Management Consulting Group

Last updated
Proudfoot
Company typePublic
Industry Management consulting services
FoundedChicago, USA, 1946
HeadquartersAtlanta
Key people
Neil O'Brien, CEO
Nicholas Stagg, Executive Chairman
RevenueDecrease2.svg £45 million (2016)
Number of employees
200
Website www.proudfoot.com

Management Consulting Group, PLC is a consulting company listed on the London Stock Exchange under the name MMC. The company provides professional services across a wide range of industries and sectors via the Proudfoot practice. [1]

Contents

Naming

The company was originally named Alexander Proudfoot PLC, after its founder. In 1993 it shortened its name to Proudfoot PLC. In January, 2001 it changed its name to the current name of Management Consulting Group, PLC. [2]

Timeline

Proudfoot

Overview

Proudfoot is a consulting company eponymous of its founder, Alexander Proudfoot, that was founded in Chicago, Illinois during 1946. Over its history it has also opened offices in South Africa, Hong Kong, Brazil, Canada, France, Germany, Chile, UK and Mexico City. The company was initially known as Proudfoot Consulting PLC, and changed its name to that of its founder in 2009. The company provides strategies for improving the financial and operational infrastructure of client companies. Industries that the company has worked within include the defense industry, automotive industry, banking and construction sectors, insurance, life sciences, mining, oil and gas, manufacturing and retail, telecommunications, and transportation. [3] The firm works with private and public companies, and is hired to improve the efficiency of those companies over either short-term or long-term contracts. [4] [5] Their CEO is Neil O'Brien and the executive chairman is Nick Stagg. [6]

Studies

Proudfoot also produces studies regarding workforce dynamics. A 2007 study of theirs showed that during that year, the manufacturing sector had a 37% rate of unproductive work force time, and that worldwide companies were 29% below optimum productive efficiency. [7] [8] [9] Further studies by the firm showing non-productivity have shown that the fault is not always with the employees, and that often the lack of productivity is the result of bad or faulty management. [10] In 2009 a study by Alexander Proudfoot showed that on average a salesperson only spends one fifth of their day actually prospecting or closing sales, and usually believes they have spent twice the time they actually have on sales work. [11]

References

  1. ↑ "Management Consulting Group PLC - MCG at a glance". www.mcgplc.com. Retrieved 2017-04-03.
  2. ↑ Management Consulting Group PLC - Company History
  3. ↑ "Alexander Proudfoot". Businessweek. Archived from the original on June 16, 2009. Retrieved June 25, 2014.
  4. ↑ "Are All These Consultants Really Necessary?". Forbes Magazine. October 10, 1983. Retrieved June 25, 2014.
  5. ↑ "Alexander Proudfoot lands another consulting contract". CBC. November 15, 2012. Retrieved June 25, 2014.
  6. ↑ "Management Consulting's Alexander Proudfoot Loses Its Chief Executive". Morning Star. March 5, 2014. Retrieved June 25, 2014.
  7. ↑ Associates, J. D. Gray (2011). Classic Productivity Systems for the Assembly Manufacturer Or Distribution Center. p. 83. ISBN   9781462021963.
  8. ↑ Macaulay Campbell (October 13, 2002). "BULLETIN BOARD; Working 9 to 5, Give or Take". New York Times. Retrieved June 25, 2014.
  9. ↑ "Deutsche vertrödeln Arbeitszeit" (in German). Focus. November 17, 2008. Retrieved June 25, 2014.
  10. ↑ G. Thomas Sims (September 6, 2004). "Slowing European Productivity May Be Boss's Fault, Study Says". Wall Street Journal. Retrieved June 25, 2014.
  11. ↑ Charles Fifield. "Necessary Condition #3 - The Right Day-to-Day Operational Focus". Baylor University. Retrieved June 25, 2014.
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