Impact of Globalisation on Multinational Banks: Barclays Case Study

This research project investigates the impact of globalisation on the operations of multinational banks, with a specific focus on Barclays Bank. The report begins with an introduction outlining the significance of globalisation in the banking sector and its influence on competition. It defines globalisation and its benefits for businesses, particularly in expanding market reach and opportunities. The research aims to analyze globalisation's effects on Barclays Bank, including its business operations and competitive strategies. The project includes a literature review exploring the role of globalisation in business, its impact on the UK banking industry, and how Barclays manages competition within the global market. The research methodology is described, highlighting the approach to data collection and analysis. The report provides a detailed overview of the research objectives, questions, and the methods used to address them, culminating in conclusions and recommendations based on the findings. The report emphasizes the importance of globalisation in shaping the financial landscape and the strategies multinational banks adopt to thrive in a competitive environment. The study provides insights into the challenges and opportunities presented by globalisation to Barclays Bank.

Research Project

TITLE
To analyse the impact of globalisation over the operations of multinational banks in
the context of managing competition. A case study on Barclays Bank.
Chapter 1: Introduction
Overview of the Research
Economic process has caused dramatic changes to organisational practices across the
globe. Globalisation is refers as the widening or intensifying connection of political unit
economic system to a global industry of products, services or specially funds or capital.
Globalisation is the single most important development changing organisations dynamics in the
present century (Abdallah and Ismail, 2017). A banking system is partially based on the control
practices through the central bank and the trust which customers have that their funds and money
will be secure or that when the individual wants to withdraw funds as their money will be safe
and secure. Economic process is effectual for the trading operations of transnational banks in the
circumstance of carry off rivalry within market. Barclay's bank is the selected company for
execution of the investigation over the chosen area of issues as it is an effective and leading
multinational brand which has its global operations. Banking is the most processing sector and
performs vital function in processing the profitable condition of a state. This study incorporate
the analysis about the effect of globalisation on the international banks in the circumstance of
carry off rivalry. In this planned objectives and targets are developed to providing assistance to
the whole exploration, writing review will be executed to providing conjectural support to the
investigation work and research method is hard-hitting in rendering support by suitable selection
of methodologies and information evaluation will be effectual in analysing the data through the
support of conducting survey and at the end conclusion and recommendation will be created to
providing a summaries description over the outcome.
Background of the Research
Globalisation is defined as the procedure of the increase of profitable, social,
governmental and appreciation dealings around global edge or it is primarily intention at the
blending of socio-economy or political around boundaries (Bakan and Yildirimci, 2015).
Globalisation is a wider aspect which provides benefits to the businesses in developing
opportunities at market place. Barclay's bank is a British multinational investment bank or
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commercial enterprise service firm. The firm is also conducted its business through four core
enterprises like personal banking, corporate banking, wealth directions and investment carry off.
The main office of the business is in London, United Kingdom. The Bank was established in the
duration of 1690, the firm mainly deals in banking financial services (Perraton, 2015). Barclay's
bank has the staff of around 79,900 who are tributary their momentous attempts in the maturation
and process of an organisation. The company has providing wide range of banking facilities to
the individuals, businesses in different size etc. The key focus of an organisation is to processing
the transactions of business at world wide basis in order to achieving significant progression or
success within commercial centre.
Rational of the Research
The inquiry in actual consideration is depend over influence of globalization on the
functions of transnational banks in the circumstance of carry off rivalry. This is effective area of
academic investigation that is executed for addressing the chosen area of issue in effectual way,
thus this study is efficacious in rendering befitting data and information in developing the proper
understanding regarding the issue (Ben-Nasr, Boubaker and Rouatbi, 2015). The major purpose
of executing the investigation report the individual involvement or interest area of investigation
as the researcher wants to enhance their idea regarding the study. This exploration is also
effective on providing a proper assistance to the individual, learner, students or researcher to
heighten their accomplishment and cognition base for achieving potential edge.
Research Aim
To analyze the impact of globalization over the operations of multinational banks in the
context of managing competition. A case study on Barclays Bank.
Research Objectives
 To understand the role of globalization in the context of business.
 To identify the impact of globalization in UK banking industry.
 To determine the influence of globalization on the operations of Barclay's Bank. To access the ways through which Bracly's bank manage competition within global
market.
Research Questions
 What is the role of globalization in business context?
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 What is the impact of globalization in UK banking industry?
 Analyse the globalization influences on the operation of Barclays bank?
 What are the ways through which Barclay’s bank manage competition within global
market?
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Chapter 2: Literature Review
Literature review section is the central prospect of exploration action as it is impelling in
execution of in-depth study on the subject sphere of investigation. This area of exploration is
important in processing a abstractive hypothesis by examining the perception and views of
individuals. In this area of investigation information is mainly collected from secondary
perspectives as in this discussion has been made over the previous collected information
regarding a similar area of work and in this the key source of information accumulation are
books, journals, published research articles etc.
The role of globalization in the context of business.
