In this week's consulting headlines:
- For the seventh time, Deloitte was named to DiversityInc's Top 50 (out of 449) Companies for Diversity. The award recognizes companies that demonstrate measurable diversity initiatives and results. Now in its 10th year, the annual rankings are derived from a survey of diversity management practices and processes that include CEO commitment, human capital metrics, corporate and organizational communications, and supplier diversity.
- BearingPoint and Yale are embroiled in a financial dispute. Back in 2007, BearingPoint had endowed the Yale School of Management with $8.1 million—part of a proposed $30 million, seven-year donation plan. When BearingPoint filed for bankruptcy last year, those donation plans went down the tubes, and now the firm's liquidation trustee is seeking to get that money back. This comes at a tough time for Yale, which is facing a $150 million budget gap.
- KPMG has announced that it is hiking up its recruitment efforts to pre-recession levels, and opening up new opportunities for graduates. The firm is taking special pride in its status as major consulting player. Says Scott Parker, UK head of performance and technology, "We were one of the first to build up the consultancy capability again and we’ve gone from zero to a thousand consultants and from zero to £200m." He says the firm's strength lies in its strength as a complete professional services entity, rather than just a company with an added consulting wing.
- Sungard launched a new Global Services group—a blending of the firm's consulting and technology units—to focus on the financial sector. The group currently has 4,500 consultants, spread across seven countries, with plans for expansion.
- The Ethisphere Institute named Accenture one of the World's Most Ethical Companies for the third consecutive year. The firm won this recognition "by implementing meticulous business practices and initiatives that are instrumental to the company’s success, benefit the community and raise the bar for ethical standards."
- Arthur D. Little has released its ranking of the world's most innovative companies in the following industries: Technology, Information, Media & Electronics; Electrical Engineering & Electronics; Chemicals & Pharmaceutical; Engineering, Machinery and High-Tech; Retail/FMCG; Automotive; Energy & Utilities; Financial Services; Logistics. Top innovators in each industry were determined based on the success of its sales and new product time to market against the industry average.
- And in Vault consulting news, our annual consulting survey is still going on, and we'd love to hear from you! Here is the list of firms included in our survey. If you work at one of those firms, we want your feedback!You may have already received a request from your company to participate in this survey. But if you haven’t, please contact us and we’ll be happy to send you the survey link!
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