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| Type | Partnership |
|---|---|
| Founded | 1983 |
| Headquarters |  Cambridge, Massachusetts30 offices around the world |
| Key people | Mark Fuller, Chairman & Co-Founder Michael Porter, Co-Founder Joseph Fuller, Co-Founder Stephen Jennings, Co-CEO Bob Lurie, Co-CEO Thomas Craig, Co-Founder Mark T Thomas, Co-Founder |
| Industry | Management Consulting |
| Employees | 1,500 employees worldwide |
| Website | www.monitor.com |
Monitor Group is a privately-owned global management consulting firm. It was founded in 1983 by a group of six entrepreneurs with ties to the Harvard Business School: Michael Porter, Mark Fuller, Joseph Fuller, Michael Bell, Mark Thomas, and Thomas Craig. Monitor provides services in the areas of strategy consulting, capability building, and capital services.
Monitor Group is headquartered in Cambridge, Massachusetts, and has offices in 30 major cities around the world.
Contents |
Organization
Managed as an integrated system of international offices, Monitor’s offices are not treated as separate profit-generating units, but rather as different posts of a single company. The profits generated by all offices are brought in together as a firm.[1]
Monitor Group actually encompasses a network of several different companies, each with their own variety of services: Market2Customer (M2C) provides research and customer analysis; Monitor Action Group creates strategic plans; Monitor University teaches key findings to chief executives; and Monitor Clipper Partners is a private equity investment firm.[2]
According to editor-in-chief of Consulting Magazine, Jack Sweeney, Monitor Group is well-known for being different.[3] Monitor's corporate stratification includes titles such as "thought leaders" and "chief knowledge officer" in lieu of groups of vice presidents and corporate spokespeople.[3] Another example of Monitor's untraditional approach is its usage of a television production studio, known as TNBT ("The Next Big Thing"), which produces TV shows and videos tailored for individual clients.[3]
Monitor Group is a cosponsor of the Fast Company Social Capitalist Awards, which identify 45 top social entrepreneurs that are changing the world.[4] The firm has also donated more than $20 million[citation needed] in pro-bono strategic resources and support to New Profit Inc., a nonprofit venture philanthropy fund, since New Profit's founding in 1998. In addition, more than 250 Monitor Group consultants have participated in projects supporting New Profit and its portfolio organizations.[5] The firm received a Pro Bono Award from the US President's Council on Service and Civic Participation as a result of these efforts.[6].
Monitor was hit by the 2008 economic crisis. In September 2008 they laid off nearly 20% of their workforce and closed several small offices. According to Joe Fuller, 2008 revenue was up on the previous year, but they anticipate "a demanding and tough market in the short term".[7]
Competitors
Monitor’s main competitors in the high-level strategy consulting market are McKinsey & Company, The Boston Consulting Group, Arthur D. Little, Booz & Company and Bain & Company.[8]
Clients
Monitor Group does not disclose its list of clients, which includes Fortune 500 companies, nonprofits and government institutions. Even when discussing clients in-house, Monitor uses acronyms to protect client's identities, a mark of Monitor's hyper-confidentiality.[3] Some engagements that have appeared in the press due to their public nature include a major initiative with the Libyan government[9][10] and a groundbreaking organizational effort with the University of California[11].
Personal management
Monitor has been featured in numerous publications for the quality of its culture and morale. The company was chosen as one of “10 Best Firms to Work For” by the Consulting Magazine[12] and was ranked in the top 5 of the “50 Most Prestigious Consulting Firms” ranking by Vault Guide.[13].
Recruiting
Monitor Group recruits both at MBA and undergraduate levels, including online recruiting, for the "consultant" position, the title given to all of Monitor's professional staff.[14] Monitor's candidates typically come from top Ivy League schools and their international equivalents, liberal arts colleges and business schools across the world. Only around 2% of the undergraduate applicant pool receives offers.[15]
Offices
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Notable current and former employees
- Ian Smith - Chief Executive Officer, Reed Elsevier
- Chris Argyris - Professor Emeritus at Harvard Business School, known for his seminal work on "Learning Organizations"
- Asheesh Advani - President and CEO of Virgin Money USA; Founder of CircleLending
- Michael Bell - Founder and Managing Partner, Monitor Clipper Partners and former SVP, John Hancock Financial Services
- Rob Bier - Operating Executive, TowerBrook Capital Partners (UK) LLP, former Founder & CEO of SPARCK Hypotheken
- Craig Boyan - Chief Operating Officer, H.E. Butt Grocery Company[16]
- Thras Moraitis - Executive General Manager, Group Strategy and Corporate Affairs, Xstrata
- Partha Bose - Chief Marketing Officer, Oliver Wyman
- Mark Bruneau - Senior Fellow, Monitor Group and former Chief Strategy Officer, Bell Canada Enterprises
- Tom Copeland - leading corporate finance authority, co-author of "Valuation: Measuring and Managing the Value of Companies" and "Real Options: A Practitioner's Guide"
- Mark Costa - Executive Vice President, Polymers Business Group and Chief Marketing Officer, Eastman Chemical [17]
- Richard Dearlove - Head of the British Secret Intelligence Service
- Michael Fairbanks - Chairman Emeritus and Founder, OTF Group and Co-Author, Plowing the Sea: Nuturing the Hidden Sources of Advantage in Developing Nations [18]
- Katherine Fulton - Senior Adviser, Global Business Network, partner, Monitor Group, President, Monitor Institute[19]
- Rahul Gandhi - Senior Congress Party Leader in India and son of former Indian Prime Minister, Rajiv Gandhi
- Dean Provost - President, Enterprise Solutions Division, MTS Allstream
- Rex Adams - Chief Operating Officer, Wellcare
- Jeremy Gutsche - Founder of TrendHunter.com, the world's largest network for trend spotting and innovation
- Vince Hemmer - Director, UNICEF United States Fund and Prestige Brands
- Andrew Heyward - Nationally recognized media expert and Senior Advisor to Marketspace LLC; former President of CBS News
- Ronald Jonash - Senior Partner at the IXL Center, former Global Head of Technology and Innovation Management at Arthur D Little
- Matthew Le Merle - Chairman and President of Shanshan Group NA and Chief Representative Yurun Group - two of China's largest companies.
