Leadership Development at Goldman Sachs Essay Example | Topics and Well Written Essays - 2500 words - 1

Leadership Development at Goldman Sachs - Essay Example This scenario demands a learning organisation; in this case, a learning organisation is that which has the capacity and expertise to facilitate learning and transfer learning in continuous processes. This means that it is expected that organisations have sufficient expertise to facilitate learning for employees. The solution of the challenge war for talent is to create leadership development programme at Goldman Sachs, an investment bank at the United States. A leadership development program should cover all perspectives of the organisation, enabling it to effectively achieve its set goals. This is an analysis presents a case study of â€Å"Leadership Development at Goldman Sachs.† Among many other companies in the 1990s, Goldman Sachs was in the fire line fighting the war for talent – both to retain and attract its talent. With its initial step in managing talent, Goldman Sachs created several new managing director posts, dispersal by geography and function. The United States boasts of very many investment banks that have been very successful since the time they were developed, one of these banks is Goldman Sachs. This is an American multinational investment bank, offering various kinds of financial investment in the United States and some other countries that it has set base. Between 1980 and 2000 the investment bank went through major changes that were mainly due to many factors like growth of the IPO markets, merges, growth and expansion of their businesses as well as the globalisation element. In the 1990s, several fundamental issues were raised in the investment bank, which were crucial for its growth and development First, Globalisation increased the competition of talent, thus retention was one of the main issues for Goldman Sachs. It is important to realise that the only way to retain talent in any business is by managing it effectively. As many companies started expanding, there was a high rate of labour mobility, something that