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Frost & Sullivan – “Cronyism at its heart

3 of 3 people found this helpful

Oct 28, 2009

2.0

Frost & Sullivan Industry Analyst:   (Past Employee - 2008)

Pros

- Ability to work on strategic consulting projects with Fortune 500 companies that generally would go a first-tier consulting group like McKinsey, Bain, or Boston Consulting Group
- Feedback and interactions with mid- and senior-level management even at a junior level
- Ability to advance somewhat quickly through additional titles and job responsibilities
- Flexibility on working schedule and location

Cons

- Completely inept senior management and ownership which includes some of the worst practices you will see at a firm including hiring of relatives/friends for numerous managerial, administrative, and support positions within the company.
- Structure and compensation system in place that encourages widespread dishonesty and distrust at every level of the company including by region (e.g., North America), group (e.g., sales, market research, consulting), and within industry focus.
- Almost complete lack of any kind of functioning operations or marketing departments.
- Woefully inadequate IT investment and infrastructure compared to other global market research and consulting firms.
- Lack of adequate training when first-hired and continued investment in professional development.
- Poor benefits including no 401k match and poor dental and health benefits compared to firms of similiar size and revenue.

Advice to Senior Management

- Plenty but they won't act on a word of it because it is a small gold-mine for people who are lucky and fortunate enough to make partner-level. As long as the overall revenues and revenue margins stay as a certain point, they aren't willing to make any real upgrades or investments in the company for the longer-term.

Comment (1)

Oct 30, 2009

by Observer:

Looks like this company has serious management alignment issues and communication gap to keep employees well informed. Employees do not trust the management and questioning all the decisions made by the management.

Senior Management Team, you have a big job to do to get your organization realign and to connect with your people. Need Management Consulting help? Could you afford! Send home those relatives if they are not performing!
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