Product Code Database
Monitor Deloitte is the multinational strategy consulting practice of Deloitte. "Monitor Deloitte" Monitor Deloitte specializes in providing strategy consultation services to the senior management of major organizations and governments. It helps its clients address a variety of management areas, including: Strategic Transformation, Growth Strategy, Innovation & Ventures, Business Design & Configuration, and Economics.
Monitor Deloitte originated as the American strategy consulting firm Monitor Group. Deloitte acquired the firm in 2013 after Monitor Group filed for Chapter 11 bankruptcy the previous year. It was founded in 1983, by Michael Porter and five other entrepreneurs with ties to the Harvard Business School. The advisory services now offered by Monitor Deloitte are in line with Monitor Group's legacy expertise, but expanded to a broader set of implementation and capabilities design, focused on greater resilience to economic uncertainty. "Monitor Deloitte" From 2005 to 2011, Monitor controversially provided services to Muammar Gaddafi's regime in Libya.
Currently, Monitor Deloitte operates as a market-facing consulting practice focusing on Strategy & Business Design. At the time of its merger with Deloitte, the firm was under the leadership of Bansi Nagji, who had previously served as President of Monitor Group and led its global innovation practice.
In 2008, the Corporation for National and Community Service honored Monitor for outstanding pro bono service for its 10-year partnership with and providing consulting resources for New Profit Inc., a national venture philanthropy fund, as well as its consulting work through Monitor Institute. More than 250 Monitor Group consultants have participated in projects supporting New Profit and its portfolio organizations. "New Profit Inc."
Monitor was hit by the 2008 economic crisis. The company laid off nearly 20% of its workforce and closed several small offices. According to co-founder Joe Fuller, 2008 revenue was up on the previous year, but he stated that Monitor continued to anticipate "a demanding and tough market in the short term"."Giving advice in adversity" [4] Economist, retrieved December 23, 2008. Monitor also operated a research captive called Grail Research "Grail Research" which was sold to Integreon in 2010, which is a member company of the Ayala Corporation.
On November 7, 2012, Monitor's US subsidiary filed for Chapter 11 bankruptcy, and it was announced that Deloitte had agreed to acquire Monitor Group. The company was officially bought out by Deloitte on January 11, 2013. "The new combined practices will operate under the Monitor Deloitte brand, resulting in a new global presence in strategy consulting", according to the Monitor website in February 2013. Company webpage. Retrieved 2013-02-18.
Monitor Group did not disclose its list of clients. Even when discussing clients in-house, Monitor used acronyms to protect client's identities, a mark of Monitor's hyper-confidentiality."Tuning into Monitor" [8] Boston Business Journal, retrieved January 21, 2008. Some engagements that have appeared in the press due to their public nature include a major initiative with the Libyan government"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 and an organizational effort with the University of California. "Q&A on University of California Restructuring Efforts"
Monitor Group recruited both at MBA and undergraduate levels, including online recruiting, for the "consultant" position, the title given to all of Monitor's professional staff."Tuning into Monitor" [12] Boston Business Journal, retrieved January 21, 2008. Monitor's candidates typically come from top Ivy League schools and their international equivalents, liberal arts colleges and business schools across the world. Only around 2% of the undergraduate applicant pool received offers. "Monitor Group Employment: Vault Monitor Employment Snapshot"
Several authors affiliated with the firm have written business consulting books related to Monitor's work, including Competitive Strategy: Techniques for Analyzing Industries and Competitors, by Michael Porter; Knowledge for Action: A Guide to Overcoming Barriers to Organizational Change, by Chris Argyris; A Theory of the Firm: Governance, Residual Claims and Organizational Forms, by Michael C. Jensen; The Strategy and Tactics of Pricing: A Guide to Growing More Profitably, by Thomas T. Nagle, John E. Hogan and Joseph Zale; (2026). 9780136106814, Prentice Hall. ISBN 9780136106814 and The Art of the Long View: Paths to Strategic Insight for Yourself and Your Company by Peter Schwartz.
Monitor's work for the Libyan government, and its hiring of academics in connection with it, became the subject of increasing scrutiny and controversy after Gaddafi’s forces attacked anti-government protesters in February 2011. Questions arose about whether Monitor should have registered as a foreign lobbyist under the Foreign Agents Registration Act (FARA) in connection with its work in Libya. During this time, details also came to public notice of the role which Monitor had played in the writing of Saif Gaddafi's thesis submitted to the LSE. This, combined with public exposure of wider connections between the LSE and Libya, resulted in the resignation of its director, Howard Davies. In March 2011, Monitor announced that it had launched an internal investigation into its work for the Libyan government. In May 2011, Monitor announced it would register some of its past work in Libya with the U.S. Department of Justice in accordance with FARA. Around the same time, Mark Fuller, Monitor Group's founder, chairman, and CEO, announced his resignation, which, according to Monitor executives, had been planned for several months. The company said it would also register for work with Jordan.
|
|
