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  • Essay / The Structural Organization of Businesses in the United States

    The organizational structure of a business is a road map for business success. A well-designed organizational structure makes it easier to identify inefficiencies and new problems as the organization grows. It should be noted that Goldman's activity of buying and selling bonds, commodities and currencies is experiencing a decline in its banking results compared to the results of the same period in 2016. The overall practice of the Goldman activity that is implemented to achieve a primary objective should be addressed. It is the organizational structure that defines employee job descriptions and strategic methods to maximize productivity. In 2016, revenues from Goldman's activities would be twice as high as the latest revenues. There should be changes in the structure of historical drivers of banking results, a factor that would maximize revenues (Noe et al, 2003). Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original EssayGoldman's company's revenue could have fallen due to the failure to evaluate the organizational structure repeatedly. Evaluating the organizational structure ensures that the company operates more efficiently rather than decreasing in terms of sales of bonds, commodities and currencies. Goldman's activities require an evaluation of its structure with the assistance of counsel and other stakeholders. The Wall Street firm reportedly reported its first quarterly loss since 2011 due to the $4.4 billion hit from the new tax law. Given the new tax legislation, it is necessary to review the organizational structure of the company. The new paradigm should incorporate employee suggestions, set communication guidelines, and maximize productivity, even with the new tax law in effect. With the new organizational structure, it would be advisable to evaluate the company structure at least once per financial year. It is important to note that the world of everyday commerce is fluid; therefore it is necessary to apply changes before extreme situations, as is the case in Goldman's business. The article highlights the difficulties that competitors of Goldman's activities also encounter. However, the decline in competitors' performance is not as significant as that of Goldman's business. For example, Bank of America reportedly saw its revenues decrease by 13% in the fourth quarter compared to the same period a year earlier. The observation of the general decline in business productivity could serve as a starting point for the Goldman affair. The policy tools applied by the authorities to manage the economy would be important in making important decisions that would place the organization on the international stage (Cooley, 1995). The article is important because it also highlights some of Goldman's most brilliant pieces of analysis. The losses incurred by the company provide readers with an opportunity to think about how the company can increase its productivity. Goldman's brightest people also define the essential policy tools needed to make businesses function. The article therefore provides insight into how businesses possess strengths and weaknesses that could have serious consequences for the business in question. Businesses are facing several challenges due to the changing nature of work and globalization. Keep in mind: this is just a sample..