Thursday, March 10, 2005
History of Consulting Unit-Bearing Point
The Marvin Bower & Edwin Booze combination really swept accounting firms in 1960’s. They dented their supremacy and changed the consulting from accounting, industrial engineering to single window solution. Situations became worse in 1970’s when lethal combination of Bill Bain and Bruce Henderson slaughtered accounting firms. By 1980’s it appeared once dominant accounting forces will loose their foothold in management consulting. GAO conducted survey, then unprecedented changes starts occurring. BIG 5 accounting firms bring in different professionals; spin off from the parent unit. One of them is Bearing Point (Popularly known as KPMG Consulting.) Although they are dethroned by King Bower, yet they hit back into main foray with new plans, strategic transformation. As per legendary management consultant Edwin E Booze it’s too late!! But Bearing Point still forges ahead, and in hunt always!!
Their history starts in 1897 with the formation of Marwick, Mitchell & Co. In 1911 Marwick, Mitchell & Co. merged with W.B. Peat & Co. to form Peat, Marwick, Mitchell & Co. In 1987 with the formation of KPMG LLP. It’s called as KPMG Consulting. In 1999 Cisco Systems invest 1 US billion and the unit spun off from KPMG LLP. In October 3, 2002 Bearing Point was listed in NASDAQ. Bearing Point provides business consulting, systems integration and managed services to Global 2000 companies, medium-sized businesses, and government organizations. Approximately 16,000 professionals in 39 countries leverage extensive industry and technology domain experience and flexible tools and methodologies to successfully deliver on time and on budget.
Their history starts in 1897 with the formation of Marwick, Mitchell & Co. In 1911 Marwick, Mitchell & Co. merged with W.B. Peat & Co. to form Peat, Marwick, Mitchell & Co. In 1987 with the formation of KPMG LLP. It’s called as KPMG Consulting. In 1999 Cisco Systems invest 1 US billion and the unit spun off from KPMG LLP. In October 3, 2002 Bearing Point was listed in NASDAQ. Bearing Point provides business consulting, systems integration and managed services to Global 2000 companies, medium-sized businesses, and government organizations. Approximately 16,000 professionals in 39 countries leverage extensive industry and technology domain experience and flexible tools and methodologies to successfully deliver on time and on budget.
