Introduction Goldman Sachs has been in operation for the last 147 years and has become one of the leading financial institutions in the United States and global market. The success of this firm is partly attributed to a number of external environmental factors such as the growing economy in the United States, the increasing globalization, and the rising number of the middle class globally. However, its internal environment is largely responsible for the years of success that this firm has experienced, even at a time when its major market rivals such as Lehman Brothers were forced out of the market. The internal environmental factors, according to Williams (2016), are what make a firm unique compared to its competitors in the market. It makes a company have unique capabilities in terms of meeting market challenges. For Goldman Sachs, it has proven that it has a detailed understanding of the market forces not only in the home country in the United States, but also in other global markets where it operates. In this report, the focus is to conduct a comprehensive analysis of the internal environment of this firm. Key Internal Factors According to Williams (2016), the competitiveness of a firm in the market is often determined by its key internal factors. In most of the cases, firms within a given industry often face similar environmental forces as long as they are operating in the same market. The success of a firm largely depends on the nature of its internal environment. For Goldman Sachs, the finance market where it operates is highly competitive. It has one of the top companies all competing for the same market. To achieve a greater market share, a firm needs to develop an internal structure that makes its operations more efficient and less straining to its employees. The management of this company has been keen on developing an enabling internal environment to help it achieve success in the market. Core competencies Looking at Goldman Sachs core competencies is one of the ways of analyzing its internal environment with a view of determining its uniqueness in the market. Mandis (2013) defines core competencies as “defining capability or advantage that distinguishes an enterprise from its competitors.” They may a company stand out among the rest as a firm that has unique capabilities uncommon in other rival companies. The figure below shows some of the key competencies of this company. Figure 1: Goldman Sachs’ Core Competencies. Source (Developed by author). As shown in the above figure, one of the greatest core competencies of Goldman Sachs is the value it places on teamwork. According to Williams (2016), a firm that embraces teamwork is capable of achieving success because employees will cherish working as a unit instead of just completing the assignments given to them. Employees will be willing to help their colleagues to address tasks which are complex. It is also in such environments where employees will embrace positive competition among the departments. At Goldman Sachs, each department often treats its employees as part of a larger team. Members of every team are responsible for everything that happens within their department. For insta