The Boston Consulting Group (BCG)-simplified

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Introduction 

The Boston Consulting Group, Inc. (BCG) provides management consulting services headquarters in Boston, United States. BCG is Founded by Bruce Henderson in 1963, BCG now employs 21,000 people in 90 cities globally.

 Privately owned management consulting firm. One of the largest consulting firms in the world, BCG provides consulting services to help companies grow, compete, and attain profitability in their industries. . The Company specializes in education, biopharmaceuticals, automotive, energy, financial, insurance, media, technology, mining, private equity, process industries, social impact, telecommunication, transportation, and tourism consulting services.

 The firm also advises companies on data science capabilities, IT architecture design, identifying and achieving the business purpose, and building and investing in new digital businesses. BCG utilizes its proprietary growth share matrix to help companies decide how to allocate resources among different businesses. The firm partners with companies in the private, public, and non-profit spheres in industries ranging from biopharmaceuticals and education to mining and retail.

History

  • The firm was founded in 1963 as part of The Boston Safe Deposit and Trust Company.
  • In 1966, BCG opened its second office in Tokyo, Japan.
  • In 1967, Henderson met Bill Bain and offered him a role at the firm.
  • in 1973 Bain resigned from BCG to start his own strategy consulting firm, Bain & Company, hiring away six of BCG's employees.
  • In 1974, Henderson arranged an employee stock ownership plan
  • 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 concept of time-based competition, first introduced by BCG in the 1980s, is a demonstration of the power of time management.
  • in 1990, BCG acquired the Australian consulting firm of Pappas, Carter, Evans & Koop in the process of adding offices in Sydney and Melbourne, Australia, and Auckland, New Zealand.
  • In June 2021, BCG was hired to examine the feasibility of the country hosting the 2030 FIFA World Cup.

Revenue

Firm

Revenue (year)

Boston Consulting Group

$11 B (2021)

 

 

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