Business Model of Lehman Brothers
This is the business model of Lehman Brothers that includes the general details about the operations of the business that will address all its functions including factors such factors as the expenses, revenues, operating strategies, corporate structure, sales and marketing procedures as well as the details of the day to day functionality of the corporation.
Lehman Brothers is a company founded in 1850 that deals with international finance and assure that it handles the monetary needs of its stakeholders well. These include the businesses, governments and metropolitans, the customers who are institutional and individuals of high worth internationally. Furthermore, it also ensures to sustain the leadership positions in equity and fixed income sales - in areas of trading and research, investment banking, private investment management as well as asset management and private equity. (Lehman Brothers, n.d.).
Mission Statement
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- For the firm. Lehman brothers believe to attain success from the strength of their people using the distinctive qualities of the firm that aids them in hiring the best individuals who can work with their full commitment and can cope up well with the team and for this, they attract the best talent after which they train them and facilitate their development.
- For the clients. The culture of the firm helps in bringing the best to meet the needs of the clients and to provide value by delivering innovative solutions.
- For the shareholders . The employees of the firm work with full commitment to build value for the firm that aims to deliver higher returns to all the shareholders. (Lehman Brothers, n.d.).
Worldwide Offices
Lehman brothers have offices all around the world with its world headquarters in New York and other offices in London and Tokyo. (Lehman Brothers, n.d.).
Diversity and Inclusion
The firm strictly believes in diversity and has also included it in their vision in order to operate the business. The definition of diversity by firm is the difference in thought and perspective of its stakeholders that should be valued. Moreover, it also aims to integrate diversity into every aspect of their business. The firm believes in its success by selecting the best candidate from the talent available and employing him for the right jobs that he is capable of, besides this Lehman brothers also promote diversity at their workplace and for this they dedicate their momentous time and resources.
The employees of the firm in its different offices located in Americas, Europe and the Middle East, and Asia-Pacific are committed to enriching the culture of the firm as well as to develop the environment for the employees and for this, there are councils that work to augment and to implement the diversity plans of the business. Furthermore, Lehman brothers also sponsor programs that are being held locally as well as internationally so that diversity could be promoted. (Lehman Brothers, n.d.).
Philanthropy
The philanthropic activities that are supported by the firm aids the not for profit organizations in a way that it works to ensure that the quality of healthcare improves, promotes arts and culture and also provides with the educational facilities for the children especially those who are underprivileged and Lehman brothers also works in order to achieve these goals so that it can strength its relationship with its stakeholders. (Lehman Brothers, n.d.).
Sustainability
The firm also provides solutions that are related to the environment and social issues as it has a vision to build value for their clients through this. Moreover, it is an investment bank that is responsible for its activities and gives high returns to its shareholders.
Lehman Brothers Sustainability Principles
There are certain principles that are being followed by Lehman Brothers and the principles that are suggested by the firm are also reported on a regular basis in order to ensure that they are also being implemented. The firm is also environmental friendly and this can be proven in a way that it intends to reduce the harmful effects of the environmental and social impacts led by the operations after which its risks are assessed and action is taken. The firm also encourages its employees to develop innovative solutions that can help in reducing the impact of the social and environmental affects.
Moreover, the firm also delivers opportunity in a way that it looks for opportunities for the business in every array related to the commercial, environmental and issues related to the social benefits after which its market based solutions are proposed after which the firm applies knowledge and understanding of financial markets to develop and implement innovative environmental and social market-based solutions. Research and analysis is conducted on the issues mentioned above and the results of the research are available to the public. (Lehman Brothers, n.d.).
The way of managing the firm is the ‘one firm’ approach that is adopted by the firm to do business and this enables them to fully utilize the resources of the firm so that they can give the best to their clients, moreover Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. It is one of the top investment banks in the world and the network of the firm is very important that helps the firm to solve the diverse financial needs of the clients.
References
- Lehman Brothers. (n.d.). About Us. November 1st, 2008. Retrieved form: http://www.lehman.com/who/
- Lehman Brothers. (n.d.). Mission Statement. November 1st, 2008. Retrieved form: http://www.lehman.com/who/mission/
- Lehman Brothers. (n.d.). Worldwide Offices. November 1st, 2008. Retrieved form: http://www.lehman.com/who/offices/
- Lehman Brothers. (n.d.). Diversity and Inclusion. November 1st, 2008. Retrieved form: http://www.lehman.com/who/diversity/
- Lehman Brothers. (n.d.). Philanthropy. November 1st, 2008. Retrieved form: http://www.lehman.com/who/philanthropy/
- Lehman Brothers. (n.d.). Sustainability. November 1st, 2008. Retrieved form: http://www.lehman.com/who/sustainability/
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Business Model of Lehman Brothers. (2018, Feb 14). Retrieved from https://phdessay.com/business-model-of-lehman-brothers/
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