Unit 11 Research Proposal: Globalisation of Financial Services

This research proposal investigates the impact of globalisation on financial services, focusing on NBS Nationwide Building Society. The study aims to analyze the concept and importance of globalisation, identify its effects on financial services, and explore ways for NBS to globalise their services. It also examines the benefits and challenges of globalisation in the banking industry. The research employs a mixed-methods approach, including literature reviews and data collection through questionnaires. The proposal outlines the research philosophy, approach, strategies, and data collection methods, with a timeline for activities. The project seeks to understand how globalisation affects financial services and how NBS can adapt to the global market, contributing to the understanding of business expansion and strategic planning in the finance sector. The proposal also highlights the importance of understanding the challenges of globalization within the context of banking, like tracking transactions and reporting.

Research Proposal Form
Unit: Unit 11 – Research Project (Accounting & Finance Pathway)
Learners Declaration: I certify that the work submitted for this unit is my own and the
research sources are fully acknowledged.
Plagiarism: Any act of plagiarism will be seriously dealt with according to the College’s
and awarding bodies’ regulations. In this context the definition and scope of plagiarism are
presented below: Plagiarism is presenting someone’s work as your own. It includes
copying information directly from the web or books without referencing the material;
submitting joint coursework as an individual effort; copying another student’s
coursework; stealing coursework from another student and submitting it as your own
work. Suspected plagiarism will be investigated and if found to have occurred will be dealt
with according to the college procedure. (For further details please refer to 5.j.i the
Academic Misconduct policy and procedure; 5.j.ii Academic Misconduct Student Guide;
5.n.v Plagiarism Student Handbook, all available on HELP.)
Proposed Title: The Globalization of Financial Services.
Title or working title of the research project (in the form of a question, objective or
hypothesis)
To examine and determine the impact of Globalisation of Financial services in accounting and
finance Pathway.
Research aim
“To analyse the impact of globalisation on financial services”. A case study on NBS Nationwide
Building Society.
Research objectives (e.g what is the question you want to answer? What do you want to learn
how to do? What do you want to find out?):
 To analyse the concept and importance of Globalisation.
 To identify the impact of globalisation on financial services.

 To identify various ways through which NBS can globalise their financial services
 To analyse benefits of globalisation in the context of banking industry especially in NBS.
 To evaluate challenges of globalisation in the context of banking industry especially in NBS.
Research Question.
 What are crucial significance of Globalisation?
 How Globalisation impact on financial services?
 What are different ways that can help NBS to globalise their financial services?
 What are various advantages of globalisation to NBS?
 How globalisation can bring challenges in the context of banking industry?
Section Two: Reasons for choosing this research project
Reasons for choosing the project (e.g links to other subjects you are studying, personal
interest, future plans, knowledge/skills you want to improve, why the topic is important):
It is very important to understand the importance of globalisation as it help the companies, bank and other
financial institution to globalise their business and services in different nation. The primary reason for
holding research on globalisation is to enlarge the skills and knowledge of learner in several crucial business
area. It also help in developing various strategies and implementation of these action plan in order to
globalise business in new wider marketplace. This investigation is also helpful in analysing and evaluating
various advantages and disadvantages of globalisation on financial services. Selecting this particular topic in
research work enable to better understand the ways of expanding business in other countries, therefore it
is an important topic which help to make future plans effective and formulate strategies that are beneficial
in further studies.
The other important reason for choosing the relevant topic is it enable assorted professional to increase
efficiency and create skills and knowledge that are beneficial in conducting business at international level in
better organised and profitable manner. This respective investigation would also support Nationwide
building society to operate business in most economical and beneficial manner resulting to attain profit
objective.
Section Three: Literature sources searched
Use of key literature sources to support your research question, objective or hypothesis:
Concept and importance of Globalisation.
According to Rosenau, 2017., the process that help the entire world to be a single market is known
as globalisation. It means that product and services, capital and labour are treated on global level
that help different companies to operate business at gain profitability. It support in raising the living

