Barclays to profit hungry and expanding into

Barclays be more environmentally friendly by 2023 ? To increase 16 plus members of society employability status by 2020 ? To see one region of Africa have Barclays accounts by 2023 The key strategic issue facing Barclays is that they need to sort out their publicity as they appear to profit hungry and expanding into new divisions they forget about having a CSR is every division which will benefit the customer. ? The business will add value to the stakeholder by more profitable and efficient by saving funds it has and investing it will increase the market share and the stakeholder profitability. ? Believe it or not the competition amongst Banks is now very competitive and with this comes a plethora of customers in a crowded market. In order to stand out and attract new consumers Barclays must embed corporate social responsibility as this attracts ethical consumers who will not only vouch for the company but have loyalty. This not only shows that a company is profit hungry but it considers the environment it is operating in and how it can make an impact. ? Corporate social responsibility is now becoming more prominent as competiton within ? For companies winding up there is a process they will have to go to court where a official receiver will liquidate all companies assets to their creditor which is the process of the business winding up however businesses who are in debt do have a choice to protest the hearing after 7 days of the HMRC contacting them if this does not occur then the business lifecycle will end Name: XXXX; Student ID No: YYY; Course ID: BM4001 Autumn 2017; Assessment Part 1 Page 8 of 12 Critical Analysis ? Political: EU do it later Barclays must consider external political factors. The culture at Barclays at the moment seems as if everyone has forgotten about the past occurrence of the credit crunch. And how the bank of England and the government set emergency measure to ensure there was emergency funds for banks. The board must consider that the government interest rate for banks will fluctuate. I would recommend preparing for this external issue by having funds saved in the business and offer incentives to consumers whether they be external businesses or an member of society who banks at Barclays. These incentives can be for those who save funds for example so that when the interest rate drops members of the bank don’t withdraw their money because of the attractive incentive this will aid our department in investment banking as we will be able to invest in to ventures which will help our Africa Banking project and help members of society be more prosperous. ? Economical: Barclays must consider economically factors. If people are not injecting funds into Barclays Banks due to the fact that members of society do not want to inject fund into the Bank because of the high interest rate and because people want to inject their funds into the banks. This is significant because Barclays are an international company the value of money is not the same so what occurs in one division affects the other so Barclays need to ensure that they have a plan in place in case a division for example the Africa Group lose significant amount of funds. I would recommend the Board consider a international emergency fund instead of going to the international monetary fund Barclays can run a international emergency fund and allow other banks to buy the shares and use those funds as a safety net to ensure that Barclays has enough funds and any economical trade barrier is overthrown. ? One of the social factors Barclays do take into account is employment and are aiding banks pump money back into the community by aiding members who are 16 plus gain jobs who face barriers. This is significant as this is not only apart of Barclays Social Corporate responsibility, Barclays will also be able to gain more funds from helping their partnering business. However I would suggest that Barclays should consider that there is a huge deficit in employment when it comes to members of society who are 16 plus I would recommend Barclays work with a certain region first and see a significant amount of progress in employment first and move on to the rest of the UK. ? Technological: One of the technological factors Barclays must face is cyber security. Today society is more technological and Barclays realise this also we have provided online banking. However one must consider that there are more cyber-attacks more than ever before and like Tesco bank hackers can code their way into a company’s system such as Barclays and steal all their funds. I would recommend that Barclays deal with this issue by having a scheme where they recruit young members of society who are leaving sixth form or college who are computer literature and are Name: XXXX; Student ID No: YYY; Course ID: BM4001 Autumn 2017; Assessment Part 1 Page 9 of 12 tech savvy who can formulate fire walls and codes in order to aid Barclays with this technological system working here has made me realise that the companies system needs to be amended. ? Environmental: One of the environmental issues Barclays faces which I have seen first-hand is that they use an excessive amount of paper. This means trees must be getting cut down which increases the companies carbon footprint which is not good for the company as they have ethical users who may stop using Barclays bank due to it being unethical. The way Barclays can overcome this environmental issue is by using more technological i.e. using tablets for customers to sign banking forms instead of having 100’s of copies of papers that end up getting littered. Legal: The government is going to be enrolling banks to check 70 million bank accounts in order to prevent illegal immigration this affects Barclays as they would have to purchase new systems to accommodate this change and bring about stability in the immigration sector. I would recommend Barclays creating a technological system linked with the home office so if any wrong legal details Barclays can send migrants to the home office instead of having to deal with thousands of customer complaints. For Barclays the government is going to authorise ring fencing meaning that retail and investment banking must be separate. This means that Barclays and its competitors must put certain customers i.e. businesses inside the ring-fence which is going to be time consuming and means that Barclays cannot take advantage of funds outside the ringfence. Which means that we are going to have to change startergies The invisible hand is how companies can benefit from a free market economy can impact Barclays positively as they will be able to exploit the free market by taking funds injected into the banks which is in the regulated as a result consumers are using it in order to make investments as I am doing in the investment bank division which will enable Barclays to have more funds which will enable the company to Name: XXXX; Student ID No: YYY; Course ID: BM4001 Autumn 2017; Assessment Part 1 Page 10 of 12 benefit from the invisible hand. However, This can affect Barclays negatively as they will be creating a class divide in society due to the fact they are benefiting from the goods and services their providing in the regulated economy ethical customers and competitors will deem this as social inequality and making the poor poorer meaning Barclays National and international reputation is at state. This is where the government comes in and introduces tax so Barclays must pay corporation tax which is pumped back into our economy which will overcome the sceptics who say Barclays is trying to create a class divide in society. However the visible hand states that companies best thrive under the visible hand. This is when the market is not free but private as a result this can impact Barclays positively as they would not need to inject any funds into the government however they can use it to continue to expand. However one cannot ignore that the visible hand would be detrimental unto Barclays as customers will have less disposal income to inject due to the fact that the government will be short handed in funds. ? The executive board have asked that you also identify two relevant regulations that will affect the organisation and explain the potential impact they could have Brexit ring fencing ? One regulation that will affect Barclays is the UK leaving the EU because of the leaving the free single market we know that Barclays have plans to expand to Dublin to mitigate leaving the EU is a downfall due to financial uncertainty. This affects our investment bank division as Barclays due to the fact stock and the pound would decrease and there will be tariffs in trading in the EU Barclays will be restricted in what is now their freedom to have Barclay UK and international coincide together. I would recommend Barclays should close offices in the UK and set up new ones in Dublin in order to have a safety net of stability so if the UK economy does suffer as a result of leaving the EU Barclays UK will still be financially stable. ? For Barclays the government is going to authorise ring fencing meaning that retail and investment banking must be separate. This means that Barclays and its competitors must put certain customers i.e. businesses inside the ring-fence which is going to be time consuming and means that Barclays cannot take advantage of funds outside the ringfence. Which means that we are going to have to change strategies I would recommend now Barclays focus on Barclays international Africa Group as there is a lot of free land produce and agriculture which can be invested outside the ring fence which would bring about financial change for Barclays. Name: XXXX; Student ID No: YYY; Course ID: BM4001 Autumn 2017; Assessment P