Morgan Stanley Dean Witter

EXECUTIVE SUMMARY Investment Banks be defined as pecuniary intermediaries that focus on the capital raising needs of firms with the use of debt and equity. In this capacity, Investment Banking firms concentrate primarily on underwriting debt and equity issues, as well as provide important consulting information for other firms in need of merger and learnedness expertise. A co-petitive analysis provides the analytical framework for an industry to quantify its key external relationships relative to the industrys customer prow and interpret inputs. Some customer competitors determine are investing banks offerings in the same markets, federal and municipal governments, and Big 6 accounting firms. Examples of supply competitors include commercial banks, private investors, and strategical consulting firms. Customer complementors consist of financial media, institutional investors, and software developers. Lastly, corporations rousedid to consolidation and higher institutes of learning compose the industrys supply complementors In determining what matters in the external environment, competitive, social/cultural, profound, economic, political, and technological forces are analyzed.

Factors such as pressures for globalization, demographic trends, changing legal policies, and strong economies impact the investment banking industry. The opportunities and threats identified here are the critical success factors in the external environment that can help position the industry to be profitable. The chief opportunities identified include the favorable economic environment that fosters mergers and acquisitions. Further, investment banks themselves put one across a unique window of opportunity to merge or acquire other investment banks which in turn promotes globalization. erosion of the Glass-Steagall Act will provide long range opportunities for investment banks to diversify their offerings and lines of business. In the short run, however, disappearance of Glass-Steagall poses... If you want to have got a full essay, order it on our website: Orderessay

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