standard of people as various goods and services are provided for their benefits.
Identify the impact of globalisation on financial services.
Asongu and Tchamyou, 2016. states that integration of finance in to global production network
mainly indicates towards aiming the globalizing the regional development. The global production
network helps to communicate the economies and regional development in developing countries.
Interrelation between the GPN and the GFN are highlighted with more contingent manner.
Various ways through which NBS can globalise their financial services
As per the opinion of David Wijeratne, there are various ways that help an organisation to globalise their
business. The very first step is related with analysing market research and determine the current trends.
Thus, it is crucial for management of NBS to investigate circumstance before entering in emerging market
by considering latest competition, laws, regulations and situations etc. Some of the basic strategies, which
help nationwide building society to enter into new market.
Benefits of globalisation in the context of banking industry especially in NBS
As per Hyde and Higgs, 2016 globalisation in financial services get benefited by initiating the
development and growth opportunities in banking sector. NBS bank can get benefits by adapting its global
financial tactics. Major benefit of integrating financial services internationally is increment in foreign
exchange reserves and large capital and revenue structure.
Challenges of globalisation in the context of banking industry especially in NBS
Zakari (2014) states that tracking the transactions and the reporting for these financial statements is one of
the challenging factor that remain essential in terms of globalisation of financial services. As NBS is one of
have to track the details and the structure of business in various forms with critical analysis.
Rosenau, J. N., 2017. Globalisation and governance: sustainability between fragmentation and
integration. In Governance and Sustainability (pp. 20-38). Routledge.
Sufian, F. and Habibullah, M.S., 2012. Globalization and bank efficiency nexus: Symbiosis or
parasites?. Review of Development Finance, 2(3-4), pp.139-155.
Hyde, M. and Higgs, P., 2016. Ageing and globalisation. Policy Press.
Asongu, S. A. and Tchamyou, V. S., 2016. The impact of entrepreneurship on knowledge economy
in Africa. Journal of Entrepreneurship in Emerging Economies, 8(1), pp.101-131.
Section Four: Activities and timescales

Activities to be carried out during the research project (e.g research,
development and analysis of ideas, writing, data collection, numerical
analysis, tutor meetings, production of final outcome, evaluation, writing
the report):
Activities Time Taken
Introduction 8 days
Creating Aims and Objective 10 days
Literature Review 12 days
Research methodology 15 days
Data collection 20 days
Data analysis 10 days
Recommendation 4 days
Submission 2 days
How long this
will take:
The overall
research will take
approx 3 months
for accurate
result.
Milestone one: _________________
Target date (set by tutor): ____________________
Milestone two: _______________________
Target date (set by tutor): ______________________
Gantt Chart

Section Five: Research approach and methodologies
What type of research approach and methodologies are you likely to use and why? What your
areas of research will cover:
Research Philosophy: It is a defined as the group of beliefs related to the data being really
investigate to get better result. The mainly differ in the aim of research and give the other best ways
that help in accomplishing overall goals. Thus, the understanding of research philosophy is used to
explain the assumption inherent in the research.
Research approach: There are mainly two kind of approach such as deductive and inductive. The
deductive method of research help to create the hypothesis related with pre-existing and develop the
test appropriate for better result. On the other side the inductive approach is used in qualitative
research that help in benefiting the research my reducing the potential for researcher bias in the data
collection stage.
Quantitative Approach: It is related with quantitative data as it contain various number accepted
by the standard of statical data collected for the validity of different approach and these number of
representative are needed to develop a statistically important results. This method are most
effectively used for situation that contain more number of respondents available and is used to get
better result.
Qualitative Approach: It is requires by the researcher to avoid the imposing of its own perception and help
to investigate the reality of individual. This presents the challenge of creating a methodology that is framed
by the respondent rather than by the researcher.
Research Strategy: It help to deliver effective style for carrying valuable research to a relearnt
topic. It is consider to be a case study methods in which useful questionnaire are prepared to
determine results.
Choices: This is a method that is a combination of qualitative and quantitative method that help to
make more meaningful research and determine the best suitable results.
Time Horizon: This is related with actual total time included while doing each and every activity
related with research in proper manner. There are mainly two kind of time horizons such as
longitudinal and cross sectional on the basis of which activities are divided. The above research is

depended on longitudinal part as the investigation is linked with particular criteria.
Data collection methods: There are two important sources of collecting data primary and
secondary which help in collecting authentic data. In primary data the use to create questionnaire
and ask form respective respondent. On the other side the secondary data is helpful in conducting
appropriate literature review.
What are the sampling techniques you are going to use for research project and how those methods
are suitable?
In this particular research work, investigator mainly used simple random sampling techniques in
which the individual have equal chance of being selected so that decision are made to determine the
importance of topic and outcome of globalisation of financial services.
what is the sample size?
To conduct research, the total number of individual that have been selected are 30 which are part of
company and are responsible to manage and run useful activities.
How do you analyse the data?
There are number of useful techniques to analyse data, but in this particular research questionnaire
is being prepared and review of each individual are being generated so that actual results are
determined. With the help of review of employees table are being prepared so that decision are
made for better improvement.
Discuss the ethical issues
Study design and ethical approval:
It is necessary to get a valid and suitable approval from Institution of review board, otherwise it will
be unethical to include any participant in research work.
Data analysis:
It is crucial for the research to examine the data in appropriate, otherwise there can be ethical
issues related to misconduct, misinterpretation and may also mislead the user of research
report.

