1

Task 1

Different types of organizations..1

How organization meets objectives2

Responsibilities of an organizations....4

Task 2

Allocating Resources .6

Effects of Fiscal and Monetary policies 8

Impact of competitions policies..9

Task 3

Market structures and Organizations10

Market forces and Organizational resources.....11

Culture and Environments ....12

Task 4

Signify of international trade.13

Global Factors of International markets 14

Policies of Europium Union...15

References.16
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AC1.1 Identify the type of organisation you have chosen and its main purpose

Barclays Bank:-

Barclays is an international bank which has been working since 1690. It is headquartered in
London and is having a large chain spread throughout the globe in around 50 countries with 48
million customers. Barclays is famous for offering good deals, loans, banks accounts to its
customers and satisfy them to a large extinct. Barclays is the first largest bank of United
Kingdom.

Barclays Status:-

Barclays is a private business organization which is spread on an international level. It has a

partnership with UNICEF for supporting the young people. It has helped a lot of the unemployed
people and is working with local as well as national governments. It has launched policies for the
support and benefits of the young people on a large scale and long term business base.

Purpose of Working:-

Every profit organization works for the sake of getting profit for the progress and prosperity of
any organization. Barclays mission is also the same as other organizations, but its purpose on the
other hand is to support the young generation that is needy or unemployed with the partnership
with UNICEF. From the view of banking sector, Barclays purpose is to satisfy all the needs and
wants of its customers and employees.

Mission and Values of Barclays Bank:-

Mission:-

Helping people achieve their ambitions in the right way.

Values:-

Barclays words for its values are;-

For our Values to have true meaning, employees need to live and breathe them.
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Some of the basic points that falls under the category of its values are:-

Respect

Stewardship

Excellence

Integrity

Service
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AC1.2 Describe the extent to which your chosen organisation meets the objectives of its
different stakeholders

Stakeholders:-

Freeman, R. E. (2010). A Person or a group of people having an interest in the affairs of an

organization, keeps a share in its profit and have some investment in the business are the
stakeholders of that organization. Stakeholders have high influence of achievement of the business.

The types of stakeholders of banks are:

Internal Stakeholders External stakeholders

Bank Employees External stakeholders of a bank are the
The banks internal stakeholders are the employees stakeholders of the bank that are not within
that are within the banks organization and the bank but financially benefit it.
financially benefit the bank. For example:- investors, customers, lenders
suppliers, etc.
Professional bodies Customers
Professional bodies are organizations linked with Customers are the main source of profit and
the bank and are also stakeholders. Professional benefit of a bank. Customers are the external
bodies also called professional organizations or stakeholders of a bank and a very important
association. aspect of it.
Staff members Governments
Staff members are the stakeholders that provide Governments impose some policies to the
services to the staff of the bank and its customers. banks which a bank is intended to follow, so
they are also stakeholders in this way.

Non-govern ant Organizations Suppliers and business partners

NGOs are also connected to banks and are Supplier and business partners are the main
concerned with their activities somehow. They also source of generation of a business They are a
benefit them or is in partnership with some banks
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like Barclays has partnership with UNICEF, so they source of success of a business and also are a
are also stakeholders. type of stakeholders.

Power Interest Matrix

The following table classifies the stakeholders on their power and interest. Classification of the
stakeholders is like:

high power/ high interest

high power/ low interest
low power/ high interest
low power/ low interest

Lowy, A., & Hood, P. (2011).

Customers comes in High and Keep satisfied

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Employees comes in High and Manage Closely

NGOs are Lower level and require minimum efforts
Government policies come in Lower levels and are highly recommended that should be
informed.

1.3 Explain the responsibilities of your chosen organization and some strategies employed to
meet them

Customers and Corporate Social responsibility:-

Lindgreen & Swaen, V. (2010) stated that corporate social responsibility is the thing that
organization do other than their business for the sake of sociality in which they are working. The
bank Barclays has a well-developed social and corporate responsibility. These are the programs
that are the innovative to benefit the banks organization. The bank is positively contributing
towards the society as a complete sphere as well as its economy. Their corporate responsibility
includes co-operating with the customers and make Britain progress in community and business.
It is said to believe that for banks corporate social responsibility is more important because there
are most customers attached are involved. Banerjee, S. B. (2008).

