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Required Information The Role of Information Systems Read the overview below and complete the activities that follow. Company strategies cannot be executed well without a number of internal systems for business operations. Well- conceived state-of-the-art operating systems not only enable better strategy execution but also strengthen organizational capabilities-enough at times to provide a competitive edge over rivals. For example, a company with a differentiation strategy based on superior quality has added capability if it has systems for training personnel in quality techniques. tracking product quality at each production step, and ensuring that all goods shipped meet quality standards. If these quality control systems are better than those employed by rivals, they provide the company with a competitive advantage. Similarly, a company striving to be a low-cost provider is competitively stronger if it has an unrivaled benchmarking system that identifies opportunities to implement best-in-the-world practices and drive costs out of the business faster than rivals. Fast growing companies get an important assist from having capabilities in place to recruit and train new employees in large numbers and from investing in infrastructure that gives them the capability to handle rapid growth as it occurs, rather than having to scramble to catch up to customer demand. The goal of this exercise is for you to understand the role of information systems and operating systems in enabling company personnel to carry out their strategic roles proficiently. Before completing this exercise be sure to review Chapter 11, "Managing Internal Operations:" specifically, the section entitled "Installing Information and Operating Systems."What are the standout features of Goldman Sachs' corporate culture? Multiple Choice O Teamwork and Inclusion O Stuffy and stodgy O Hip and cool O Slow moving and methodical Elitist and cutthroatHow did Goldman Sachs' culture contribute to Vault.com naming it the best banking firm to work for in 2017? Multiple Choice O Its workplace policies were consistent with other major Wall Street banks. O Its workplace pollcles encouraged competition and Individual recognition. O Its workplace policies encourage teamwork, diversity. and work/life balance. O Its workplace policies mirrored large tech companies like Amazon, Google, and Microsoft. O Its workplace policies provide for high salaries, bonuses, and perks.Goldman Sachs was long considered one of the best financial services companies to work for, due to its prestige, high salaries, bonuses, and perks. Yet by 2014, Goldman was beginning to have trouble recruiting the best and brightest MBAS at top business schools. Part of this was due to the banking crisis of 2008-2009 and the scandals that continued to plague the industry year after year, tarnishing the industry's reputation. But another reason was a change in the values and aspirations of the younger generation that made banking culture far less appealing than that of consulting. technology, and start-up companies. Newly minted MBAs were no longer as willing to accept the grueling hours and unpredictable schedules that were the norm in investment banking. They wanted to derive meaning and purpose from their work and prized work/life balance over monetary gain. The tech industry was known for fun, youth-oriented, and collaborative working environments, while the excitement and promise of entrepreneurial ventures offered much appeal. Goldman found itself competing with Amazon. Google, Microsoft. and Facebook, as well as with start-ups for the best young talent-and losing out. Goldman's problem was compounded by the fact that its culture was regarded as stuffy and stodgy-qualities not likely to appeal to the young. particularly when contrasted with the hip cultures of tech and start-up companies. Further, it had always been slow-moving in terms of implementing organizational change. Recognizing the problem, the leadership at Goldman attempted to pivot sharply, asking its executives to think of Goldman as a tech company, complete with the associated values. The Chief Learning Office at Goldman Sachs was put in charge of the effort to transform its culture and began taking deliberate steps to enact changes. Buy-in was sought from the full C-suite-the leadership team at the very top of the firm. To foster a more familial atmosphere at work, the company began with small steps, such as setting up sports leagues and encouraging regular team happy hours. More significantly. they instituted more employee-friendly work schedules and policies, more accommodating of work-life balance. They liberalized their parental leave policies. provided greater flexibility in work schedules, and enacted protections for interns and junior bankers designed to limit their working hours. They also overhauled their performance review and promotion systems as well as their recruiting practices and policies regarding diversity. Although cultural change never comes swiftly, by 2017 results were apparent even to outside observers. That year, the career website Vault.com named Goldman Sachs the best banking firm to work for, noting that when it came to workplace policies, Goldman led the industry