USO DE CULTIVOS BORDE y ACEITES VEGETALES PARA EL CONTROL DE LA TRANSmISION

Organizational Growth strategy in Barclays

Barclays Growth strategy can be implemented in following areas

5.1 Resources

The essential resources of Barclay include its own physical and human resources. These two resources are acquired and continuously developed so that its capabilities can be fully realized by the company. The unique resource of Barclay includes the company’s intangible resource. This kind of resource cannot be easily and directly acquired and it may take some years before the full use of such resource can be realized.

5.2 Financial

The company funds come from either the parent company or from other sources like investors. The funds are used to pay for the different expenses of the firm. Barclays wants to focus on price based strategies wherein the main goal is to achieve more profits without sacrificing other things. 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.

5.3 Human

In providing excellent service to the clients, a company needs to have a dedicated staff that performs well and knows that the service they give to the client can help the company have a positive or negative image. The staff of the company is well trained to ensure that the best service can be given to the clients. The company makes sure that it hires promising individuals that can assist in the company’s task of reaching their goals. These people are trained well by the company so that each employee will have an important role to play in the company. The company provides various financial and compensation packages to their employees. This ensures that for every effective service the employees do they are greatly rewarded. The company also recognizes and gives awards to employees who perform above standards.

5.4 Skill

The personnel of Barclays are well skilled in providing services to the clients. The company makes sure that they hire individuals who are skilled in management, banking and finance. The company also looks for various activities that will help the personnel improve their skill.

Barclays’ organizational processes were well thought of and were designed in accordance with the need of the environment. Each organizational process whether it relates to production, marketing or sales has a specific goal that contributes to the success of the firm. The processes of Barclay underwent a rigorous analysis. The management team made sure that they choose well the processes that they will use.

Barclay’s financial group is known to many as just Barclays bank, mainly because it is not known the extent of their business operations. Barclays is not only known for its commercial business offered to UK and international customers, (current accounts, saving accounts, insurance, morthages, etc), but also Wealth Management and Stock brokers. Both of which are available to high network individuals. Barclay’s wealth management includes offshore banking, stock broking, private banking etc. The availability of such business operations ensures that every segment of each market is taken care of, working class or otherwise. This strategy which is used by Barclays is essential and effective as there is something in it for everybody; each individual is taken care of in this company, whether they are looking for just a saving account or financial advice for a new or ongoing business.

CONCLUSION

Barclays is one of the UK’s leading banks, and with its great history, puts it high above many others. This company has experience in doing what it does. Although there are many competitors, it is seen that this company is still ahead. It is still ahead because it uses various strategies which are working and which will continue to work effectively. One of the Barclays main goal is to build the best bank in the UK, it is seen that based on the moves it has made, with training staff, technology and even its choice to go global, it is on its way to doing that.

The fundamental principal to Barclay’s philosophy is to include the interest of all of their shareholders from customers, employees, shareholders and the wider community in route to providing a valued and prosperous circumference of satisfied stakeholders.

Barclays cannot only look externally to analyze if these goals are achievable, but they can also look internally. The difference is that the external analysis deals with outside the company as was discussed, competitors, customers, political, environment, social technological etc. Therefore Barclays can look at itself in order to pin point exactly where they get their most operations and try to gain as much as they can from it. On the other hand, their company can see where they make losses and try to develop strategies in order to strength these.

References

1. Bhat Govinda k, (2007): Strategic Management, Himalaya Publishing House, Mumbai-400004.

2. David Fred R., (2008): Strategic Management: Concepts and cases, PHI Learning Private Limited, New Delhi.

3. Rao Subba P, (2005): Business Policy and Strategic Management, Himalaya Publishing House, Mumbai

4. Rao V S P., Hari Krishna V, (2008): Strategic management-Text and Cases

5. BPP learning Media, Business Strategy , Viva Books

6. Davis, K. The challenge of Business, New York, McGraw hill, 1975. 7. Pearce A John II, Robinson B Richard (2005), Strategic Management

formulation, Implementation and Control, Tata McGraw-Hill Publishing Company Limited, New Delhi

8. Minzberg, Ahlstrand and Lampel (2005), Strategy Safari, Pearson Education, Delhi.

Bibliography

1. Johnson, G., Scholes, K., 2002, corporate Strategy, 6th _Edition,

Prentice Hall, England.

2. Barclays, company history, retrieved on April 13th , 2006 from www.newroom.barclays.co.uk/contents/detail.asp

3. Rao V S P., Hari Krishna V, (2008): Strategic management-Text and Cases

4. Pearce A John II, Robinson B Richard (2005), Strategic Management formulation, Implementation and Control, Tata McGraw-Hill Publishing Company Limited, New Delhi

5. David Fred R., (2008): Strategic Management: Concepts and cases, PHI Learning Private Limited, New Delhi.

6. Cherunilam Francis, Business Policy and Strategic Management, Himalaya Publication, New Delhi

7. Daniel Gray, ‘Uses and Misuses of Strategic Planning”, Harvard Business Review, January-February.

8. David Fred R., (2008): Strategic Management: Concepts and cases, PHI Learning Private Limited, New Delhi

9. Bhat Govinda K, (2007): Strategic Management, Himalaya Publishing House, Mumbai-400004

10.Minzberg, Ahlstrand and Lampel (2005), Strategy Safari, Pearson Education, Delhi.