Ethical Responsibilities and Employees

Employees and ethics in an organization is an important aspect of any business organization, and
organization have to keep in minds that they have some ethical responsibility regarding people.
Frunze, S. (2011). The bank Barclays is a well-developed bank in terms of its ethics and great
employees and their empowerment. Values are very important part to run any organization, so the
more are the values, the more the clients of the bank are satisfied. This is the ethical responsibility
of a bank which is being satisfied by the employees.
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TASK 2
2.1 Explain how different types of economic systems attempt to allocate scarce resources
effectively

For the allocation of resources effectively in different aspects of economy, different economic
system are used by the government. These economic systems have been categorized as explained
below.

Planned Economic System:-

Zimbalist, & Sherman, (2014). Stated that it is the type of system in which the planning for the
investments and production are completely planned by a central authority in form of a public body
which is usually a government agency. In this system, all the details and the information regarding
investments and productions are with the government. So, in short the government has a complete
control over such an economic system and involved in it.

Free Enterprise Economic System:-

Kaufman (2008). Defines that it is a type of completive economies where a private business can
operate and there is a very less involvement of government in it. A business is capable of taking
decisions itself it means that there is no complete state control over this type of economic system.

Mixed Economic System:-

As the name sounds like somethings mixed up with this type of economic system, it sounds to be
true. A mixed economic system is a system which is a mixture for both, planned and mixed
economy. It has two characteristics.

1. Capitalism
2. Socialism
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Economic System of UK:-

The fifth largest economy belongs to UK. The economic system followed by UK is the best in the
world which offers equal environment opportunities to everyone. (Francis, N. 2009). The
considered economic systems of UK follow the mixed economic system which provides private
economic freedom in capital and also lets the government to interfere in economic affairs to attain
social goals.

AC2.2 Assess the impact of fiscal and monetary policy on the chosen organization and its
activities

Changes in Interest Rate:-

Fiscal policies of the government design these interest rates that affect the business policies. If the
fiscal interest rates are announced low by the government, then the organizations like Barclays
bank faces some problems out of which the main problem is dissatisfaction of the customers
because of which they stop saving their money in the banks. Change in interest rate is a big loss at
times.

Changes in Reserve requirements:-

A business environment change in a large values if a government changes the reserve requirements
of a business. By the why the organization have to deposit more money in state banks.
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Changes in Exchange rates:-

Every time of exchange rates whether in pounds or any other currency changed by the government
effects an organization. The values of local currency will also effective because they are doing
business in international environment.

Changes in tax rates:-

Changes in tax rates offers effective rates to a business and increases its rates too, but customers
gets more interested from banks this way.

AC2.3 Evaluate the impact of UK competition policy and other regulatory mechanisms on
the activities of your selected organization.

Every profit seeking company has to compete with another company which is in competition with
it whether it is a bank or any other organization. Every company tries its level best to improve its
companys status and for that it keeps bringing new innovations in its business. Like our chosen
organization Barclays Bank also faces a big competition with other banks in UK like: Royal bank
of Scotland, Halifax, HSBC etc. The changes in government policies like change in interest rates,
reserve requirements, exchange rates or change in tax rates changes the work of an organization
either its a bank or any other business. The regulatory policies made by the UK government
influence the working of a banking sector. So, the changes in the policies of government will
change the working of the banking sector of Barclays as well.
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AC3.1 Explain how market structures determine the pricing and output decisions of your
chosen organization

Different kinds of organization have to face the different markets around the world. Because when
the organization are working around the world there are different economy systems all over the
world. This is due to the change in polices of the world. Every organization fights for their own
benefits within the organization. There are lot more to see, that what kind of organizations fits in.
listed below are some kinds of systems in which the organization have to give their service.

