consulting founded 1994 headquarters jackson wyoming us key people hans dau rolf thrane yohan br unling products performance improvement cost reduction strategy revenue 35mm est. number of employees 150 est. website www.mmgmc.com the mitchell madison group mmg is a global management consulting firm that focuses on improving financial and operating performance for major corporations . originally founded in 1994 and re launched in 2003 it is today widely recognized as a leader in the areas of strategic sourcing performance improvement and big data analysis . unlike most traditional management consulting firms the majority of mitchell madison s revenue is derived from success fees rather than time based billing . contents 1 history 2 organization 3 business 4 recruiting 5 references 6 external links history edit in 1992 a group of mckinsey partners in new york left the firm to start a financial services group at a.t. kearney a chicago based competitor . the relationship soon soured as a.t. kearney was in the process of selling itself to eds 1 an it outsourcing conglomerate . as a result the original mitchell madison group was co founded by vikas kapoor in a management buy out with about 120 professionals in 1994 and doubled its revenue year on year . the firm experienced rapid growth in the 1990s primarily on the back of its successful strategic sourcing practice serving many of world s largest financial institutions . with a global footprint of 16 offices and almost 1 000 employees fortune magazine named it one of the top 50 firms to work for in 1999 . the firm was sold in late 1999 for about 300mm to usweb a web design company which expanded during the dot com boom into management consulting . 2 subsequently usweb merged with whitman hart another consulting firm based in chicago . 3 the combined company a merger of equals had over 10 000 employees with annual revenues exceeding 1bn and soon renamed itself to marchfirst . with the burst of the dot com bubble marchfirst went into bankruptcy in april 2001 and its assets were liquidated . 4 in 2003 hans dau with other partners who were running the successful west coast offices of the original mitchell madison group joined forces and decided to re launch the firm by acquiring the brand name in bankruptcy court . recognizing a need for new consulting model where the client and the consulting firm share financially in the success of a project they were able to build a high end boutique firm with global capabilities that serves large brand name clients globally . by 2008 the firm had grown to about 150 employees with main offices on new york los angeles and manila and several satellite offices in europe and asia . the firm is featured although not by name in matthew stewart s book the management myth . 5 stewart takes care not to state the name of the firm but he does say that it was bought out by an internet company whose ceo was named joe and believed in ufos . organization edit mitchell madison group is formally organized as a corporation and functions as a partnership in its day to day operations . it is the firm s policy to only serve one client in a specific industry or around a specific issue as to avoid any perception of potential client conflict . due to the firm s orientation towards client success delivery and contingency compensation its senior partners are much more involved in executing consulting work than is typical for other consulting firms . the organizational pyramid tends to be more hour glass shaped with senior partners and consultants working directly with junior staff . the firm has operations in several us cities zurich switzerland hong kong and manila philippines . mitchell madison leverages its large manila office for analytical work and most of its offshore consultants work side by side with the firm s us and european staff on client projects . according to vault the culture at mmg is that of a small entrepreneurial firm as such consultants are given more responsibility and hands on experience than they would receive at other consultancies . consultants work in small high powered teams and receive direct feedback from managers partners and clients . 6 recently the mitchell madison group has beefed up its big data analytics capabilities by hiring a chief data scientist and several other supporting resources . business edit mitchell madison group provides strategy data analytics and performance improvement consulting services to large corporations over 1bn in revenue primarily in the financial services manufacturing telecom technology and media publishing sectors . since its founding in 1994 the firm has completed well over 1 000 projects improving their clients financials by over 10 billion annually . mitchell madison is best known for its capabilities in strategic sourcing where it works with clients to improve their cost structure by restructuring and re negotiating complex supplier relationships and big data where they improve metrics such as pricing and sales effectiveness through analysis of large data set and building of custom machine learning models . the firm has accumulated significant intellectual property in a wide range of expense categories and leverages that expertise to accelerate client projects . consulting magazine recognized mmg s rolf thrane as one of the top 25 consultants in 2007 . 7 recruiting edit mitchell madison group recruits both experienced consultants and entry level staff from leading universities . campus recruiting is a mix of mbas and exceptional candidates with non traditional backgrounds . in addition to the top mba schools the firm has historically recruited heavily at caltech and mit . vault has recognized mitchell madison as an employer with competitive compensation where consultants have the opportunity to move up and shine but cautions that the small entrepreneurial environment does not satisfy everyone with a corporate america background . 8 references edit ny times eds resumes purchase talks with at kearney channel web next in line usweb cks to buy mitchell madison group cnet usweb to merge with whitman hart ny times marchfirst to liquidate matthew stewart the management myth why the experts keep getting it wrong isbn 0393065537 vault mitchell madison profile consulting magazine top 25 consultants vault mitchell madison company snapshot external links edit official company website careers in consulting consulting magazine article about mmg1 consulting magazine article about mmg1 consulting magazine article about mmg1 history of mmg 1 german mmg alumni site retrieved from https en.wikipedia.org w index.php title mitchell madison group & oldid 743864563 categories international management consulting firmsprivately held companies of the united stateseconomics consulting firmsmanagement consulting firms of the united statescompanies based in new yorkresearch and analysis firmsresearch and analysis firms of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 11 october 2016 at 18 19 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view