenges. The project explores the research background, rational, aims, objectives, and research questions related to HSBC's global expansion. The literature review explores the significance of globalisation for companies, its effects on financial services, and strategies for globalising services. It also discusses the benefits and drawbacks of globalisation for HSBC. The research aims to determine how HSBC can globalise its services, the benefits of globalisation, and the challenges faced. The project uses secondary sources to gather data, including books, journals, articles, and scholar papers. The project explores the impact of globalisation on HSBC's financial services, its competitive advantages, and the ways it can expand its business globally.

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Table of Contents
TITLE..............................................................................................................................................3
CHAPTER 1: INTRODUCTION ...................................................................................................3
CHAPTER 2: LITERATURE REVIEW.........................................................................................6
CHAPTER 3: RESEARCH METHODOLOGY...........................................................................10
CHAPTER 4: DATA ANALYSIS................................................................................................13
CHAPTER 5: Reflection & Recommendation for Alternative Research Methodology...............26
CONCLUSION..............................................................................................................................28
REFERENCES..............................................................................................................................29
2
TITLE..............................................................................................................................................3
CHAPTER 1: INTRODUCTION ...................................................................................................3
CHAPTER 2: LITERATURE REVIEW.........................................................................................6
CHAPTER 3: RESEARCH METHODOLOGY...........................................................................10
CHAPTER 4: DATA ANALYSIS................................................................................................13
CHAPTER 5: Reflection & Recommendation for Alternative Research Methodology...............26
CONCLUSION..............................................................................................................................28
REFERENCES..............................................................................................................................29
2

TITLE
“To examine the outcome of globalisation of financial services”. A case study related to HSBC.
CHAPTER 1: INTRODUCTION
Overview of research
Globalisation derives that an act of becoming worldwide or liberalisation of trading in
larger market. Globalisation of financial services means where financial institution comes
together or partnered with another organisation for provides the services to its customer
(Amadeo, 2019). The firms are trades in capital market services such as banking and insurance
services, equity, bonds, forex market to increase the global presence in vast market by reaching
its valued customer. It may faces some technological issues, disorder in communication,
transportation cost in delivering the services to its customers. Service industry can be enhance
the trading ability of its financial services in capital market by using this massive platform.
Universal trading can be possible in respect to merger and acquisition of firms or diversification
of financial services in capital market. Financial Institution required to understand the customer
needs and their expectation and provides them best business services. The important factor to
financial institution to operate a business successfully in global market is providing value of
money to its customer by using the tech-based services. Financial universe services includes
advanced data processing, loosing the limitation on cross- border cash flow in order to grow
rapidly by accessing its direct customer.
Background of research
HSBC is British multinational banking and financial service providing firm in
international market. It is one of the largest bank in Europe in term of total assets with US$2.558
trillion as well as 7th largest bank in the world. Its headquarter is in London, united kingdom and
its total revenue is 5380 Cr. USD with having 235217 total number of employees It has largest
banking and financial institution Channel in market. HSBC has around 38 million customer with
3900 branch offices in 67 countries. It is the sixth largest public company as well. It has been
identified going global is consider to be the major crucial requirement for a company that
support to provide services to large number of people and increasing profit. Thus respective bank
have a major concern in context globalisation, which makes them more focused on expanding
their valuable services at national level that further support in increasing profit margin.
Management use to analyse the current market requirement, things offered by other competitors,
3
“To examine the outcome of globalisation of financial services”. A case study related to HSBC.
CHAPTER 1: INTRODUCTION
Overview of research
Globalisation derives that an act of becoming worldwide or liberalisation of trading in
larger market. Globalisation of financial services means where financial institution comes
together or partnered with another organisation for provides the services to its customer
(Amadeo, 2019). The firms are trades in capital market services such as banking and insurance
services, equity, bonds, forex market to increase the global presence in vast market by reaching
its valued customer. It may faces some technological issues, disorder in communication,
transportation cost in delivering the services to its customers. Service industry can be enhance
the trading ability of its financial services in capital market by using this massive platform.