Competition Markets (perfect types of Markets structures)

Jorge, J. (2008).stated that When Many organization are working together in same environment,
who are providing their own services and products. This then becomes the competition markets.
They have their main aim is to survive in the markets. Same as the banking organization, banking
organization have to face the same things as well. In this kinds of working environment we have
to see that how much are the chances of profit within the organization. What kinds of services are
there? These kinds of markets have the have normal profits. The attribute of perfect markets are
that they are profound and political. There are many players in the markets.

Monopoly market structures

There are not too many companies in the market, although there are few companies who are
controlling the price of the products and the markets. Coccorese, P. (2009).stated that in this kinds
of market structures there are less chances for new organization there are less chances of success,
because it take long time for organization to start their business. In this kinds of organizations there
are more chances of profits. The countries like UK, they have the strong competitions, but the
monopoly exists in a type where the organization cannot perform very well.

Oligopoly Markets

Oligopoly markets are usually consider the situation where they have to do strong market, and
have lot of demands and lots of customers. In this kinds of markets the situation are very
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competitive. The players in markets sets the minimum prices and the products starts from the lower
parts.

AC3.2 Discuss how market forces shape the way in which your chosen organization responds
in the business environment in which it operates

The organizations like the Barclays Bank, always make policies while keeping in view of their
long terms and short term results. They also made policies while for ever changing policies. The
all means of this is to make the policies that are in favorable of the customers and they can generate
the profits.

Customer Perception and Actions

While doing the business and marketing banks always keeps the market situation in their minds.
They also have to keep the customers in their minds, that way they work they have to keep their
good perception in the minds of the customers. Therefore, we can say that the customers
perceptions are the most important thing that banks have in their minds while doing the business.

The perceived output and the actual cost.

The rate of interest and finical situation are very important for the banks because the interest rate
is the things in which they are working on. So the real cost of work and output dose effect the
business of the organizations. There are many things like the output, banks and the customers
always give focus on the environment of the business. If they are not performing well the
organization have to bear the loss, but in any case they have to provide the customers.
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AC3.3 Discuss how the external business environment and cultural factors shape the
behavior of your chosen organization

Before making any decision there are few things that organization have to keep in mind that can
impact the business. One of the most important of them is the external environment of the business.
There are many things that are the part of external business systems. For misusing the External
environment the most important things is the external environment analysis through the PESTLE
analysis of any organization, which is done below

Political factors.

The first part of Postal analysis is that political situation of any economy in which the organization
is working. Banks always give their presence in those environment where the situation is very
good. Another things is that they always perform in such economies where the ration of
competition is good. This is what is the situation is in UK. The companies like Lloyds, Halifax,
HSBC and many other are already working in those.

Economic Factors.

The economic factors are calculated in the behalf of GDP, employment rate, Inflation and many
other factors. Some time there are many things like for the business of any import and export the
value of capital and GDP will be more but for the business like banks the rate of interest is the
most important thing. This is how economic factors are performed

Social Factors.

The social facts include the situations that are attached to the society. This include the perceptions,
the expectation from the people, the law and the norms that are existing in the society. These are
the things that also offer and effect the organization.

Technology
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It refer to which extent the technology is common in the organization and outside in society. We
can measure the values of technology and that is very much important. We can also say that in this
factor we see about the technological revolution that is happening.

Legal and Business environment

We have already discuss that there are more mixed economy as compare to any other part of the
world there are more and more chances of business. The legal factors and the legalization. There
are laws that are in favor of the banking and many other

Other than the business environment, there are many cultural issues that banks have to face and
also have to consider that things in minds. There are some ethnocentric communities that keeps
the interest rate out of their business. There are also some issue who avoid the interest and have
not much earning so they dont keep their money in banks.
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Task 4
AC4.1 Discuss the significance of international trade to UK business organizations

Significance of International trades:-

The informational interchange and resources had made international trade more productive from
the past few years though international trade is being practiced from centuries. The organizational
process and technology of todays time period has made international trade more valuable.

