Goldman Sachs is a global leading investment banking and securities firm. It commenced as a little-known business, founded by Marcus Goldman in 1869. Almost 20 years later, Samuel Sachs joined his father-in-law, Marcus Goldman, and created Goldman Sachs as a private partnership with a "minor reputation and a huge dream" (Endlich, 1998). After more than a century of substantial growth from 2 to 200 private partners, the firm became a public company in 1999, creating a publicly traded organization worth $48 billion.(fortune, 1999). Along with a presence in over 90 countries, across three continents, the Goldman Sachs group Inc. is headquartered in New York City and has 41 offices nationwide. Goldman is the investment banker to companies such as Microsoft, Ford Motor Company, General Electric, and American Express. This presti

Singer Mark. "Penny Wise, Penny Foolish." New Torker. Vol.74 no. 32

One example of how the equities division provides a great deal of business for the firm is when 1997 Goldman Sachs made one of the biggest equity trades through buying and selling a 2 billion dollar block of British Petrolium within 24 hours. This evidence is authoritative because it is provided in the recommended and prevalent Business Week Magazine. Smaller services provided by the firm entail: Fixed income, currencies and commodities, asset management, Global Operations, technology, treasury, Controllers, Credit, Tax, Management controls and legal advising.

Abbot, John S. "Where Does Goldman Sachs Go From Here?" Business Week. 20 (March, 1995): 104-110.

Behind the story of Goldman Sachs lies a series of events contributing to their success. In the 1880's, Goldman Sachs formed relationships with banks throughout Europe, leading to expansion, promotion and awareness of the firm. In 1970, Goldman Sachs opened an office in London, which was the initiation of their business offices opened in Europe; four years later followed Tokyo and Zurich. This drive to expand abroad has permitted Goldman Sachs to be recognized internationally as one of the most successful investment-banking firm. As proposed by Chandler, this is the next step a firm has to take in order to maintain competitive advantage. After capitalizing on economies of scale, the firm needs to expand internationally as explained above as well as recruiting teams of management leading on to the next step Goldman Sachs took.

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