Universal trading can be possible in respect to merger and acquisition of firms or diversification
of financial services in capital market. Financial Institution required to understand the customer
needs and their expectation and provides them best business services. The important factor to
financial institution to operate a business successfully in global market is providing value of
money to its customer by using the tech-based services. Financial universe services includes
advanced data processing, loosing the limitation on cross- border cash flow in order to grow
rapidly by accessing its direct customer.
Background of research
HSBC is British multinational banking and financial service providing firm in
international market. It is one of the largest bank in Europe in term of total assets with US$2.558
trillion as well as 7th largest bank in the world. Its headquarter is in London, united kingdom and
its total revenue is 5380 Cr. USD with having 235217 total number of employees It has largest
banking and financial institution Channel in market. HSBC has around 38 million customer with
3900 branch offices in 67 countries. It is the sixth largest public company as well. It has been
identified going global is consider to be the major crucial requirement for a company that
support to provide services to large number of people and increasing profit. Thus respective bank
have a major concern in context globalisation, which makes them more focused on expanding
their valuable services at national level that further support in increasing profit margin.
Management use to analyse the current market requirement, things offered by other competitors,
3
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actual willingness of international customer so that they are able to produces and provide
valuable services to satisfy the needs and requirement of customer.
Rational of the Research
The research work is mainly associated with total influence of globalising of useful
financial and other banking services in order to satisfy the emerging financial needs of customer
(Bounphrey, 2016). Investigation rational is related with vital circumstance that are major
grounds to reduce any kind of lacking within literature and also beneficial to create strategies and
solution to particular problem arising in conducting research work. It is noticed that the main
purpose of doing any type of research on any topic is to create the knowledge related to
respective topic, improve the skills and ability that support in better attainment of goals and
objective. As HSBC is planning to improve and expand their services across boundaries that will
provide customer more option to acquire the best product and service that will satisfy there need
in pleasant manner. Rational assist investigator to modify the penetrating in context to IFRS and
its importance to the absolute conception for accounting and emerging business world.
Research Aim
In the respective research work, the main objective is to describe the main aim and goals
of research to specific topic (Bruce and Ahmed, 2016). It is essential that actual aim must be
accurate, authentic and appropriate so that it help in determining the best possible conclusion. In
this research topic, the aim is “To examine the outcome of globalisation on financial services”. A
case study related to HSBC.
Objective
It is observed that the main objective of research work must be clear, faithful, suitable
and relevant to topic which support to make authentic solution. Some of the related objective to
the topic “The Globalisation of financial services” are as follows:
11 To ascertain the significance of Globalisation for companies.
11 To determine the effect of globalisation on financial services so that business can expand.
11 To determine assorted structure, which support HSBC, can globalise entire services in
different part of world.
11 To elaborate the usefulness of globalisation in relation to banking industry mainly to
HSBC.
11 To measure drawback of globalisation in banking industry particularly to HSBC.
4
valuable services to satisfy the needs and requirement of customer.
Rational of the Research
The research work is mainly associated with total influence of globalising of useful
financial and other banking services in order to satisfy the emerging financial needs of customer
(Bounphrey, 2016). Investigation rational is related with vital circumstance that are major
grounds to reduce any kind of lacking within literature and also beneficial to create strategies and
solution to particular problem arising in conducting research work. It is noticed that the main
purpose of doing any type of research on any topic is to create the knowledge related to
respective topic, improve the skills and ability that support in better attainment of goals and
objective. As HSBC is planning to improve and expand their services across boundaries that will
provide customer more option to acquire the best product and service that will satisfy there need
in pleasant manner. Rational assist investigator to modify the penetrating in context to IFRS and
its importance to the absolute conception for accounting and emerging business world.
Research Aim
In the respective research work, the main objective is to describe the main aim and goals
of research to specific topic (Bruce and Ahmed, 2016). It is essential that actual aim must be
accurate, authentic and appropriate so that it help in determining the best possible conclusion. In
this research topic, the aim is “To examine the outcome of globalisation on financial services”. A
case study related to HSBC.
Objective
It is observed that the main objective of research work must be clear, faithful, suitable
and relevant to topic which support to make authentic solution. Some of the related objective to
the topic “The Globalisation of financial services” are as follows:
11 To ascertain the significance of Globalisation for companies.
11 To determine the effect of globalisation on financial services so that business can expand.
11 To determine assorted structure, which support HSBC, can globalise entire services in
different part of world.
