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4 pages/β‰ˆ1100 words
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Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
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Topic:

Management Essay: Goldman Sachs Group, Inc. History of the Company

Essay Instructions:

You must choose a company and it must be approved by the end of week 4. You only need to post the company name and a short 1-paragraph summary of your plans for your term paper in the submission box - this is all that is required for this component of the assignment. If you receive a grade for this assignment, this means your project has been approved. The instructor will ask you to resubmit if not approved. Be sure to fully review the syllabus term paper instructions before submitting your company selection and summary. This is worth 20% of your term paper grade so be sure you complete this assignment on time.
Term Paper Instructions
The term paper is a comprehensive semester-long project. Students will complete this project in the steps described below. Your final project is your major contribution, where you will exhibit your learning. Students will individually select an organization, assess its managerial effectiveness and make recommendations to improve its managerial plans and results through the approaches, principles and methods learning in the class. You are free to choose an organization that you are familiar with, including an organization for which you have already worked.
This assignment aligns with all five Course Learning Objectives (CLO):
Course Learning Objectives:
CLO1: Identify techniques for improving internal operations and achieving competitive advantage in the 21st century business environment.
CLO2: Identify and describe current business trends and how to grow a business in diverse, global environments.
CLO3: Demonstrate their knowledge of how to manage business in an ethical and socially responsible manner.
CLO4. Demonstrate their knowledge of business management principles and empowering employees to satisfy customer needs.
CLO5. Demonstrate their knowledge and understanding of organizational control mechanisms.
This project will incorporate important concepts and frameworks introduced throughout the course and will demonstrate the students’ ability to understand and properly apply these concepts in real-life contexts.
Parameters and guidelines for the term paper are as follows:
Select an organization, e.g., a corporation, company, firm or association (ideally, an organization which you have some interest in starting or running) for in-depth analysis of their management practices.
The term paper should be at least 1,500 words with at least 3 scholarly references in addition to your eText for a minimum of 4 total references. Please keep in mind that the word count requirements point out the minimum amount of effort that should be put into the paper. Word count isn't everything because quality of writing and research matters as well, but it is an indication of the quantity of effort put into the assignment. Note that word count does not include title, abstract, or reference pages. Not following this requirement will significantly impact the grade.
Use scholarly peer-reviewed references rather than websites. Scholarly references are generally more credible and make a more persuasive argument. Non-academic websites are not typically recommended for academic writing. While most of the information generally is correct, it is not always reliable because anyone can change the content, bias is often present, and it is not peer-reviewed. For example, it's best not to use news websites, Wikipedia, investopedia.com, about.com, smallbusiness.chron.com, huffingtonpost.com, ehow.com, forbes.com, cnn.com, online encyclopedias, or similar non-academic websites. Articles in these types of websites are written by reporters or individuals who may or may not be experts in the field, and consequently may have incorrect or biased information. Instead, it adds much more credibility to use the class eText, other related textbooks, and peer-reviewed articles, i.e. scholars have analyzed and evaluated the content for accuracy, quality, and reliability. Be sure to use the university library to help you find these types of scholarly references. The library has a setting in database searches that allow you to search for peer-reviewed articles only.
It is acceptable to use a company website for research, say for example if you are researching Apple, it's ok to use www(dot)apple(dot)com to describe their mission, strategy, financials, etc.
The Term Paper should be well organized and encompass the above subject and content guidelines, and an electronic copy of the project should be submitted via Turnitin.
The Term Paper structure is as follows:
(This structure is only to help students to get started and think further in this directions. Students are free to adapt the structure of the research report as they desire.)
Background and Context: Discuss type of industry, products/services, and how organizational vision and strategies have influenced their management.
Analysis of current managerial style and organizational culture.
Analysis of key terms and principles learned in class and how they relate to the current status and future goals of the company.
Your recommendations for the next 1-2 years of the company. Ensure that these align with the organization’s vision and values.
References – Use at least 3 scholarly references in addition to your eText for a minimum of 4 total references.

Essay Sample Content Preview:

Goldman Sachs Group, Inc.
Student’s Name
Institution
Goldman Sachs Group, Inc.
History of the Company
Working as a wall street banker has been a major source of pride for the ambitious young graduates in the relevant disciplines. Goldman Sachs Group, Inc., a giant in the banking and financial industry, is certainly a preffered destination for many prospective bankers. It is probably one of the oldest in the industry, having been founded in 1869, and has its presence in major financial cities around the globe, with its headquarters in New York (Goldman Sachs, n.d.). The company is named after Marcus Goldman and Samuel Sachs, who were closely related, and started operations as notes merchants. It was up until the 1930s that the company started to have the face of a full-service investment bank after the incorporation of Sidney Weinberg (Goldman Sachs, n.d.).
The 1950s became the major stepping stone for the company as it established its first business department. The company moved in the upward trajectory in almost every aspect, venturing into more diversified businesses including real estate, commodity and equity trading, asset management while also extending its global reach (Goldman Sachs, n.d.). The decision to take the company public in 1999 propelled it even further on the global and local scale. Just like many large corporations, the company did not usher in the 21st century on the right foot. The first decade of the century was marred by the financial crisis of 2008, corporate scandals, and the rapid technological transformation, causing the company to smell a potential collapse. The determination deeply rooted within the company enabled them to weather the storm by coming up with strategic initiatives while heavily investing in cutting-edge technologies. The forward-thinking mentality of the company and its management has helped the company realize continuous and sustainable growth up to date. Even as the world struggles with the COVID-19 pandemic, the company has a well-laid business continuity plan to help maneuver the challenges and opportunities that come along (Goldman Sachs, n.d.). Furthermore, the company's core values and the statement of purpose, concentrating on transparency and accountability, have played a pivotal role in its success of the company and its management.
The Partnership
Pulling some great moves for survival is a common phenomenon among most large corporations. Goldman Sachs has over the past deployed strategies that are capable of adapting rapidly to the changing market environment to acquire a competitive advantage. The management style of the 1990s that adopted the partnership structure played a critical role other than the individual legacies of the company leaders. The model worked quite well for the company for various reasons. The model spreads out responsibilities among multiple partners, and any partner can close a deal on behalf of the other partners (Ellis, 2008). This does not only increase the chances of growth but also through the legally binding partnership agreement, minimizes conflicts within the company (Li, 2019. The model also cherished long-term financial incentives (Ellis, 2008), encouraging loyalty, humility, and hard work.
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