And in other news: Accenture, Oracle, US Justice Department, BCG, CBIZ, Warbird Consulting and Monadnock Research
Monadnock Research - 20 December 2011
Accenture Consulting Revenues Increase by 14% in Q1 2012; Issues Cautious Outlook. Oracle growth hits the brakes in current quarter; Services revenues dip slightly. US Justice Department Records $3 Billion in 2011 Fraud Settlements. FINRA Attacks BCG Report. CBIZ acquires defined benefit consulting practice of PSA Insurance. Former Huron principals Launch Warbird Consulting. Monadnock Research Publishes Compilation of 2011 Consulting Rate Research. (1,150 words) . . . More
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2011 Strategy Consulting Rates
Monadnock Research (Vol IV, No 37) - 28 Oct 2011
This study presents an analysis of hourly strategy consulting rate structures for global 1000 clients across a number of industries. Rates from 70 firms were analyzed across the strategy consulting category, including a total of 119 firm-rate structures. Each section presents descriptive statistics for each of the Monadnock Research professional areas, including mean, median, range, min, max, and the number of rate structures analyzed. Each labor category is described in full detail, including experience and education requirements, and includes a percentile analysis of hourly rates. Rates from firms that were a subject of this analysis for the strategy consulting rate category included: McKinsey & Co., the Boston Consulting Group (BCG), Bain & Co., Booz&Co, Accenture, Deloitte, LEK, Roland Berger, Oliver Wyman, Capgemini, IBM, and PwC. Research Note includes 6 graphics, 15 tables and 8,230 words. The companion report is more than 80 pages and contains 52 tables and charts. . . . More
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2011 Operations Consulting Rates
Monadnock Research (Vol IV, No 30) - 23 Sept 2011
This study presents an analysis of operations consulting rate structures for clients across a number of industries, including manufacturing, healthcare, pharmaceuticals, biotech, high tech, communications, energy, financial services, public services, and metals and mining. More than 85 percent of the rate structures were from global entities, and all were from organizations that fall within the 1,000 largest global organizations. Rates from 75 firms were analyzed across the operations consulting category, including a total of 126 firm-rate structures. This report presents statistics across 15 professional classifications, including a percentile analysis for each labor class. Rates from firms that were a subject of this analysis for the operations consulting rate category included: Accenture, ADL, A.T. Kearney, Bain, BCG, Booz&Co, Capgemini, Celerant, CSC, Deloitte, Huron, IBM, McKinsey, PA Consulting, PRTM, and PwC. Research Note includes 5 graphics and 15 tables - 8,000 words. . . . More
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Consulting Leadership News: Ernst & Young, KPMG, Accenture, Capgemini, PwC, NERA, Deloitte, BearingPoint, Navigant, and BCG
Monadnock Research - 29 July 2011
MR - Ernst & Young announces 548 new partners worldwide; Appoints Herb Engert as the new Americas Leader of Strategic Growth Markets. KPMG International Chairman-elect, Michael Andrew, appoints global leadership team. Accenture names Paul Daugherty as Chief Technology Architect and Gavin Michael Chief Technology Innovation Officer. Accenture has also named Jorge Benitez managing director -- North America and Chief Executive. Capgemini will train 1,500 architects and developers globally on the Windows Asure cloud platform to support new partnership. Aon Appoints Greg Besio as Chief Human Resources Officer. BCG named former ING Group COO, Thomas J. McInerney, as Senior Advisor. PwC US Appoints Robert W. McCutcheon as New Industrial Products. Leader. Energy Expert Scott Bloomberg Joins NERA Economic Consulting. BearingPoint appoints 6 new Partners. Deloitte appoints Chris Harrop to lead nuclear capital programs. Navigant appoints William Hardin within Disputes & Investigations practice. Navigant appoints William Hardin within Disputes & Investigations practice; Adam Borison, PhD, has joined the firm's Energy Practice as a Director; Names Adam Borison, PhD, as Energy Practice Director (4,800 words) . . . More
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2011 IT Strategy Consulting Rates
Monadnock Research (Vol IV, N22) - 7 July 2011