11 To elaborate the usefulness of globalisation in relation to banking industry mainly to
HSBC.
11 To measure drawback of globalisation in banking industry particularly to HSBC.
4
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Research Question
It is significance for an investigator to make sure that research question must be short,
clearly stated, related to topic so that answer can be made as per the requirement (Fox and
Hundley, 2011). In research study all the specific question are related with actuals aims and
objective. The important question are discussed below:
What are significance of Globalisation?
How Globalisation affects financial services?
What are assorted manner, which help to HSBC to globalise financial services?
What are respective benefit of globalisation to HSBC?
How globalisation can bring challenges in the context of banking industry?
5
It is significance for an investigator to make sure that research question must be short,
clearly stated, related to topic so that answer can be made as per the requirement (Fox and
Hundley, 2011). In research study all the specific question are related with actuals aims and
objective. The important question are discussed below:
What are significance of Globalisation?
How Globalisation affects financial services?
What are assorted manner, which help to HSBC to globalise financial services?
What are respective benefit of globalisation to HSBC?
How globalisation can bring challenges in the context of banking industry?
5

CHAPTER 2: LITERATURE REVIEW
The process related with critical assessment and effective evaluation of crucial data with
the support of reliable sources that benefit to determine any kind of lacking in knowledge and
resources is known as literature review (Stevenson, 2014). It help to assess the proper knowledge
which further aid in increasing the best suitable output for the research topic. The Literature
review also assist to create a in depth understanding about the specific topic through proper
articles, published magazines, scholar paper etc. This section in consider to be most crucial part
of research and it is related with developing the best possible ideas and thoughts that will give
brief understanding of respective study. A literature review is also explained as published data in
a particular subject area, and former data in a specified susceptible area within a specified time
duration. In this section data has been gathered through secondary sources like books, journals,
articles, scholar papers, newspapers.
Ascertain the significance of Globalisation for companies.
In the opinion of Hui Boon Tan, it was determined that interrelation of large number of
businesses or entities across nation that helps to evaluate the economies, culture and politics so
that valuable services can be provided to desired customer base. In business scenario, the quality
of business entity to move outside the home country and develop services for large number of
customer in order to increase overall profit (Robertson, 2012). Nowadays business firms are
continuously expanding business after analysing marketing situations, current trends, other
facilities that are available by other companies so that they can effectively manage their
operation in most profitable manner. Globalisation have effective function in processing the
business activities of respective firm that have a indirect and direct impact business performance
of company. There are number of crucial importance of globalisation to HSBC that are discussed
below:
Gain competitive advantages: In the present world of business there are number of companies
operating within the same industry and have the main motive to provide useful services to
customer and make huge profit (Bennett, James and Klinkers, 2017). Globalisation is beneficial
concept which makes easy for the business to reach more and more customer and deliver the
useful services and goods in specific time period.
6
The process related with critical assessment and effective evaluation of crucial data with
the support of reliable sources that benefit to determine any kind of lacking in knowledge and
resources is known as literature review (Stevenson, 2014). It help to assess the proper knowledge
which further aid in increasing the best suitable output for the research topic. The Literature
review also assist to create a in depth understanding about the specific topic through proper
articles, published magazines, scholar paper etc. This section in consider to be most crucial part
of research and it is related with developing the best possible ideas and thoughts that will give
brief understanding of respective study. A literature review is also explained as published data in
a particular subject area, and former data in a specified susceptible area within a specified time
duration. In this section data has been gathered through secondary sources like books, journals,
articles, scholar papers, newspapers.
Ascertain the significance of Globalisation for companies.
