Monitor Deloitte is the multinational
strategy consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants ...
practice of
Deloitte Consulting
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...
. Monitor Deloitte specializes in providing strategy consultation services to the
senior management
Senior management, executive management, upper management, or a management is generally individuals at the highest level of management of an organization who have the day-to-day tasks of managing that organization—sometimes a company or a corpor ...
of major organizations and governments. It helps its clients address a variety of management areas, including: Organic Growth, Strategic Transformation, Innovation and Ventures, Business Design and Configuration, Strategic Sensing and Insight Services.
Prior to its acquisition by Deloitte in January 2013, Monitor Deloitte was an American strategy consulting practice known as Monitor Group, which filed for chapter 11 bankruptcy in 2012. Monitor Group was founded in 1983 by six entrepreneurs with ties to the
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
, including
Michael Porter
Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of t ...
.
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. From 2005 to 2011, Monitor controversially provided services to Muammar Gaddafi's regime in Libya.
Today, Monitor Deloitte is a market-facing Strategy and Business Design consulting practice.
At the time of merger with Deloitte, it was led by Bansi Nagji. Prior to the merger with Deloitte, Bansi Nagji was President of Monitor Group and led the firm’s global innovation practice.
History
Monitor Group was founded in 1983 by six entrepreneurs with ties to
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
, including
Michael Porter
Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of t ...
,
Mark B. Fuller
Mark Benton Fuller is an American businessman and academic. He is the co-founder of the Monitor Group, now known as Monitor Deloitte. He served as its chairman and chief executive officer. He is also a former assistant professor at the Harvard Bus ...
, and
Joseph B. Fuller.
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
New Profit is a nonprofit social innovation organization and venture philanthropy fund based in Boston, Massachusetts.
History
New Profit was founded in 1998 by social entrepreneur Vanessa Kirsch. After starting and growing two nonprofits—Publ ...
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.
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". Monitor also operated a research captive called Grail Research which was sold to Integreon in 2010, which is a member company of the
Ayala Corporation
Ayala Corporation (Spanish: ''Corporación Ayala'', formerly ''Ayala y Compañía'' (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and A ...
On November 7, 2012, Monitor's US subsidiary filed for Chapter 11 bankruptcy, and it was announced that
Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...
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.
Operations prior to acquisition by Deloitte
Monitor was based in
Cambridge
Cambridge ( ) is a university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cambridge bec ...
,
, and has 27 offices in 17 countries. Monitor's consulting areas included: Strategy and Uncertainty, Leadership and Organization, Innovation, Economic Development, Marketing Pricing and Sales, and Social Action. Monitor had a number of
business unit
A strategic business unit (SBU) in business strategic management, is a profit center which focuses on product offering and market segment. SBUs typically have a discrete marketing plan, analysis of competition, and marketing campaign, even though ...
s that specialize in these areas and work together on client projects and the development of
intellectual property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, cop ...
, including its own
white paper
A white paper is a report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. A white paper ...
s and research reports. They included:
Global Business Network (GBN), experts in scenario planning and experiential learning; Doblin specializes in innovation and
design thinking
Design thinking refers to the set of Cognition, cognitive, strategic and practical procedures used by designers in the process of Design, designing, and to the body of knowledge that has been developed about how people reason when engaging with des ...
; Monitor Regional Competitiveness supported economic development and regional competitiveness initiatives; Monitor Institute consulted on strategy for the philanthropy and non-profit sectors; Monitor 360 works on strategy for government and non-governmental agencies; and Monitor Talent, a network of authors, experts, and academics who shared ideas about the future of business, science and society. According to Monitor Group, about 85 percent of its revenues came from repeat clients.
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]
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 and an organizational effort with the
University of California
The University of California (UC) is a public land-grant research university system in the U.S. state of California. The system is composed of the campuses at Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, ...
.
Monitor Group recruited both at
MBA
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
and
undergraduate
Undergraduate education is education conducted after secondary education and before postgraduate education. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, in the United States, an entry-lev ...
levels, including online recruiting, for the "consultant" position, the title given to all of Monitor's professional staff. 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.
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
Chris Argyris (July 16, 1923 – November 16, 2013) was an American business theorist and professor emeritus at Harvard Business School. Argyris, like Richard Beckhard, Edgar Schein and Warren Bennis, is known as a co-founder of organization deve ...
; ''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; and ''The Art of the Long View: Paths to Strategic Insight for Yourself and Your Company'' by
Peter Schwartz.
Work for Muammar Gaddafi's regime in Libya
Monitor was first hired by the
Muammar Gaddafi
Muammar Muhammad Abu Minyar al-Gaddafi, . Due to the lack of standardization of transcribing written and regionally pronounced Arabic, Gaddafi's name has been romanized in various ways. A 1986 column by ''The Straight Dope'' lists 32 spellin ...
