Business Project: Globalisation's Impact on Barclays Bank's Functions

This report presents an analysis of the impact of globalisation on Barclays Bank, focusing on the economic, cultural, and ethical dimensions. The research begins with an introduction to globalisation and its effects, followed by a background on Barclays Bank. The project's aim and objectives are clearly defined, outlining the scope of the investigation. The research plan details the project's cost, scope, time frame, quality control, communication strategies, risk assessment, and resource allocation. The work breakdown structure divides the project into planning, implementation, and project closure phases. The report includes a Gantt chart for project timeline visualization, and discusses research methodologies and data collection methods, emphasizing the use of both primary and secondary data. A questionnaire is provided, along with an analysis and interpretation of the findings, leading to recommendations and conclusions. The report aims to provide a comprehensive understanding of how globalisation influences various functions within Barclays Bank.

Managing A Successful
Business Project

Table of Contents
PART A ..........................................................................................................................................3
Introduction.................................................................................................................................3
Background of the research.........................................................................................................3
Project aim..................................................................................................................................4
Objectives of the project:............................................................................................................4
PART B ...........................................................................................................................................4
Research Plan:.............................................................................................................................4
Work breakdown structure:.........................................................................................................7
PART C..........................................................................................................................................11
Questionnaire............................................................................................................................11
Analysis & Interpretation:.........................................................................................................12
Recommendation on findings:..................................................................................................19
Conclusion to the research:.......................................................................................................19
REFERENCES..............................................................................................................................21

PART A
Introduction
Managing the successful business project is crucial and important aspects of every entity.
In the business scenario, positive and negative of globalisation has caused malfunctioning in the
regulation of business function and activities. Globalisation refers to an integration of the market
in the global economy, which leads to increase interconnection of national economies. In context
with United Kingdom, globalisation has put positive impact on different aspects of the business.
Economic: In UK, globalisation has strengthen the economic & trade policies by putting their
efforts and priority to the strategies and plans to enhance the global market scenario into the
business. Cultural: Globalisation has raised the living standard and culture of the people in
society by using the more advanced products & services which is made up of innovation,
creative and artificial intelligence. Ethical: An advance scenario of globalisation, ethics and code
of conduct has been taken to conduct business more practically and ethically. Apart from this,
globalisation has raised the venture expectancy and business growth in the United Kingdom.
Background of the research
For conducting this research properly, Barclays bank has been chosen to understand the
positive impact of globalisation of their business function such as operations, marketing, finance
etc. Barclays plc is the British multinational investment formation bank and financial institution
which is headquartered in London, United Kingdom. With investment formation, this leading
organisation has been engaged in their four core businesses namely personal & corporate
banking, wealth management and investment generation. This financial entity is successful, as a
result of their services, customer experience, consistent growth and market acquisition from the
recent time. In context with Barclays, positive impact of globalisation has put effective forces on
their different business functions such as:
Operation: Globalisation has raised an ability to operate in the worldwide market with
business growth in the recent times. In context with Barclays Bank, integration of different
entities has risen up the business and functioning level of the Barclays Bank and its subsidiaries.
Marketing: In context with Barclays, globalisation has led to effective marketing plan
and policies which has been resulted in attainment of the company goals & targets. As a result,

entity have market reach into the worldwide market and locations with large and huge base of the
customer for their products and services.
Human resource: For Barclays Bank, globalisation has been resulted in effective & best
possible manpower & workforce in the business scenario by innovating their hiring and staffing
process along with skills and talent development into the organisation.
Finance: Finance is important function of every organisation. For Barclays Bank, entities
wealth management and profitability has been increased over the longer period of time. Apart
from this, Barclays financial growth and stability has been increased by proper tax and revenue
regulation into the industry.
Project aim
The main aim of this project is “To analyse the positive cultural, economic and ethical
impact of globalisation on different function of the Barclays Bank”. Case study on Barclays
Bank.
Objectives of the project:
For conducting this business project, there are different objectives which has been set in
accordance with research aim. It is disclosed that such objectives are prepared by using proper
information of the research topic. The above research aim is as under:
 To understand the concept of globalisation.
 To analyse the positive, economical and ethical impact of globalisation on the different
function of the Barclays Bank namely marketing, finance, operations and human resource
 To identify the interrelationship of globalisation with different function at a global level.
Brief declaration: It is declared that objectives and aim of this business project has been
set with proper knowledge and information about the globalisation along with understanding the
project topic clearly and properly.
PART B
Research Plan:
Project Title To examine the cultural, ethical and economical impact of
globalisation on the different function of Barclays Bank.