In the opinion of Hui Boon Tan, it was determined that interrelation of large number of
businesses or entities across nation that helps to evaluate the economies, culture and politics so
that valuable services can be provided to desired customer base. In business scenario, the quality
of business entity to move outside the home country and develop services for large number of
customer in order to increase overall profit (Robertson, 2012). Nowadays business firms are
continuously expanding business after analysing marketing situations, current trends, other
facilities that are available by other companies so that they can effectively manage their
operation in most profitable manner. Globalisation have effective function in processing the
business activities of respective firm that have a indirect and direct impact business performance
of company. There are number of crucial importance of globalisation to HSBC that are discussed
below:
Gain competitive advantages: In the present world of business there are number of companies
operating within the same industry and have the main motive to provide useful services to
customer and make huge profit (Bennett, James and Klinkers, 2017). Globalisation is beneficial
concept which makes easy for the business to reach more and more customer and deliver the
useful services and goods in specific time period.
6
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Greater Awareness: It also have an essential role that is to create awareness among rules and
regulation that have been helpful to increase the understanding of doing business at global level.
This is also beneficial for the company to enhance its brand image in the mind set of people.
Determine the effect of globalisation on financial services so that company can expand
business.
According to the viewpoint of Lassou and Soobaroyen, 2017, the procedure of
globalisation have a major impact on the business performance, as it focuses to expand the
business activities to large number of audience so that profit margin can be increased in future.
While globalising the business at international level there is need to follow certain rules and
regulation that will guide to manage and run business activities in profitable manner (Robertson
and et. al., 2014). In the present time it is becoming the primary survival for number of financial
institute and other banking companies so that they can attain the desired goal and objective
related with expanding financial services and delivering the same to diverse customer. Therefore
it essential for companies to consider few main components that helpful for HSBC to survive for
long that are as follows:
Better understand the needs and expectation of customer.
Delivering the valuable services to customer so that there needs can be fulfilled in better
manner.
There are number of reforms that relates to effect of globalisation to the banking industry
such as it support to provide extensive strength to the capital base of bank with the help of
subordinated debt, recapitalization, it support to introduce prudential bonds that are useful to
provide strength
Find out the ways which support HSBC, to globalise entire services in different part of world.
In the words of Yong Geng, Sarkis Joseph and Bleischwitz Raimund, 2019, the market
for almost everything is huge, but it's not large enough for many entrepreneurs. For these
growth-minded business owners, the rest of the world is their portion (Stearns, 2018).
Attempting international growth by going global as an importer-exporter offers opportunity
aplenty. Further the researcher explained some supportive ways which can helps the HSBC to
grow its business in entire world. At the very first stage, an organization should try to understand
the terms, norms and conditions of the new approached market or economy. For this purpose the
respective firm have to be familiar with economic trends, learn the laws and regulations of
7
regulation that have been helpful to increase the understanding of doing business at global level.
This is also beneficial for the company to enhance its brand image in the mind set of people.
Determine the effect of globalisation on financial services so that company can expand
business.
According to the viewpoint of Lassou and Soobaroyen, 2017, the procedure of
globalisation have a major impact on the business performance, as it focuses to expand the
business activities to large number of audience so that profit margin can be increased in future.
While globalising the business at international level there is need to follow certain rules and
regulation that will guide to manage and run business activities in profitable manner (Robertson
and et. al., 2014). In the present time it is becoming the primary survival for number of financial
institute and other banking companies so that they can attain the desired goal and objective
related with expanding financial services and delivering the same to diverse customer. Therefore
it essential for companies to consider few main components that helpful for HSBC to survive for
long that are as follows:
Better understand the needs and expectation of customer.
Delivering the valuable services to customer so that there needs can be fulfilled in better
manner.
There are number of reforms that relates to effect of globalisation to the banking industry
such as it support to provide extensive strength to the capital base of bank with the help of
subordinated debt, recapitalization, it support to introduce prudential bonds that are useful to
provide strength
Find out the ways which support HSBC, to globalise entire services in different part of world.
In the words of Yong Geng, Sarkis Joseph and Bleischwitz Raimund, 2019, the market
for almost everything is huge, but it's not large enough for many entrepreneurs. For these
growth-minded business owners, the rest of the world is their portion (Stearns, 2018).
