This article needs to be updated.May 2020)(
|Headquarters||Boston, Massachusetts, United States|
Number of locations
|More than 90 offices|
|Rich Lesser (CEO)|
|Revenue||$8.5 billion (2019)|
Number of employees
Boston Consulting Group (BCG) is an American management consulting firm founded in 1963. The firm has more than 90 offices in 50 countries, and its current CEO is Rich Lesser. BCG is one of the three biggest employers in management consulting, known as MBB or the Big Three. BCG alumni hold many top management positions in the world economy.
The firm was founded by Bruce Henderson in 1963 as part of The Boston Safe Deposit and Trust Company. Henderson had previously been employed at Arthur D. Little. In 1973, Bill Bain and others left BCG to form Bain & Company. In 1974, Henderson arranged an employee stock ownership plan so that the employees could make the company independent from The Boston Safe Deposit and Trust Company. The buyout of all shares was completed in 1979.
As part of the federal government's auto bailout program, Boston Consulting Group was paid as much as $7 million to advise General Motors and Chrysler to help costs and overhaul operations.
In January 2020, long-time BCG director Lisa Ellis-James left the consultancy to join Ogletree Deakins as COO.
Insiders estimate that BCG North American offices receive around 10,000 resumes every year for the associate position.
Senior associates have the opportunity to work abroad through BCG's exchange program. Many associates are also sponsored by the firm to attend business school. As is typical for the top strategy consultancies, BCG practices an "up or out," or forced attrition, system, in which employees must leave the company if they fail to achieve a promotion within a fixed time frame.
BCG uses the case method to conduct interviews. This technique is designed to simulate the types of problems inherent in management consulting and to test the qualitative and quantitative skills deemed important for abstract thinking in a business setting. Generally, the interview process consists of two rounds.
In the 1970s, BCG created and popularized the "growth–share matrix," a chart to help large corporations decide how to allocate cash among their business units. The corporation would categorize its business units as "Stars," "Cash Cows," "Question Marks," or "Dogs," and then allocate cash accordingly, moving money from Cash Cows toward Stars and Question Marks, which have higher market growth rates and hence greater upside potential.
BCG extended business units
BCG Digital Ventures
BCG Digital Ventures partners with companies to research, design, and launch new products and services. Ware2Go (a logistics platform developed with United Parcel Service), Tracr (a blockchain-based supply chain tracker developed with De Beers) and OpenSC (a supply chain tracker developed with the World Wide Fund for Nature) are projects backed by BCGDV.
BCG GAMMA applies data science, analytics, and artificial intelligence to identify competitive advantages.
BCG Omnia translates strategy expertise into software and data solutions.
BrightHouse, a BCG Company
BrightHouse is a creative consultancy.
Expand, a BCG Company
Expand offers research and syndicated benchmarking for financial institutions.
INVERTO, a BCG Company
INVERTO is an international management consultancy and one of the specialists for strategic purchasing and supply chain management in Europe.
On January 19, 2020, The New York Times identified the Boston Consulting Group as having facilitated Isabel dos Santos's exploitation of Angola's natural resources while the country suffers from poverty, illiteracy, and infant mortality. The Times said BCG was contracted by the Angolan state-owned petroleum company Sonangol Group as well as the jewelry company De Grisogono, owned by her husband through shell companies in Luxembourg, Malta, and the Netherlands; the firm was reportedly paid through offshore companies in tax havens such as Malta.
Notable current and former employees
Every year, BCG publishes articles, industry reports, government commissioned studies, and books relating to particular industries or authorial practice areas. Many partners have written books on management issues:
- Silverstein, Michael J.; Fiske, Neil (2003), Trading Up: Why Consumers Want New Luxury Goods and How Companies Create Them, ISBN 978-1591840800.
- Andrew, James P.; Sirkin, Harold L. (2006), Payback: Reaping the Rewards of Innovation, Harvard Business School Press, ISBN 978-1422103135.
