CRA International

Charles River Associates (legally CRA International, Inc.) is a global consulting firm headquartered in Boston.[1] In 2009, the company acquired Marakon Associates.

CRA International, Inc.
TypePublic
NASDAQ: CRAI
Russell 2000 Component
IndustryLitigation and management consulting
Founded1965 (1965)
HeadquartersBoston, Massachusetts, U.S.
21 offices internationally
Key people
Paul Maleh
(President and CEO)
ProductsProfessional services
Websitewww.crai.com

Ranking

CRA is ranked in several categories in Vault's 2014 surveys:[2]

  • Economic Consulting (#6)
  • Energy Consulting (#11)
  • The Best Consulting Firms: Prestige to work for (#26)
  • Vault Consulting 50 (#13)

Practice areas

Their practices include: Aerospace & Defense, Antitrust & Competition Economics, Auctions & Competitive Bidding, Climate & Sustainability, Energy & Environment, Enterprise Risk Management, Financial Accounting & Valuation, Financial Markets, Financial Economics, Forensic Services, Insurance Economics, Intellectual Property, Labor & Employment, Life Sciences, Mergers & Acquisitions, Transfer pricing.[3]

CRAI acquired economic consultancy firm Lexecon in 2005.[4]

Marakon, which CRAI acquired on June 9, 2009, forms part of their management consulting practice.[5] Marakon Associates was founded in 1978 and pioneered value-based management from the mid 1980s based on the academic work of Dr. Bill Alberts.[6][7][8] This management principle, also known as managing for value (MFV), states that management should first and foremost consider the interests of shareholders when making management decisions.[9][10] Under this principle, senior executives should set performance targets in terms of delivering shareholder returns (stock price and dividends payments) and managing to achieve them.[11][12]

Alumni

CRA

Marakon

Lexecon

See also

References
  1. "NASDAQ - SEC Filing". secfilings.nasdaq.com. Retrieved 27 January 2019.
  2. "Charles River Associates-Company Review-Vault.com". Vault. Retrieved 27 January 2019.
  3. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile - Reuters.com". U.S. Retrieved 27 January 2019.
  4. "CRA International Completes Acquisition of the Former Lexecon Ltd Business; Acquisition of U.K.-Based Economic Consulting Firm Expands CRA's Global Reach And Strengthens Competition Practice". www.businesswire.com. 2005-06-16. Retrieved 2020-08-23.
  5. "CRA International Acquires Marakon Associates, A Leading Value Management Consultancy". www.businesswire.com. 2009-06-10. Retrieved 2019-05-08.
  6. Kilroy, Denis; Schneider, Marvin (2017). Customer Value, Shareholder Wealth, Community Wellbeing: A Roadmap for Companies and Investors. Springer. pp. 5, 12–16, 24–25. ISBN 9783319547749. The shift towards this approach gained momentum with the publication of The Value Imperative by McTaggart, Kontes and Mankins in 1994. ... Peter Kontes (a co-founder of Marakon Associates and one of the originators of MFV) pointed out … the central problem with EPS growth as standalone financial performance measure is that it can be purchased at any price. … the same telling point that Marakon partners first made with their clients in the mid-1980s. ... Marakon Associates, the firm that first developed the plan-based approach.
  7. Chandra, Prasanna (2007). Financial Management. Tata McGraw-Hill Education. p. 817. ISBN 9780070656659. Marakon Associates, an international management consulting firm founded in 1978, has done pioneering work in the area of value based management.
  8. Arnold, Glen; Davies, Matt (2000). Value-based Management: Context and Application. Wiley. pp. 39, 186. ISBN 9780471899860. In terms of differences in application, McTaggart et al. (1994) particularly emphasise both the process and content of strategic planning under their version of VBM. ... There was a further development in 1992 when the company hired the services of the strategy consultants Marakon Associates (McTaggart et al., 1994) and started a more serious and disciplined approach to VBM. It was at this time that the concept of economic profit was introduced to Lloyds managers.
  9. Ehrhardt, Michael; Brigham, Eugene (2008). Corporate Finance: A Focused Approach. Cengage Learning. p. 448. ISBN 9780324655681. Marakon Associates, a leading advocate of value-based management prides itself on having a single-minded view that a company should have one, and only one, goal – to increase shareholder wealth.
  10. Keuleneer, Luc; Verhoog, Willem (2005). Recent Trends in Valuation: From Strategy to Value. John Wiley & Sons. p. 136. ISBN 9780470862315. The partners of Marakon Associates … [are] convinced that top management needs to take responsibility for continuous reinforcement of VBM ideas through their communication and decisions.
  11. Fernandez, Pablo (2002). Valuation Methods and Shareholder Value Creation. Elsevier. p. 265. ISBN 9780080520377. Measuring a firm’s “value creation” for its shareholders … EP (economic profit), which is the book profit less the equity’s book value multiplied by the required return to equity … Also called residual income. See McTaggart, Kontes, and Makins (1994, page 317), a book published by the Marakon Associates.
  12. Gillis, Scott; McTaggart, James (1998). "Setting targets to maximize shareholders value". Strategy & Leadership. 26 (2): 18–21. doi:10.1108/eb054614. ISSN 1087-8572.

Further reading
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