Financial Management of Goldman Sachs

To ensure adequate returns to the shareholders which will depend upon the earning capacity, market price of the share, expectations of the shareholders. 3. To ensure optimum funds utilization. Once the funds are procured, they should be utilized in maximum possible way at least cost. 4. To ensure safety on investment, i. e, funds should be invested in safe ventures so that adequate rate of return can be achieved. 5. To plan a sound capital structure-There should be sound and fair composition of capital so that a balance is maintained between debt and equity capital.Functions of Financial Management: 1. Estimation of capital requirements: A finance manager has to make estimation with regards to capital requirements of the company. This will depend upon expected costs and profits and future programmes and policies of a concern. Estimations have to be made in an adequate manner which increases earning capacity of enterprise. 2. Determination of capital composition: Once the estimation h ave been made, the capital structure have to be decided. This involves short- term and long- term debt equity analysis.This will depend upon the proportion of equity capital a company is possessing and additional funds which have to be raised from outside parties. 3. Choice of sources of funds: For additional funds to be procured, a company has many choices like- a. Issue of shares and debentures b. Loans to be taken from banks and financial institutions c. Public deposits to be drawn like in form of bonds. Choice of factor will depend on relative merits and demerits of each source and period of financing. 4.Investment of funds: The finance manager has to decide to allocate funds into profitable ventures so that there is safety on investment and regular returns is possible. 5. Disposal of surplus: The net profits decision have to be made by the finance manager. This can be done in two ways: d. Dividend declaration – It includes identifying the rate of dividends and other bene fits like bonus. e. Retained profits – The volume has to be decided which will depend upon expansional, innovational, diversification plans of the company. 6.Management of cash: Finance manager has to make decisions with regards to cash management. Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of enough stock, purchase of raw materials, etc. 7. Financial controls: The finance manager has not only to plan, procure and utilize the funds but he also has to exercise control over finances. This can be done through many techniques like ratio analysis, financial forecasting, cost and profit control, etc.Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. When we use the terms â€Å"Goldman Sachs,† â€Å"the firm,† â€Å"we,† â€Å"us† and â€Å"our,† we mean The Goldman Sachs Group, Inc. (Group Inc. ), a Delaware corporation, and its consolidated subsidiaries. References to â€Å"this Form 10-K† are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2011.All references to 2011, 2010 and 2009 refer to our fiscal years ended, or the dates, as the context requires, December 31, 2011, December 31, 2010 and December 31, 2009, respectively. Group Inc. is a bank holding company and a financial holding company regulated by the Board of Governors of the Federal Reserve System (Federal Reserve Board). Our U. S. depository institution subsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State-chartered bank. As of December 2011, we had offices in over 30 countries and 48% of our total staff was based outside the Americas (which includes the countries in North and South America).Our clients are located worldwide, and we are an active participant in financial markets around the world. In 2011, we generated 38% of our net revenues outside the Americas. BUSINESS PRINCIPLE Our clients’ 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 owinership aligns the interests of our employees and our shareholders. We take great pride in th e 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 vvariety and heavy volume of aactivity, we would, if it came to a choice, rather be best than biggest.We stress creativity and imagination in everything we do. While recognizing that the old way may still be the best way, we constantly strive to find a better solution to a client’s 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 oopportunity 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 mearns 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.

Personal Development Plan Essay Example | Topics and Well Written Essays - 1500 words - 1

