Barclays bank PLC lists as the leading banking institutions in the banking and financial industry. The bank acknowledges organization culture as a leading strategy to accomplishing the bank's ultimate goals and objectives. Bob Diamond defined organization culture as how one acts when they think no one is scrutinizing their actions. Bob Diamond established the Bank's culture to be a winning strategy that affected the bank's operations.
Following the crisis in the organization culture of the bank, most of the bank's operations were affected. A review conducted by Salz reviewed that the banking culture was to blame for the failing operations in the bank. From the Salz report, the winning strategy established by Bob Diamond drove the bank to failures that were identified by FSA, US based regulatory groups and UK lobby groups.
[...] References Aldrick, P. (2012, December 1). Barclays Bank Organization Culture. Barclays Bank PLC, 12(12), 12-17. Elliot, D. (2013, June 30). Barclays' Salz Review. Retrieved October from World Wide Web: http://www.telegraph.co.uk/financialdaily/newsbysector/banksandfinance/99696 42/How-it-all-went-wrong-at-Barclays.html Meynes, P. (2012, May 12). The guardian. [...]
[...] Evaluating the organization culture at Barclays bank Case Analysis Abstract Barclays bank PLC lists as the leading banking institutions in the banking and financial industry. The bank acknowledges organization culture as a leading strategy to accomplishing the bank's ultimate goals and objectives. Bob Diamond defined organization culture as how one acts when they think no one is scrutinizing their actions. Bob Diamond established the Bank's culture to be a winning strategy that affected the bank's operations. Following the crisis in the organization culture of the bank, most of the bank's operations were affected. [...]
[...] Due to the banks, flexible organization culture, it has been able to get used to these changes and accommodate all decisions. Alternative solution To solve the problems that Barclays PLC faced in its organization culture, it had to establish a team that would foresee the operations of the bank from a different perspective. The bank's new CEO Antony Jenkins needed to establish a different organization culture that would not base its goals and objectives on a winning strategy. Jenkins established an organization structure and culture that was flexible to both internal and external change. [...]
[...] These schemes largely helped the management team in the bank to avoid tax and instead save the money (Aldrick, 2012). Micro factors are the internal organization structure that affects business operation. Micro factors that affect Barclays bank PLC include the bank's overall goals and objectives. All employees at all level of management should have the ultimate goals and objectives at heart and work towards accomplishing them. Financial factors affect business operations in the bank. The bank should diversify its operations from investment banking to other business activities that will steer business activities (Elliot, 2013). [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
