Boston Consulting Group
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The Boston Consulting Group (BCG) is a global management consulting firm and a leading advisor on business strategy founded by Bruce Henderson in 1963. BCG has 66 offices in 38 countries.
Contents
Education reformers
BCG has been accused of being a 'driving force' behind efforts to market-driven reforms of schools in the US. For example, the firm was hired in 2012 to radically overhaul Philadelphia's schools. As part of this, BCG reportedly identified up to 60 Philadelphia school buildings as potential candidates for closure and helped line up private vendors willing to replace the state's unionised workforce.[1]
Education reform: partnerships
The Boston Consulting Group 'partners' with a number of organisations leading education reform. These include:
- Teach for All: 'BCG has partnered with Teach For All since 2012, supporting global as well as national projects. We have collaborated with the organization's senior leaders as they think through their priorities in expanding Teach For All's global footprint and broadening the network, adding more member organizations, and other critical topics for the young organization.'[2]
- Bill & Melinda Gates Foundation: 'Since 2003, BCG has partnered with the foundation, supporting its global focus on enhancing health care and reducing extreme poverty in developing countries, as well as its work to strengthen education in the US.'[3]
- World Economic Forum. One of only 100 companies to hold the highest membership level among a total of 1000 companies'. BCG helps set the agenda for the World Economic Forum's Davos and other meetings. BCG says it has been collaborating on several new projects with the World Economic Forum, exploring a broad spectrum of topics including education, infrastructure, and health.'[4]
Education reform: people
- Jamie Martin: In early 2014 a strategy consultant at BCG, Jamie Martin, became a special adviser to then reform-minded education sectretary, Michael Gove. Martin describes himself as an 'expert on UK education system and industry... with an interest in start ups, technology, public sector reform' and '8 years consulting & education industry experience'.[5] Martin was also a policy adviser to Gove in opposition from March 2008 – July 2010, after which he worked for Deloitte before moving to BCG in 2012.
Martin worked as an adviser to Gove between February and August 2014. During this period, out of 14 declared meetings with outside interests, he met with: BCG twice (in April 2014), with BCG 'partner' Save the Children to discuss their education work (April 2014); with Future Leaders, which has close ties with BCG partner Teach For All(April 2014) and Teach First, which is a founder of Teach for All.Cite error: Closing </ref> missing for <ref> tag
- In January 2014 BCG also met Francis Maude, Cabinet Office minister and UK government reformer-in-chief, to discuss 'public sector reform'.
People
Hans-Paul Bürkner, chair of BCG
Notable current and former employees
Business
Indra Nooyi - CEO of Pepsi
Jeff Immelt - CEO of General Electric (MBA internship)
Gary M. Reiner - SVP and CIO of General Electric
William Browder - co-founder of Hermitage Capital Management
Gerald Corbett - CEO of Railtrack
Michael R. Eisenson - co-founder of Charlesbank Capital Partners, LLC, former managing director of the Harvard Management Company
Ahmed Fahour - CEO of the Australian operations of the National Australia Bank
Rob Ketterson - managing partner of Fidelity Ventures
Stefan Quandt - owner of Delton AG
Andreas Jacobs - Chairman of Barry Callebau AG
Jim Whitehurst - CEO of Red Hat, former COO of Delta Airlines
Neil Fiske - CEO of Eddie Bauer
Shinichiro Ishikawa - CEO of GDH K.K.