- Roger Martin - Dean, Rotman School of Management and Director, The Skoll Foundation, Research in Motion, and Thomson Reuters
- Douglas McCallum - Senior Vice President, European Operations, eBay
- John Moore, Baron Moore of Lower Marsh - Former Member of Parliament and UK Cabinet Member and Chairman, Rolls Royce plc
- Jean de Ponton d'Amécourt - Ambassador of France in Afghanistan, Former Deputy Minister of Defense
- Michael Porter - Academic, leading authority on competitive strategy and international competitiveness
- Jeffrey Rayport - Founder and chairman of Monitor's digital strategy practice, Marketspace LLC; former Harvard Business School Professor and Author
- John Rogers - Director, Properties, J Sainsbury plc
- Anish Nanavaty - Chief Executive Officer, WNS Research and Analytics Services, WNS Global Services
- Peter Schwartz (futurist) - Co-founder and Chairman of Global Business Network (a partner of the Monitor Group)
- Rajeev Singh-Molares - Senior Vice President, Strategy and Corporate Development, Alcatel-Lucent [20]
- John R. Wells - President, International Institute for Management Development (IMD) and Former CFO, Frito-Lay International [21]
- Tagg Romney - Private equity investor and eldest son of Presidential Candidate and former Governor of Massachusetts Mitt Romney
- William Young - Managing Partner, Monitor Clipper Partners and Director, Queen's University Board of Trustees
- Tim Wilson - Head, VISA Canada
- Natasha Andrykowsky - Chief Operating Officer, ABSA Capital, Absa Group Limited
- David McKenna - Managing Partner, Advent International
- Kurt Hawks - Vice President, Greystripe, Inc
- Harald Harvey - Executive Director, Strategy & Business Support, South African Breweries
External links
References
- ^ Vault Worldwide Snapshot: Monitor Group
- ^ "Tuning into Monitor" [1] Boston Business Journal, retrieved January 21, 2008.
- ^ a b c d "Tuning into Monitor" [2] Boston Business Journal, retrieved January 21, 2008.
- ^ 2008 Fast Company/Monitor Group Social Capitalist Awards
- ^ "New Profit Inc."
- ^ Six Organizations Honored for Outstanding Pro Bono Service
- ^ "Giving advice in adversity" [3] Economist, retrieved December 23, 2008.
- ^ "Tuning into Monitor" [4] Boston Business Journal, retrieved January 6, 2008.
- ^ "Harvard Guru to Help Libya" [5] BusinessWeek, retrieved January 6, 2008
- ^ "Libya Gingerly Begins Seeking Economic but Not Political Reform" [6] New York Times, retrieved on January 6, 2008
- ^ "Q&A on University of California Restructuring Efforts"
- ^ "Best Firms to Work For" [7] Consulting Magazine
- ^ "50 Most Prestigious Consulting Firms" [8] Vault Guides
- ^ "Tuning into Monitor" [9] Boston Business Journal, retrieved January 21, 2008.
- ^ "Monitor Group Employment: Vault Monitor Employment Snapshot"
- ^ H-E-B Names New Prez, Other Top Execs, Progressive Grocer
- ^ Eastman - Newscenter - Press Kit - Management Changes - Mark J. Costa
- ^ Mission & History
- ^ Katherine Fulton, Global Business Network
- ^ http://www.alcatel-lucent.com/wps/portal/NewsReleases/Detail?LMSG_CABINET=Docs_and_Resource_Ctr&LMSG_CONTENT_FILE=News_Releases_2008/News_Article_001366.xml
- ^ Professor John Wells
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