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Bain and Company Iris Min When Started it • 1973 • 1973:Bain & Company is formed. • 1979:A London office is opened. • 1984:Bain Capital is formed. • 1991:Bill Bain relinquishes control. • 1993:Orit Gadiesh is named chairman. Who Started it • Former Group Vice President of Boston Consulting Group • William Bain Junior found the firm • Mitt Romney appointed as the first CEO • Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. • Orit Gadiesh, the important Chairman, first female head Size • Asia • Australia • Europe • Middle east • Africa • North America • South America Current Web Page Fun facts • There is an international inter-office football tournament held each year - the Bain World Cup. • Each office area within the building has its own 'fun rep' and a budget to organize fun activities at will. • Every Friday the whole company congregates for evening drinks and celebrates the week. • People who work at the firm are called ”Bainies"." Bain & Company, Inc. Letian Kong Foundation About Bain Size • In 2012 the company had nearly 50 offices in more than 30 countries. Fun Facts •William Bain sucks! Simon Han Landscape Architecture Brief Introduction - Bain & Company Founded in 1973, incorporated in 1985 Founder: William Bain, from Johnson City, TN, Vanderbuilt University Size: 2,800 employees in 1988 → 8,000 in 2018 Revenue: $825 mi. (2001 est. in 1988) → $3.7-4.5 bi. (2017 est. in 2013) Bain’s Philosophy Simply put, “To assemble a thorough overview of a company and its competition then develop and implement a strategy to improve profitability of the entire business.” In other words, a systems approach to problem solving. Company History ● War with Boston Consulting Group in 1973 ● Mitt Romney (Republican Party) once was a employee ● Transition to new management in 1993 ○ Orit Gadiesh, Israeli Hebrew University, Israeli Army, Harvard Business School McKinsey & company profile Mahsa Safi Student ID:913590034 When started • McKinsey founded the largest management consulting firm in the world in 1926. • https://www.hbs.edu/leadership/20th-century-leaders/Pages/details.aspx?profile=james_o_mckinsey Who started • James Oscar McKinsey who was born in 1889 and died in 1937.He was an American accountant, management consultant, professor of accounting at the University of Chicago, and founder of McKinsey & Company. • https://www.hbs.edu/leadership/20th-century-leaders/Pages/details.aspx?profile=james_o_mckinsey Size • Global reach: over 120 cities, over 60 countries, more than 25,000 colleagues, our people come from over 120 countries and speak more than 130 languages. https://www.mckinsey.com/~/media/McKinsey/About%20Us/Media%20Center/McKinseymed iafactsheet_14-Feb-2018.ashx Current web page: • https://www.mckinsey.com/ A few fun facts • They are at the center of a network of the word’s leading technology companies • They tackle problems with the end in mind • Designers, Data Engineers and Coders are welcome • Digitizing a fast-food chain • Launching a new mobile-banking app: -Within a month of its release, it reached the number-one spot in the local Apple App Store and performed tens of thousands of transactions • Using robotics to process life insurance: - They built a robotic-process-automation tool that automated numerous activities. It freed up employees’ time for other work, dropped policy conversion time by 50 percent, and lowered processing costs by more than 80 percent. • Headquarters: As a truly global firm we do not have a ‘headquarters’ in the traditional sense. Our Managing Director chooses his or her home office. https://www.fractionalcmos.com/cmo-blog/2017/8/20/5-curious-facts-about-mckinsey-comp https://www.mckinsey.com/about-us/new-at-mckinsey-blog/five-things-you-may-not-know-about-digital-mckinseyany McKinsey Marta Parke FRS 03 Basic Facts ● Founded in 1926 by James O. McKinsey ● Marvin Bower joined McKinsey in 1933 and he was important because he helped establish the firm's core values ● Approximately 27,000 employees ● 14K of these employees are consultants ● 127 offices around the globe ● Over 60 countries Kevin Sneader ● McKinsey’s newest global managing partner that is succeeding current Dominic Barton. ● Senior partners elect someone into this position every three years ● Born in Canada and grew up in Scotland ● First job at a jewelry store ● Kevin did not know about McKinsey until he was the library and found a McKinsey recruiting brochure McKinsey's Webpage ● McKinsey.com ● Highlight the industries- when you pick a specific industry, McKinsey talks about its impact, employees and recent publications. (https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights) ● Global themes- talks about today’s relevant topics ( AI, Gender Equalitu) ● Locations ● Business Functions- McKinsey’s thoughts, papers and articles on current business issues ● Careers- Showcases employees and the many different positions ● About Us- General overview and McKinsey’s social impacts Fun Facts ● Mckinsey founded Generation, a non profit that focuses on youth unemployment. Over 16,000 students were trained and graduated and 82% of them got jobs. ● In 1970, Mckinsey came up with the barcode ● McKinsey got its first female employees in 1964, all of which got MBAs in Harvard Deloitte Consulting Yuelai Jiang History • In 1845, William Welch Deloitte opened an office in London. Deloitte was the first person to be appointed an independent auditor of a public company, namely the Great Western Railway. He went on to open an office in New York in 1880. • The firm went through several mergers and spin-offs in the late 19th, when there were intense competition among accounting firms and several frauds and scandals in the industry. • In 1995, the partners of Deloitte & Touche decided to create Deloitte & Touche Consulting Group (now known as Deloitte Consulting) Size Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 263,900 professionals globally. In FY 2017, the network earned a record $38.8 billion in aggregate revenues. As of 2016, Deloitte is the 6th-largest privately owned organization in the United States. In 2017, consulting accounted for 37% ($14.4 billion) of worldwide revenue share. Current web page • https://www2.deloitte.com/us/en/services/consulting.html A few fun facts • The Amsterdam office (called ‘The Edge’) is the most sustainable office building in the world. Toilets are flushed with rain water. And in the gym, the treadmills save the electricity generated. - Quora • Deloitte LLP does not own any real estate in the world, apart from the Deloitte University building in Dallas USA. (Deloitte University is a multi-million dollar learning facility initiated during the 2008 financial crisis.) - Ex Deloitte employee • The most comment on Glassdoor is ‘Good working environment and culture, but heavy workload and long hours’. .
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