Michelle Peluso - President & CEO of Travelocity
Tom Layton - CEO of Opentable.com
Jim Koch - Founder & Brewmaster of Boston Beer Company
Dean Nelson - Chairman of Primedia & Former managing director of Capstone group at KKR
Michael Dornemann - Chairman & CEO of Bertelsman Entertainment
Andy Hornby - CEO of HBOS
Politics and Public Service
Ira Magaziner - Aide and policy advisor to President Clinton, CEO of SJS Advisors and co founder of Brown University's open curriculum
Benjamin Netanyahu - Prime Minister of Israel (1996-1999)
Steve Poizner - California businessman and Republican politician
Mitt Romney - Governor of Massachusetts, CEO of the 2002 Winter Olympics in Salt Lake City, co-founder of Bain Capital
Hans Wijers - Minister of Economic Affairs of the Netherlands (1994-1998), CEO of Akzo Nobel
Others
Kaz Uchida- Professor, Waseda University, Tokyo
[1]
Aiba Koji- Professor, Waseda University, Tokyo
John R. Wells - Professor, President International Institute for Management Development, Switzerland
Linda Bilmes - academic, Harvard Kennedy School of Government
Clayton M. Christensen - Robert and Jane Cizik Professor, Harvard Business School
Michael Chu - senior lecturer, Harvard Business School, Former partner KKR and a founding senior partner of Pegasus Capital
John Legend - musician
Jesse Ward - golf pro
Jehan Ratnatunga - Co-Founder of Ripple (charitable organisation) and a director of ibookr.com
Alex Michel - Star of the Bachelor, season one
Michael J. Silverstein - Author of several bestselling business books, including "Trading Up" and "Treasure Hunt"
Azwan Khan Osman Khan - Senior Vice President, Corporate Strategy & Development, Celcom
Aamir A. Rehman - Author of "Dubai & Co.: Global Strategies for Doing Business in the Gulf States"
- Nick Viner Former senior partner of The Boston Consulting Group is Chief Executive of Jewish Community Centre, is Chairman of Pop-Up young people’s charity and a member of Belsize Square Synagogue.[6]
Publications
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 issues facing management in the modern business environment. Some recent publications:
- Trading Up - Why Consumers Want New Luxury Goods and How Companies Create Them. By Michael J. Silverstein and Neil Fiske, 2003. A Business Week Bestseller and Berry AMA book prize winner.
- Payback - Reaping the Rewards of Innovation. By James P. Andrew and Harold L. Sirkin, 2006. Published by the Harvard Business School Press, Payback has become a staple in the MBA curriculum.
- Blown to Bits - How the New Economics of Information Transforms Strategy. By Philip Evans and Thomas S. Wurster, 2000.
- Treasure Hunt - Inside the Mind of the New Consumer. By Michael J. Silverstein with John Butman, 2006.
- The Change Monster - The Human Forces that Fuel or Foil Corporate Transformation and Change. Jeanie Daniel Duck, 2002.
History
The company was formed when Henderson, a Harvard Business School alumnus, left Arthur D. Little to accept the challenge from the CEO of the Boston Safe Deposit and Trust Company to start a consulting arm for the bank.
In 1965 Henderson thought that to survive, much less grow, in a competitive landscape occupied by hundreds of larger and better-known consulting firms, a distinctive identity was needed, and pioneered "Business Strategy" as a special area of expertise for BCG.
As his client list grew, Henderson targeted the nation's best business schools. At some point he was said to have eclipsed McKinsey as the top recruiter at Harvard, aggressively wooing its best students with high salaries and the chance to make a difference in a cutting-edge firm. He encouraged the young minds he hired to come up with innovative ideas that were meant to dazzle hardened corporate veterans.
In 1973 Bill Bain and others left BCG to form Bain & Company, and two years later Henderson arranged an employee stock ownership plan (ESOP), so that the employees could take the company independent from The Boston Safe Deposit and Trust Company. The buyout of all shares was completed in 1979.
In 1998 BCG created The Strategy Institute. Its purpose is to enrich the firm's strategic thinking by applying insights from a variety of academic disciplines to the strategic challenges facing both business and society.
The Boston Consulting Group ranked 11th overall and 1st among smaller companies in Fortune Magazine's 2008 "100 Best US Companies to Work For" survey, based on strong employee development, a supportive culture, and progressive benefits.[7]
Competitors
References
1.http://money.cnn.com/galleries/2007/fortune/0701/gallery.bestcos/8.html
2.http://bwnt.businessweek.com/recruiting/index.asp?c=243
External links
Notes
- ↑ Boston Consulting Group Has Been Driving Force On Labor Talks, School Closings And Charters In Philadelphia Huffington Post, 10 July 2012
- ↑ Teach for All partnership, BCG website, accessed November 2015
- ↑ Partnerships, BCG website, accessed November 2015
- ↑ BCG & the World Economic Forum, BCG website, acc 3 October 2013
- ↑ Jamie Martin, LinkedIn profile, accessed November 2015
- ↑ Jewish Community Centre About Us Accessed 21st August 2008
- ↑ Top 10 Best Companies to Work For: Boston Consulting Group, CNN Money, acc October 2013
