Analysis of Goldman Sachs Group, Inc. 2023 Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Use strategic tools including PESTLE, SWOT, Porters' Five Forces, and VRIO to analyze a company's strategic position in the market and strategize on how to strengthen it
- Understand the broad macro-environment and how it affects the growth and performance of Goldman Sachs Group, Inc.
- Understand how a company can use its resources and capabilities to strengthen its position in the market.
1.0 INTRODUCTION
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals (Goldman Sachs Group, Inc. Website). It provides a wide range of financial services to a diverse and large client base. The company is headquartered in New York and operates in various markets and regions around the world (Goldman Sachs Group, Inc. Website). It has four main business segments namely; Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management (Forbes, 2023).
For the year ended 2023, the global firm generated a total revenue of $10.90 billion, whereas 2022, it generated an annual revenue of $47.4 billion in 2022 (Goldman Sachs Group, Inc. Website).
The purpose of this report is to examine the case study of Goldman Sachs, a global financial institution that provides various financial services to a diverse group of clients, such as corporations, financial institutions, governments, and individuals, and to understand how it responds to the macro and micro environmental changes. The report will use different frameworks, such as PESTLE, SWOT, Porters' Five Forces, VRIO, and generic competitive strategies, to assess Goldman Sachs' financial performance, competitive microenvironment, competitive advantage, technological improvement, pricing strategy, and many others. The report will also offer recommendations for Goldman Sachs' future strategic direction.
Key questions to answer include; what is so special about Goldman Sachs? Why has Goldman Sachs been so successful? Who is Goldman Sachs's biggest competitor? What is the growth strategy of Goldman Sachs? What competitive advantage does Goldman Sachs have? What are Goldman Sachs's weaknesses?