Monitor Group
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| Monitor Group | |
| Image:Monitor Group Logo.gif | |
| Type | Partnership |
|---|---|
| Founded | 1984 |
| Headquarters | 30 offices in 18 countries |
| Key people | Steve Jennings and Bob Lurie, CEOs |
| Industry | Management consulting |
| Products | Management consulting services |
| Revenue | US$ 1 billion (est.) |
| Employees | about 1,000 consultants |
| Website | www.monitor.com |
Monitor Group is a global strategy and management consulting firm headquartered in Cambridge, Massachusetts.
Contents |
[edit] History
Monitor's roots can be traced back to the Harvard Business School, where a number of the founders studied and taught in the 1980s. Monitor's best known founder is Michael Porter, the Bishop William Lawrence University Professor. Porter is one of only 15 current professors at Harvard University to have the distinction of being a "University Professor". He is the author of 17 books and over 125 articles, is a leading authority on competitive strategy and the competitiveness and economic development of nations, states, and regions.
Although primarily focused on strategy consulting, Monitor has always pursued a vision of offering a portfolio of services to customers, with an early focus on managerial and organizational development. Monitor has also been committed to building a global firm, expanding quickly into Europe and Asia during the early years and, on average, opening a new office every year.
Since the early 1990s, Monitor has also engaged in merchant banking activities, raising and investing equity, with over 1.5 Billion (USD) under management. These activities have grown dramatically in recent years to encompass not only principal investing, but venture capital and advisory services.
As the scope of Monitor's capabilities grew, the firm adopted its current "group" structure, changing names in the process from "Monitor Company" to "Monitor Group."
Monitor was not immune to the industry decline of 2001 and 2002, and scaled back operations in response, including a number of office closures (Istanbul, Stockholm, Tel Aviv and most recently Athens). Since 2003 Monitor has recovered, and has recently been on an acquisition spree, picking up a number of smaller companies that complemented the existing business such as pharma and pricing strategy.
The Monitor Group's most controversial client these days is Col. Gaddafi of Libya ,and his son Seif, who hired the Monitor Group to help them reform the Libyan economy. Many however , especially among Libyan opponents of the Gaddafi regime, accuse the Monitor Group and Michael Porter of engaging in a corrupt relationship with one of the infamous dictators of the world and helping him in making cosmetic changes to remain in power and hand it over to his son Seif. For more on this see http://www.ymlp.com/pubarchive.php?LibyaNews and this open letter to Michael Porter by a Libyan citizen: http://www.libya-almostakbal.net/Morasalat/February2007/ahmad_agabaili240207.htm
[edit] Competitors
Monitor's top competitors include Bain & Co., The Boston Consulting Group, Booz Allen Hamilton and McKinsey & Company .
[edit] Current Business
Today Monitor organizes itself in three over-arching business groups — the Action Group (including most advisory business; the core strategy business, but also functional practices focusing on marketing, organization, innovation, national competitiveness, etc.) the Merchant Banking Group and the Intelligent Products Group (including Monitor Software, and some subscription data services).
Monitor in 2005 has approximately 1,100 professionals working around the world. The Chairman & Group CEO is Mark Fuller.
[edit] Offices
Amsterdam, Beijing, Cambridge (HQ), Chicago, Dubai, Frankfurt, Hong Kong, Johannesburg, London, Los Angeles, Madrid, Manila, Milan, Moscow, Mumbai, Munich, New Delhi, New York City, Palo Alto, Paris, San Francisco, São Paulo, Seoul, Shanghai, Singapore, Stockholm, Tokyo, Toronto, and Zurich