Personal Development Plan - Essay Example It has to comprise job assignments that build leadership skills. And it has to be hold up by the organization and incorporated into a development philosophy that views planning documents as the commencement of the development expedition, not the end (Ametrano, I. M., 2003, 190-193). During the research of this network based assignment I have equally focus upon my personal development and look for to become accustomed the worldwide assessment of performance more especially to the personal development in networking. It is based mainly on WAN based networking for Nokia Incorporation The primary four part scores seek to gauge Personal grooming as a professional figure when I was capturing data, the aptitude to create a living in a dynamic-based company like Nokia. To design and implement a network model for an international organisation to get connections between two branches. To also examine the network model to make sure it met the performance and compatibility requirements. No doubt, the objective of this network based project is a development plan for multier national company is an important part of any effectual leadership-development system at two levels. At the organizational level, these plans make sure that the next age group of leaders will have the skills and skills required to define and implement the corporation's strategies. According to this research work at the personal level, it forces me as future leader to focus on what needs to be done in order to grow. When done right, the individual development plan becomes a contract future leaders make with themselves and the organization about the things they want to do or to become. The plan creates discipline and a good plan creates motivation. If we analyzed then we come to know about basic object of this research based project: 1. Research into different area networks (LAN, WAN, MAN, etc) 2. Research into few network modelling and simulation software. (OPNET guru etc) 3. Critical evaluation on the chosen area network (WAN) 4. Critical evaluation on the chosen network modelling and simulation software(OPNET guru) 5. To illustrate the issues to produce a better performance of a WAN 6. Using network modelling and simulation software(OPNET guru) to create a simulation for the designed network model 7. Implement a prototype to demonstrate the simulation of the network. 8. Testing the prototype to ensure it performs and its performance of the network met the requirements. No doubt, the worth network systems of Nokia is a ground of hypercompetitive and personal development spirited individuals were look at in an example of successful people. As predictable, people higher in hypercompetitiveness and in personal development competitiveness were together further possible to support values connected to self-contained uniqueness such as attainment, hedonism, and a determined for an exciting and demanding life, but merely hypercompetitives authorized the worth of power and control over others. Furthermore, the data point to that people higher in personal development competitiveness were extra prone to support values linked to ensembled uniqueness. In exacting, they powerfully endorsed values linked with social concern, that is, with caring regarding the well-being of others and by treating them

WK4_Training Need Paper Essay Example | Topics and Well Written Essays - 1000 words

WK4_Training Need Paper - Essay Example In order to attain increased competitiveness and larger customer base many organization has formulated and implemented various strategies and policies. In this course, many organizations are involved in enhancing the skills and capabilities of employees as a tool for enhancing the performance of the organization. Such initiatives of the organizations have facilitated a need for effective training and development activities. Accordingly, training and development is the process of making the employees familiar with the various changes in the work procedure for ensuring increased competency towards performing the organizational tasks efficiently and effectively. The concept of training plays a vital role in an organization life cycle as it not only helps them to maintain lead but also helps them in innovating new products that may contribute to the organization goal (Armstrong, 2012). The primary purpose of this paper is to identify training need within the selected organization i.e. Ap ple Incorporation and explore the role of Human Resource (HR) in analysis, design, development implementation and evaluation of a training program to meet the identified training need. Training Need Assessment Apple Inc. is considered to be one of the leading innovative companies across the world. The company is widely known for its distinctive and unique products and services offered to its customers spread worldwide. The rapid development in science and technology has facilitated the company as one of the most advanced and most admired companies across the globe. Nonetheless, the company has been encountered with lots of challenges due to the emergence of new and upcoming competitors in the market. It has been often argued that employees are the most important assets of any organization. Furthermore, employees who are not provided with efficient training and development programs often finds difficulties in performing their tasks efficiently and competently. Additionally, the conti nuous advancement in technology and increasing competition has widely generated the need for skilled employees to respond the market demands effectively. In this context, Apple Inc. to sustain its business profitably in current and future business environment, it is essential for the corporation to design and implement effective training and development programs. At the same time, effective training and development activities is necessary for attracting new talents and retaining employees within the organization. Moreover, training and development activities are crucially important for the organization to seek constant innovation and transformation of the business according to the changing requirement of the market. Nonetheless, it can be argued that training and development is essential for the organization at all the levels of the management. The effective training and development programs facilitate in the creation of effective leaders who will be responsible for framing strategi es that would facilitate the organization with increased benefit in the form of increased profitability and market share. Therefore, it can be stated proper training needs are required in the organization to enhance the capability of its employees as well as the organizational performance (Apple Inc., 2013). Role of HR in the Analysis, Design, Development, Implementation, and Evaluation of a Training Program to Meet the Requirement in the Production Process of the Company HR managers are considered as a vital part of any organization as they are the only bridge that helps in maintaining a proper relation between the employees and the top level management. Correspondingly, HR managers are also widely responsible for

