THE BARCLAYS BANK
Barclays bank is one of the British multinational financial and banking service business companies that have its headquarters in London.
In connection to that, there are various duties or roles that the above bank’s manager does in ensuring that the daily activities of the bank run smoothly. The Barclays Bank manager is regarded as being the heart of the banking services offered by this organization. Typically, his or her responsibility entails managing the customers’ finances as well as saving time. As the manager of the bank, his or her role will be the management of workers to the point of increasing the general sale of the financial products and services (Downes et al, 2008). Such a manager also has the task of
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The Barclays Bank is extensively organized or divided into four core business branches, that is Personal and Corporate banking, Barclaycard as well as Investment Banking and Africa.
With respect to the roles played by the Barclays bank manager, there are various decisions that he or she makes in daily basis on during the start of the trading period. These decisions the Barclays bank manager has to make include;
➢ Strategic decisions
➢ Tactical decisions
➢ Operational decisions
On the other hand, the financial and accounting information and managerial accounting information include;
➢ With respect to the strategic decisions, these complex decisions that are basically made by the senior management. Such decisions majorly affect the whole direction that will be taken by the bank. Therefore the example of the information he will need for this decision may be to become one of the market leaders of their field (Cunningham et al, 2015).
➢ With the technical decisions, it should be noted that these are less complex decisions that are made by middle managers. Due to the fact that they follow the strategic decisions, their main aim is meeting the objectives that are stated in any of the strategic decision. An example of that information is the bank may be in the position of launching new services or just opening new branches. The objective for this is proving whether it might become the market leader.
➢ In
The Royal Bank of Canada (RBC) is the largest bank in Canada based on market capitalization. The bank was founded in Halifax, Nova Scotia in 1864 with the name, Merchants’ Bank of Halifax. Throughout the years, it has expanded globally through their offices in Canada, the U.S. and 49 other countries around the world. Royal Bank entered the 1990’s financially stable regardless of the severe economic challenges of the 1980’s. This allowed them to make strategic acquisitions of companies which paved the way for their transformation from retail bank to global financial services.
Barclays envisions itself as a leading transatlantic bank. It aims to generate sustainable value for its shareholders by emerging as one of the biggest consumer, corporate and investment banks catering some 24 million customers in the Personal, Wealth and Business Banking domains. Barclays aims to achieve this through its two business divisions namely Barclays UK and Barclays International. Following are some key strategic aims and objectives of the Group.
Strategic Management is the theory and practice of making decisions that shape the future of the firm. This course looks at the content and process of strategic decision making from the perspective of managers who are responsible for an entire business unit. These may be individuals who are acting in the capacity of a Chief Executive of a company, divisional General Managers, or departmental heads. It is also the perspective most
Barclays is a multinational banking and financial services company of British origin headquartered at London. It has operations in over 50 countries and has over 48 million customers. Its operations are in retail, wholesale and investment banking. Barclays traces its origin to the goldsmith banking business established in 1690. It has a primary listing in London stock exchange and a secondary listing in the New York stock exchange.
Understand the specific responsibilities of middle managers in enabling and organisation to achieve its goals
Barclays also operates in many other countries across the world, where it is a provider of services to multinational companies and financial companies. “The Woolwich” and “Woolwich” are trading names that Barclays operates under, and through these Barclays delivers banking solutions to UK retail and business banking customers. Barclays serves its customers through a variety of channels comprising the branch network, cash machines, telephone banking, and online banking and relationship managers. Key employees =
Different levels of managers evaluate and make strategic decision from different aspects. They contribute to strategies establishment based on their own areas.
Barclays financial service group came to life in the United Kingdom approximately 300 years ago. It started out first as goldsmith bankers and grew and expanded after that. After it became one of the best banks back then, Barclays began acquiring other banks across UK, such as Bolithos in Cornwall and the South West in 1905. By doing this Barclays became known throughout the company and so increased its market shares and profits. Whatever this company did was related to the fact that it wanted to increase its ability to perform its business effectively. Another great move made by Barclays is its acquisition of UK 's largest bank with its head office outside of London, Martin 's Bank, in 1969. There were many great banks within the
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.
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 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.
This paper will discuss the acquisition and the cultural skirmish between Barclays and Lehman brothers. This merger is very historic because the Lehman brother is one of the oldest banks of the United Province . It will discuss the challenges faced by direction of the new organization with particular reference to Man Resource Management and then on next stage we will discuss the Barclays PLC’s determination in merging with Lehman Brother . This analysis will consider event related to Culture, Conflict and Change.
Traditionally, strategic decisions were thought of as "big decisions" made by general managers. However, big strategic decisions may not be the only source of competitive
Barclays is a British multinational bank and finance services company founded in London. It operates in retail, wholesale and investment banking, wealth management, mortgage lending and credit cards. It is found in over 50 countries and territories and has around 48 million clients around the globe. Its total asset is US$2.42 trillion as of December 2011 and is the seventh-largest of any bank worldwide.
Threats alternatives : Barclays Bank Provided products different from the rest of the banks that offer similar products in order to maintain the survival of the bank at the forefront among its competitors , by providing securities fixed income , mutual funds and insurance , in contrast there is a significant threat to Barclays Bank in sustainability with the existence of institutions Non-banking that provides financial services Such as that provided by the