“Shaping the Future. Together”• The Boston Consulting Group is a global management consulting firm.• The world’s leading advisor on business strategy.
Background • Throughout their 50 years of existence, BCG has grown from 2 consultants to 6,200 in more than 70 locations around the world. • Bruce D Henderson who founded the company had the conscience to “Consistently challenge both classic economic theory and current business practice” (BCG, 1964)
Mission The Boston Consulting Group is a global management consulting firm and the worlds leading advisor on business strategy. They partner with clients to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises
Mission Continued..• BCG looks to be agents of change• They are committed to: – Creating competitive advantage through unique solutions – Building capabilities and mobilizing organizations – Driving sustainable impact – Providing unparalleled opportunities for personal growth – Succeeding together with passion and trust
Leadership• Rich Lesser Partners and Managing Directors – President and CEO • Paul Tranter• Jeremy Barton • Vaishali Rastogi – General Counsel • Tawfik Hammoud• Debbie Simpson – CFO
Leadership Continued.. Senior Partners and Managing Directors• Frans Blom • Takashi Mitchi• Pascal Cotte • Thomas Reichert• Matthew Krentz • David Rhodes• Andy MaGuire • Janmejaya Sinha• Sharon Marcil • Daniel Stelter• Hubertus Meinecke • Christian Veith
Core Values• Integrity• Respect for the Individual• Delivering Value• Making an Impact on Society
Personal Values• Responsibility, change it’s clients organizationand strategy• Power change the rules of an industry• Building relationships with associates and clients• Out-of-the-Box thinking and Expertise
How Values Drive the Company• We are committed to creating value for our clients that returns many multiples of their investment.• We deliver tangible and positive change, not simply presentations or ideas.• We set our standard for value creation extremely high. – At BCG, value creation requires that our work deliver insight and change the mindset of our clients. – We hold ourselves accountable to our value delivered standards by engaging candidly within BCG and with clients about the level of value created by our joint efforts.
Profitability• 2007 – 2.4 Billion Revenue• 2009 – 2.75 Billion Revenue• 2010 – 3.05 Billion Revenue• 2011 – 3.05 Billion Revenue• 2012 – 3.7 Billion Revenue• Over the past 5 years BCG has increased it’s profitability by One Billion Dollars.• Caring does not always equal profitability
Social Responsibility“ We believe that it is a responsibility for a firm such as ours to seek to have a beneficial impact on the world around us.” (Hans-Paul Bürkner, Chairman)• Goal is to improve the living conditions of those in need.• Completed roughly 200 social-impact projects with about 120 organizations world wide.
What is Done Right• BCG is all about Making a Difference• Their social-impact work is conducted on two fronts: through their global and their local partnerships. They structure their efforts along eight topic areas: – The environment – Poverty and hunger – Public Health – Education – Community and economic development – Arts and culture – Corporate social responsibility – Philanthropy
Relationship with Employees• BCG is a very family oriented company that offers an excellent benefit package to its employees
Rationale• Employee affiliation at all levels is very crucial at BCG, in order to support affiliation, committees are formed within the office for the sole purpose of planning employee events. This includes but is not limited to – Staff lunches – Happy hours – Quarterly conferences – Ad hoc events – Annual holiday party – Company retreats.
Path Towards Excellence• Wendy Woods • Ulrich Villis – Global Leader of Social – Co-leader of Social Impact Practice Impact Practice – Member of Health Care – Works on Practice poverty, hunger, and – Focuses on worldwide undernuitrition projects. health care issues.