A.T. Kearney
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| Type | Incorporated Partnership |
|---|---|
| Industry | Management Consulting |
| Founded | 1926 |
| Headquarters | Chicago, United States |
| Number of locations | 57 offices in 39 countries |
| Key people |
Paul A. Laudicina, Managing Officer and Chairman of the Board John Yoshimura, Chief Operating Officer |
| Products | Management Consulting Services |
| Revenue | $1 Billion (est. 2011) |
| Employees | 3000 (1900 consultants) |
| Website | www.atkearney.com |
A.T. Kearney is a global management consulting firm, focusing on strategic and operational CEO-agenda issues for the world's leading organizations across all major industries and sectors. It was founded in 1926, and its head office is in Chicago, Illinois. The firm is regularly ranked in Consulting Magazine's annual list of the "Best Firms to Work For" [1] and among the Top 10 in the Vault Consulting 50 rankings. [2]
The firm operated within the United States since its founding in 1926, until 1964 when it opened its first international office in Düsseldorf.
Contents |
[edit] Practice areas
A.T. Kearney's industry specialties include aerospace and defense, automotive, communications, consumer and retail, financial institutions, public sector, high technology, pharmaceuticals, health care, energy and utilities. Major service lines are in supply chain management, strategy, mergers, innovation, complexity, capital projects, cost management, strategic IT, transformation, manufacturing, marketing and sales, procurement and sustainability.
[edit] Offices
Currently, the firm runs 57 offices in 39 countries.
- Americas [11 offices]
- Atlanta, Chicago, Dallas, Houston, Detroit, Mexico City, New York, San Francisco, São Paulo, Toronto, Washington D.C.
- Asia Pacific [13 offices]
- Bangkok, Beijing, Hong Kong, Jakarta, Kuala Lumpur, Melbourne, Mumbai, New Delhi, Seoul, Shanghai, Singapore, Sydney, Tokyo.
- Europe [28 offices]
- Amsterdam, Berlin, Brussels, Bucharest, Budapest, Copenhagen, Düsseldorf, Frankfurt, Helsinki, Istanbul, Kiev, Lisbon, Ljubljana, London, Madrid, Milan, Moscow, Munich, Oslo, Paris, Prague, Rome, Stockholm, Stuttgart, Vienna, Warsaw, Zurich.
- Middle East and Africa [5 offices]
- Abu Dhabi, Dubai, Johannesburg, Manama, Riyadh
[edit] Competitors
A.T. Kearney's top competitors include white shoe firms McKinsey & Company, Bain & Company, the Boston Consulting Group, Booz & Company, L.E.K. Consulting, Roland Berger Strategy Consultants, and Monitor Group.
[edit] History
[edit] 1926–1987
A.T. Kearney began as a branch of McKinsey & Company. Andrew Thomas Kearney joined James O. McKinsey's firm 3 years after it was founded in 1926. Tom Kearney was McKinsey's first partner and head of its first office in Chicago. At the time, McKinsey & Company was one of the only firms that focused on management consulting for top level executives rather than specialized consulting in areas such as accounting or law.
In 1937 James O. McKinsey died unexpectedly at the age of 48 due to pneumonia. While the company continued to operate as before, Tom Kearney and the remaining partners disagreed over how to run the firm. In 1939, the company was split. A.T. Kearney continued to operate the Chicago office, renaming the firm McKinsey and Kearney. Marvin Bower, the head of the New York office, continued the practice in New York and retained the rights to the name McKinsey & Company in all areas other than the Midwest. In 1947, Bower purchased the exclusive rights to the name McKinsey & Company from Tom Kearney, who renamed his firm A.T. Kearney & Associates.
The firm operated within the United States until 1964 when it opened its first international office in Düsseldorf.
Important Events during this period are:
- 1926 – McKinsey is established
- 1929 – Andrew Thomas Kearney joins McKinsey
- 1935 – Tom Kearney becomes managing partner
- 1939 – The firm splits in two: McKinsey & Co. moves to New York and Boston, and McKinsey, Kearney & Co. remains in Chicago
- 1945 – Tom Kearney asked by President Franklin Roosevelt to head mission to help the Chinese improve their defense readiness efforts. Kearney received a U.S. Medal of Freedom and a Victory Medal from the Chinese government
- 1946 – Firm adopts the name A.T. Kearney & Company
- 1962 – Tom Kearney dies January 11
- 1963 – A.T. Kearney & Company, Inc., incorporated in April; A.T. Kearney International, Inc., incorporated in July as a subsidiary
- 1964 – A.T. Kearney, G.m.b.H., established as first non-U.S. office in Düsseldorf, led by Art Kelly
- 1968 – Expansion continues with offices opened in San Francisco, New York, Milan, Paris and London
- 1972 – Firm’s name changed to A.T. Kearney, Inc.; First Asian office opens in Tokyo
- 1980 – Offices open in Amsterdam, Stuttgart, Atlanta,Boston and Dallas
- 1985 – A.T. Kearney begins consulting work in China
- 1986 – Joint ventures in China, Taiwan and Tunisia signed
[edit] 1987–1994
- 1988 – Biggest expansion in the history of the firm peaks with 20 of 26 offices enlarged, relocated or opened since late 1985; Offices open in Madrid and Munich
- 1988 - Named fifth-largest broad-based multidisciplined management consultancy in the United States; Firm surpasses $100 million in revenue
- 1989 – A.T. Kearney’s operation in West Germany celebrates 25th anniversary
- 1989 - A.T. Kearney staff worldwide reaches 1,000 employees
- 1990 – Office opens in Singapore
- 1991 – Berlin office opens
- 1992 – Three Nordic offices acquired in Copenhagen, Oslo and Stockholm; Offices open in Hong Kong and Prague
