458.Paper.Peter Qu.AUT08

Beingayoungandsmallfirmisbothastrengthandaweaknesstodi

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Unformatted text preview: e
(L.E.K.
Consulting,
2008).


L.E.K.
consulting
offers
advisory
services
in
 corporate
strategy,
mergers
and
acquisitions
as
well
as
in
operations
(L.E.K.
Consulting,
 2008).

 Consulting
Styles:
 L.E.K.
Consulting
offers
generalist
approach
to
solving
business
problems.

 The
unique
edge
of
L.E.K.
Consulting
is
its
ability
to
“gather,
distill
and
analyze
vast
 amounts
of
data
and
information
in
order
to
develop
clear,
actionable
 recommendations.”
(L.E.K.
Consulting,
2008).

A
good
example
such
capability
is
the
 annual
Shareholder
Scoreboard
jointly
published
by
L.E.K.
Consulting
and
the
Wall
 Street
Journal.

The
Scoreboard
compares
shareholder
returns
over
different
time
 periods.

Analysis
and
interpretation
of
these
scores
can
offer
insights
into
economy
and
 business
development
(Newman,
2008).
 Merits
and
De‐Merits:
 L.E.K.
Consulting
has
a
strong
presence
in
Europe.

In
2007,
it
was
the
number
one
 adviser
in
the
number
of
private
equity
transactions
in
Europe
(L.E.K.
Consulting,
2008).

 L.E.K.
is
also
known
for
its
expertise
in
airline,
surface
transport,
financial
services,
 media,
and
alternative
energy
industries
(L.E.K.
Consulting,
2008).
 Insider’s
View:
 Consultants
at
L.E.K.
Consulting
reported
long
work
hour
and
difficulty
in
achieving
work
 and
life
balance
(Newman,
2008).

The
average
hours
per
workweek
are
approximately
 60
to
70.

The
above
industry‐average
salary
and
bonus
compensate
for
the
long
work
 hour
(Newman,
2008).

There
is
minimal
travel
requirement
at
the
firm,
with
most
trips
 are
one
or
two
days
trip
every
few
weeks
(Newman,
2008).
 Consultants
at
L.E.K.
also
mentioned
the
company
policy
of
quickly
reporting
strong
 performers.

Strong
consultants
can
be
promoted
to
manager
after
two
years
(Newman,
 2008).

For
those
consultants
who
don’t
like
the
manager
life
style,
the
company’s
 distinct
not
up‐or‐out
culture
allows
them
to
stay
as
consultants
for
long
period
of
time.
 Performance:
 Many
of
the
performance
metrics
are
not
available
for
L.E.K.
Consulting.

Based
on
the
 limited
information
available,
L.E.K.
offers
above
average
compensation
at
expense
of
 long
work
hours.


 Table
5.
Performance
Metrics
for
the
L.E.K.
Consulting
 Revenue
per
consultant
 Time
to
partner
 Average
travel
time
 Starting
salary
 Average
bonus
 Turnover
statistics
 
 Personal
Opinion:
 N/A
 N/A
 Less
than
one
day
per
week
(Newman,
2008).
 Higher
than
average.
(Newman,
2008)
 15
to
20%.
(Newman,
2008)
 N/A
 The
competitive
edge
of
L.E.K.
Consulting
is
its
capability
to
analyze
and
translate
vast
 amount
of
information
into
manageable
facts
that
can
then
be
used
to
for
making
sound
 business
decision.

Combined
its
information
gathering
capability
with
its
generalist
 approach,
L.E.K.
has
achieved
a
strong
footprint
in
Europe.
 For
the
consultants
working
in
L.E.K.
Consulting,
the
work
hour...
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This document was uploaded on 02/17/2014.

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