Overview of management in Mars and Co. consulting firm

Résumé du document

Mars & Co is a consulting firm specializing in strategic management. The company was established in 1979 by Dominique Mars who is the current president. Mars & Company is a limited liability company (LLC) which started in France with a capital of $17,600.

Dominique Mars was born in Neuilly Sur Seine (France). He completed his schooling at Centrale. In 1969, he went to Harvard. By the end of his studies, he started to work for the Boston Consulting Group (BCG).

When he was 31 years old, Mars became one of the 17 vice-presidents of the Boston Consulting Group. In 1979, he left BCG because he felt it was essential for a strategy consulting firm to guarantee the exclusivity of its services to each client. Consequently, BCG would have had to select its clients.

Dominique Mars couldn't steer his partners in this direction, so he left BCG and came to Paris and established Mars & Co. The headquarters of his society is in Paris in an ancient mansion called Raymond Poincare.

In 1979, Mars & Co settled firstly in Paris which is now the headquarters of the company. Considering that the United States was the reference of the consulting market, the company decided to have one of its centres in New York in 1982. Then offices in London (in 1986) and in San Francisco (in 1994) were established.
More recently, two new offices were built in Tokyo (2000) and in Shanghai (2005).

Nowadays, Mars & Co, as the other leaders of the consulting market, is consequently settled in the more developed areas of the world (countries of the triad and China).

Extraits

[...] Consequently, its staff is split between Europe, Asia and North America. Mars & Co keeps expanding: after the office in Shangaï (2005) the company plans to spread out throughout Europe and North America. Conclusion In conclusion we can say that Dominique Mars has established an eccentric way of management fully controlled by him. Mars & Co has also adopted an original strategy which differs from the leaders of the consulting market. Indeed, its strategy based on the exclusivity (one client per sector) , confident and long relationships with its clients helped the company becoming famous and higly saleable even if Mars & Co does not care about ethics and does not make lot of promotion. [...]

[...] Consequently it is better for consulting businesses to keep their accounts secret than to publish it to the media. That's why it's more profitable for them to cover their accounts than give them. The fact that the president of Mars & Co never speaks about ethic, and that the company prefers to pay a fine shows that Mars & Co is not an ethic example even if there certainly are secret charts in the company with clients and employees. IV. [...]

[...] Marketing in Mars & Co A. Target market The Mars & Co's target is firms which need help to answer questions as how their turnovers can grow. Mars & Co's clients are very powerful companies. B. Strategy The strategy of Mars & Co is based on this motto: “best and brightest”. The firm was founded as the “only consultancy of consequence to guarantee fidelity”. Indeed, Its strategy is based, on one hand, on the fact that Mars & Co does not work with two competitors firm (in the same sector) and on the other hand in the fact that the company has a long lasting and confident relationship with its clients. [...]

[...] Mars & Co is a consulting firm specialized in strategy and management. The company was founded in 1979 by Dominique Mars which is the current president; he has 100% of the firm parts. Mars & Company is a limited liability company (LLC) which started in France with a capital of $ B. Who is Dominique Mars? Dominique Mars was born in Neuilly Sur Seine (France), he made brilliant studies at Centrale. In 1969, he went to Harvard. At the end of his studies, he started to work at Boston Consulting Group (BCG). [...]

[...] A senior associate consultant earns $87,000 per year. A consultant earns $115,000 per year. C. The way to be promoted To be upgrading, worker's performances and potential are evaluated every year. Since the begining of the financial crisis, there has not been any promotion in Mars & Co. Mars & Co wants to describe itself as a meritocracy firm. It means that in Mars & Co, the more workers are professional (able to resolve a problem), the more they have chance to be promoted. [...]