Project Plan
Company Name: Barclays Bank
Cost Cost is the crucial and significant aspect of every business projects.
It reveals about the requirement of funds or finance for conducting
the project ethically and effectively. For ascertaining the need of
complete cost, project manager needs to prepare budget and do
costing activities to allocate the cost and ascertained money to each
and every variables of this projects. The project manager of the
consulting firm has estimated 500 Pounds of the complete cost
estimate which will cover entire conduction of this business project
on Barclays Bank. Along with this, project manager ha also
ascertained the extra estimation of the required funds, in case lack of
required funds. For the globalisation purpose, Barclays bank needs
to acquire the initial investment of 5000 pound sterling.
Scope The scope of this business projects is broad and wide. It will be take
place with three given objective which has been initiated with entire
knowledge and information of the globalisation and its overall
impact onto the business scenario. Proper plan, scope, policies and
action will be required with proper cost estimation to achieve the
overall target of the business projects. This business projects will
entirely focus on analysing the impact of cultural, economical and
ethical consideration of globalisation on different business function
of the Barclays Bank. The globalisation will provide the aid of
raising the business of Barclays Bank for the future business
expansion and strategic decision.
Time Every business project needs to be conduct after an estimation of

proper time and duration. It tells how long the project will be go for
with complete estimation of the cost for that duration. Project
manager of this task are required to ascertain the exact duration and
time for completing this business project say day, week, month,
quarter or yearly. Along with this, project manager can prepare chart
, time-table and notes which mentions the time required for each and
every task of this business projects. For this, project manager has
estimated the period of 3 weeks for completing the entire work. For
this, time-table and charts has been formulated to take care that work
should be completed on time or before time. The time duration of
globalisation is approx. 6 months with the strategic planning.
Quality In this, project manager needs to do pre-evaluation of quality to be
attained in the complete projects. Quality and perfection in the
project should be maintained to get appropriate results out of the
defined research topic. For taking care of the quality, proper training
and knowledge is required to be given to manpower and workforce
who will do survey, analysis and report making to achieve pre-
defined goals from this business project. Lastly, quality has to be
take care during the entire project.
Communication In this business work, project manager is required to communicate
the roles and responsibilities of each and every member of team
initiated for this project. Also, the project manager is required to
initiate and form the team or group of skilled, talented and well-
informed person who are even aware about knowledge of research
and topic to be covered in this business projects. Effective
communication skills has to be their in each and every person to
attain the defined objectives of this business projects. In
communication perspective, Barclays will put funds and money in
raising their business needs and wants.

Risk The proper assessment of risk and threat is required to be conduct
for knowing the possibilities in order to avoid it in pre-stage of this
business project. Risk such as non-completion of the project on
time , lack of finance and non-availability of the manpower etc.
Project manager is required to ascertain such risks or issue before
the starting of the project work. Risk assessment will prove
effective, if project manager will ascertain the resources needed in
an effective and proper manner. The risk factors such as destruction
in the brand image, loss of profitability and
Resources Project manager is required to accumulate various resources such as
time, cost, manpower, support, skills along with required knowledge
about the globalisation along with its impacts on the business
function of the company. For this project, cost and manpower is
important required to collect data/information from the respondents
along with complete conclusion from this projects. Research tools
are also one of the major resource for conducting this business
project. There are several needed such as effective, skilled
manpower, funds, time, supporting variables along with technology.
Type of Research
Primary and Secondary
In this project, descriptive research will be used, because it is pro-
longed and highly impacted topic.
In this project, both primary and secondary data and collection
methods will be used. Along with this, Major priority will be given
to primary data collection.
Work breakdown structure:
It is the kind of structure through which entire project has to be divided into small units
and also set their priorities accordingly to requirement in this business projects. It basically refers

