Monitor aspires to create a new class of professional services firm -- one that links cutting edge intellectual property with a diverse array of human, technical and financial assets -- to help our clients win in the marketplace. Historically, institutions seeking to advance their competitive positions have been reduced to assembling piece part solutions by enlisting the assistance of different types of firms. Only by turning to a variety of firms offering different kinds of services could they marshal the resources needed to achieve the level of change their organizations required. The inefficiencies spawned by those disparate transactions and the misalignment in the perspectives and incentives of the firms involved left clients either bearing the burden of integrating all the inputs themselves, or settling for irreconcilable, disjointed, or untimely inputs. We believe the challenges and opportunities facing management today require efficient, integrated application of state of the art approaches. Providing that requires not only having a full array of assets to draw on, but the ability and incentive to bring the relevant assets to bear seamlessly on the client's behalf. We aspire to build an organization that can rise to that opportunity. Monitor simultaneously possesses leading edge capabilities in relevant areas, and is founded on organizational principles that allow it to bring together the specific package of skills and assets required to serve the needs of individual clients. We are pursuing this strategy not because it is easy, but because it is needed. Our experience indicates that clients need customized suites of services -- and our successes confirm that assessment. We know it is hard to implement and will be harder to sustain a strategy that responds to those needs. It requires creating almost an entirely new organizational form, one which can harness a diverse array of intellectual, technological and financial assets and put them to work for clients in tailored combinations, globally. This strategy is predicated on our sustaining leadership in multiple, challenging disciplines. It demands that we pioneer new ways to intervene in clients' organizations to catalyze change, and that we accept new ways of being compensated. All of this represents challenge, but this is the type of challenge that is worth undertaking. We are doing this not just to be different from our traditional competitors, but to be differentiated in our marketplace. We are confident that we'll achieve for ourselves that which we seek for our clients -- a differentiated, winning position in our competitive marketplace. In addition, we believe this type of challenge attracts the very people we need to succeed by providing them with more than the opportunity to work for a well regarded professional services firm. Rather, we're offering them the opportunity to join a firm that provides rich learning experiences and multiple career paths, and that rewards and promotes people based on the value they create, not on arbitrary measures such as seniority. Most importantly, we invite them to help build an entrepreneurial group which is seeking to do nothing less than redefine how an entire industry works. In our view, that is a worthy ambition. |