Merrill Lynchs GPC Group

Introduction A company’s choice of an operating model has a dramatic influence on its competitive ability in the market. The principle determinants of the operating model adopted are standardization and integration. The rate of application (rated as low or high) determines the operating model to be adopted in the company.Advertising We will write a custom essay sample on Merrill Lynch’s GPC Group specifically for you for only $16.05 $11/page Learn More The operating model is significant in determining how IT infrastructure and business processes can be implemented on a digital platform. This paper explores the operating model quadrant for the digital platform adopted at Merrill Lynch’s Global Private Client (GPC) and suggests an alternative model that could have better results. Merrill Lynch’s GPC Merrill Lynch’s GPC group provides advisory services through the provision of wealth management services and products to pri vate businesses and individuals. GPC’s business model links more than 15, 930 financial advisors situated in about 680 offices distributed around the world. The company provides the financial advisors with support in five central functional areas: investment management, wealth management, marketing, global banking and direct services (â€Å"About Us† par. 4). The company utilizes technology in the provision of an open architecture digital platform for the financial advisors enabling them acquire comprehensive scope of products and services which enable them to deliver best-in-class solutions. Integration GPC’s business provides many investment products for its wealthy clients by using different channels. For instance, the products are provided either by direct interaction with the client, online access, and telephone access.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In order to efficiently deliver it services, GPC has developed an integrated product data on its Total Merrill platform. The company deals with different clients each with particular needs. The clients need to connect with each other especially those seeking the provision of services and products regarding the marketing functionality (Ross 3). Specifically, Investment management advice depends on the success of other businesses and the ability to create demand or fill an existing gap in the market. This follows, GPC’s financial advisors offer the same products to its customers who are located in different regions around the world. Due to the nature of the products, its digital platform is highly integrated (Ross 3). The system allows for sharing of information between advisors located in different areas. Standardization The clients served had a specific requirement that calls for a unique approach to solving them which means that the system cannot be standardized. However, GPC has been able to standardize its customer interface to make it easy to use from anywhere. However, as mentioned earlier, GPC cannot be standardized mainly because the GPC’s business processes that form the fundamental part of the company’s operations are not standardized across all its business units. Instead, it takes the advantage of its digital platform to create a new platform through which new products can be launched in the market (Ross 4). In addition, it may also create another channel through which the products are made available.Advertising We will write a custom essay sample on Merrill Lynch’s GPC Group specifically for you for only $16.05 $11/page Learn More Coordination Operating Model The digital platform at Merrill Lynch’s GPC falls in the coordination quadrant. The digital platform is characterized by an integrated product data and a customer interface that is standardized. Although, the customer interfac e is standardized, the business process that forms the crucial part of the company operations is not standardized (Rose 47). When launching a new product in the market, a new way of doing it has to be developed. GPC’s digital platform belongs to the coordination quadrant because the business processes specialization is low while the product data integration is high. Alternative Operating Model Quadrant Although the coordination operating model quadrant seems to work well for Merrill Lynch’s GPC, diversification could work even better for the company. GPC deals with clients from all over the world each with a specific requirement regarding investment and wealth management in their specific regions. Secondly, the customers are rarely common though the products offered by all the offices are the same. Moreover, only a few services are shared amongst the different business units. As such the need for a standardized model is not necessary. Secondly, though the products are similar, matters concerning marketing, investment and wealth management are unique for each area. In this sense, product data is applicable in a few cases only.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More For the reasons mentioned above, it is better to concentrate on a small region that is manageable than integrating product data. Conclusion The operating model quadrant used in Merrill Lynch’s GPC has enabled it create a standard technology platform that allows to share business data. As a consequence, the company has realized the impressive revenue and earnings. However, the company stands to gain more with the adoption of the diversification as the preferred operating quadrant. Diversification creates a digital platform that allows each business unit to work independently and satisfy specific customer needs. It allows each unit to use the digital platform to create a solution best suited for a particular area and consequently improve quality. By adopting a suitable operating model, the company stands to benefit in many ways. It is, therefore, important for companies to carry out experiments to determine the best operating method. Works Cited â€Å"About Us.† Merrill Lynch Wealth Management. N.p., 2015. Web. Rose, Jeanne. Enterprise Architecture as Strategy. 2nd ed. Peter Weill and David Robertson, 2007. Print. Ross, Jeanne. â€Å"Forget Strategy: Focus on Your Operating Model.† Sloan School of Management. N.p., Dec. 2005. Web. This essay on Merrill Lynch’s GPC Group was written and submitted by user Tate Stevens to help you with your own studies. 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The Examples of Essay on a Piece of Art

The Examples of Essay on a Piece of ArtStudents who are working on their writing samples should ask themselves whether or not they use examples to show how certain characters from the story are using a certain art. They should also ask themselves what kind of examples they use and how that example relates to the theme of the essay.Examples of essay on a piece of art are quite different from examples of essay on a work of art. For one thing, the examples of essay on a piece of art are literal; they are actual pieces of art, whereas the examples of essay on a work of art are symbolic. As such, they are showing someone how the artist worked, how he interpreted the work, or something that related to the theme of the essay.Many writers often use examples of essay on a piece of art to demonstrate how certain forms of poetry were made. As an example, let's take a writer who works in the field of wedding speeches. His piece of paper will have poems in it that had already been written by him, but he will have included examples of essay on a piece of art that is related to the topic of the speech.In this case, the writer uses examples of essay on a piece of art to demonstrate how he made the poems himself, how he wrote them, and even how he interpreted them. He may do this by including lines from the poem with his examples, or he might just write the first few lines of the poem himself and then rewrite the examples of essay on a piece of art. Either way, the idea is to show how he worked on the piece of art and how he worked with it to make it fit into the theme of the speech.Another type of example is by far the most common and also the most confusing. It is a combination of two examples of essay on a piece of art, one that is connected to the essay and one that is not. This works when the writer is simply explaining why he chose the form of the piece of art to illustrate the theme of the essay. The example is often the main example, the one you should use for most all of your examples, but sometimes it is not.Instead of writing an example that shows how the artist himself worked on the piece of art, the writer could instead choose to write an example that illustrates the meaning of the piece of art. He could include the meaning of the piece in the examples of essay on a piece of art, and he could even include some words in there to give it meaning. Other times, the writer might just focus on describing the meaning of the piece of art through example. In either case, the choice is up to the writer.An example of an essay on a piece of art that is not related to the topic of the essay will always use a specific example to connect the piece of art to the essay. This is almost never done for example of an essay on a work of art, but for pieces of art in general. When you see one, it will always be the example that is seen.The examples of essay on a piece of art are meant to show how the work of art fits into the context of the essay. To do this, the e xamples will use both literal and symbolic examples. Sometimes they are even used to show the artist himself working on the piece of art.