This is the Strategy Consulting companion Note to the IT Consulting Research Note published in June. This study analyzes comprehensive IT strategy consulting rate structures of clients across a number of industries, including manufacturing, healthcare, pharmaceuticals, biotech, high tech, communications, energy, financial services, public services, and metals and mining. More than 80 percent of the rate structures were from global entities, and all were from organizations that fall within the 1,000 largest global organizations. Rates from 63 firms were analyzed across the IT Consulting and IT Strategy Consulting service categories, with 110 rate structures. Rates from firms that were a subject of this analysis include: Accenture, Atos Origin, AT Kearney, Bain, BCG, Booz, McKinsey, Capgemini, CSC, Deloitte, IBM, KPMG, Oliver Wyman, PA Consulting, PRTM, PwC, TCS, and Wipro. This Research Note presents statistics across 14 professional categories, including detailed descriptive statistics, a percentile analysis for each labor category, and strategy rate differential premiums for each labor category. (2 graphics, 14 tables, 6,350 words) . . . More
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BCG Expands Facilities in Perth, Tel Aviv, and Rio De Jionero After Strong 2010
Monadnock Research - 24 March 2011
MR - The Boston Consulting Group (BCG) has recently opened two new offices, in Tel Aviv and Perth, expanding its global facilities to 71 offices in 41 countries. It also announced plans to open a new office in Rio de Janeiro later in 2011. The announcements follow a strong 2010 for BCG, with the firm posting a double-digit gain in worldwide revenues despite the challenging economic environment. Revenues grew 12 percent at constant exchange rates, to $3.05 billion. In addition, the firm increased its worldwide consulting staff by 8 percent, to 4,800. (415 words) . . . More
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Big Strategy 2011: Consulting Rates and Guidelines for Working with the World's Largest Strategy Specialists
Monadnock Research (Vol. IV, No. 2) - 15 Jan 2011
MR - Literally thousands of firms consult in the area of strategy, but a very small number of large firms view strategy as their core focus. This Research Note focuses on "Big Strategy," or who we view as the world's largest strategy specialists. Working with these firms is different. And there are a number of reasons why it is important for consulting clients to understand the differences. This Research Note provides our estimates and perspectives on: 2011 mean and median rates, and rate ranges by category of professional; average strategy engagement duration; unique project characteristics; what makes firms in this category unique and distinct from large multi-line firms providing similar services; and how to effectively maximize engagement value. Note also provides important keys to better understanding how the rate structures of strategy specialists can be assessed and compared to hourly rate structures of other providers of strategy consulting. (three graphics - 3,045 words) . . . More
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Consulting Client Insights: Vault Top 50 Consulting Firms
Monadnock Research (VIII N36) - 24 August 2010
Vault has just published its latest list of the top consulting firms, the "Vault 2011 Consulting 50." This year's ranking is not based strictly on the "prestige" factor, which is a ranking of perceptions by consultants of firms other than the one they work for. That listing is still published, but as a separate ranking. Vault's overall 2011 ranking weighs culture, work/life balance; compensation; prestige; business outlook; and transparency. While the Vault rankings might help firms with their college recruiting efforts, the utility for clients is limited. But taking a contrarian view provides some interesting perspective. This Research Note offers insights into what clients can learn from these rankings, and why high scores in some categories aren't necessarily good for your business or your project. The top 10 firms for the current ranking are: (1) Bain, (2) BCG, (3) McKinsey, (4) Analysis, (5) Cambridge Group, (6) Deloitte, (7) Oliver Wyman, (8) A.T. Kearney, (9) Triage, and (10) Censeo. (2,210 words) . . . More
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Innovation Moves Back to the Strategic Agenda at 2006 Levels
Boston Consulting Group - 16 April 2010
BCG - After a pause in 2009, reflecting growing concerns over the economy, innovation is once again a top strategic priority for a large majority of companies in 2010, according to a new study by the Boston Consulting Group (BCG) in its new report, entitled Innovation 2010: A Return to Prominence--and the Emergence of a New World Order. Seventy two percent of executives cited innovation as one of their top three strategic priorities, up from 64 percent in 2009 and increasing to a level not reached since 2006. According to BCG, global innovators outperform their contemporaries in total shareholder returns, outperforming rivals by 12.4 percent over a three year horizon and 2 percent over a ten year horizon. (426 words) . . . More
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Boston Consulting Group Opens Three New Offices
Monadnock Research - 8 March 2010