Attempting international growth by going global as an importer-exporter offers opportunity
aplenty. Further the researcher explained some supportive ways which can helps the HSBC to
grow its business in entire world. At the very first stage, an organization should try to understand
the terms, norms and conditions of the new approached market or economy. For this purpose the
respective firm have to be familiar with economic trends, learn the laws and regulations of
7
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specific countries and conduct proper research and development on cultural environment. The
next step towards being globalized is to evaluate the offerings the firm is providing. After
checking the compatibility of its products and services, selected firm have to develop its sales
and marketing strategies accordingly for product positioning. All these planning and strategies
are total waste if demand and supply factor will not be adequate. For creating demand, selected
company have to create its potential customer base who will consume its offerings and also have
to find out suppliers and agents who may help in production and rendering services, hence
making connections is also crucial. After completing all these mentioned processes, it is required
to repeat this cycle to introduce new products and services. The selected company will get
disappear from the market if it does not continue its efforts therefore it is necessary to stay in
course for the establishment.
Benefit of globalisation to HSBC
As per the opinion of Peter N. Stearns, it has the potential to make this world a better
place to live in and solve some of the deep-seated problems like unemployment and poverty.
Further the author said that globalization has so many benefits that it may improve the social
wellness as well as economical standard of the entire world. Globalization represents free trade
which helps the HSBC in achieving global economic growth, creating new jobs, making the
company more competitive and lowering prices for consumers. Competition between countries is
supposed to drive prices down and foreign countries are agreed to let the organization run its
business in local economy (Potrafke, 2015). It also provides poor countries, through infusions of
foreign capital and technology, with the chance to develop economically and by spreading
prosperity, creates the conditions in which democracy and respect for human rights may flourish.
The respective firm is now may attain the benefits of new advanced technologies, foreign
investment and skilled personnels within it. Globalization has also provided new consumer
market place to the selected establishment to release its new innovative product and services.
With the help of globalization vital information can be shared between individuals and
corporations at a very fast. It has also expedited in increasing the ease of transporting people and
goods which helps the client company in getting the information about market trends and
opportunities quickly and HSBC is capable to increase its business effectiveness by catching
those opportunities.
8
next step towards being globalized is to evaluate the offerings the firm is providing. After
checking the compatibility of its products and services, selected firm have to develop its sales
and marketing strategies accordingly for product positioning. All these planning and strategies
are total waste if demand and supply factor will not be adequate. For creating demand, selected
company have to create its potential customer base who will consume its offerings and also have
to find out suppliers and agents who may help in production and rendering services, hence
making connections is also crucial. After completing all these mentioned processes, it is required
to repeat this cycle to introduce new products and services. The selected company will get
disappear from the market if it does not continue its efforts therefore it is necessary to stay in
course for the establishment.
Benefit of globalisation to HSBC
As per the opinion of Peter N. Stearns, it has the potential to make this world a better
place to live in and solve some of the deep-seated problems like unemployment and poverty.
Further the author said that globalization has so many benefits that it may improve the social
wellness as well as economical standard of the entire world. Globalization represents free trade
which helps the HSBC in achieving global economic growth, creating new jobs, making the
company more competitive and lowering prices for consumers. Competition between countries is
supposed to drive prices down and foreign countries are agreed to let the organization run its
business in local economy (Potrafke, 2015). It also provides poor countries, through infusions of
foreign capital and technology, with the chance to develop economically and by spreading
prosperity, creates the conditions in which democracy and respect for human rights may flourish.
The respective firm is now may attain the benefits of new advanced technologies, foreign
investment and skilled personnels within it. Globalization has also provided new consumer
market place to the selected establishment to release its new innovative product and services.
With the help of globalization vital information can be shared between individuals and
corporations at a very fast. It has also expedited in increasing the ease of transporting people and
goods which helps the client company in getting the information about market trends and
opportunities quickly and HSBC is capable to increase its business effectiveness by catching
those opportunities.
8

Challenges in the context of banking industry due to globalization.
According to John H. Dunning, 2015, globalisation also provides some challenges or
risks as well as benefits. The biggest challenge for a banking company in globalised economy is
to comply with the accounting and banking rules, regulation and standards. In order to enhance
its business globally, HSBC has to follow laws and legislations regarding conduction of business
of particular foreign countries. In banking sector, it is crucial to held adequate technology for
data privacy and security purpose and capacity premises in order to run business properly. In
case of expending its business transactions, it may be a concerning challenge for the respective
firm to find out appropriate building and cost consuming to update its technologies.