What are the limitations for your research project?
There are certain limitations that are relevant to research work such as:
 Lack of authentic and reliable data which makes hard to define results.
 Cultural and other type of bias.
 Lack of prior research studies relevant to specific data of research.
Comments and agreement from tutor
Comments (optional):
I confirm that the project is not work which has been or will be submitted for another
qualification and is appropriate.
Agreed: ________________ (name)_______________ Date ______________
Comments and agreement form project proposal checker( IV sampling)
Comments (Optional):
I confirm that the project is appropriate.
Agreed /Disagree:

(Name of the IV) Date
Research Ethics approval form
All students conducting research activity that involves human participants or the use of data collected
form human participants are required to gain ethical approval before commencing their research. Please
answer all relevant questions and note that your form may be returned if incomplete.
For further support and guidance please see your respective Unit Tutor: Before completing this form, we
advise that you discuss your proposed research fully with your unit tutor. Please complete this form in
good time before your research project is due to commence.
Section 1: Basic details:
Project title: Different strategies employed by business to enter emerging market
Programme: Unit 11 – Research Project (Accounting & Finance Pathway)
Intended research start date:
Intended research end date:
Section 2 Project summary
Please select all research methods that you plan to use as a part of your project:
➢ Interviews Yes No
➢ Questionnaires Yes No
➢ Observations Yes No
➢ Use of personal records Yes No
➢ Data Analysis Yes No
➢ Action Research Yes No
➢ Focus Groups Yes No
➢ Others (Please specify):
Section 3: Participants
Please answer the following questions, giving full details where necessary.
Will your research involve human participants?

Who are the participants? Tick all that apply:
Ages 12-16: Young people aged: 17-18 Adults: More than 18
How will participants be recruited (identified an approached)?
The participants will be recruit by conducting interviews.
Describe the processes you will use to inform participants about what you are doing:
Through using email, researcher will inform the participants.
How will you obtain consent from participants? Will this be written? How will it be made clear to
participants that they may withdraw consent to participate at any time?
The consent will be obtaining from participants through using email and it will be in the form of written.
Studies involving questionnaires: will participants be given the option of omitting questions that do not
wish to answer?
Yes No
If no, please explain why below and ensure that you cover any ethical issues arising from this
Studies involving observation: Confirm whether participants will be asked for their informed consent to
be observed.
Yes No
Will you debrief participants at the end of their participation (i.e give them a brief explanation of the
study)?
Yes No
Will participants be given information about the findings of your study? (This could be a brief summary
of your findings in general)
Yes No
Section 4: Data Storage and Security
Confirm that all personal data will be stored and processed in compliance with the Data Protection Act
(1998)

Yes No
Who will have access to the data and personal information?
During the research:
Where will the data be stored?
The data will be stored in hard disk and personal computer.
Will mobile devices such as USB storage and laptops be used
Yes No
If Yes, please provide further details:
After the research:
Where will the data be stored?
The data will be stored in hard disk and personal computer.
How long will the data and records be kept for and in what format?
The data and records will kept for long time and it will be in word format.
Will data be kept for use by other researchers? Yes No
Section 5 : Ethical Issues
Are there any particular features of your proposed work, which may raise ethical concerns? If so, please
outline how you will deal with these:
It is important that you demonstrate your awareness of potential risks that may arise because of your
research. Please consider/address all issues that may apply. Ethical concerns may include, but are not
limited to the following:
➢ Informed consent.
➢ Potentially vulnerable participants
➢ Sensitive topics
➢ Risk to participants and /or researchers
➢ Confidentiality/anonymity
➢ Disclosures/ limits to confidentiality

➢ Data storage and security, both during and after the research (including transfer, sharing, encryption,
protection).
➢ Reporting
➢ Dissemination and use of your findings.
Section 6: Declaration
I have read, understood and will abide by the institution’s Research and Ethics Policy
Yes No
I have discussed the ethical issues relating to my research with my Unit Tutor:
Yes No
I confirm that to the best of my knowledge: YES
The above information is correct, and this is a full description of the ethical issues that may arise in
the course of my research
Date:27/05/2019
Please submit your completed form to your supervisor and also attach to the Research Proposal when
submitting to Turnitin.