MR - The Boston Consulting Group (BCG) has opened three new offices, including its first on the African continent. The new office locations are in Casablanca, Morocco; Canberra, Australia; and Istanbul, Turkey, bringing the firm's total number of offices to 69 in 40 countries. BCG says the office openings follow strong 2009 financial results, where the firm posted a 3 percent increase in global revenues at constant exchange rates, and increased global consultant headcount by 2 percent. (320 words) . . . More
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Global Business Leaders Should Prepare for Slow Growth Economic Era
Boston Consulting Group - 18 February 2010
BCG - The Boston Consulting Group has published a diagnosis of the global economic crisis and an analysis of what companies and business leaders need to do to succeed in the emerging slow-growth business environment. The new book from BCG authors and Senior Partners David Rhodes and Daniel Stelter is entitled Accelerating Out of the Great Recession: How to Win in a Slow-Growth Economy (McGraw-Hill, Feb-2010). Rhodes and Stelter say that companies face ongoing long-term challenges brought on by global trade imbalances, unstable financial institutions, and overleveraged consumers that can no longer drive economic growth. They note that that U.S. consumers generate nearly 19 percent of global GDP, and lost U.S. demand cannot be easily replaced. A 32 percent increase in private consumption in China, for example, would be required to offset a 5 percent reduction in U.S. consumer spending. (1,955 words) . . . More
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Consumers Now Say They Are Willing to Pay for Online News, but Not Much
Boston Consulting Group - 16 November 2009
BCG - Media companies worldwide could counter the effects of the advertising slump and benefit from a major boost in profits if they start charging for online news, according to the results of a recent study from the Boston Consulting Group (BCG). The average that consumers are willing to pay ranges from $3 per month in the U.S. and Australia, to $7 in Italy. Fifty-two percent of U.S. consumers of business news would be interested in a bundled print-and-online subscription, compared with just 35 percent of young consumers. . . . More
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Women Want More: How Companies Can Capture Their Share of The World's Largest, Fastest-Growing Market
Boston Consulting Group – 8 September 2009
Over the next few years, educated, ambitious, working women will have $5 trillion in incremental earnings to spend. To providers of a wide variety of goods and services, that represents a commercial opportunity bigger than the rise of the consumer economies of China and India combined, according to BCG partners Michael J. Silverstein and Kate Sayre in "Women Want More: How to Capture Your Share of the World's Largest, Fastest-Growing Market," published by HarperBusiness. . . . More
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Consulting Leadership News: Abt Associates, PwC, BCG, Board Advisory, KPMG, FTI, and North Highland
Monadnock Research – 16 July 2009
Abt Associates names President and CEO. PwC appoints new chairman of its UK financial services regulatory practice; US advisory services talent management group leader. BCG names former U.S. Secretary of Education as senior advisor. Board Advisory names eight founding principals. KPMG appoints Northeastern US restructuring services practice leader. FTI Consulting names Senior Managing Director within the firm's Intellectual Property practice. North Highland names former CEO of Sarah Cannon Research as principal. . . . More
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Problems with Executive Compensation Extend Beyond Financial Sector
Boston Consulting Group - 14 July 2009
Typical vehicles for long-term incentive compensation, such as stock options and restricted stock grants, are only weakly linked to company performance, according to a recent study by the Boston Consulting Group. Analysis of changes in CEO compensation at 158 US companies with more than $5 billion in revenues found a widespread disconnect between top executive pay and company performance. . . . More
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Consulting Leadership News: BCG, MCG, Proudfoot, CSC, Huron, Mercator, and Perot
Monadnock Research - 7 May 2009
BCG nominates Bürkner to third term as President and CEO. MCG names Proudfoot CEO as Managing Director of global Operational Consulting Group; Proudfoot appoints head of global consulting operations and managing directors of new western US office. CSC names vice president of Government Relations for North American Public Sector practice; Huron Consulting has named three managing directors in its Health & Education and Accounting & Financial consulting practices. Mercator launched by former IBM VP of Governmental Programs. Perot to cut approximately 450 positions worldwide. (subscription required) . . . More
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