Globalisation provides the same opportunities to the other banking organizations as well as
HSBC. The firm also has to face competition with other well equipped banking companies which
may conduct their business in local market due to this term. It may adversely affect the revenue
of the client firm. The issues related to corporate governance have continued to attract
considerable national and international attention in light of a number of high-profile breakdowns
in corporate governance. This becomes more relevant for banks to follow a powerful corporate
governance to control their funds. HSBC also have to pay attention towards fiduciary capacity
and credit creation and policies. It has to maintain and show its financial stability and effective
financial governance (Mees, 2015).
9
According to John H. Dunning, 2015, globalisation also provides some challenges or
risks as well as benefits. The biggest challenge for a banking company in globalised economy is
to comply with the accounting and banking rules, regulation and standards. In order to enhance
its business globally, HSBC has to follow laws and legislations regarding conduction of business
of particular foreign countries. In banking sector, it is crucial to held adequate technology for
data privacy and security purpose and capacity premises in order to run business properly. In
case of expending its business transactions, it may be a concerning challenge for the respective
firm to find out appropriate building and cost consuming to update its technologies.
Globalisation provides the same opportunities to the other banking organizations as well as
HSBC. The firm also has to face competition with other well equipped banking companies which
may conduct their business in local market due to this term. It may adversely affect the revenue
of the client firm. The issues related to corporate governance have continued to attract
considerable national and international attention in light of a number of high-profile breakdowns
in corporate governance. This becomes more relevant for banks to follow a powerful corporate
governance to control their funds. HSBC also have to pay attention towards fiduciary capacity
and credit creation and policies. It has to maintain and show its financial stability and effective
financial governance (Mees, 2015).
9
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CHAPTER 3: RESEARCH METHODOLOGY
In research work the systematic approach that is utilise for making valuable evaluation
related specific topic is consider as research methodology (Geng, Sarkis and Bleischwitz, 2019).
In general term it is defined as the the crucial component that include different research work
which provide legal and authentic framework to conduct following research in appropriate
manner. It is defined that methodical are basically used in order to gather large and authentic
information or data which are further beneficial to make conclusion related to research topic or
to resolve the reasons due to which problem can be arises within certain work. It includes the
selection of various applicants that are essential to support the sources gather in literature review.
Types of investigation
The main belief of an investigator is to choose the most suitable and faithful kind of
investigation that aid to define the best results and in correct direction (Lozano, 2015). There are
basically two kind of research work such as quantitative and qualitative which are needed to be
selected accordingly depending upon nature of research work so that decision are made
respectively. Quantitative method is related with collecting of mathematical, statistical
information relevant to a topic which make sure that decision are made to determine the best
result. On the other side qualitative methodology is defined as the vital tool which is used in
collecting or observing non mathematical information that are related with theoretical aspect. In
this respective research work qualitative method have been selected that support to collect data
related with topic and make effective strategies and involve steps to reduce certain issues.
Research Approach
This is related to most crucial section of research methods that benefit to execute research
work in impressive way and focusing to make valuable results that will increase efficiency of
researcher. There are mainly two kind of research approach that are inductive and deductive. In
relation to the selected topic “ The Globalisation of Financial services” inductive method is used
that is consider to be more reliable while making results related to certain topic by making
suitable figures and facts.
Research Philosophy
The effective manner which assess in gathering information related to topic by dealing
with crucial sources, knowledge and understanding is known as research philosophy (Dunning,
2015). There are primarily type sort of philosophy that are valuable to define the information
10
In research work the systematic approach that is utilise for making valuable evaluation
related specific topic is consider as research methodology (Geng, Sarkis and Bleischwitz, 2019).
In general term it is defined as the the crucial component that include different research work
which provide legal and authentic framework to conduct following research in appropriate
manner. It is defined that methodical are basically used in order to gather large and authentic
information or data which are further beneficial to make conclusion related to research topic or
to resolve the reasons due to which problem can be arises within certain work. It includes the
selection of various applicants that are essential to support the sources gather in literature review.
