Monitor Group Goes Bankrupt: Why Services Procurement and Risk Management Best Practices Matter [PRO]
Tags: Breaking News, PRO, Risk, Services Procurement & Contingent Labor
Did you know Michael Porter had an unpublished sixth force â€“ bankruptcy? While we say this in jest, the recently announced bankruptcy of the consultancy that he founded, Monitor Group, is no laughing matter. At the time of the filing, Monitor had approximately 1,500 employees, making it smaller than some of its peers in the top-tier strategy consultancy league (including Bain, BCG and McKinsey), but still a highly influential firm on the global management consulting stage due to the senior relationships that it had.