[4] He is the Leonard Spacek Professor Emeritus at Kellogg School of Management at Northwestern University and was chairman of Chicago consulting firm The Alcar Group,[1] with his ideas influential in Management consulting.
In 1979, he co-founded The Alcar Group in Skokie, Illinois with Carl Noble Jr,[5] and served as its chairman.
[6] Alcar designed financial modeling products used to analyze the monetary impact of various business strategies, including mergers and acquisitions, divestitures and debt restructuring.
[9] From the mid-1990s, the company pioneered value-based management (VBM), based on Rappaport's academic work.
[1] He was a regular contributor to The Wall Street Journal, The New York Times, Fortune, BusinessWeek,[1] and the Harvard Business Review.