Ethics Essay Example | Topics and Well Written Essays - 3000 words - 3

Ethics - Essay Example That said, the main aim of this paper should be to investigate and discuss the ways that an organization can manage ethical behavior within its structure and pertinent to the larger body of stakeholders. There are types of methods or means of managing ethical behavior within an organization and its stakeholder circles. Categorized as formal and informal means, these form the mainstay of a manager’s, or management teams’ effort at introducing and managing ethical behavior within the organization (Phillips & Margolis 1999). The first or formal means of managing ethical behavior in an organization entails the results of years of research and widespread trials in the industry. These include; the core value statement, the mission statement, the code of ethics, compliance manuals, and ethics standards and indices. The second or informal means of managing ethical behavior in the organization and its wider stakeholders setting are more or less the result of years of experience in the industry and a distillate of the vast pool of experience in optimizing organizational performance through ethics. These means are; manager concern/role-modeling, candid ethical communication, et hics as a topic of employee conversation, reward and penalty systems, and communication of stories (Schnebel & Bienert 2004). In addition to the means of managing ethical behavior, the paper shall venture into other issues that are relevant to this topic. Since management ethics is a wide topic, the process might venture into issues such as codes of conduct and codes of ethics, workplace ethics theories, training and its role in the management of workplace ethics, the impact of new technology on ethical behavior, and corporate social responsibility (Solomon 2004). Formal methods of managing ethical behavior pertain to the methods individuals or organizational teams strive to improve their employees’

Madison and Brutus Essay Example | Topics and Well Written Essays - 1000 words

Madison and Brutus - Essay Example On that aspect, this discussion will cover the different ways in which the ideologies of Madison in the federal papers helped shape America in its historical development and the influence it had on American politics. In addition, the essay analyzes the significance of basic rights of the citizens and how it helps in advancing the interests of the country as proposed by Brutus in the anti-federal papers. Similarly, the controlling of factions with intentions of exploiting the interests of the economy as articulated by Madison is also of interests in this discussion. There are different ways in which Madison and Brutus can assess groups in the context of the historical development and impact on American Politics. For instance, according to Madison in Federalist No. 10 he believed that certain factions or interests groups should not be allowed to take over the affairs of country at the expense of ordinary citizens or the entire community (Madison and et al 93). According to Madison, a f action is composed of a number of citizens who can include majority or minority and are joined by a common interest that is likely to endanger the welfare of the community. In addition, Madison’s Federalist No. ... 10 that the governance by the majority faction in a republic is a violation of the American Constitution and mockery of the American revolution in that it does cater for the interests of the citizens but that of its own. In addition, the Federal paper No. 51 further calls for transparency and accountability among leaders in the emerging American republic to shield common citizens from exploitation of the power elite (Madison 103). On that aspect, Madison was against the creation of individual states as this would interfere with the principles of constitution of making American republic. Alternatively, Madison had a number of suggestions on how to overcome the challenges of factions especially in the defense of vulnerable citizens. For instance, he suggested that eliminating the causes of factions and the control of its effects was the first strategy of alleviating its negative effects. On that perspective, he also came up with two strategies of eradicating the causes of factions for the benefit of the American interests (Madison and et al 72). These included taking away the liberty of citizens something Anti-Federalists such as Brutus felt against. Another measure was to grant every American citizen a chance to speak his opinions, passions and express his interests. Therefore, this would prevent factions from taking advantage of ordinary citizens and thus transform the perception of American politics. On the other hand, when it comes to Anti-Federalist No. 3 that was championed by Brutus and others, they had opposing perspectives with the Federalists. For example, Brutus Anti-Federalist papers were against the denying of citizens liberty in order to contain the factions as suggested by Madison in his Federalist papers No. 10 and 50. On that account, Brutus was of

