Monitor Deloitte
 | |
| Company type | Partnership |
|---|---|
| Industry | Management consulting |
| 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 |
Number of employees | 1,500 employees worldwide |
| Website | www.monitor.com |
Monitor Group is a 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. Monitor Group is a cosponsor of the Fast Company Social Capitalist Awards, which identify 45 top social entrepreneurs that are changing the world.[1]
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.[2]
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.[3]
According to editor-in-chief of Consulting Magazine, Jack Sweeney, Monitor Group is well-known for being different.[4] Monitor's corporate stratification includes titles such as "thought leaders" and "chief knowledge officer" in lieu of groups of vice presidents and corporate spokespeople.[5] 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.[6]
Competitors
Monitor’s main competitors in the high-level strategy consulting market are McKinsey & Company, The Boston Consulting Group, Bain & Company and MWA Consulting Group.[7] One of the ways that Monitor differentiates itself from its competitors is by its application of cutting-edge academic theories.[7]
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.[8] 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 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[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],[15] 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.[16] The interview process is designed to simulate working conditions.
Offices
Notable current and former employees
David Andelman - Executive Editor of Forbes.com
Larry Brilliant - Pioneering physician and philanthropist
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
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
Notes
- ^ 2008 Fast Company/Monitor Group Social Capitalist Awards[1]
- ^ Vault Worldwide Snapshot: Monitor Group [2]
- ^ "Tuning into Monitor" [3] Boston Business Journal, retrieved January 21, 2008.
- ^ "Tuning into Monitor" [4] Boston Business Journal, retrieved January 21, 2008.
- ^ "Tuning into Monitor" [5] Boston Business Journal, retrieved January 21, 2008.
- ^ "Tuning into Monitor" [6] Boston Business Journal, retrieved January 21, 2008.
- ^ a b "Tuning into Monitor" [7] Boston Business Journal, retrieved January 6, 2008.
- ^ "Tuning into Monitor" [8] Boston Business Journal, retrieved January 21, 2008.
- ^ "Harvard Guru to Help Libya" [9] BusinessWeek, retrieved January 6,2008
- ^ "Libya Gingerly Begins Seeking Economic but Not Political Reform" [10] New York Times, retrieved on January 6, 2008
- ^ "Q&A on University of California Restructuring Efforts" [11]
- ^ "Best Firms to Work For" [12] Consulting Magazine
- ^ "50 Most Prestigious Consulting Firms" [13] Vault Guides
- ^ "Wet Feet Insider Guide" [14]
- ^ "Tuning into Monitor" [15] Boston Business Journal, retrieved January 21, 2008.
- ^ "Monitor Interview & Recruiting Surveys" [16] Vault Guides