Best Practices: Company Naming

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Best Practices: Company Naming

Two companies that are similar to Al Capital Advisors are Accenture and PwC. Both companies are considered management consulting companies.

Accenture

Website:

  • The link to the company's website can be found here.

Similarity:

Company Overview:

  • The company was founded in 1989 and became the leading global professional services company.
  • Accenture provides its services to over 120 countries.
  • The company received awards and recognition worldwide, one of which is they ranked 36th on Fortune’s World’s Most Admired Companies.
  • The company's core values include client value creation, one global network, respect for the individual, best people, integrity, and stewardship.

How The Company was Named:

  • In 2001, Andersen Consulting adopted its current name, "Accenture" which is submitted by a Danish employee as part of an internal competition. The word "Accenture" is derived from "Accent on the future".

PwC

A link to the company's website can be found here.

Similarity:

Company Overview:

  • PwC is a network of firms in 157 countries with more than 223,000 people.
  • The company's specialties include assurance, tax, and advisory.
  • PwC provides services in 26 industries.
  • The company provides its expertise in educational institutions, the federal government, non-profits, and international relief agencies.

How The Company Was Named:

  • The PricewaterhouseCooper's name was formed by the combination of the names of Price Waterhouse and Coopers & Lybrand, following their merger in 1998.
  • In 2010, PricewaterhouseCoopers rebranded and shortened its brand name to PwC, although the legal name of the firm remained PricewaterhouseCoopers.

Research Strategy:

We initiated our research by looking at each company's website and LinkedIn accounts which provided the reasons why they are similar to Al Capital Advisors, an overview of the company, and information on how it was named. We also used a source that is dated older than 2 years which utilized for providing history on the naming of the company. We also used the AI Capital Advisors' website to provide the similarities of each company.
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Best Practices: Company Naming 2

Three companies that are similar to AI Capital Advisors are Bain & Company, AlixPartners, and Deloitte Consulting. These companies were chosen based on their similarity to AI Capital Advisors because they are all consulting firms that focus on business finance and operations and specialize in similar areas, including management consulting, business strategy, investment, and corporate finance. These three companies have a similar history when it comes to how they were named, as each is named after one of its founders.

About AI Capital Advisors

  • AI Capital Advisors is also known as Alternative Investment Capital Advisors.
  • The company serves as a financial and operational consultancy.
  • The company specializes in management consulting, investment, financing, business strategy and venture advisory.
  • The company's client base includes entrepreneurs, startups, and institutions, (i.e. businesses of all types).

#1: Bain & Company

Company Overview:

  • A link to this company's website can be found here.
  • Bain & Company is a consulting firm that operates at the global level, with 58 offices in 37 countries.
  • This company has won numerous awards and is a partner of the World Economic Forum.
  • Bain & Company is named after it's founder, William W. Bain, Jr.
  • William Bain got his start in consulting in 1967 at Boston Consulting Group after making a good impression on the founder, Bruce Henderson, despite Bain having limited knowledge of business.
  • After quickly rising to the top of the ranks at BCG, Bain eventually left the company with his colleague, Patrick Graham, to launch Bain & Company, which was founded in 1973.

Why It's Similar to AI Capital Advisors:

#2: AlixPartners

Company Overview:

Why It's Similar to AI Capital Advisors:

  • AlixPartners is also a consultancy in the arena of business operations and finance.
  • AlixPartners also specializes in management consulting, business strategy, and advises companies in the financial services industry.
  • AlixPartners serves businesses around the world.

#3: Deloitte Consulting.

Company Overview:

  • A link to this company's website can be found here.
  • Deloitte is a consulting firm that operates in 150 countries.
  • They have won numerous awards and serve a wide variety of industries
  • The firm's name 'Deloitte' is the result of the company's history, which originally began with two separate accounting firms, Haskins & Sells (which later became Deloitte Haskins and Sells, with the inclusion of accountant, William Welch Deloitte) and Touche, Niven & Company. In the 1980s, these two companies merged to become Deloitte & Touche. In 1995, the partners at Deloitte & Touche "voted to create Deloitte Consulting."

Why It's Similar to AI Capital Advisors:

  • Deloitte is also a consultancy in the area of business operations and finance.
  • Deloitte also specializes in financial advisory services and investment management.
  • Deloitte serves a variety of businesses but also specializes in private businesses, which can logically be assumed to include entrepreneurial businesses, startups, (as these types of businesses are commonly privately held) and private enterprises.
Sources
Sources