Global net wealth staged a significant recovery in 2023, driven by buoyant equity markets. Looking ahead, we anticipate $92 trillion of new financial wealth will be created over the next five years. To capitalize on this growth, industry players must embrace digital transformation and leverage GenAI for cost management and enhanced client experiences. Explore the challenges and opportunities facing wealth managers in BCG’s Global Wealth Report 2024. https://on.bcg.com/3RXdBco
Boston Consulting Group (BCG)
Business Consulting and Services
Boston, Massachusetts 4,476,763 followers
About us
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place. BCG Privacy Policy: https://www.bcg.com/about/privacy-policy.aspx
- Website
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http://www.bcg.com
External link for Boston Consulting Group (BCG)
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
- Headquarters
- Boston, Massachusetts
- Type
- Partnership
- Founded
- 1963
- Specialties
- Consumer insight, corporate development, corporate finance, digital economy, globalization, growth, information technology, innovation, marketing & sales, operations, people & organization, postmerger integration, risk management, strategy, sustainability, and transformation
Locations
Employees at Boston Consulting Group (BCG)
Updates
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The International Energy Agency (IEA) says global demand for oil will peak before 2030. What are the business implications of a post-peak world?
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Employees embracing AI report a boost in productivity and less time spent on mundane tasks. However, with increased confidence comes growing anxiety about job security. BCG X’s latest study of 13,000 employees examines how sentiments are shifting as GenAI moves from hype to putting the technology to work. https://on.bcg.com/3XQm5FT How are you leveraging AI in your workplace? Share your experiences in the comments.👇
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Corporate leaders are facing mounting pressure to reduce costs. BCG’s proven framework can deliver cost reduction that improves operations and is sustainable over time. According to BCG’s Namit Puri: “Accelerated margin advantage is not about enhancing a few points of profitability. It is about creating “fuel” for breakout growth, investing in new strategic frontiers, and creating competitive advantage. Today's ever-changing economic and geopolitical landscape means that companies are faced with unexpected turbulence. The BCG toolkit offers not just a significant one-time impact but also creates muscle for sustained results as the surrounding landscape inevitably evolves.” Learn more about BCG’s four principles for cost excellence: https://on.bcg.com/4bBdUjQ
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Our global analysis shows that only 1 in 4 transformations deliver value-creating, enduring change. A 75% failure rate is sobering for any CEO mulling a transformation path. When change fails to deliver short- and long-term value for a company, it can land a CEO in the unenviable position of having led a failed transformation. We highlight five truths that CEOs can embrace to improve their chances of leading a successful transformation, as well as a common lie they should never tell themselves. Take a look at our brief insights for CEOs here: https://lnkd.in/ePEp9Y3c
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BCG has been honored with awards for Best Leadership Teams and Best Career Growth for 2024 by Comparably! We believe that great leadership and ample career growth opportunities are key to our success. This recognition is a testament to our pursuit of excellence and the incredible efforts of our dedicated team members. Discover why BCG is a top choice for career growth and leadership development: https://on.bcg.com/3RQJvXS
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Our Boston office has been at the epicenter of some of our most influential ideas, including the firm’s support of global public health and the fight against malaria, HIV, and tuberculosis. Today the office remains at the forefront of innovative thinking in financial services, industrial goods, consumer goods, retail, and tech. Located in the city's bustling Seaport district, the office is home to diverse groups of functions and cohorts, working in a space designed for collaboration. Learn more about current openings in Boston and other US offices: https://on.bcg.com/3xq5nm4
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At last week's Breakthrough Energy Summit, BCG's Sonya Hoo sat down with Jason Trusley, SVP and Chief Strategy Officer at Land O'Lakes, Inc.', to discuss sustainability in the food and agriculture industries. It's not enough to have a sustainability strategy. Food and agriculture industries must focus on creating value by demonstrating the economic and financial benefits for farmers, companies, and governments. Investing in sustainability doesn't mean higher consumer prices. The challenge is funding the transition to regenerative agriculture without causing inflation, requiring industry-wide collaboration. Driving practice changes at the farm level is essential for a sustainable future. Learn more about BCG's work in agribusiness industry: https://lnkd.in/eDXut4wT
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We are proud to announce that BCG has been named a Leader in Innovation Consulting Services by Forrester, an independent research firm that assesses top vendors in the market. The report recognizes BCG for its “multidisciplinary innovation practice with deep data and accelerator assets” and its “ability to create C-suite alignment, applying rigorous innovation measurement and providing sector-specific innovation talent.” In Forrester’s assessment, BCG was the only vendor to receive the highest possible score (5.00) in the ‘Approach: Innovation Thought Leadership’ criterion. In particular, Forrester cited BCG’s Center for Growth and Innovation Analytics (GIA) and BCG’s flagship Most Innovative Companies report, which evaluates and explains the state of corporate innovation and has been published annually since 2005. Discover what we believe sets BCG apart in the full Forrester report: https://on.bcg.com/4crep1k
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According to our research with the Massachusetts Institute of Technology (MIT), 62% of experts believe that current AI risk management strategies are not keeping pace. The swift advancement of technology, uncertain risks, and changing regulations make deploying and scaling AI complex—especially while maintaining safety, security, and compliance. Here are the effective strategies that our AI experts recommend to manage these risks. https://on.bcg.com/4buFwag