-led Libyan government in 2005 to assess the state of Libya’s economy, develop plans for economic modernization and reform of the banking system, and train leaders from different sectors of society. The work did not involve any wider political reforms in the North African nation. According to a 2007 memo from Monitor to Libya's intelligence chief which was subsequently obtained by the
National Conference for the Libyan Opposition
The National Conference for the Libyan Opposition (NCLO) was a Libyan opposition organization during the later years of the Gaddafi government. Its stated goal was to bring "an end to tyranny and the establishment of a constitutional and democra ...
and posted on the internet in 2009, Monitor entered into further contracts with the Libyan regime in 2006 which were worth at least $3m (£1.8m) per year plus expenses. According to the memo these contracts were for a campaign to "enhance international understanding and appreciation of Libya... emphasize the emergence of the new Libya...
ndintroduce Muammar Gaddafi as a thinker and intellectual." In connection with these contracts Monitor engaged and flew to Libya several leading Western academics, including
Anthony Giddens
Anthony Giddens, Baron Giddens (born 18 January 1938) is an English sociologist who is known for his theory of structuration and his holistic view of modern societies. He is considered to be one of the most prominent modern sociologists and is t ...
of the
London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 millio ...
(LSE),
Joseph Nye
Joseph Samuel Nye Jr. (born January 19, 1937) is an American political scientist. He and Robert Keohane co-founded the international relations theory of neoliberalism, which they developed in their 1977 book ''Power and Interdependence''. Togethe ...
of
Harvard’s Kennedy School
The Kennedy School, originally the John D. Kennedy Elementary School, is a former elementary school that has been converted to a hotel, movie theater and dining establishment in northeast Portland, Oregon. The facility is operated by the McMenam ...
,
Benjamin Barber
Benjamin R. Barber (August 2, 1939 – April 24, 2017) was an American political theorist and author, perhaps best known for his 1995 bestseller, ''Jihad vs. McWorld'', and for 2013's ''If Mayors Ruled the World''. His 1984 book of political t ...
of
Rutgers University
Rutgers University (; RU), officially Rutgers, The State University of New Jersey, is a Public university, public land-grant research university consisting of four campuses in New Jersey. Chartered in 1766, Rutgers was originally called Queen's ...
and
Michael Porter
Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of t ...
. Monitor also provided research support for a doctoral thesis which Gaddafi's son,
Saif al-Islam Gaddafi
Saif al-Islam Muammar al-Gaddafi ( ar, سيف الإسلام معمر القذافي; born 25 June 1972) is a Libyan political figure. He is the second son of the late Libyan leader Muammar Gaddafi and his second wife Safia Farkash. He was a p ...
, submitted to the LSE. During this period Monitor also proposed a separate project to write a book for a fee of $2.45 million, to be published in Gaddafi's name and which would "allow the reader to hear Gaddafi elaborate, in his own words and in conversation with renowned international experts, his core ideas on individual freedom, direct democracy vs. representative democracy,
ndthe role of state and religion". The book was never completed and Monitor later stated that the project had been a "serious mistake on our part".
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
The Foreign Agents Registration Act (FARA)2 U.S.C. § 611 ''et seq.'' is a United States law that imposes public disclosure obligations on persons representing foreign interests. (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
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United State ...
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
Jordan ( ar, الأردن; tr. ' ), officially the Hashemite Kingdom of Jordan,; tr. ' is a country in Western Asia. It is situated at the crossroads of Asia, Africa, and Europe, within the Levant region, on the East Bank of the Jordan Rive ...
.
Notable current and former employees
*
Chris Argyris
Chris Argyris (July 16, 1923 – November 16, 2013) was an American business theorist and professor emeritus at Harvard Business School. Argyris, like Richard Beckhard, Edgar Schein and Warren Bennis, is known as a co-founder of organization deve ...
- Professor Emeritus at
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
, known for his work on "Learning Organizations"
*
Stewart Brand
Stewart Brand (born December 14, 1938) is an American writer, best known as editor of the ''Whole Earth Catalog''. He founded a number of organizations, including The WELL, the Global Business Network, and the Long Now Foundation. He is the auth ...
- Futurist; co-founder of
Global Business Network
*
Richard Dearlove
Sir Richard Billing Dearlove (born 23 January 1945) was head of the British Secret Intelligence Service (MI6), a role known informally as "C", from 1999 until 6 May 2004. He was in his role as head of MI6 during the invasion of Iraq. He was bl ...
- Head of the
British
British may refer to:
Peoples, culture, and language
* British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies.
** Britishness, the British identity and common culture
* British English, ...
Secret Intelligence Service
The Secret Intelligence Service (SIS), commonly known as MI6 ( Military Intelligence, Section 6), is the foreign intelligence service of the United Kingdom, tasked mainly with the covert overseas collection and analysis of human intelligenc ...
(1999 - 2004)
*
Henry J. Eyring (1989-1998) - 17th President of
Brigham Young University-Idaho
Brigham may refer to:
Places
* Brigham, Cumbria, England
* Brigham, East Riding of Yorkshire, England
* Brigham City, Utah, USA
* Brigham, Wisconsin, USA
* Brigham, Quebec, Canada
People
* Brigham (surname), including a list of people with t ...
