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Essay Available:
Pages:
2 pages/≈550 words
Sources:
Check Instructions
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 9.36
Topic:

Introduced Transparency in Investment Banking

Essay Instructions:

Prepare a two page document in Microsoft Word. The email subject line should reflect the class: ECO 9713 and Case #1 Goldman Sachs. The attached document to the email should be a maximum of two pages. The attached document should reflect your name, ECO 9713 and Goldman Sachs Case atop of each page.
Note: Each response should reflect the question number you are answering.
Please ensure that all written submissions are in Arial or simple readable font type 12 or above. Handwritten assignments will not be accepted. Also, please proofread for format, grammar, punctuation, and spelling.
The mandatory writing style for the cases is what is commonly known in business as “Bullet Point” format. It is a successful and proven time management tool to ensure clarity of communication. Essentially, each of your responses are presented as main points accompanied with sub-points as appropriate to explain in more detail and to support your rationale/thinking. It avoids combining several thoughts within the same paragraph. It also allows me to better understand your analysis and learnings. Also, it facilitates your input during class discussion of the case.
Assignment Questions: Using the information in the case*, answer the questions below.
1.List three major factors that drove change in the strategy of Goldman Sachs. Choose one of the three factors and describe why it is a major factor.
2. Goldman’s change in its strategy involved three digital transformation phases:
(1) creating internal efficiencies, (2) strengthening the core, (3) extending the core.
Describe the second and third phases of this strategy shift (strengthening the core and extending the core, respectively.) highlighting key platform, application, and/or product initiatives.
3. What are the (1) benefits of opening up its systems to clients and competitors? What are the (2) potential risks in this strategy?
4. Based on your analysis, do you believe this is the right strategy for Goldman Sachs? Briefly support your response.
* The case contains footnotes for your reference. I recommend that you read pages 6-8 of footnote 17: The Global Financial Crisis of 2008: The Role of Greed, Fear, and Oligarchs: Pages 6-8 How Did We Get Here: Deregulation and Derivatives
This document is posted with this Requirements document for your reference.

Essay Sample Content Preview:

Case 1: Goldman Sachs’ Digital Journey
[Insert your name]
Spring 2021: ECO 9713
Due: Friday – March 19th by 6PM ET
ECO 9713 and Case #1 Goldman Sachs.
Assignment Questions: Using the information in the case*, answer the questions below.
1. List three major factors that drove change in the strategy of Goldman Sachs. Choose one of the three factors and describe why it is a major factor.
Factors that drove Goldman Sachs’ change strategy
1 Technology as a catalyst for growth in the financial sector
2 The impact of digital technologies on financial recovery
3 Regulation and macro-economic forces in the aftermath of the global financial crisis
The 2008 economic meltdown prompted the introduction of new banking industry regulations. New regulations coupled with a number of macro-economic forces drove Goldman Sachs’ change strategy. Following the financial crisis, the U.S government introduced new industry regulations and further strengthened the existing rules to avert a repeat of the meltdown. The meltdown adversely impacted on the Mortgage Based Securities (MBS). A damaged mortgage market meant that Goldman Sachs had to devise a change strategy that would spur growth and recovery in the aftermath of the financial crisis (Gupta & Simonds, 2017). As part of the economic stimulus package, Goldman Sachs received financial assistance from the US government. To comply with the new regulations, Goldman Sachs had to change its structure from an investment bank to a bank holding company. This change introduced additional costs. This is an important change driver since new industry regulation and macro-economic forces had altered both the internal and external operating environment (Gupta & Simonds, 2017).
2. Goldman’s change strategy involved three digital transformation phases:
(1) Creating internal efficiencies, (2) strengthening the core, (3) extending the core. Describe the second and third phases of this strategy shift (strengthening the core and extending the core, respectively.) highlighting key platform, application, and/or product initiatives.
A. Strengthening the core.
Leveraging on its technology platform, the company harnessed an opportunity to provide direct access to institutional clients. By opening up its digital platform, Goldman Sachs hoped to attain operational efficiency. The marquee digital platform was developed on APIs that allowed external client access. It was built for scalability and included tools such as risk analytics, portf...
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