According to the views expressed by Brandon Levy, 2012, Economic process is refers as
the procedure of processing connection among nations for the purpose of implementing easy
mercantilism. Globalization is a broad region that gives opportunities to the business to attain
maturation and occurrence through expansion of organisational transactions at global level. The
prosperous business development is mainly attained because of the developed interconnection in
between of nation normally result in an effective modular of their operations and improved the
business processes. In the business situation, globalization has an imperative aspect which
provide benefits to the progression of the organisation by providing them a wider area for
expansion. The key role of globalization are associated as below:
Business opportunities: This considered to be the key role performed through economic process
in the circumstance of an organisation, thus globalisation is effective in provider opportunities
for businesses through providing them a wider plat form to expand their operations at higher
level. This may resulted in heighten the global brand picture of the firm (Ducassy and
Montandrau, 2015).
Wider market reach: This is also an another key role of globalization, thus it is effective in
developing interconnection among people and business which could be beneficial for the firm in
enhancing the market reach. A wide market reach is the beneficial aspect, thus organizations
attained wide range of customers and this may effect in achievement of wider maturation and
occurrence.
The impact of globalization in UK banking industry.
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According to the views of Brandon Levy, 2012, Economic process is fundamentally
decided as the way toward creating interconnections inside nations as far as exchange and
business. The financial business was in the eye of the ongoing worldwide money related issues,
hereafter GFC, in which different districts and countries are seen as unforeseen or exceptional
decreases in banks' increase. These kind of regress bank execution is regularly considered as the
agents of bank disappointments and furthermore speaks to banking emergencies, alongside their
ensuing unfavourable outcomes on the general economy (Michie, 2017). Globalization is a huge
viewpoint which assumes diverse job in the development and accomplishment of worldwide
bank for example Improving worldwide activities, Develop openings, Higher aggressive edge,
differentiated market, higher remote salary and so forth. Financial industries are reasoned as the
potential piece of money related business that has immense effect on the monetary state of a
nation. Worldwide banks are the budgetary organizations that work at worldwide level and give
successful money related administrations to the customers and different organizations to
actualize account as the key wellspring of business (Epstein, 2018). Economic process perfumes
important role in creating up the actions of worldwide banks in upgrade of their tasks in
appropriate way. Globalization likewise assumes compelling job in creating open doors for
worldwide banks in achieving higher achievement and productivity through leading tasks at
more extensive scale.
The influence of globalization on the operations of Barclay's Bank.
As per the opinion expressed by Asli Demisguc-kunt, 2017, Globalisation is a wide
prospect that gives a broad opportunity to each segment of business to achieve significant
maturation or progression in between of the global market. From the worldwide financial crisis
of 2007, worldwide finance has pull in high interest by researcher, policy makers, or
stakeholders from the commercial enterprise area. Banking is the almost processing business that
has wide impact over the economical status of a region or state, thus economic process has
affirmative effect on the banking industry through providing a wider area to expansion of
business and attain higher growth. Globalisation assist an industry towards taking effective steps
to expansing their operations and providing benefits to the customers. The banking sector, refers
as the heart of the global financial conflicts, further more GFC, in multiple nations or regions are
perceiver as unexpected or unprecedented declines in the gains of banks (French, 2015). This
kind of non effective banking performance are seems as the representative of bank failures.
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Along with this, it also shows the banking crises and has a bad impression on the financial
position of a region. Multinational banks are the commercial enterprise association that ever
operates at wider basis and give effectual monetary employment to the customers, guest and
other enterprise to employ finance as the key aspect for execution of an organisational
operations. Economic process performs significant function in processing the transaction of
international banks in improvement of their trading functions in wide and effectual way.
The ways through which Barclay’s bank manage competition within global market
As per the thought expressed by John Varley, 2019, Previously, the administration of
Barclay's Bank resolute to put their focus over the treadle of execution. There were two key
explanation for which the growth of Barclay has been taken place, The possibility to develop
quicker development in share owner worth or it also plays a vital role in developing
organizational capabilities within the global market so that, in the terms of taking financial
benefits people are concern over the facilities offered by Barclay's thus, customers would like to
weighing of Barclays at the very beginning as it has famous for its good and effective facilities
that are being provided through the firm to their clients. Globalization is a key term which is
applied by business to attain growth at higher level (Galbreath, 2017). Barclay's is a
multinational bank which is widely focuses on enlargement of their organization at wider scale
for the intention of achieving progression and development. There are assorted ways which are
opt by Barclay's Bank, in managing competition within market in which some are associated as
below:
Setting up Vision: This consist to be the key influence of globalisation over the performance of
an organisation. Barclays has been an effective force in the operations of international banking or
Barclays is also recognised as a iconic brand which is famous for the effective services and high
brand image. Globalisation assist the firm in increasing the growth through processing the
dealings of business at global level.
Adoption of universal banking model: Barclays mostly serves their clients who are having the
range from individuals contract holders in Manchester, England, to firm dealing with their
dangers through methods for hard subordinates in various assessment locales over the globe
(Ogwezzy, 2015). Dynamically, by the by, customers can't be served in storehouses; for
example, our home loan undertaking in Spain is encouraged through the business capacity, by
Barclays Capital, to secularize that hazard to speculators. So business look for chances to sell
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and convey their authoritative administrations around interior limits. An individual advance
cooperative energies both inside two primary perspectives for example worldwide retail and
business banking or venture banking and speculation the executives or among the business tasks.
