Monitor Group

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Monitor Group
Type Partnership
Founded 1983
Headquarters Cambridge, Massachusetts
30 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
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 Harvard Business School professors including Michael Porter and the current chairman Mark Fuller. 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.

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[edit] 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.[4] 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.[5]

Monitor Group is a cosponsor of the Fast Company Social Capitalist Awards, which identify 45 top social entrepreneurs that are changing the world.[6] 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.[7] The firm received a Pro Bono Award from the President's Council on Service and Civic Participation as a result of these efforts.[8]

[edit] Competitors

Monitor’s main competitors in the high-level strategy consulting market are McKinsey & Company, The Boston Consulting Group, Booz & Company, and Bain & Company.[9] One of the ways that Monitor differentiates itself from its competitors is by its application of cutting-edge business ideas.[9]

[edit] 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.[10] Some engagements that have appeared in the press due to their public nature include a major initiative with the Libyan government[11][12] and a groundbreaking organizational effort with the University of California[13].

[edit] 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[14] and one of “25 Top Consulting Firms” by WetFeet Insider Guide. It has been ranked in the top 5 of the “50 Most Prestigious Consulting Firms” ranking by Vault Guide for several years running[15].

[edit] 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.[16],[17] Monitor's candidates come from top Ivy League schools, liberal arts colleges and business schools across the U.S, and only around 2% of the undergraduate applicant pool receives offers.[18] Unlike other consulting firms[citation needed], Monitor's recruitment process features a group case interview and a role-playing case in the final round that tests candidates' emotional intelligence.[19] The interview process is designed to simulate working conditions.

[edit] Offices

Flag of the Netherlands Amsterdam
Flag of the United States Austin
Flag of the People's Republic of China Beijing
Flag of the United States Cambridge
Flag of the United States Chicago
Flag of the United Arab Emirates Dubai
Flag of Germany Frankfurt
Flag of Hong Kong Hong Kong

Flag of South Africa Johannesburg
Flag of the United Kingdom London
Flag of the United States Los Angeles
Flag of Spain Madrid
Flag of the Philippines Manila
Flag of Mexico Mexico City
Flag of Russia Moscow
Flag of India Mumbai

Flag of Germany Munich
Flag of India New Delhi
Flag of the United States New York City
Flag of the United States Palo Alto
Flag of France Paris
Flag of the United States San Francisco
Flag of Brazil São Paulo
Flag of South Korea Seoul

Flag of the People's Republic of China Shanghai
Flag of Singapore Singapore
Flag of Sweden Stockholm
Flag of Japan Tokyo
Flag of Canada Toronto
Flag of Switzerland Zurich

[edit] Notable current and former employees

David Andelman - Executive Editor of Forbes.com
Chrys Argyris - Professor Emeritus at Harvard Business School, known for his seminal work on "Learning Orgnizations"
Larry Brilliant - Pioneering physician and philanthropist
Tom Copeland - leading corporate finance authority, co-author of "Valuation: Measuring and Managing the Value of Companies" and "Real Options: A Practitioner's Guide"
Richard Dearlove - Head of the British Secret Intelligence Service
John Kao - Author and strategic advisor
Roger Martin - Dean of the Rotman School of Management
Michael Porter - Academic, leading authority on competitive strategy and international competitiveness
Peter_Schwartz_(futurist) - Co-founder and Chairman of Global Business Network (a partner of the Monitor Group)
Anne-Marie Slaughter - Dean, Woodrow Wilson School of Public and International Affairs at Princeton
Paul K. Van Riper - Military Strategist
John R. Wells - President IMD Business School
Rahul Gandhi - Senior Congress Party Leader in India and son of former Indian Prime Minister, Rajiv Gandhi

[edit] External Links

[edit] References

  1. ^ Vault Worldwide Snapshot: Monitor Group [1]
  2. ^ "Tuning into Monitor" [2] Boston Business Journal, retrieved January 21, 2008.
  3. ^ "Tuning into Monitor" [3] Boston Business Journal, retrieved January 21, 2008.
  4. ^ "Tuning into Monitor" [4] Boston Business Journal, retrieved January 21, 2008.
  5. ^ "Tuning into Monitor" [5] Boston Business Journal, retrieved January 21, 2008.
  6. ^ 2008 Fast Company/Monitor Group Social Capitalist Awards[6]
  7. ^ "New Profit Inc."[7]
  8. ^ http://www.csrwire.com/News/11021.html
  9. ^ a b "Tuning into Monitor" [8] Boston Business Journal, retrieved January 6, 2008.
  10. ^ "Tuning into Monitor" [9] Boston Business Journal, retrieved January 21, 2008.
  11. ^ "Harvard Guru to Help Libya" [10] BusinessWeek, retrieved January 6,2008
  12. ^ "Libya Gingerly Begins Seeking Economic but Not Political Reform" [11] New York Times, retrieved on January 6, 2008
  13. ^ "Q&A on University of California Restructuring Efforts" [12]
  14. ^ "Best Firms to Work For" [13] Consulting Magazine
  15. ^ "50 Most Prestigious Consulting Firms" [14] Vault Guides
  16. ^ "Wet Feet Insider Guide" [15]
  17. ^ "Tuning into Monitor" [16] Boston Business Journal, retrieved January 21, 2008.
  18. ^ "Monitor Group Employment: Vault Monitor Employment Snapshot" [17] Vault Guides
  19. ^ "Monitor Interview & Recruiting Surveys" [18] Vault Guides