- 1992 - Global Business Policy Council formed to provide a global strategic forum for corporate executives and policy leaders; New world headquarters completed in Chicago
- 1993 – Firm marks 10th straight year of double-digit growth
- 1994 – Wins two five-year contracts from the U.S. Environmental Protection Agency, largest in firm’s history
- 1994 - Offices open in Helsinki, Mexico City, São Paulo, Sydney,Melbourne and Silicon Valley
[edit] 1995–2005
In 1995, A.T. Kearney was acquired by EDS, a large technology consulting firm.[3]
- 1995 – A.T. Kearney hires its 2,000th employee
- 1995 - A.T. Kearney becomes a wholly owned subsidiary of EDS in September, nearly doubling in size and vastly expanding its industry expertise and information technology capabilities
- 1995 - Offices open in Beijing, Warsaw and Seoul
- 1996 – Moscow office expansion makes A.T. Kearney the multinational consultancy with the largest on-site capability in Russia
- 1996 - Offices open in Kuala Lumpur, Lisbon and Rome
- 1997 – First Global Prize, an annual business school case study competition for potential recruits, awarded
- 1997 - Offices open in New Delhi, Shanghai and Jakarta; Revenues top $1 billion
- 1998 – Premiere issue of Executive Agenda, the firm’s thought-leadership journal, published; offices open in Vienna and Frankfurt
- 2000 - Dietmar Ostermann named chief executive officer
- 2003 – Winning the Merger Endgame, by Fritz Kroeger and Graeme Deans, selected by Executive Book Summaries as one of the best business books of 2003
- 2004 – Consulting Magazine names Fritz Kroeger to its list of Top 25 Most Influential Consultants
- 2005 – A.T. Kearney officers elect a new board of directors
- 2005 - Paul A. Laudicina, director of A.T. Kearney’s Global Business Policy Council, named to Consulting Magazine’s list of Top 25 Most Influential Consultants
- 2005 - World Out of Balance, by Laudicina, selected by Executive Book Summaries as one of the best business books of 2005
[edit] Since 2006
In 2005, EDS CEO, Michael Jordan, confirmed rumors that EDS was seeking to sell A.T. Kearney back to its management team. The transaction was completed in January 2006.[4] More than 170 A.T. Kearney officers from 26 countries participated in the transaction as investors (90% of those invited to participate did so).
- 2006 – A.T. Kearney completes management buyout from EDS and becomes an independent, privately owned firm
- 2006 - A.T. Kearney celebrates its 80th anniversary
- 2006 – Officers elect Paul Laudicina as managing officer and chairman of the board
- 2006 – A.T. Kearney South Korea LLC becomes largest consulting presence in the country
- 2006 – Offices open in Dubai and Ljubljana
- 2007 – Office opens in Bucharest
- 2007 - Paul Laudicina, managing officer and CEO, is named to Consulting Magazine's list of Top 25 Most Influentical Consultants
- 2008 - Daniel Mahler, partner from the New York office, named to Consulting Magazine’s list of Top 25 Most Influential Consultants
- 2009 - Vance Scott, partner from the Chicago office, named to Consulting Magazine’s list of Top 25 Most Influential Consultants
- 2010 - A.T. Kearney becomes carbon neutral across its global consulting operations, achieving a 2007 pledge to be carbon neutral by 2010.
- 2010 - Hana Ben-Shabat, a NY-based partner, named to Consulting Magazine's list of Top 25 Most Influential Consultants
- 2011 - Laura Gurski, partner from the Chicago office, named to Consulting Magazine's list of Top 25 Most Influential Consultants
- 2011 - Office opens in Istanbul
- 2012 - Firm starts 86th year with new look and focus on what makes it different.[5]
[edit] Global Business Policy Council
A.T. Kearney’s Global Business Policy Council (GBPC) helps business and government leaders worldwide anticipate and plan for the future. In 1992, Paul A. Laudicina, A.T. Kearney’s current managing partner and chairman of the board, launched the Council and served as its first director. Today, the Council is led by Erik R. Peterson, who came to A.T. Kearney in 2010 from the Center for Strategic and International Studies, where he served as senior vice president and held the CSIS William Schreyer Chair in Global Analysis. The core GBPC team is based in Washington, DC, and draws on the expertise of a wide range of international subject-matter experts.
The GBPC offers business and government leaders three key services:
1. Meetings that attract expertise and insight. As profiled in Forbes magazine[6], the annual GBPC CEO Retreat convenes 55 leading executives and policy figures to discuss key global issues, best practices, and strategy.
2. Intellectual capital that helps leaders calibrate and plan for the future, including the Global Services Location Index and Foreign Direct Investment Confidence Index.
3. Customized strategic advisory services, including scenario planning, location assessment, investment promotion, and global foresight.
[edit] Notable current and former employees
- Matthew Le Merle - Chairman of the Advisory Board, Shanshan Group and Yurun Group, two of China's largest companies
- Antoine Rostand - President, Schlumberger Business Consulting
- Douglas Shulman - Commissioner of the Internal Revenue Service
[edit] References
- ^ Consulting Magazine Best Firms to work for 2011
- ^ Vault Consulting 50 Rankings 2012
- ^ E.D.S. Resumes Purchase Talks With Kearney - New York Times
- ^ A.T. Kearney completes management buy-out from EDS
- ^ A.T. Kearney unveils new look, new focus
- ^ Ruiz, Rebecca. "How CEOs Stay On Top Of Their Game". Forbes. http://www.forbes.com/2008/05/01/travel-retreat-executive-forbeslife-cx_rr_0429travel.html. Retrieved February 12, 2012.
