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8/14/2019 Macquarie Presentation
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Macquarie Group
By: Mahmut A. Resulolu, Alka
Sharma, Wasutha Aj, Sameer Bhatia
and Zih Siou, Syu
Group: Corporate Quest
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Presentation OutlineMacquarie History: How it all started
Why we chose Macquarie Group
Past achievements
Redesign and Reengineering: Building blocks for Corporate Venturing
Macquarie corporation and its environment Seven Perspectives on the nature of entrepreneurship
Corporate Entrepreneurship and the Organizational Life Cycle
Three main challenges of entrepreneurship
Entrepreneurship within Macquarie Group
Impact of workforce rearrangement on Macquarie Group: Positive and Negative impacts on the workforce
Restructuring of work design
Management of internal changes
Comparing Macquaries Corporate Entrepreneurship to MaxMuir
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Macquarie Group History
How it all started: Macquarie takes its origins from the merchant bank Hill Samuel Australia
(HSA), a wholly-owned subsidiary of Hill Samuel &Co. Limited, London. Established in Australia in 1969, and it began operations in Sydney in
January 1970 with only three staff. In 1981, due to deregulation of financial markets, HSA commenced work on
a proposal to become a trading bank. Authority for HSA to becomeMacquarie Bank Limited (MBL) was received from the Federal Treasurer onFebruary 28th 1985,
In 2009 Macquarie Group has grown and offers a diverse range of banking,
financial, advisory, investment services as well as corporate ventures in thefield of infrastructure and airports. The Macquarie group has underlined major financial innovations, which
have underpinned its reputation as a market leader as well as a reputationin infrastructure and airport building internationally.
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Achievements
Current PerformanceThe Macquarie group acquisitions speak for it self in terms of performance:
Just a few days ago, the Macquarie group has acquired Delaware Investment LeadingUS diversified asset management firm with over $US125 billion in assets under
management.
Acquisition provides Macquarie with a highly regarded team of investmentmanagement professionals, attractive product suite and broader access to the world'slargest capital market
Acquisition is consistent with Macquarie's strategy to develop a global assetmanagement capability
Another acquisition which is note taking is the acquisition of acquire global energyadvisory firm, Tristone Capital Global Inc.
The acquisition will improve Macquarie's energy offering by integrating Tristonesenergy advisory and capital markets capabilities.
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Creating the Entrepreneurial Organization
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Nature of Entrepreneurship
Creation of Wealth Objective approach
Exclusive access
Global opportunities
Creation of Enterprise
Working closly with government to deliver transport, roads, airports andutilities.
Creation of Innovation
Macquarie Group Foundation invests $2 million in Social Innovation
How did Macquarie redesign their entrepreneurship perspective in their new
corporate ventures ?
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Nature of Entrepreneurship
Creation of Change
Climate Change Investments
sourcing investments across renewable technologies Macquarie BioCarbon
Investing in the reduction of greenhouse gases
Environmental product trading
Creation of Employment
Recruited 2,321 new staff in 2005, up 72% on 2004 Australia -Ranked as the highest volume corporate employment advertiser
Employees at all levels are rewarded for the opportunities they create, thecontributions they make, and the value they add for clients, customers andshareholders.
How did Macquarie redesign their entrepreneurship perspective in their new
corporate ventures ?
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Nature of Entrepreneurship
Creation of Value:
Management is focused upon creation of value-add up sellingopportunities and new revenue streams.
Creation of Growth:
Macquaries growth strategy is to expand selectively, seeking only to enter
markets where we perceive there is a genuine opportunity to add realvalue.
How did Macquarie redesign their entrepreneurship perspective in their new
corporate ventures ?
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The Challenge for Macquarie
Achieving credibility or legitimacy for the concept and the entrepreneurialteam:
Proposal Plan
Ideas and Development
Industry Law
Obtaining resources:
Finance and Capital
Overcoming inertia and resistance:Offer profitability to shareholders
Human capital (extending the business into other areas)
International strategic alliance
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Entrepreneurship within
Macquarie
Traditional Research and Development:
Innovation
New Venture Divisions or Groups: Innovation to facilitate corporate entrepreneurship Provide an adequate structural context for new venture activities Create a process for determining the strategic context on new ventures.
Acquisitions: 2004: Agreement with ING Group (ING) to acquire 100 per cent. 2006: Unsuccessful acquisition proposal of Qantas 2007:Orion Securities 2009:Delaware investment $428 million in cash, continuing a trend in
consolidation in the fund management business.
How does Macquarie achieve Corporate Entrepreneurship ?
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Impact on the Workforce
Macquarie Groups core ideology provides the glue that holds the whole
organization together as it grows, diversifies and expands globally..!!
Corporate Venturing and changes to the employee roles:
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Impact on the Workforce
POSITIVE implications of change on the workforce:
Maquarie Group has continued to recruit motivate andreward high quality people
Acquisition with six new business has resulted in growthin high profile teams and individual.
Its enterprising environment offers employees thefreedom to make their mark with their team, clients,customers, the Bank and their industry.
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Impact on the Workforce
POSITIVE implications of change on the workforce:
Diversified workforce not only allows the manager tomake better choice. It also enable the organisation to
market untapped minority market
An increase in employees wellness & development ismost noticeable positive impacts reported.
Maquarie is a decentralised form of organization so it iseasily approachable by employees.
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Impact on the Workforce
NEGATIVE implications of change on the workforce:
Maquarie became diversified through acquisitions andstart-up enterprises they often took on unrelated business
ventures.
International expansion have added to the complexity ofproblems in organization.
As organization grew,so did the number of managerswhere it often became more than that can be supported bycondition.
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Internal management of changes
Macquarie Groups employment concept regardless of new ventures..
How does Macquarie maintain a successful employment force?
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Key to Successfull Workforce
Fulfilment for our People: Macquarie seeks to recruit the best people without discrimination or
bias and advancement and remuneration are based solely on merits.
Teamwork:
To better serve our clients, Macquarie is organised into individualseparate businesses
Highest Standards: Superior returns are only achieved through the best work, which
requires excellence, innovation and creativity.
How does Macquarie maintain a successful employment force?
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Comparing Macquaries CorporateEntrepreneurship to MaxMuir Case Study
In comparison, lets take the example of Max Muir. One of the ways of staying in thebusiness was the acquisitions of a number of competitors within the same field.
Max Muir emphasizes strong personal networks to maintain strong relationships with hisclients.
In comparison with the Macquarie group, we can see that how the Macquarie groupacquires different firms in different fields and not just the banking and finance sector, withthese ventures it creates new venture divisions and groups.
Acquiring new ventures in Toll roads, pipelines and waterworks, leads to expertise in the
management and control in these fields. In roads, it has a head start since Australiaprivatised its toll roads more than 15yrs ago. Europe and America have just started around4-5 years back.
With they acquire expertise,it gives an edge to the company against its competitors, andwith its huge financial background, it becomes a tough competitor and eventually tends toovershadow its competitors in any field it ventures into.
Corporate Entrepreneurship vs Individual Entrepreneur
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The End
Presented
By
Group Corporate Quest
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