BUS600 ORGRANIZATIONAL DEVELOPMENT PHASE I BRYSON_VICTOR (1)
BUS600 ORGRANIZATIONAL DEVELOPMENT PHASE I BRYSON_VICTOR (1)
Popular in Course
verified elite notetaker
Popular in Department
This 0 page Study Guide was uploaded by Experthelper Notetaker on Friday November 6, 2015. The Study Guide belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 19 views.
Reviews for BUS600 ORGRANIZATIONAL DEVELOPMENT PHASE I BRYSON_VICTOR (1)
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 11/06/15
Victor Bryson BUS 600 Organizational Behavior May 9 2010 Introduction The Goldman Sachs Group Inc is a global investment banking and securities firm which engages in investment banking securities investment management and other financial services primarily with institutional clients Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City The firm has offices in major international financial centers and provides mergers and acquisitions advice underwriting services asset management and prime brokerage to its clients which include corporations governments and individuals The firm also engages in proprietary trading and private equity deals and is a primary dealer in the United States Treasury security market Goldman Sachs Mission Statement We have a responsibility to our clients our shareholders our employees and our communities to support and fund ideas and facilitate growth We do so by investing in people businesses and our communities around the world Goldman Sachs Value Statement In a service business we know that without dedicated talented and thoughtful people we cannot be the firm we aspire to be Our principal assets are our people capital and reputation We are committed to maintaining a culture of diversity integrity and strong business principles Victor Bryson BUS 600 Organizational Behavior May 9 2010 Business Principles Our clients39 interests always come first Our experience shows that if we serve our clients well our own success will follow Our assets are our people capital and reputation If any of these is ever diminished the last is the most difficult to restore We are dedicated to complying fully with the letter and spirit of the laws rules and ethical principles that govern us Our continued success depends upon unswerving adherence to this standard Our goal is to provide superior returns to our shareholders Profitability is critical to achieving superior returns building our capital and attracting and keeping our best people Significant employee stock ownership aligns the interests of our employees and our shareholders We take great pride in the professional quality of our work We have an uncompromising determination to achieve excellence in everything we undertake Though we may be involved in a wide variety and heavy volume of activity we would if it came to a choice rather be best than biggest We stress creativity and imagination in everything we do Victor Bryson BUS 600 Organizational Behavior May 9 2010 While recognizing that the old way may still be the best way we constantly strive to find a better solution to a client39s problems We pride ourselves on having pioneered many of the practices and techniques that have become standard in the industry We make an unusual effort to identify and recruit the very best person for every job Although our activities are measured in billions of dollars we select our people one by one In a service business we know that without the best people we cannot be the best firm We offer our people the opportunity to move ahead more rapidly than is possible at most other places Advancement depends on merit and we have yet to find the limits to the responsibility our best people are able to assume For us to be successful our men and women must reflect the diversity of the communities and cultures in which we operate That means we must attract retain and motivate people from many backgrounds and perspectives Being diverse is not optional it is what we must be We stress teamwork in everything we do While individual creativity is always encouraged we have found that team effort often produces the best results We have no room for those who put their personal interests ahead of the interests of the firm and its clients Victor Bryson BUS 600 Organizational Behavior May 9 2010 The dedication of our people to the firm and the intense effort they give their jobs are greater than one finds in most other organizations We think that this is an important part of our success We consider our size an asset that we try hard to preserve We want to be big enough to undertake the largest project that any of our clients could contemplate yet small enough to maintain the loyalty intimacy and the esprit de corps that we all treasure and that contribute greatly to our success We constantly strive to anticipate the rapidly changing needs of our clients and to develop new services to meet those needs We know that the world of finance will not stand still and that complacency can lead to ex nc on We regularly receive confidential information as part of our normal client relationships To breach a confidence or to use confidential information improperly or carelessly would be unthinkable Our business is highly competitive and we aggressively seek to expand our client relationships However we must always be fair competitors and must never denigrate other firms Integrity and honesty are at the heart of our business Victor Bryson BUS 600 Organizational Behavior May 9 2010 We expect our people to maintain high ethical standards in everything they do both in their work for the firm and in their personal lives Situation Analvs Industry characteristics The financial services industry includes companies whose sales come from the management of money for individuals and institutions Financial services companies include banks insurance companies brokerage wealth management and credit card companies Competitors JPMorgan Chase amp Co Merrill Lynch amp Co Inc Morgan Stanley Target market characteristics Victor Bryson BUS 600 Organizational Behavior May 9 2010 Demand is driven by consumer income and wealth and demographics The profitability of individual firms depends largely on effective marketing Large companies have some advantages in providing expertise in a wider range of investment options and they may be able to charge lower fees Small companies can compete successfully by providing better service and advice Trends and emerging challenges Environmental Analvs Strengths Strong Investment banking operations Leader in merger and acquisitions advisory services Strong brand equity Technical expertise as evidenced by the company s history and pioneering in research Mergers amp Acquisitions and corporate financial services Weaknesses Size bound for employee cuts as economic conditions worsen Not diverse enough Bad mortgage problems related to the credit market Victor Bryson BUS 600 Organizational Behavior May 9 2010 Opportunities Emerging marketsfurther global expansion Private equity deals Despite economic woes historically more and more companies have been privatized in the US more than 1000 were privatized in 2005 vs 650 in 2004 and 320 in 2001 Reduced Competition Threats ncreasing volatility in financial markets could potentially impact earnings Slowdown in worldwide MampA due to tougher credit conditions and economic turmoil Credit Market Crisis Mortgage Issues Cyclical Industry Victor Bryson BUS 600 Organizational Behavior May 9 2010 References 1 Goldman Sachs Retrieved 5102010 httpreportsmantacommantasampe pdfsample0289CPRpdfved 2 Manta Retrieved 5102010 httpwwwmantacomcmmochQgoldmansachsco 3 Hoovers retrieved 5102010 httphooverscomcompanyTheGodmanSachsGroupnccfrkji1 1njdaphtm
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'