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Boston Consulting Group

Boston Consulting Group

Boston Consulting Group is a global management consulting firm founded in 1963 by Bruce Henderson.

Boston Consulting Group (BCG) is an American management consulting firm founded in 1963. The firm is one of the world's three largest strategy consulting firms by revenue. The firm aims to help corporations and organizations innovate and find sustainable competitive advantages.

Services

The firm provides strategic advisory services related to innovation and product development, marketing and sales, mergers and acquisitions, divestitures, change management, corporate development, and finance. The firm partners with clients in all sectors and regions to identify their opportunities, address their challenges, and help develop their businesses. The industries the Boston Consulting Group participates in include:

  • Automotive and Mobility
  • Biopharmaceuticals
  • Consumer Products
  • Education
  • Engineered products and Infrastructure
  • Financial institutions
  • Health Care payers, providers, and services
  • Insurance
  • Media and Entertainment
  • Medical Devices and Technology
  • Metals and Mining
  • Oil and Gas
  • Power and Utilities
  • Principal Investors and Private Equity
  • Process Industries
  • Building Materials
  • Public Sector
  • Retail
  • Technology industries
  • Telecommunications
  • Transportation and Logistics
  • Travel and Tourism
History

Boston Consulting Group was founded in 1963 by Bruce Henderson as a consulting division of the Boston Safe Deposit and Trust Company. Initially the division advised clients of the bank, with the billings for the first month at $500.

Perspectives

In 1964, in an attempt to grow and market the consulting division, Bruce Henderson began publishing Perspectives, which were brief essays on strategy and industry. The small essays were published in a brochure which were small enough to fit in a coat pocket. These essays started as excerpted ideas from other publications, but soon Bruce Henderson and colleagues delivered their own ideas, including the growth share matrix and time-based competition.

With the success of their early Perspectives campaign, Boston Consulting Group has continued to publish industry analysis and reviews to evaluate changes and trends across the industries. This includes the publication of a strategy book for developing business strategies post-COVID-19 pandemic and the resulting economy.

Independence

In 1966, Boston Consulting Group acquired T.F.M. Adams and opened an office in Tokyo.

Bruce Henderson, in 1974, arranged an employee stock ownership plan so the employees could purchase the consulting division from The Boston Safe Deposit and Trust Company and take the consulting division independent. The company achieved independence in 1975.

Timeline

December 10, 2020
Mai-Britt Poulsen new leader of Boston Consulting Group in UK, Netherlands, and Belgium.
December 9, 2020
Boston Consulting Group appoints Paul O'Rourke as global cybersecurity leader
December 4, 2020
Boston Consulting Group announces plans for $18 million Atlanta expansion, hiring 331 new employees.
November 17, 2020
Boston Consulting Group named a digital transformation services leader in independent research report
November 17, 2020
Boston Consulting Group promotes Joe Butler and Koen Alfrink to partner
October 26, 2020
Boston Consulting Group and Microsoft collaborate to launch BCG's catalyst cloud solution on Azure, a scalable and extensible data platform for the Bionic Corporation
October 6, 2020
Boston Consulting Group publishes new strategy book for building sustainable business advantage in post-COVID era
September 1, 2020
Rich Lesser, CEO of Boston Consulting Group, announced a new climate commitment for the firm that will deliver net-zero climate impact by 2030.
June 18, 2020
Leo Andronis joins Boston Consulting Group as a partner in its Madrid office.
June 10, 2020
AI firm DataRobot has acquired Boston Consulting Group's Source AI.
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

BCG appoints Paul O'Rourke as global cybersecurity leader

Consultancy.com.au

Web

December 9, 2020

BCG Collaborates with Tencent Marketing Insight to Release 2020 BCG x Tencent Digital Luxury Report

Business Wire

Web

September 25, 2020

BCG Named a Digital Transformation Services Leader in Independent Research Report

Boston Consulting Group (BCG)

Web

November 17, 2020

BCG promotes Joe Butler and Koen Alfrink to partner

Consultancy.com.au

Web

November 17, 2020

BCG to Achieve Net-Zero Climate Impact by 2030

Boston Consulting Group (BCG)

Web

September 1, 2020

Boston Consulting Group Publishes New Landmark Strategy Book for Building Sustainable Business Advantage in Challenging Post-COVID Era

Boston Consulting Group (BCG)

Web

October 6, 2020

Consulting firm plans $18M Atlanta expansion, hiring 331

The Associated Press

Web

December 4, 2020

Tech Challengers Lead Innovation in Emerging Markets

Boston Consulting Group (BCG)

Web

November 17, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Martin Reeves
October 8, 2021
Harvard Business Review
Twelve strategies to help you bridge divides within your company -- and your broader community.
Boston Consulting Group (BCG)
May 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- Boston Consulting Group (BCG), one of the world's leading management consulting firms, today announced that Christoph Schweizer has been...
Mike Dorning
May 15, 2021
phys.org
Eleven Madison Park, a top Manhattan restaurant, is going meatless. The Epicurious cooking site stopped posting new beef recipes. The Culinary Institute of America is promoting "plant-forward" menus. Dozens of colleges, including Harvard and Stanford, are shifting toward "climate-friendly" meals.
Samantha Stokes
May 14, 2021
Business Insider
BCG is doling out thousands of Marriott hotel points to consultants, who normally rack up travel rewards while meeting with clients.
Eugene Hayden
May 9, 2021
Business Insider
Eugene Hayden has worked at BCG, Google, and KPMG. He says applying first principles thinking is the key to getting your foot in the door.
Marguerite Reardon
May 5, 2021
CNET
US schools are going back to in-person learning as COVID ebbs, but the so-called homework gap will persist.
April 23, 2021
WebWire
At the Leaders Summit on Climate a group of governments and companies announced the LEAF Coalition, an ambitious new public-private initiative designed to accelerate climate action by providing results-based finance to countries committed to protecting their tropical forests. This initiative aims to mobilize at least $1 billion in financing, kicking off what is expected to become one of the largest ever public-private efforts to help protect tropical forests, to the benefit of billions of...
Boston Consulting Group (BCG)
April 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- According to the latest report from Boston Consulting Group (BCG), Most Innovative Companies 2021: Overcoming the Innovation Readiness Gap, the...
Eugene Hayden
April 11, 2021
Business Insider
Eugene Hayden, who's previously worked at Google and BCG, says the majority of applicants lack quantifiable achievements in resumes.
Boston Consulting Group (BCG)
January 26, 2021
www.prnewswire.com:443
/PRNewswire/ -- Although retail banks globally have reacted to the COVID-19 crisis with speed, dexterity, and purpose--while remaining true to their...
Boston Consulting Group (BCG)
January 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, states, and...
Vinay Umarji
November 8, 2020
@bsindia
Top stipend for two-month internship at Rs 3.2 lakh, average at Rs 1.88 lakh and median of Rs 2 lakh in internship exercise for largest ever batch at the B-school
Walter Thompson
June 22, 2020
TechCrunch
In the rush to "help now," we cannot throw responsible AI out the window. In fact, in the age of COVID-19 is more important than ever before to understand the unintended consequences and long term effects of the AI systems we create.
Shalini Unnikrishnan
October 31, 2019
Harvard Business Review
Women-led companies outperform men-led firms over time, according to an analysis.
Jessica Galang
October 2, 2019
BetaKit
Ontario Teachers' Pension Plan has officially announced that it's launching an incubator with Boston Consulting Group's Digital Ventures.

References

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