Just like other organizations and banks, Barclays is also working in international boundaries
effectively. Due to its advanced, efficient and effective technology, Barclays has progressed a lot
in the international boundary. Due to these efficient steps, Barclays is ranking as the First largest
international bank providing its branches across the globe in 50 branches with around 48 million
customers.

It is said that in international trade, competitive advantage is the key factor for success. It
means that where there is more competition, there is more hankering and urge of being more
productive, effective, efficient and better than the competitors which makes the international
boundary of a bank run more smooth and in a better and effective manner. All international
organizations like Barclays has to face many challenges in being on an international level like,
challenges of cultural understanding, challenges of communication, challenges of strong policies,
challenges of language or culture etc.
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AC4.2 Analyze the impact of global factors on UK business organizations

Driving forces:-
For an international trade, an organization has to follow some policies and rules including internal
and external forces which affect the international trade.
Policies of International trade:-
Every country has its own policy rules and procedures for its trade, so international trade depends
upon the involved countrys policies and procedures which are necessary for the companies to
follow. Like the other organizations, there are international trade rules that are to be followed by
the banks as well.
International Competitions:-
Competition is the part of every business type. Managing international business and international
trade is hard to be managed when there is competition between companies in international trade.
The value of international competition is always measured in a banking sector.
Exchange rate:-
The international Exchange rate is also known as foreign exchange rate. For two trading countries'
currencies, exchange rate is a very important factor. Exchange range influence the inflation,
economic health and ranking after interest rates of a countrys trade. In the market economy of the
world, the exchange rate plays a very important role for the level of trade of a country. These rates
are among the most viewed, examined, and most operated economic measures.
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AC4.3 Evaluate the impact of European Union (EU) policies on UK business organizations.

The development in technology and markets are high as we consider different countries. UK is
under the tertiary of EU. There are some policies formulated in every session of a business desire,
which gives direction to and organization and maintains the targets and goals of a business
efficiently and effectively.
Just like other countries, UK is also a focus point for many internationally affiliated firms.
Although there are a countless number of businesses, but countries have to face the prescriptions
of European Union (EU) which formulates policies that every business is supposed to follow. The
banking business in EU follows some of the following policies.

Scholastic Polices
Inflation policies
Regional policies
Employment Policies
Labor Policies
International working Environment polices
Tax polices
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References

Banerjee, S. B. (2008). Corporate social responsibility: The good, the bad and the ugly. Critical
Sociology, 34(1), 51-79.

Baume, W. J., & Oates, W. E. (1993). Economics, environmental policy, and the quality of life.
Gregg Revivals.
Coccorese, P. (2009). Market power in local banking monopolies. Journal of Banking &
Finance, 33(7), 1196-1210.

Freeman, R. E. (2010). Strategic management: A stakeholder approach. Cambridge University

Press.

Francis, N. (2009). The source of UK historical economic fluctuations: An analysis using long-run
restrictions. The BE Journal of Macroeconomics, 9(1).

Frunz, S. (2011). Ethical responsibility and social responsibility of organizations involved in the
public health system. Revista de cercetare i intervenie social, (32), 155-171.

Freixas, X., & Jorge, J. (2008). The role of interbank markets in monetary policy: A model with
rationing. Journal of Money, Credit and Banking, 40(6), 1151-1176.

Lowy, A., & Hood, P. (2011). The power of the 2 x 2 matrix: Using 2 x 2 thinking to solve business
problems and make better decisions. John Wiley & Sons.

Lindgreen, A., & Swaen, V. (2010). Corporate social responsibility. International Journal of
Management Reviews, 12(1), 1-7.

Minsky, H. P., & Kaufman, H. (2008). Stabilizing an unstable economy (Vol. 1). New York:
McGraw-Hill.

Zimbalist, A., & Sherman, H. J. (2014). Comparing Economic Systems: a political-economic

approach. Academic Press.