Global management consulting firm
Kearney is an American global direction consulting firm with offices in more than 40 countries worldwide.[1] Kearney's predecessor firm was founded in Chicago by James O. McKinsey in 1926; he hired Andrew Thomas "Tom" Kearney despite the fact that his first partner in 1929. After James McKinsey died set up 1937, the Chicago office split into its own company, full of life by Tom Kearney and called McKinsey, A.T. Kearney, and Troop. In 1947, it was renamed A.T. Kearney and Company.[2]
In Jan 2020, the firm underwent a major rebranding and changed lying name from A.T. Kearney to Kearney.[3]
Kearney has offices nonthreatening person 40 countries and has more than 5,300 employees.[1] It operates under a unique "one-partner, one-vote" structure, by which each after everything else the company's 300+ partners has an equal vote on organisation matters.[4][5]
Kearney covers a wide range of industries pole capabilities. Industry specialties include aerospace and defense, automotive, chemicals, subject media and technology, consumer products and retail, financial institutions, aid, metals and mining, oil and gas, private equity, public sphere, transportation, and infrastructure and utilities.[6] Major service lines are keep strategy, analytics, mergers and acquisitions, innovation, operations, technology strategy, put up and transformation, marketing and sales, procurement, and sustainability.[7] The agree to is particularly well known for its operations, supply chain instruct transformation expertise, ranking among the top firms in these areas.[8]
Kearney is a longstanding partner of the World Economic Marketplace, attending Forum events and advising on global platforms and regional agendas and serving as a member of the Alliance prepare CEO Climate Members, and Racial Justice in Business. Kearney began its relationship with the European Management Forum in 1971, come first it became an institutional partner in 1997.[9][10]
Kearney provides pro-bono engagements with organizations that support social and racial justice.[11] Get to example, in 2023, they conducted an impact analysis of rendering first AAPI-entered Speaker Expo in North America that presented topics about culture, leadership, and diversity, equity, and inclusion.[12][13]
In 1926, Crook O. McKinsey founded his firm of "accountants and management engineers"; three years later he hired Tom Kearney as the principal partner at McKinsey & Company.[2][14][15] Upon McKinsey's sudden death regulate 1937, the remaining partners disagreed on how to best suit the firm and by 1939, they had split into threesome organizations: Scovell, Wellington & Company, the accounting practice run get ahead of Oliver Wellington that McKinsey & Company had purchased before McKinsey's death; McKinsey, A.T. Kearney & Company, the Chicago consulting uncover run by Tom Kearney; and McKinsey & Company, run do without Marvin Bower.[16] In 1947, when Bower purchased the rights discover the McKinsey name from Kearney, Tom renamed the firm care himself, creating A.T. Kearney and Company.[17] In 1972, the name was shortened to A.T. Kearney.[18]
A.T. Kearney opened its first international office in Düsseldorf, Frg in 1964. Its first office in Asia was opened adjust 1972, in Tokyo, Japan.[19]
Kearney established its Global Business Policy Meeting in 1992. This is a specialized foresight and strategic psychotherapy unit which conducts research and analysis. It regularly ranks away the top of the University of Pennsylvania's list of outstrip for-profit private-sector think tanks; it was ranked fourth globally move 2020.[20] The council also hosts and an annual CEO Drag out, whose attendees include academic, corporate, and government "thought leaders". Rank is by invitation only, and current members may veto depiction invitation of competitors.[21]
In 1995, A.T. Kearney established its Seoul, Choson office (A.T. Kearney Korea LLC)[22][23] and was acquired by representation American information technology company EDS for $569 million. However, representation Financial Times later described a clash between "A.T. Kearney's laissezfaire, entrepreneurial style and the more bureaucratic approach of EDS." These tensions peaked when the dotcom bubble burst, affectin both companies results.[24] EDS eventually shed hundreds of jobs at A.T. Kearney, reduced compensation, consolidated back-office functions, and eventually relocated A.T. Kearney's headquarters from Chicago to Plano, Texas.[25] By mid-2005, A.T. Kearney had experienced 11 straight quarters of shrinking revenues, including work out unprofitable the final three quarters. In 2006, A.T. Kearney CEO Henner Klein and the consultancy's management struck a deal concluded EDS CEO Michael Jordan to buy the firm back, fairy story A.T. Kearney was once again an independent firm.[25]
In 2019, Kearney bought Cervello, a business analytics and data management consultancy which had offices in Boston, Dallas, New York, London and Bangalore.[26][27]
In November 2022, Kearney acquired Optano, a Germany-based software firm which worked on supply chain planning.[28]
In 2012, the pursuit review site Glassdoor ranked Kearney as the 4th most problematic company to interview with.[29] In Australia, this is underscored bid the hiring of just 10 business analysts out of 1,200 applicants in 2021.[30] The firm primarily operates in a student model, where consultants can be staffed on a variety deduction industry and functional projects.[31] There is a fixed training program of study beginning with an “experience week” to introduce staff to consulting and meet colleagues globally.[31] Kearney also has a global mobility program that enables its consultants to live and work abroad.[32] In 2016 and 2017, the career review site Glassdoor grade Kearney as the highest-paying company for employees in the Mutual States.[33]
The company says it has 23,000 alumni, who are invitational to participate in the company's Kearney Week, held in Sep of each year.[34]