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Chapter 3: Research Methodology
This is alludes as the key aspect of an examination work in this manner it is compelling
in giving a huge bearing to the tesearcher to choose the appropriate sources that supports the
work in powerful way (Geppert, Matten and Williams, 2016). This area depends on the mix of
different applications that help the agent to execute the first examination exercises reasonable
way. The appropriate wellspring of philosophies are portrayed as underneath:
Type of Investigation: This is the significant thought of the analyst is to choose the most
reasonable sort for complete the work in right way. The sort is research is arranged among
qualitative or quantitative research type. The determination of the investigation type depends on
the information aggregated by the researcher (Hopper, Lassou and Soobaroyen, 2017). In the
existing exploration area both qualitative and quantitative instrument will be successful for
illustration substantial and dependable result. In this strategy both hypothetical and numerical
informations are assembled to tending to the issue in successful manner.
Research Philosophy: Investigation philosophy is another central area of the research actions,
thus it is hard-hitting in explanation a suited assistance to the research to transferral out the
action in proper manner. This part is encompasses on two key types one in interpretivism and
positive philosophy, thus In the existing investigation scenario interpretivism research
philosophy is taken into actual human action through the researcher as it is the about effectual
tool for accumulation of qualitative and quantitative substance through applying the views and
sentiment of communicator and writers, thus it is efficacious in rendering realistic information
that supports the work in reaching at the final outcome (Jha and Varkkey, 2017).
Research Approach: Research approach is recognised to be the key tool which aid the work in
correct manner by rendering data through analysis of actual situation and applying theories or
hypothesis. This part is classified in between of inductive and deductive investigation approach
(Graham, Leary and Roberts, 2015). In the present area of research inductive approach has been
condemned into actual action through the researcher as it is suitable for combined type of
methodology, thus this is suitable in providing accurate information through using appropriate
technique and hypothesis that aid the exploration in suitable manner.
Data Collection tools: The central considered area of an investigator is to choose the almost
appropriate source for aggregation of valid and tested data. Data collection is based on two
leading sources i.e. primary and secondary source of data aggregation, the mentioned 2 are
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effectual in collection of accurate content that are based on qualitative and quantitative aspects.
Primary information is suitable in providing new data through the perspective analysis of people
as in this data has been accumulated from survey, observation, interview, questionnaire etc. on
the different extremity secondary tools are appropriate in processing a theoretical model which
assist the activity in key direction as in this information is being accumulated by secondary
origin like books, journals, published research articles and many others. In the existing area of
exploration both primary and secondary tools are used through the investigators, thus these are
effectual in creating actual outcome. Primary tools are efficacious in executing survey by
processing a questionnaire thus this is effectual in gathering fact-full data by the opinion
analysis of people (KiM and Caporaso, 2016). Furthermore secondary sources are efficacious in
processing an trenchant section of literature view in which in-depth information has been
provided respect the chosen evaluation of investigation as in this data is accumulated via abstract
thought of the sentiment of assorted authors and writers.
Data Sampling: Information Sampling is a factual assessment evaluation that is connected to
choose, control or examine a delegate subset of data. Sampling is principally happens from the
first populace, in this way in this individuals are chosen from the wide population (Hanefeld,
2015). This segment depends on probabilistic and non-probabilistic selection tools. In this
present territory of exploration data is assembled by random sampling tools from the non-
probabilistic testing, this is the most important and appropriate instrument, since this will help in
giving equivalent opportunity to each respondent for being chosen in test. In this example size of
40 will be reasonable in amassing of pertinent data.
Ethical Consideration: The major recognition of the research worker is to precede investigation
ethics at the time of execution of an inquiry work. investigator has faces assorted problems and
issues at the time of executing an investigation. The key obligation of the investigator is to assure
their responsive in regards to maintaining confidentiality of their personal information, thus the
researcher should also not ask the questions that hampers the emotions and sentiments of people
(Homann, 2016). Another major consideration is the time factor, thus researcher also faces the
issue of time as the given time for this particular research is less and it is not possible for the
investigator to attempt all the actions in correct way. So for overcoming the issue researcher has
prepare a suitable time scale in that each activities are mentioned in decent way.
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Chapter 4: Data Analysis and Interpretation
Questionnaire
Q1) Are you having proper consideration over the concept of Globalisation in
terms of multi-national corporation?
Frequency
Yes 36
No 4
Q2) As per your perception, globalisation is efficacious for the development of
multinational banks ?
Frequency
Yes 38
No 2
Q3) Are you agree with this statement that behind the success of Barclay's Bank,
globalisation has the major role?
Frequency
Agree 37
Disagree 3
Q4) What is the major role of globalization in the context of banking business? Frequency
Managing competition 20
Increases in customer base 7
More access to finance 7
Improvement in services 6
Q5) What operations of Bank get influences with the global practices? Frequency
Customer support services 10
Operational Management 8
Financial Management 12
Customer relation management 10
Q6) Which kind of influence, globalization does have over the UK banking Frequency
10