Goldman Sachs: The Culture of Success

Lisa Endlich

Physical

In Circulation

Goldman Sachs, the premier investment bank in the world, was until recently Wall Street's last major private partnership, and significantly more profitable than any of its publicly owned competitors. How it sustained this success for most of its 129 years has for decades mystified financial players and pundits. Now, in this fascinating and authoritative study, the Goldman Sachs history and mystique are examined in unprecedented depth. Endlich, a former Goldman Sachs vice president with access to all levels of management, traces the rise and development of the firm in the context of its prevailing concept, 'People and Culture.'

She documents how close client-contact, teamwork, and focus on long-term profitability over short-term goals brought the firm to a pinnacle of $3 billion pretax profits in 1997. In June 1998 the partners of Goldman Sachs voted to go public, and it made international front-page news. The story of the transformation will continue to attract extensive coverage.

What will you learn from this book

  1. Meritocracy and High Performance: Goldman Sachs is known for its culture of meritocracy, valuing talent, and emphasizing high performance and excellence.

  2. Client-Centric Focus: The firm's success is attributed to its strong focus on serving clients' needs and delivering value through tailored financial services and advice.

  3. Risk Management: Goldman Sachs places a significant emphasis on risk management and prudence, especially in volatile financial markets, to safeguard against potential losses.

  4. Talent Recruitment and Development: The book likely covers the bank's rigorous recruitment process and how it fosters the growth and development of talent within the organization.

  5. Long-Term Perspective: Goldman Sachs maintains a long-term perspective in its business strategies, seeking sustainable growth and enduring client relationships.

  6. Corporate Culture and Values: The book may delve into the corporate culture, values, and ethics that guide decision-making and operations within the organization.

  7. Innovation and Adaptability: Highlighting the importance of innovation and adaptability in a dynamic financial landscape, showcasing how Goldman Sachs navigates market changes.

  8. Leadership and Succession Planning: Exploring the leadership structure, succession planning, and the qualities that make effective leaders within Goldman Sachs.

  9. Impact on Global Finance: Discussing the bank's influence on global finance, its involvement in significant transactions, and its role in shaping financial markets.

  10. Challenges and Controversies: Acknowledging challenges or controversies the firm has faced and how it has addressed or navigated such situations while maintaining its success.

Language English
ISBN-10 0751527505
ISBN-13 9780751527506
No of pages 504
Font Size Medium
Book Publisher Little Brown And Company
Published Date 06 Apr 2000

About Author

Author : Lisa Endlich

1 Books

Related Books