Strategy Consulting Firms: Fair Process
To identify any strategy consulting firms (and their websites) that apply a strong focus on "fair process" (https://hbr.org/2003/01/fair-process-managing-in-the-knowledge-economy) to inform internal discussion and foster business development.
Our background research on strategic consulting firms who have a strong focus on fair process revealed insights. Here are some key pieces of information we found:
Strategic Consulting Firms with Fair Process Values
- Trexin is a strategic consulting firm that believes in the internal company values of: Trust, Experience, and Innovation. The desire of top executives to focus on Trust, Experience, and Innovation as key internal company values implies that building employee trust with a fair process of idea sharing and collaboration is important for them. "Trust, Experience, and Innovation represent the core values that internally motivate us and guide our own professional behavior: the honor of earning others’ trust and building trust-based relationships; the pride in developing practical skills and expertise that is shared with others in a collaborative manner; and the stimulation of creative expression and lifelong learning required to solve new challenges."
- Accenture is a strategic consulting firm that has among its core values the values of: Integrity and Respect for the Individual that "shape the culture of our organization and define the character of our company." The core value of Integrity emphasizes this firm's commitment to fair process through "inspiring trust by saying what we mean, matching our behaviors to our words and taking responsibility for our actions." Accenture also commits to a fair process of idea sharing and collaboration with the core value of Respect for the Individual by "valuing diversity and unique contributions and fostering a trusting, open and inclusive environment."
Other Strategic Consulting Firms
- Nine strategic consulting firms (including Accenture) that have been called "the most prestigious consulting firms in the world" are: McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, Oliver Wyman, Strategy & (PWC), AT Kearney, Roland Berger, and Deloitte S&O + Monitor.
- "The top three strategy consulting firms in the world serve nearly all Fortune 1000 companies and are commonly referred to as MBB: McKinsey & Company, Boston Consulting Group, Bain & Company. They earn the highest revenue among strategy consultancies and have generally been around the longest."
Proposed next steps:
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As our initial research only touch upon identifying strategy consulting firms that have a strong focus on fair process, we recommend additional research on 2-3 more firms of the 8 other strategy consulting firms that have been identified of: McKinsey & Company, Boston Consulting Group, Bain & Company, Oliver Wyman, Strategy & (PWC), AT Kearney, Roland Berger, and Deloitte S&O + Monitor to further analyze for a comprehensive report.
We also recommend further research on 3-5 insights for this niche of strategy consulting firms and fair process for a more in-depth report.