[ Lemann, Nicholas]
"Transaction Man: Mormonism, private equity, and the making of a candidate"
''The New Yorker'', October 1, 2012. Retrieved 2012-10-07.
*Jonash, Ronald (1994). ''
Innovation Premium''. Perseus Publishing.
* Jeremy Gutsche - Founder of TrendHunter.com
*
Andrew Heyward - Senior Advisor to Marketspace LLC; former President of
CBS News
CBS News is the news division of the American television and radio service CBS. CBS News television programs include the ''CBS Evening News'', ''CBS Mornings'', news magazine programs '' CBS News Sunday Morning'', '' 60 Minutes'', and '' 48 H ...
* Matthew Le Merle - Investor, board director and leading authority on innovation
*
Roger Martin - Dean,
Rotman School of Management
The Joseph L. Rotman School of Management (commonly known as the Rotman School of Management, the Rotman School or just Rotman) is the University of Toronto's graduate business school, located in Downtown Toronto. The University of Toronto has b ...
and Director,
The Skoll Foundation
Jeffrey Stuart Skoll, OC (born January 16, 1965) is a Canadian engineer, billionaire internet entrepreneur and film producer. He was the first president of eBay, eventually using the wealth this gave him to become a philanthropist, particularly ...
,
Research in Motion
BlackBerry Limited is a Canadian software company specializing in cybersecurity. Founded in 1984, it was originally known as Research In Motion (RIM). As RIM, it developed the BlackBerry brand of interactive pagers, smartphones, and tablets ...
, and
Thomson Reuters
Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre.
Thomson Reuters was created by the Thomson Corpora ...
*
Alice Anne Warner Johnson - Brigham Young University, Co-Founder of the Arbinger Institute, Author
*
John Moore, Baron Moore of Lower Marsh
John Edward Michael Moore, Baron Moore of Lower Marsh, (26 November 1937 – 20 May 2019) was a British Conservative Party politician who was Member of Parliament for Croydon Central from February 1974 until 1992. During the Premiership of Mar ...
- Former Member of Parliament and UK Cabinet Member and Chairman,
Rolls-Royce plc
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for ...
*
Michael Porter
Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of t ...
- Academic,
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
; leading authority on competitive strategy and international competitiveness
*
Jeffrey Rayport
Jeffrey F. Rayport is an academic, author, consultant, and founder and chairman of Marketspace LLC, a strategic advisory practice that works with leading companies to reinvent how they interact with and relate to customers. Marketspace was a unit o ...
- Founder and chairman of Monitor's digital strategy practice, Marketspace LLC; former
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
Professor and Author; Director,
Monster Worldwide
Monster Worldwide, Inc. is an American provider of employment services, the largest of which is Monster.com. Through online media sites and services, the company delivers targeted audiences to advertisers. In 2010, these operating segments re ...
*
Jan W. Rivkin
Jan W. Rivkin (born c. 1966) is an American academic. He is the Bruce V. Rauner Professor of Business Administration at the Harvard Business School. He has published research about strategy, competitiveness and income inequality in the United Stat ...
, Bruce V. Rauner Professor of Business Administration at the Harvard Business School
*
Tagg Romney
Taggart Mitt Romney (born March 21, 1970) is an American management consultant, businessman, venture capitalist and political advisor. He is the eldest son of businessman and U.S. Senator Mitt Romney.
Early life and education
Taggart Romney is ...
- son of
Mitt Romney
Willard Mitt Romney (born March 12, 1947) is an American politician, businessman, and lawyer serving as the junior United States senator from Utah since January 2019, succeeding Orrin Hatch. He served as the 70th governor of Massachusetts f ...
, Governor of Massachusetts and 2012 US Republican presidential candidate
[
* Peter Schwartz - Futurist; Co-founder and Chairman of Global Business Network
* Ian Smith - Former Chief Executive Officer, ]Reed Elsevier
RELX plc (pronounced "Rel-ex") is a British multinational information and analytics company headquartered in London, England. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; ...
* David Wehner - CFO of Facebook
Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin M ...
* Ali Abhary - CEO at Karnaval Media Group and Spectrum Medya A.S
* Kate Bingham
Dame Catherine Elizabeth Bingham (born 19 October 1965), known as Kate Bingham, is a British venture capitalist. She is a managing partner at a venture capital firm, SV Health Investors.
In 2020, Bingham chaired the UK Government's Vaccine T ...
- former head of the UK Vaccine Taskforce during the Covid-19 pandemic and venture capital manager
See also
* EY-Parthenon
*Strategy&
Strategy& is the strategy consulting business unit of PricewaterhouseCoopers (PwC), one of the Big Four professional service firms. Strategy& is a global strategy consulting firm with a network of 75+ offices with 3000+ consultants around the wo ...
*Big Four accounting firms
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size re ...
*Management consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultant ...
References
External links
Monitor Group
Monitor Group on BusinessWeek Exchange BX
{{Consulting
Companies based in Cambridge, Massachusetts
Consulting firms established in 1983
International management consulting firms
Privately held companies based in Massachusetts
Management consulting firms of the United States
Deloitte
2013 mergers and acquisitions