Global business Essay Example | Topics and Well Written Essays - 1750 words

Global business - Essay Example This discussion will focus on Barclay Card, specifically explicating theoretical approaches and business frameworks of global business that it has applied to enhance its competitive advantage in the global business financial arena. Over the last two decades, the credit card industry has been experiencing tremendous growth in terms of client base as well as technological advancement (Baack, 2011). Majority of financial service providers and consumer retail shops in developed nations have employed the use of credit and debit cards as a means of ensuring transaction efficiency. In the United Kingdom alone, a recent research indicated that it is one of the nations with the biggest card payment in the entire region of Europe, with a total of 30% card users out of the 73% card users in the region. The research also indicated that as at December 2013, approximately 90 million debit cards were circulated in the United Kingdom market (Dayson, 2014). By February this year, approximately 58 million credit as well as charge cards were being circulated in the United Kingdom market (Dayson, 2014). These statistics basically indicate how the application of credit, debit, and charge cards among others; have increased over the last few years. On the other hand, some financial institutions have taken initiatives geared towards not only providing credit card, debit or charge card services locally, but also in international markets. An example of such services is provided by the Barclay Card: The Barclay Card is a financial credit card offered by the Barclays Bank of the United Kingdom as retail and business banking. As a multinational bank, it has been in operation for a period of approximately 30 decades since 1690. Apart from the provision of credit cards, the Barclays Banks is a universal bank focusing on provision of; mortgage lending, management of wealth, investment management, and wholesale as well as retail