to division of an activities into micro units to complete the project within the given allotted time.
It is crucial part of project that will make easy for the project manager to divide the work to the
recognised team after a assessment of their skills and potential. The main objective of work
breakdown structure is to make staff member to understand their roles and responsibilities by
making them realize an activities in accordance with small units. There are three functional area's
of this work down structure are as follows:
Planning: This stage contain the selection and finalization of project's topic and all
relevant information before the commencement of the project. For this, business project will put
emphasizes on allocation of resources along with time allotted for this stage.
Implementation: All kind of planning has to be done in this stage for an effective usage
of planing and resources. Proper methodologies would take research into the final stage.
Project closer: This is the final stage in which project has to be in closer state. Proper
analysis and recommendation is required to be generated to fulfil the actual need and objective of
this business projects.
Gantt chart: It is a sort of the graphical representation of timetable that is useful in plan,
facilitate and furthermore track the specific activities in project. It is outline under which the

arrangement identified with horizontal lines that indicated measure of the completed work within
time period which is allotted at the beginning of project.

Research methodologies and data collection:
It is defined as the systematic phase/stage of analysing methods which are required by the
researcher to carry out an effective research. It also includes theoretical analysis of methods
along with information collected with fully-fledged information and knowledge. In this business
project, descriptive research will be used to get the expected result in a given time. There are two
types of research methods that can be used by researcher to arrive at valid conclusion and results
at the closer of this business project. The classification of different is as follow:
Quantitative: Under this research methods, the researcher generally use this to collect
required information and knowledge into the numeric terms. Such data/information can be gain
by conducting survey, interview and observation. For this, set of questionnaire is required to gain
people response. The main advantage of this method is that it provides response to huge
information.
Qualitative: Under this method, researcher mainly focus on collection of data through
books, magazine, journals, internet etc. Such information is subjective and belongs to real and
effective quality. The main issue is that only limited data/information is available with the person
who will do complete analysis and interpretation.
Data collection: Collection are of two types: primary and secondary.
Primary data: Primary data is the kind of information which is generated through survey,
interview and observation by preparing the set of questionnaire. It is helpful in complete analysis
of huge information for valid conclusion and results.
Secondary data: In this business project, more emphasizes will be given to data
collection through newspaper, magazines, journals, books etc.
Questionnaire: It is a tool which is used for collecting the large and bulk data from the people.
It is useful in getting accurate and most relevant data for the analysis and finding an appropriate
results and conclusion. In this business project, questionnaire will be taken into consideration for
collecting the suitable and required for analysis purpose.
Total number of questions: 9

Sample size: In this project, sample size of 50 respondents will be taken to gain their choice and
preference over this business topic. Only, primary data collection is suitable here to target this
sample size of 50 respondents.
PART C
Questionnaire
Questionnaire
1) Are you aware about the concept of “Globalisation”
a. Yes
b. No
2) What are major benefits of globalisation for the Barclays Bank?
a. Business expansion
b. Optimum utilisation of resources
c. Effective relationship
3) Name the several problem which could be faced by bank because of the globalisation?
a. Different exposure
b. Higher operational cost
c. Critical tax policies
4) Name the department which is most affected by the globalisation?
a. Marketing
b. Finance
c. Operation
5) How marketing has been effective in the era of globalisation to achieve and expanding the
bank operation?
a. Awareness about the services.
b. Beneficial to the society
c. Environmental preservation
6) Name the factors which could help the Barclays to gain competitive advantage in other
nation?
a. Technological factors
b. Capital formation

c. Unique idea for employee
7) Impact of globalisation on an economic growth of the country?
a. Foreign deposit in the bank
b. Employment generation
8) Name the resources the bank needs before entering into the foreign market?
a. Economical resources
b. Technology advancement
c. Image of company
9) Negative factors led from the globalisation which can effect the Barclays performance?
a. Tough taxation policies
b. Inexperienced workforce
c. Emission
Analysis & Interpretation:
In this project topic, both analysis & interpretation will be conduct on the theme basis.
Along with this, Proper and featured diagram will be used and tabulation which will show the
collected numeric presentation of data collected for total 50 respondents. The detailed analysis
are as follows:
Theme 1
1) Are you aware about the concept of “Globalisation” Frequency
a. Yes 35
b. No 15