Boston Consulting Group Insights

Please see below selected intelligence about Boston Consulting Group.

 

June 2016

 

 

• Boston Consulting Group announced a partnership with startup accelerator, MassChallenge. The two firms will collaborate to connect BCG's clients with leading startups in the US, the UK, and Israel. MassChallenge will help BCG support the digital transformations of its clients across industries and give insights into the latest trends and innovations. BCG staff will take part in judging and mentoring MassChallenge startups and will participate in MassChallenge innovation workshops, its Global Bridge Summit, and other events with startups throughout the year.

 

 

 

April 2016

 

 

• Boston Consulting Group formed an alliance with Opportunity Network, which “provides a platform through which banking clients can seek trustworthy partners to help them expand into new markets, sell privately held enterprises, execute cross-border M&A, and maximise asset utilisation on a global level". Boston Consulting has taken a minority share in Opportunity Network, and the global leader of its Financial Institutions practice, Lionel Aré, has joined the board.

 

 

 

March 2016

 

 

• The partners of BCG elected Zurich-based senior partner Pia Tischhauser as a member of the firm's global Executive Committee. She joined the firm in 1998 and was elected partner in 2006. Last year she was appointed leader of BCG's global Insurance practice. At BCG, Tischhauser has worked on four continents for almost two decades, including in the firm's Chicago, London, and Zurich offices. She has played a key role in expanding BCG's footprint in insurance in mature and emerging markets, and she has worked intensely with international insurers in Asia, Latin America, and the Middle East, applying BCG’s expertise in industry transformation, strategy, digital, and operational effectiveness and simplification.

 

 

• Boston Consulting Group announced that it reached the milestone of $5.0 billion in global sales last year, powered by organic revenue growth of 19% at constant exchange rates. In fuelling this growth, the firm increased its worldwide workforce to 12,000. BCG also announced the opening of three new offices this year -- in Lagos, Lima, and Denver -- enlarging its global footprint to 85 offices in 48 countries. CEO Rich esser, who was reelected to a second three-year term last year, said that the firm's investments in new businesses were also clearly paying off. As examples, he cited BCG Digital Ventures, a digital innovation, corporate venturing, and incubation business unit that started in early 2014, and last year's acquisition of BrightHouse, LLC, a pioneer in purpose-driven consulting.

 

 

 

February 2016

 

 

• Boston Consulting Group signed a global alliance with the United Nations Office for Project Services. BCG said that the new partnership will enable both parties to “leverage their strengths for joint advisory-service work across the social sector in the areas of health, disaster relief, environment, education, nutrition, policy, peace building, infrastructure, national capacity, and resilience”.

 

 

 

October 2015

 

 

• Boston Consulting signed a global partnership alliance with Yunus Social Business, which applies business approaches to the world of social development, bridging the gap between social businesses and philanthropic donors.

 

 

• The Boston Consulting Group (BCG), announced the launch of its newest global practice area, Principal Investors & Private Equity (PIPE). Led by Tawfik Hammoud, a senior partner based in the company's Toronto office, the new practice area consolidates BCG’s decades of experience in principal investing and private equity under a newly expanded global platform in order to more quickly bring the firm’s expertise and insights to clients.

 

 

 

September 2015

 

 

• BCG Digital Ventures launched an expanded Global Innovation and Investment Center in California. The expansion will serve to house co-located, incubated start-ups that can be more easily integrated within large global corporations. The firm is dedicated to inventing, building and launching category-changing businesses at start-up speed for the world’s most influential companies, and to expand a growing team of engineers, designers, product managers and operations specialists. BCG Digital Ventures has more than 300 employees globally, most of whom are located in the Manhattan Beach headquarters, with the balance located in Berlin, London and Sydney.

 

 

 

August 2015

 

 

• The Boston Consulting Group recently published a piece analysing the shrinking life expectancy of corporations. BCG noted, “US public companies are perishing sooner than ever before. Since 1950, the total life span of companies and the length of time that their shares are publicly traded have significantly decreased. Companies don’t just die younger; they are also more likely to perish at any point in time. Today, almost one-tenth of all public companies fail each year, a fourfold increase since 1965. The five-year exit risk for public companies traded in the US now stands at 32%, compared with the 5% risk they would have faced 50 years ago.

