Goldman Sachs Mission Statement

Company: Goldman Sachs Group
CEO: David Michael Solomon
Year founded: 1869
Headquarter: New York
Number of Employees: 43,900
Type: Public
Ticker Symbol: GS
Market Cap (Sept 2021): $112 billion
Annual Revenue (2021): $59.34 billion
Profit | Net income (2021): $21.64 billion

Did you know? Goldman Sachs bank is the 10th largest asset manager competing against different commercial banking systems.

Goldman Sachs is a multinational investment bank in New York, offering financial services worldwide. Established in 1869 by the Goldman Sachs Group, the global bank serves as a leading investment banking and management firm to provide a variety of services. The bank has a diversified and substantial client base, including financial institutions, corporations, and individual and government firms.

The multinational bank draws an in-depth understanding of the customers its serves from a grounded experience in the corporate and consumer banking sector. Since it was established, the bank has shown commitment to providing reliable services and financial assistance.

The annual revenue of Goldman Sachs is $59.34 billion

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“Goldman Sachs’ mission is to advance sustainable economic growth and financial opportunity across the globe.”

Goldman Sachs’s corporate mission statement is all about using expertise and skills to serve people. The bank showcases its goals to become a financial and investment leader in the banking sector. The critical elements of Goldman Sachs’ mission statement comprise;

Mission Statement Analysis of Goldman Sachs

Providing Economic Growth

The first component of its mission statement indicates Goldman Sachs’ aim to advance the development and growth of its customers. For 150 years, the company has been working hard to help leading entrepreneurs, institutions, and businesses get financial opportunities.

The statement also indicates how the bank mobilizes technology, ideas, culture, and people to advance the client’s success. The bank’s primary ambition is to increase economic progress and broaden the horizon of individual prosperity.

Enhancing Lifestyles

Goldman Sachs emphasizes the significance of providing services and products that can meet clients’ needs and demands through its mission statement. To ensure maximum financial opportunities and assistance, the bank operates through comprehensive segments such as banking, investment management, and institutional services for clients. Lending and investing are some of the bank’s other leading services that facilitate people and help them improve their lives.

Promoting Progressive Growth

Providing sustainable growth opportunities to businesses and customers is Goldman Sachs’ motto. The mission statement demonstrates the bank’s goal to strive for success by focusing on teamwork and advanced technologies and systems.

Since the bank began operations, it has shown its commitment to progressive growth to impact people’s lives and institutions’ development in the long run.

Goldman Sachs Mission Statement Vision Core Values Analysis Image Credit Olga Subach — Image credit: Olga Subach

Goldman Sachs Vision Statement/ Purpose

“We mobilize our people and resources to advance the success of our clients, broaden individual prosperity and accelerate economic progress for all.”

Like its mission statement, Goldman Sachs’s vision statement/purpose outlines its desire to provide financial freedom for everyone.

The key components bank’s purpose is:

Using Resources to Ensure Success

The bank considers each customer equally important and makes sure to give maximum attention. This straightforward approach of the leading bank sets it apart from other financial institutions. It also allows the bank to adopt effective strategies to drive customers’ businesses towards successful growth.

Bringing Financial Prosperity

Goldman Sachs understands the relationship between prosperous economic growth and the financial sector. The bank implies in its vision statement that it plays an important role in accelerating or speeding up financial inclusion.

It provides financial offerings to help businesses and individuals understand the importance of having access to a secure financial system.

To promote financial prosperity, Goldman Sachs supports several state programs to establish a devoted advocacy group to encourage people to gain financial awareness and build a relationship to strengthen loyalty.

Goldman Sachs Core Values

Goldman Sachs emphasizes creating a culture that allows everyone to grow and excel. The major core values of the bank are innovation, excellence, integrity, and teamwork. All these values promote a distinct culture in the company and play an important role in positioning it as an industry leader. Also, the core value of the bank helps it create lasting relationships with clients worldwide.

Here is a core value analysis of Goldman Sachs.

Impeccable Client Services

The first core value of the renowned bank focuses on delivering excellent client services. The company leads with a unique service mindset that enables it to anticipate and meet the needs of the customers and clients by providing innovative and thoughtful solutions.

Pursuit of Excellence

Goldman Sachs makes excellence a part of its values. The corporation aspires to nothing less than brilliance and consistency to get exceptional performance and achieve outstanding results for clients, companies, and shareholders.

Integrity

Like the other two values, integrity is a crucial feature that the bank aims to see in its workforce. It believes that only an honest culture holds employees and teams accountable to high ethical standards and ensures vigilance and transparency from people.

Also, this value encourages teams to learn from their mistakes and experiences to make decisions that help them inculcate a sense of pride and purpose in the firm.

Long-term Partnership

Goldman Sachs has always been passionate about establishing long-term relationships with clients and customers by winning their trust. That is why it uses long-term partnerships as one of its core values to encourage teams and employees to build a sustainable bond with the clients.

The bank prioritizes value diversity and collaboration to create a culture that supports unity, teamwork, inclusiveness, and an empire-building mindset to accomplish personal and professional excellence.

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