The organizational structure of a company is a road map to the success of the company. A well-designed organizational structure makes it easier to identify inefficiencies and new problems as the organization grows. It is noted that Goldman's buying and selling activity of bonds, commodities and currencies recorded a decline in banking results compared to the results of the same period in 2016. The overall practice of Goldman's activity that is implemented to achieve a goal primary should be addressed. It is the organizational structure that defines employee job descriptions and strategic methods for maximizing productivity. In 2016, Goldman's business revenue was double its most recent revenue. There should be changes in the structure of historical drivers of banking performance, a factor that would maximize revenue (Noe et al, 2003). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Goldman's business revenue may have declined due to failure to repeatedly evaluate organizational structure. Evaluating the organizational structure ensures that the company runs more efficiently rather than declining in terms of sales of bonds, commodities and currencies. Goldman's business requires an evaluation of its structure with the help of an attorney and other interested parties. There is information about the Wall Street firm reporting its first quarterly loss since 2011 due to the $4.4 billion charge resulting from the new tax law. In view of the new tax legislation it is necessary to review the organizational structure of the company. The new paradigm should incorporate employee input, establish communication guidelines, and maximize productivity even with the new tax law in place. With the new organizational structure it would be appropriate to evaluate the company structure at least once every financial year. It is important to note that the world of day-to-day trading is fluid; therefore there is a need to make changes before extreme situations as in the case of Goldman's business. The article notes the difficulties that competitors to Goldman's business are also experiencing. However, the decline in competitor performance is not as large as that of Goldman's business. For example, we note that Bank of America reported a 13% decline in revenue in the fourth quarter compared to the same period a year earlier. Observing the general decline in business productivity could serve as a starting point for Goldman's business. The policy tools applied by the authorities to manage the economy would be significant in making important decisions that would place the organization on the international stage (Cooley, 1995). The article is important as it also highlights some of Goldman's brightest for analytics. The losses suffered by the company offer readers the opportunity to think about how the company can increase its productivity. Goldman's brightest elements also define the vital policy tools needed to run businesses. The article, therefore, provides information on how companies have strengths and weaknesses that could have serious effects on a particular business. Businesses face several challenges due to the changing nature of work and globalization. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Article notes that Lloyde C. Blankfein must succeed, after serving as Director for 12 years
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