 

 

• The Boston Consulting Group (BCG) announced that it had acquired a minority stake in TSG Consulting, one of the world's leading advanced analytics firms specialising in simulation and optimisation. The size of the stake and the investment were not disclosed. An exclusive strategic partnership between the two firms will bring leading-edge advanced modelling capabilities to a broader range of clients worldwide, according to both firms. TSG Consulting, which has a heritage in mining and resources,has capabilities which extend across capital and operations modelling in mining and resources, healthcare, transportation as well as emerging experience in telecommunications, manufacturing, and building materials. TSG has three offices in Australia and one in Chile.

 

 

 

May 2015

 

 

• Seeking to deepen its expertise in organisational transformation and bring the power of creativity to positively impact business, The Boston Consulting Group (BCG) announced the acquisition of BrightHouse, LLC, a global consultancy with a top reputation in purpose-driven consulting, a field it pioneered and has continued to lead for 20 years. BCG also announced the hiring of Doug Shipman, founding CEO of the National Centre for Civil and Human Rights in Atlanta and a BCG alumnus, as incoming CEO of BrightHouse. BrightHouse will operate as a stand-alone business unit within BCG and will retain its top leadership team. Founder Joey Reiman - a well-known authority on leadership, marketing, and creativity - will remain actively involved as Chairman. Cathy Carlisi will stay as President and Chief Creative Officer, and Dolly Meese will continue as Executive Vice President and Chief Strategy Officer. Based in Atlanta, BrightHouse works with organisations to define their true purpose and then align their culture, strategy, and branding around that purpose to accelerate transformation and value creation, while positively impacting society.

 

 

• Boston Consulting  announced the establishment of The Bruce Henderson Institute, to honour and celebrate Bruce Henderson, the firm's founder, on the hundredth anniversary of his birth. Boston said the institute will “develop and translate innovative ideas from within and beyond business to help influence how organisations think about strategy and execution. With a global focus, the institute will examine the implications of the major trends and discontinuities affecting businesses and societies”.

 

 

 

April 2015

 

 

• Boston Consulting Group announced a strategic partnership with software firm CAST to address software-related risk and productivity issues. CAST’s software-analysis capabilities will complement BCG’s leading approaches for managing software environments and software delivery transformation. Through automated software analysis and benchmarking, BCG teams have improved their ability to objectively qualify and quantify the risk inherent in application environments and individual platforms using standardised metrics.

 

 

 

March 2015

 

• Richard I. Lesser was reelected for a second three-year term as the Boston Consulting Group’s (BCG) President and Chief Executive Officer, effective 1 October 2015. BCG’s more than 850 partners reelected Lesser after its 2014 results were announced, which included 17% global revenue growth and an 8% increase in staff (up 800), bringing total BCG staff to 10,500. Each BCG partner has one vote in the CEO election, as well as in other major management decisions, regardless of seniority - details.

 

 

January 2015

 

• BCG Perspectives recapped its most read articles of 2014.

 

OCTOBER 2014 - The Most Innovative Companies 2014

JUNE 2014 - Global Wealth 2014: Riding a Wave of Growth

AUGUST 2014 - The Shifting Economics of Global Manufacturing

OCTOBER 2014 - Decoding Global Talent

JULY 2014 - The Global Workforce Crisis: $10 Trillion at Risk

JANUARY 2014 - How Millennials Are Changing the Face of Marketing Forever

MARCH 2014 Why Managers Need the Six Simple Rules

JUNE 2014 - BCG Classics Revisited: The Growth Share Matrix

 

MARCH 2014 - Using Business Model Innovation to Reinvent the Core.

 

 

 

 

September 2014

 

• BCG’s Digital Ventures affiliate acquired Australia-based S&C, a strategic-design consultancy. BCG Digital Ventures was launched in January as a digital-innovation product development and commercialisation firm. The acquisition will expand the firm’s local-market capabilities and accelerate its Asia Pacific expansion - details.