Mitchell Madison Group
 | |
| Company type | Corporation |
|---|---|
| Industry | Management consulting |
| Founded | 1994 |
| Headquarters | Jackson, Wyoming, US |
Key people | Hans Dau, Curt Andersson, Apurva Nair |
| Products | Performance Improvement, Cost Reduction, Strategy |
| Revenue | $35MM (est.)[citation needed] |
Number of employees | 150 (est.)[citation needed] |
| Website | www |
 | An editor has performed a search and found that sufficient sources exist to establish the subject's notability. (February 2017) |
The Mitchell Madison Group (MMG) is a management consulting firm based in the United States that focuses on improving financial and operating performance for major corporations. It was founded in 1994 and re-launched in 2003. It is active in strategic sourcing, performance improvement, and big data analysis.
History
In 1992, a group of McKinsey partners in New York left the firm to start a Financial Services Group at A.T. Kearney, a Chicago-based competitor. The relationship soon soured as A.T. Kearney was in the process of selling itself to EDS,[1] an IT outsourcing conglomerate. As a result, the original Mitchell Madison Group was co-founded by Vikas Kapoor in a management buy-out with about 120 professionals in 1994.
The firm experienced rapid growth in the 1990s, primarily in its strategic sourcing practice, serving large financial institutions. With 16 offices and almost 1,000 employees, Fortune magazine named it one of the top 50 firms to work for in 1999. The firm was sold in late 1999 for about $300 million to USWeb, a Web design company which expanded during the dot-com bubble into management consulting.[2] Subsequently, USWeb merged with Whitman-Hart, another consulting firm based in Chicago.[3] The combined company, a merger of equals, had over 10,000 employees with annual revenues exceeding $1 billion and soon renamed itself "marchFIRST". With the burst of the dot-com bubble, marchFIRST went into bankruptcy in April 2001 and its assets were liquidated.[4]
In 2003, Hans Dau with other partners, who were running the West Coast offices of the original Mitchell Madison Group, re-launched the firm by acquiring the brand name in bankruptcy court. By 2008, the firm had grown to about 150 employees with main offices on New York, Los Angeles and Manila and several satellite offices in Europe and Asia.[citation needed]
The firm is featured, although not by name, in Matthew Stewart's book The Management Myth.[5] Stewart takes care not to state the name of the firm, but he does say that it was bought out by an Internet company whose CEO was named "Joe" and believed in UFOs.
Organization
The firm has operations in several US cities, Hong Kong and Manila, Philippines. Hans Dau is the firm's Managing Partner.[6]
Business
Consulting Magazine recognized MMG's Rolf Thrane, as one of the Top 25 consultants in 2007.[7]
Recruiting
Vault has recognized Mitchell Madison as an employer with competitive compensation where consultants have “the opportunity to move up and shine”, but cautions that the "Small, entrepreneurial environment does not satisfy everyone with a corporate America background".[8]
References
- ^ NY Times "EDS Resumes Purchase Talks with AT Kearney"
- ^ Channel Web "Next In Line: USWeb/CKS To Buy Mitchell Madison Group" Archived 2007-11-19 at the Wayback Machine
- ^ CNET "USWeb to merge with Whitman Hart
- ^ NY Times: MarchFirst to Liquidate
- ^ Matthew Stewart, The Management Myth - Why the Experts Keep Getting it Wrong - ISBN 0393065537
- ^ Vault Mitchell Madison Profile
- ^ Consulting Magazine Top 25 Consultants
- ^ Vault Mitchell Madison Company Snapshot