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 format. Handwritten assignments will not be accepted. Also, please proofread for format, organization, 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 (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.