Types of investigation
The main belief of an investigator is to choose the most suitable and faithful kind of
investigation that aid to define the best results and in correct direction (Lozano, 2015). There are
basically two kind of research work such as quantitative and qualitative which are needed to be
selected accordingly depending upon nature of research work so that decision are made
respectively. Quantitative method is related with collecting of mathematical, statistical
information relevant to a topic which make sure that decision are made to determine the best
result. On the other side qualitative methodology is defined as the vital tool which is used in
collecting or observing non mathematical information that are related with theoretical aspect. In
this respective research work qualitative method have been selected that support to collect data
related with topic and make effective strategies and involve steps to reduce certain issues.
Research Approach
This is related to most crucial section of research methods that benefit to execute research
work in impressive way and focusing to make valuable results that will increase efficiency of
researcher. There are mainly two kind of research approach that are inductive and deductive. In
relation to the selected topic “ The Globalisation of Financial services” inductive method is used
that is consider to be more reliable while making results related to certain topic by making
suitable figures and facts.
Research Philosophy
The effective manner which assess in gathering information related to topic by dealing
with crucial sources, knowledge and understanding is known as research philosophy (Dunning,
2015). There are primarily type sort of philosophy that are valuable to define the information
10
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such as quality and interpositive. In this work, investigator used to include interpositive
philosophy of research that will deliver proper examine of different data and information which
are gather from assorted prospect of particular situation. It is referred to be best applicable tool
that is used in qualitative approach that aid in collecting information.
Data collection Tool
In any type of research work, the major obligation of an investigator is to ascertain the
accurate, dependable, reliable data which is essential for making effective research results and
extracting the profitable sources. In order to gather best suitable and authentic data researcher
may use primary and secondary data tool (Kirton, 2017). It is stated that primary tool is one of
the most beneficial in conducting research as it support in aggregation of collected data that is
being gather for the first time therefore information can be more apprehensive and reliable to the
topic. Secondary tool is mainly used by the researcher to determine the already published data
in context to selected topic that support to gain enough knowledge. In this research work primary
and secondary tool of data collection are used such as with the aid of primary tool survey is
conducted by formulating questionnaire that exactly define the main motive and purpose of
investigation. By using secondary tool researcher used to identify the suitable information and
data related to topic from number of published article, Journals, books etc.
Data sampling tool
It is stated that sample distribution is known to a crucial method that is being
implemented within statistical research hat use to include organised observation accumulated
from huge population (Jabnoun, 2015). It is being divided into probabilistic and non-probabilistic
techniques which is helpful in gathering information form more number of respondent depending
upon the kind of research work that mainly includes random sampling or systematic. In this
particular research work investigator apply random sampling method that is essential to
accumulate reliable information. They uses 40 individual, which are being employed within
HSBC to determine best suitable outcome.
Time Line
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philosophy of research that will deliver proper examine of different data and information which
are gather from assorted prospect of particular situation. It is referred to be best applicable tool
that is used in qualitative approach that aid in collecting information.
Data collection Tool
In any type of research work, the major obligation of an investigator is to ascertain the
accurate, dependable, reliable data which is essential for making effective research results and
extracting the profitable sources. In order to gather best suitable and authentic data researcher
may use primary and secondary data tool (Kirton, 2017). It is stated that primary tool is one of
the most beneficial in conducting research as it support in aggregation of collected data that is
being gather for the first time therefore information can be more apprehensive and reliable to the
topic. Secondary tool is mainly used by the researcher to determine the already published data
in context to selected topic that support to gain enough knowledge. In this research work primary
and secondary tool of data collection are used such as with the aid of primary tool survey is
conducted by formulating questionnaire that exactly define the main motive and purpose of
investigation. By using secondary tool researcher used to identify the suitable information and
data related to topic from number of published article, Journals, books etc.
Data sampling tool
It is stated that sample distribution is known to a crucial method that is being
implemented within statistical research hat use to include organised observation accumulated
from huge population (Jabnoun, 2015). It is being divided into probabilistic and non-probabilistic
techniques which is helpful in gathering information form more number of respondent depending
upon the kind of research work that mainly includes random sampling or systematic. In this
particular research work investigator apply random sampling method that is essential to
accumulate reliable information. They uses 40 individual, which are being employed within
HSBC to determine best suitable outcome.
Time Line
11

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