How culture can be a source of competitive advantage for an organization

Organization Culture at Goldman Sachs

How culture can be a source of competitive advantage for an organization

The case focuses on the organization culture at Goldman Sachs. It explains the drivers and elements of Goldman Sachs’ culture, which has been a source of competitive advantage for the company. Goldman Sachs, which operated based on its 14 business principles, was known for its risk-taking ability, ruthlessness, and conservatism.  The case also looks into the changes that are taking place in the partnership culture at the organization after the company went public in 1999. The case also looks into the role played by the top management in the evolution of the Goldman Sachs culture

Issues:

  1. How culture can be a source of competitive advantage for an organization

  2. The elements of an organizational culture

  3. What drives organizational culture

  4. The role of the top management in the evolution of organizational culture

  5. The role of myths/stories/incidents/rituals in communicating culture

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