What Factors did Account for South Africas 1994 Transition to Essay

What Factors did Account for South Africas 1994 Transition to Democracy - Essay Example This period was associated with racial, social, political and economic segregation which led to apartheid. On February 2nd 1990, President FW Clerk released a speech that hinted to a decisive moment in South Africa’s struggle for democracy (Decalo 7-35)1. The day is highly regarded by many South Africans as it marked the commissioning of the release of Nelson Mandela (11th of February) and other detainees who had been arrested in the process of the struggle. This paved way for open negotiations. South Africa had been going through long struggles for democracy in a sub-society that chiefly consisted of whites at the helm of leadership and power and non-white sub-society with little or no influence in governance matters. Factors that led to the transition in South Africa can be classified as both internal and external. In his book, Coups and Army Rule in Africa: Motivations and Constraints, Samuel Decalo, argues that the transitions that led to democratization in South Africa we re majorly internal. The democratic changes that occurred in SA are also linked to international factors. According to Sola Akinrinade and Amadu Sesay in their book Africa in the Post-Cold War International System (eds.) the external factor that influenced transition in South Africa includes democratization in Eastern Europe and the End of Cold War. ... The limited freedom of expression saw most opposition parties denied access to the media when conducting their political functions. The media content was normally dominated by news on the authoritarian governments. This had to be curbed with revolution being the only effective tool (Decalo 20).4 Another factor suggested by Decalo is the institutional factor (25-35).5 Most of the dynamics that characterized the negotiations were institutionalized in the post apartheid period. This led to a significant stability and consolidation of democracy. The rules, norms, formal and informal principles were widely accepted by the majority making the transition process possible. According to Decalo, the most crucial dynamic that underwent institutionalization is constitutionalism whereby all political groupings and civil organizations accepted the rule of law. The democratic changes that occurred in SA are also linked to international factors. According to Sola Akinrinade and Amadu Sesay in their book Africa in the Post-Cold War International System (eds.) the external factor that influenced transition in South Africa includes democratization in Eastern Europe and the End of Cold War. The end of World War II saw a rise in global political struggle for power between the United States and its associates from the West, and the Soviet Union and the Warsaw Pact, allies of the Soviet Union in Eastern Europe (Akinrinade & Sesay, 92-128).6 According to Akinrinade and Sesay (1998), the Eastern Europe group had less developed governments democratically and in the 1980s, the Soviet Union and its Eastern Europe allies went through vigorous democratic transitions, a period that also saw East and South East Asian countries leave

Nike Corporation Case Study Example | Topics and Well Written Essays - 750 words

Nike Corporation - Case Study Example Founded in the year 1972 by a man named Philip Knight who is the co-founder and the Chairman today and by Bill Bowerman both set out with a dream and that has gradually taken the shape of reality. Nike has its head quarters situated in the United States of America and to be more specific it is situated in Beaverton, Oregon. The word Nike has been adapted and taken from the word Nike which was the name of a Greek Goddess of Victory. Nike today has many product lines each of which cater to different sports and sport areas, names such as Nike golf, Nike pro, and Air Jordan are just a few of the lot. And these names are also vastly known as trusted when it comes to the various products that are manufactured and marketed under them. Nike is one company that produces a very widespread range of sports equipment. The first ever products that Nike produced were shoes that could be used as track running shoes and shoes that could be used to play basket ball. Once that started going well they began manufacturing different kinds of sports wear such as jackets and trousers for tennis, football, and cricket etc. Nike belongs to the sportswear and sports equipment manufacturing industry and when it comes to athletic shoes, apparel and other sports equipment it is known to one of the major American suppliers. Nike currently has factories in many countries come of which are China, Taiwan, India, Turkey and Pakistan etc, and to date has about 500 factories working at manufacturing their products. The biggest rivals of Nike currently in the market of sportswear and sports equipment are quite a lot as Nike is seen as a threat to many sports and even some fashion brands but the leading rivals are Reebok which came along in the year 1980. After that the advent of Adidas brought its own level of threat and the rivalry increased for Nike. The board of directors for Nike contains people such as Mark Parker, Timothy D. Cook and Jill Ker Conway. CURRENT SUCCESS STATEGY: The story behind or the reason behind Nike being such a successful company is embedded in its marketing strategies. Besides the advertisement and promotions of its many products there has always been deep focus by the heads of this company on the following details which has lead to it being the leading brand name today. Pricing is one of those details the price of Nike products has always been higher than that pf competitors, its products have always been kept to go with the changing trends and are always upgraded to fit new profiles and the new generation. Placement of sales outlets has been another key detail that has helped. And last but not least the advertisement of its products being shown and made in different times and languages to accommodate their consumers with full understanding and satisfaction guaranteed. That all combined with its catchy brand slogan "just do it" gives the consumer a reliable, trendy and durable product