Barclays Stakeholders engagement
Barclays recognize the legitimate interest of their stakeholders when seeking to challenge and influence business decisions. Barclay 's responsibility is to first communicate with its employees about issues affecting them when these are not in public domain. To provide proper service to their stakeholders Barclays had formed various committees to look after the internal and external stakeholders. (BPP learning media, ‘Business strategy ')
3a) Identify Barclays Bank’s current strategy i.e. market entry, substantive growth, limited growth, retrenchment etc. and explain why it is an appropriate and justified strategy for the business.
Barclays Bank Market Entry Strategy
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The company has a set of priorities where it focuses its budget on. The company has been doing well financially but it still wants to maintain its financial standing through providing an effective and efficient service with lesser cost and maintained profits. (Rao V S P., Hari Krishna V, (2008): Strategic management)
LIMITED GROWTH
And all this talk of Barclays wanting to get rid of its 62% stake in its Africa business is naturally viewed as an indication that the story of African growth isn 't as real as many "Africa rising" headlines have been suggesting.
When a leading British bank gives up a legacy and a long history of operating in Africa, it 's not a good a sign.
RETRENCHMENT
In case of Barclays it does not require retrenchment strategy as almost in all sectors it is showing a consistent growth. Example Barclays can achieve growth through acquisition of new business or divesting itself of unprofitable ventures. Depending on the situational demands, therefore, Barclays can employ various strategies to survive and remain profitable (www.barclays.com).
3b) Take this further by also analysing how Barclays Bank might use alternative strategies.
LEVELS OF STRATEGIES OF BARCLAYS
Barclays can see where they make their losses and try to develop
The purpose of this paper is to describe the budget process, variances and the major reasons of the variance to make all the financial decisions of the firm properly. This paper would also be helpful to explain that “make” or “Buy” decisions also play a significant role to improve the efficiency of the firm. In addition, the paper would also be useful to clarify that non-financial performance measure may be unsafe for the image of the firm.
The bank at some point received negative attention for issuing credit to arms companies, including companies like Boeing, Lockheed Martin, General Dynamics, Textron, Colbun, BAE Systems and EADS. Some companies within the bank’s portfolio have also been involved in environmental and labor rights violations scandals, for instance Wal-Mart and Total USA. This negative attention may lead to loss of investor confidence in the bank.
The conflict arise and the management felt the pressure because Eagleeye and the investors threatened them that they will sell all of their shares and large institutional will left the bank. The reason is they do not want the firm to spend too much financial capital into the growth plan. Their purpose for the bank is to become an ideal target for other companies to acquire so they can earn the profit from selling the bank.
Evaluate RBC strategy and organizational structure. Is RBC well equipped to compete with niche operators such as internet-only banks with focused product offerings?
CIBC has focused its core business on retail and business banking, wealth management, and whole sale banking. They have shown a proven track record of providing there customers with financial services and advice through a group upwards of 1100 branches worldwide. Strategies CIBC has portrayed is to continually find new ways to enhance the experience of the client and to stimulate safe revenue growth. CIBC has put emphases on creating deep meaningful relationships with all clients, constantly trying new ways to improve service and sales prospects and to create relationships with new clients while retaining existing clients for a long period of time (CIBC).
This report will capture the various way each primary external factors influences the growth and performance of Barclays bank in the financial sector.
Referring to Vice President of Finance, he want to pursue the current approach because they are in profitable based on contribution margin by 35 percent. The company just needs to monitor their margin in control their cost well.
The strategic allocation of resources for an organizations goals must both be short term, and long term. It must take into consideration costs of employment, costs of service, costs of insurance, costs of resources for operation, timetables for the managment of these costs and (last but not least) sources of revenue. Of course, accurate ways of measuring the effectiveness of funds (i.e. are the funds our organization allocates for project-X yielding the successful results-Y that we are looking for) are also indispensible aspects of financial management, crucial to any organization. This, too, implies an ability to keep accurate records of where financial resources go in an organization; the more detailed and up-to-date, the better. (Already, we begin to see how, within financial managment, information management becomes important).
According to the RBC’s Code of Conduct, “We will always earn the right to be our clients’ first choice.” The bank has made clients as its first choice. RBC has trained its staff to prefer clients’ need above their own needs. The staff listens to the requirement of the client with compassion, and provides the service as per the customers need. It maintains a respectful, clear, and fair relation with its customers, it never mislead its customers by providing incorrect
You raised some really valid points about RBS Bank. In order to gain the trust of its stakeholders, the bank needs to take account of its social, environmental and economic impact going forward. RBS's executives should have an understanding of its culture deeply in order to know its issues and how to make adjustments to its business strategy. There is still a long way to go to repair the bank’s reputation, finances and the economy.
1. Discuss the strategies that Mountain Bank should implement to achieve a competitive advantage in the marketplace.
Deciding if the UK is still in the grips of the GFC is something debated by many, but whatever the case may be, it appears that banking companies still present investors with a popular investment opportunity. Of all UK based banks, a single entity stands out from all the others. Barclays have coped with the financial crisis better than many others, and this means that their customer base is still as strong as ever. The company has shaken off what has weighed other banks down and because of this, their stock price remains almost surprisingly steady. However, Barclays shares are just like other shares in that selling them at the right time is a worthwhile thing to do. Taking that into consideration, here is how you can sell Barclays shares.
Barclays as a financial institution has established itself as a major player in the global financial services and banking sector. The company has spread out from its native UK to the rest of the world and its presence in developing regions of South Asia and Africa is massive. Barclays has become a global player in the market for financial services and may continue to grow even further as the years go by.
According to group´s performance from 2002-2006 identifies that Barclays´ performance underpinnings are represented by its strategy of acquiring other banking (such as ABN Amro and Banco Zaragozano) concerns to expand its retail as well as other banking services through representation in international markets as represented by the bank’s presence in 60 countries. This provides Barclays with the means to sell its highly profitable investment banking services as well as be positioned to service the cadre of multinational companies that utilize its diverse banking financial service packages.
As at September 2008 it was the largest bank in the country and all of West Africa with total assets of ₦2.5 trillion (US$21