- Evans, Philip; Wurster, Thomas S. (2000), Blown to Bits: How the New Economics of Information Transforms Strategy, ISBN 978-0875848778
- Silverstein, Michael J.; Butman, John (2006), Treasure Hunt: Inside the Mind of the New Consumer, ISBN 978-1591841234
- Duck, Jeanie Daniel (2002), The Change Monster: The Human Forces that Fuel or Foil Corporate Transformation and Change, ISBN 978-0609607718
- ""Boston Consulting Group Hits $6.3 Billion in Sales"". March 8, 2018.
- ""Rich Lesser"".
- ""Boston Consulting Group Revenues Reach $8.5 Billion"". March 12, 2020.
- "BCG History - The History of Boston Consulting Group". bcg.com. Retrieved October 10, 2019.
- "BCG Global Office Directory – Find an Office Near You". bcg.com. Retrieved October 10, 2019.
- "MBA graduates' love affair with consultancy endures".
- "Bruce Henderson, 77, Consultant And Writer on Business Strategy". nytimes.com. Retrieved April 13, 2020.
- Gant, Tina (December 2003). International Directory of Company Histories. St. James Press. ISBN 978-1-55862-503-7. Retrieved April 13, 2020.
- "Lisa Ellis-James leaves BCG, joins law firm as COO". www.consulting.us. January 24, 2020. Retrieved March 3, 2020.
- "Interview Insider: How to Get Hired at the Boston Consulting Group". cosmopolitan.com. Retrieved April 15, 2020.
- "Internships". bcg.com. Retrieved April 15, 2020.
- "Lotte Is an Imaginative Visionary". bcg.com. Retrieved April 15, 2020.
- "BCG Fellows MBA Scholarship Program". bcg.com. Retrieved April 15, 2020.
- "BCG Company Guide". transparentcareer.com. Retrieved April 15, 2020.
- Perlow, Leslie (2012). Sleeping With Your Smartphone: How to Break the 24/7 Habit and Change the Way You Work. p. 228. ISBN 9781422144046.
- "Consultant Interview Preparation and Practice Cases". bcg.com. Retrieved April 15, 2020.
- "What's Different Between a First Round and Final Round Interview at Bain, BCG or McKinsey". casecoach.com. Retrieved April 15, 2020.
- "How to use the BCG Matrix model". smartinsights.com. Retrieved April 19, 2020.
- "What Is a BCG Matrix?". businessnewsdaily.com. Retrieved April 19, 2020.
- "BCG DV".
- Chhabra, Esha (January 31, 2019). "The WWF backs blockchain to unpick messy food supply chains". Wired.com. Wired. Retrieved January 17, 2020.
Funded by BCG Digital Ventures, an investment and incubation arm of Boston Consulting Group, OpenSC is designed as a self-sustaining “profit-for-purpose” venture.
- Redmayne, James (January 23, 2019). "From bait to plate: Blockchain platform tracks food's journey". Reuters.com. Reuters. Retrieved January 17, 2020.
OpenSC evolved from a WWF-led project that used blockchain to track tuna caught in the Pacific Ocean. BCG Digital Ventures was brought in to help build the platform.
- Kilian, Annie (May 24, 2018). "Signet joins De Beers' Tracr blockchain platform pilot". miningweekly.com. Mining Weekly. Retrieved January 17, 2020.
It is being developed by De Beers, with support from BCG Digital Ventures, and is expected to launch later this year.
- Brennan, Morgan (August 28, 2018). "UPS launches Ware2Go, a platform aimed at helping small- and mid-sized businesses expand". cnbc.com. CNBC. Retrieved January 17, 2020.
Ware2Go will be based in Atlanta and is partially owned by BCG Digital Ventures.
- "BCG Gamma".
- "BCG Platinion".
- [thecambridgeconsultant.com/where-next-for-consulting/ "What Is The Future of Consulting?"] Check
- "Accelerating Insights with Data and Software Solutions". Boston Consulting Group. Retrieved April 2, 2020.
- "BCG - BrightHouse". Retrieved March 12, 2020.
- "Expand Research - About Us". Retrieved March 12, 2020.
- "INVERTO, a BCG Company".
- Forsythe, Michael; Gurney, Kyra; Alecci, Scilla; Hallman, Ben (January 19, 2020). "How U.S. Firms Helped Africa's Richest Woman Exploit Her Country's Wealth". The New York Times. ISSN 0362-4331. Retrieved January 19, 2020.