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).
[...] Because of the competition (Bain & Company, BCG, McKinsey, etc.), Mars & Co wants to differ from other strategy consulting firms and never works for firms in competition with each other. Dominique Mars stated that he cannot work for a firm and its competition at once. “Let's say that your company makes blue widgets. You hire a consulting firm to help you size the market for blue widgets. You then find out that the same consulting firm has been contracted to do the same thing for a company that makes aqua widgets. [...]
[...] Indeed consulting companies cannot really publish their turnover because if somebody knows that the firm is on the verge of bankruptcy and publish its finding; potential clients would no longer have faith in the company, and wouldn't hire the services of the firm. This way Mars & Co would lose its clients and would probably not be able to survive in the business world. In fact, for consulting firms which help other firms avoid bankruptcy, there's nothing more similar to a death knell than being bankrupt itself. [...]
[...] Conclusion In conclusion we can say that Dominique Mars has established an eccentric way of management that is 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), confidential 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 engage in substantial promotion. [...]
[...] Nevertheless, even if the firm does not talk about ethics, it is obvious that the company has established some points about ethics in a chart with its employees and with clients. Furthermore, some articles, discussing the operations of Mars & Co, state that Mars & Co is not totally respectful of the French law. In these articles, the journalist explains that Mars & Co is one of the consulting firms that did not supply its profits and losses account to the bankruptcy court. [...]
[...] The website describes the perfect Mars & Co's candidate as "young, single, willing to relocate, bilingual, analytical, and hard working." Mars & Co's development goals are ambitious; the firm says that its objective is to enhance the company from 250 employees to 400-450 consultants in 2020. Mars & Co's services A. The services Strategy consulting firms assist companies with strategic planning for durations of two to five years. This can involve choosing a strategy for growth, making suggestions for restructuring, providing international expertise, suggesting acquisitions/divestitures and revitalizing leadership. [...]
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