Merril Lynch - Gurus in the Office
Though Merrill Lynch is a highly respected member of the stock market, a typical day in the office for employees of this company, is more like an assembly of sages rather than the usual and mundane things of business life!
Merrill Lynch lives in the future, though it has feet firmly in the present. Enormous resources of past data give the organization a special strength: they are able to foresee trends, not by clairvoyance, but thorough sound company processes which use common information more creatively-this kind of expertise never comes easily, so Merrill Lynch must be a learning organization.
Even Merrill Lynch insiders may concede that it has benefited from circumstances. The extraordinary development of the Chinese economy has created a vast population of nouveau-riche without access to expertise on how to best deploy their sudden wealth accumulation! Hong Kong may have provided a great stock market launch pad for the mainland, and Taiwan has played a constructive role, overcoming ideological issues, but personal wealth management was a void which Merrill Lynch has filled in professional manner and with immense profits for itself as well!
Funding for company growth, acquisitions, and new projects have provided another generous stream for Merrill Lynch. Though the Indian stock market scene has come of age, most domestic companies on the sub-continent have lacked the kind of expertise and experience in financial matters which Merrill Lynch has accumulated for decades. The company has therefore been able to profit from and to contribute to the rapid economic expansion of the entire emerging world. The company has always been amongst the first off the blocks when North America began to mature, and organizations had to look for new pastures for growth and profits.
Merrill Lynch has always maintained a high ethical profile, and has set an example on governance for others to follow. The stock market concerns in this area have added to the value of the sage advice which the Gurus of Merrill Lynch dispense, and has contributed to the company being the first port of call for most companies which seek to upgrade and expand their enterprises.
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