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HISTORY
HISTORY
The Management Consulting Institute (MCI) was established in 2011 as a non-profit entity to provide professionals and students with the tools required to achieve business excellence and at the same time provide companies with another source of well-trained, world-class professionals. The founding group was made up from consultants with roots at Arthur D. Little & Monitor Group. The board was expanded to include academics and consultants from McKinsey, Booz, Deloitte & KPMG.
Late 19th Century
Late 19th Century
Arthur D. Little
Frederick Taylor
The first consulting firm was founded by Arthur D. Little, a professor from MIT.
Frederick Taylor, known as the "Father" of Scientific Management and efficiency movement began to perform time and motion studies to improve manufacturing processes.
Early 20th Century
Early 20th Century
The growth and complexity of large industrial organizations in the US created a market for professional firms who offered independent counsel.
Some of the first “management engineering” companies then started to emerge, including companies like Price Waterhouse Coopers, Arthur Andersen, Booz Allen Hamilton and McKinsey.
Late 20th Century
Late 20th Century
From the 1950s onward, consultancies expanded their activities considerably in the United States but also globally.
Work done at McKinsey, BCG, Booz Allen Hamilton, and the Harvard Business School during the 1960s and 1970s developed the tools and approaches that would define the new field of strategic management, setting the groundwork for many consulting firms to follow.
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