Morgan StanleyEssay Preview: Morgan StanleyReport this essayMorgan Stanley’s Return on System NoninvestmentIntroductionMorgan Stanley was established in 1935, and in 1997 merged with retail brokerage firm Dean Witter Discover and Co to become a global financial services organisation that employed more than 53,000 people in over 600 countries including Australia. Institutional Securities, Asset Management, Retail Brokerage and Discover were the four segments of Morgan Stanley. The merger altered the working environment of Morgan Stanley and created a divide in employee acceptance of the Retail Brokerage segment. It did not integrate well with the firm partly due to the information systems being different to the rest of the company.
Exquisite Work
To achieve the transformation of Morgan Stanley into the world’s leading global business-to-business agency, Morgan Stanley’s senior vice president of public affairs, Jonathan E. Ehrlich, created the “Exquisite Work” initiative. A core unit of the Office of the Under Secretary of the Treasury for Management and Budget, Exquisite Work provides “a global approach to business management with real-time reporting and consulting” designed to help investors and clients understand and engage with the complex processes that affect financials across a network of industries.
For example, through the Exquisite Work initiative, an organization can monitor and interpret the processes that drive the cost of financials across a network of industries, such as financials that are regulated. These processes are designed to allow a company to focus efforts on the information processes that affect real-time, and to focus on and evaluate opportunities. Exquisite Work is the definitive guide, not just to individuals who are interested in the process, but also to professional groups that help manage financials in their industries and to firms working on financials to the fullest extent of the law. Exquisite Work aims to create a world-class workforce — one that enables companies to manage the complexity of financial planning, accounting, financial services, and data management processes.
The Exquisite Work mission is to build the global business organization industry for a future characterized by innovative, high-efficiency financial services. A multi-stage strategy is to use an integrated team, focused on the management of financials that are on a global basis. The objectives of this initiative include:
A multi-stage business organization leadership structure that is driven by a global team whose overall mission is to become the world’s leading financial services agency. An integrated financial planning process that involves many interdependencies on the organization’s core business.
Integrated financial planning process that uses strategic teams in collaboration with the U.S. Securities and Exchange Commission, which together develop its financial products for the management of financial products that benefit investors in foreign jurisdictions.
The Exquisite Work group is set up with the following mission: To develop an interagency financial business structure that can help the financial industry to grow. An interagency investment plan that focuses on high-potential acquisitions, large investments in technology in the future, and the ability to manage the business using highly skilled and well-tolerated staff. And a global investment plan that is flexible enough to address the complexity of the international financial markets.
The mission of financial services is to build new businesses that will drive economic growth worldwide. We develop systems and methods to integrate the financial markets, and we strive to develop the principles and procedures to maximize financial performance among leading international financial services companies.