Goldman Sachs - Management Analysis Assignment Example | Topics and Well Written Essays - 1750 words

Goldman Sachs - Management Analysis - Assignment ExampleIt has been noted from the annual report of the telephoner that the main focus of the play along has been at four key areas. The four key areas have been the creation of the jobs as hygienic as the overall growth of the parsimony, building up of the economy as well as stabilising them, enhancing the opportunities of education and thus glorification of the services as well as expertise. The main aim of the paper has been to study the companys decision making with the help of the management theories. Among the several management theories such as the Taylors Rational Goal Theory, Fayols and Mintzbergs Internal Systems Theory, mayos Human Relation Theory and Porters Strategic & Peters Cultural Theory the research paper will make use of the deuce theories such as Mayos Human Relation and Fayol and Mintzbergs theory. The rationale behind choosing Goldman Sachs for the purpose of the study is that during the period of Lloyd Blank fein, CEO and Chairman of the company, it was impeach of fraud by the SEC (Securities and Exchange Commission) in the year 2010. It can thus be identified that the performance of the company during this period has been comparatively inferior. Therefore, through with(predicate) this report, it will be aimed at understanding the kind of decision that the management followed that led to such a huge turmoil. The report will try to overlay the reasons of failure during the rein of Lloyd Blankfein. The analysis will be conducted using the various theories that have been identified and finally recommendations will be provided with regards to how the management can reform its managerial decision making capabilities. Managerial Decision Making At Goldman Sachs The main business of the Goldman Sachs has been to invest the money belonging to the large organisations as well as the wealthy individuals. It has further been identified that the firm tends to put its own funds as well at risk. O rganisational Structure Lloyd Blankfein has been the Chairman and CEO of the company since the year 2006. Lloyd Blankfein by nature has been quite affable and smart. His five years tenure in Goldman Sachs can be classified into three different groups. He experienced unstable growth till early 2008. Furthermore, the financial crisis that took place because of the breakdown of the Lehman Brothers was also evident during his ruling period. The bank, further expected to recover in the year 2009, despite various regulations that was formed after the post-crisis and the fall in their reputations. The other person who has been working with the company under Mr. Lloyd Blankfein is David Viniar who has been the Chief Financial officeholder and has served the company for more than ten years. Mr. E. Gerald Corrigan has been the Co-chair of the Risk as well as Global Compliance and Controls Committee. Mr. Henry Paulson was the Chief Executive of the Goldman Sachs prior to Lloyd Blankfein (Stei nert-Threlkerd, 2009). Alan Cohen has been the Compliance police officer at Goldman Sachs, John Rogers has been the Secretary and Gary Cohn is the President as well as the COO (The Official Board, 2011). It has been evident that the company has outperformed in its operations in almost of the areas. It has been positioned among the best three underwriters. It is because of the consistent and best performance along with the commitment of the top management towards the municipal business as well as the man sector. The company also has