• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27

Barclays Investigating a Business

Extracts from this document...


Investigating Business In this unit I am aiming to study the objectives and aims that not-for-profit and profit businesses try to achieve. In this unit it will be split into 4 main sections which consist of: * Describing the main objectives and aims of the business and how external environment factors have affected the ability of the business to achieve their aims and objectives, using Barclays Bank for examples. * Explaining how enterprise skills, marketing activities and teams have contributed to the success of the business. * Analysing how enterprise skills, marketing activities and teams have contributed to the success of the business. * Judge how the business has achieved its main objectives and aims and evaluate the key factors that have contributed to this. Barclays Bank is a Public Limited company (plc) which specialises in financial services. Through being a PLC this means Barclays sells shares (�6.80) which means part of the company is owned by shareholders. Although Barclays is UK based it has many organisations worldwide such as USA, Africa and Asia. The first Barclays Bank can be traced back to as early as 1896 and today is the third largest bank in the United Kingdom. However, by total assets Barclays is in fact the largest bank in the world1. Barclays Bank specialises in five main sections consisting of UK banking, International Retail and Commercial Banking, Barclays Capital, Wealth Management and Barclaycard. Each section consists of separate segments explaining how best to manage and invest your money. UK Banking Barclays provides an easy way for banking through; cash machines, the branch network, online banking, telephone banking and relationship managers. These sections are then split into two separate sections; UK retail banking and UK Business banking2. UK Retail Banking At present Barclay's UK retail banking provide 14 million retail customers with services including savings, current account, mortgages (Woolwich) and general insurance. UK Business Banking Barclays provides banking to medium sized and large businesses. ...read more.


This may mean spending a lot of their profit on adverts which could benefit them in the long run if they were to best advertise their bank. Also, if they are perceived to have a well run bank with a highly known brand name this may mean higher consumer confidence when using their services. As there are also other banks such as HSBC, Lloyds TSB, Natwest and Abbey National who are Oligopoly's as well as Barclays, they need to ensure that they make customers aware of special offers and their brilliant products. From many adverts we can see how all these main banks compare themselves with the others in order to show they are the best when it comes to certain products. Not only are these advertised widely on TV but also just walking down a local high street you would be able to see the ever rising competition between banks. With the ever rising use of internet banking there is yet more competition for Barclays to contend with. Not only are the usual high street banks now providing internet services but also other financial providers such as Egg and smile.co.uk. Internet banking provides people with the option to look at their accounts online and apply for certain services. This is ideal for busy people who do not have the time to visit a bank. Although Barclays has the advantage of already being a well known brand, some people will be willing to take the chance and venture to other online banking services. Online Banking service 'Egg' is competition for Barclays as they provide competitive rates and services. Barclays need to make sure that their product is the best compares to all the other banks if they are to become 'the best.' Legal, Ethnic and Social Issues Legal Issues Legislation is a set of rules set mainly by the Government but can also be influenced by International bodies. ...read more.


Enhance Operational Excellence From entering a Barclays Bank you would automatically see how they work within teams to ensure the best for their customers. As researched we know how Barclay's employees and managers both go on training weekends which allows them to interact within groups they wouldn't usually work with but also to learn new skills in a fun environment. This has built a strong team structure for Barclays which has shown in both their work and to their customers. However, as present they do not seem to be offering the best value for money and being undercut by other branches such as Abbey National23 and HSBC24. A representative from Barclays has stated that their branch in Wimbledon were inefficient and struggling to meet objectives. This could cause a big down fall for Barclays as if they are not seen as a well run business they may no longer attract potential customers and lose existing customers to competition. A way to avoid this may be to reduce the number of products that are available as with the vast amount they offer at present they may begin to lose focus and start neglecting their customer needs. Although Barclays do appear to have strong team work within their businesses they need to ensure they are strong enough to reach this target. At the moment I believe Barclays should be concentrating on how to make their products better as this will enhance operational excellence. Overall we can see how Barclays are well on the way to high success of they keep working hard to achieve their targets and build the 'best' bank for customers worldwide. However from this we can also see how Barclays need to make sure that they are offering the best rates in order to beat competition. 1 http://en.wikipedia.org/wiki/Barclays_Bank 2 Http://www.barclays.co.uk/ 3 http://www.newsroom.barclays.co.uk/content/detail.asp?NewsAreaID=111 4 http://www.ethrev.com/news/Nov2006/11022006News_dispute_over_visa_card.html 5 Http://www.oxfam.org.uk/ 6 http://www.oxfam.org.uk/ 7 http://www.statistics.gov.uk/cci/nugget.asp?id=12 8 http://www.aboutproperty.co.uk/news/uk-property/england-greater-london/halifax-house-prices-in-london-$471859.htm 9 http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/mr.stm 10 www.consumerline.org/search/?cat=Money+Matter&item=Using+a+Credt+Card 11 www.recordsmanagement.ed.ac.uk/InfoStaff/DPstaff/DPPrinciples.htm 12 en.wikipedia.org/ 13 www.barclays.com 14 www.barclays.com 15 www.personal.barclays.co.uk/BRC1/jsp/brccontrol?task=articleFWsocial&value=10640&target=_self&site=pfs 16 www.barclaysgeneralinsurance.co.uk/Barclays/site/travel/home 17 http://en.wikipedia.org/wiki/Team_building 18 www.activetraining.org.uk 19 http://changingminds. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    would not be able to sell the houses they build which means they are not building new houses as much, this then also affects people who supply building materials. The housing industry is a big part of economy and it can have a knock on effect on many other types

  2. I have identified four contrasting businesses they are as follows: KFC John Lewis ...

    > Must pay corporation tax. John Lewis is a supplier of consumer goods in the fashion, household and food markets. The company has two major focuses within the UK retail, which are, selling fashion and household goods through 26 branches of john Lewis department stores.

  1. Introduction to Business Assignment

    Sainsbury's try to do this by having stores that are differentiated, reflecting the variety of market places that they occupy. In order to make the most of their 463 stores, these are classified according to three different formats: 275 stores are classified as 'Main Mission' outlets.

  2. Btec National Business Level 3 Year 1 - Exploring Business Activity

    They may, in some countries, be subject to state scrutiny if they wish to qualify for charitable status. Voluntary sector organisations are Oxfam. Types of ownership Sole trader - most small businesses are sole trader. Examples include plumbers, hairdressers, newsagents and fishmongers.

  1. This is a detailed business report on Sainbsurys.

    The human resource department is beneficial to Sainsburys and it is through this department that Sainsburys can ensure reaching the objective having the right workforce with quality customer service * finance - will keep a record of all money coming in and going out of the business.

  2. Explain the purpose of keeping accurate financial records.

    As you can see this contradicts that a partnership will be made up of people with a variety of skills, where a sole trader will only include one person with the responsibility of carrying out all the tasks. The investment of a sole trader and the capital generated is up

  1. Applied Business Studies Unit 1: Investigating Business

    that all their advertising material, product guides and brochures are accurate, and that the information given before a sale is made is correct and not misleading in anyway. Furthermore their product specifications must be accurate and relevant. The packaging of each product should have the size and weight of the

  2. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    The first objective is ?To grow the UK core? The objective is just as relevant in present day as much as it was back in 1997. Tesco is the largest business group UK and is a key driver in making sales and profit.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work