百大雇主品牌 – 4 – Boston Consulting Group – Massachusetts US

百大雇主品牌 – 4 – Boston Consulting Group – Massachusetts US


Top company by employee – 4 – Boston Consulting Group – Massachusetts US

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2314 employees

www.bcg.com
Industry: Professional Services – Consulting – Management
Ownership: Private
State: Massachusetts

Rank: 4
Previous rank: 2
2011 revenue ($ millions): $3,550

What makes it so great?
The elite management consulting firm maintains work-life balance by issuing a “red zone report" to flag when individuals are working too many long weeks. New consultants can delay their start date by six months and receive $10,000 to volunteer at a nonprofit.

Headquarters:
Boston, MA
Website: www.bcg.com

The Boston Consulting Group
The Boston Consulting Group logo.png
Type Employee-owned
Industry Management consulting
Founded 1963
Headquarters Exchange Place
BostonMassachusetts, United States
78 offices in 43 countries[1]
Key people Rich Lesser, President & CEO
Products Management consulting services
Revenue US$ 3,700 Million (2012) [1]
Employees 6,200 (consultants)[2]
Website bcg.com

The Boston Consulting Group (BCG) is a global management consulting firm with 78 offices in 43 countries.[1] It is one of the largest private companies in the United States.[3] The firm serves as an advisor to clients in the private, public, and not-for-profit sectors across the globe.

History[edit source]

The company was founded by Bruce D. Henderson, a Vanderbilt University and Harvard Business School alumnus. After many years in the purchasing department of Westinghousein Pittsburgh (where pricing behavior gave him the idea of the experience curve), he joined Arthur D. Little in Cambridge, Massachusetts. He was then recruited by The Boston Company, where he founded a one-man, one-telephone consulting unit he named Boston Consulting Group.

In 1975, Henderson arranged an employee stock ownership plan, and employees took the company independent from The Boston Company. The buyout of all shares was completed in 1979.[5]

In January 2013, Rich Lesser became the sixth president and chief executive officer of BCG.

Clients[edit source]

BCG serves as an adviser to many businesses, governments, and institutions. Some recent BCG clients include GoogleIBMAetnaPfizerAmerican AirlinesFord Motor CompanyTata GroupHarvard School of Public HealthJapan Pharmaceutical Manufacturers AssociationRussian Ministry of EnergyGovernment of CanadaUnited States Agency for International Development, and European Union Phare Programme, according to the 2009 publication by Wetfeet on the company.[6][7]

Awards and Recognitions[edit source]

Fortune Magazine ranked BCG second in its 2011 and 2012 list of the “top 100 best companies to work for".[8] The 2013 rankings by Fortune listed BCG as the fourth “best company to work for."[9] BCG has also been listed in Consulting Magazine‘s “Best Firms to Work For" list every year since 2001,[10] received a perfect score on the Corporate Equality Index[11] formulated by the Human Rights Campaign for the past six years,[12] and been rated by Working Mother magazine[13] as one of the “best companies" for working mothers for the past six years.[12]

Human Resources[edit source]

BCG is a top employer of recent graduates from MIT,[14] Harvard Business School,[15] Cambridge University,[16] Oxford University,[17][18] Stanford Business School,[19] London Business School,[20] and Wharton School of the University of Pennsylvania.[21] The firm also attracts a number of Rhodes Scholars and Marshall Scholars. In 2012, newly recruited undergraduate and graduate BCG hires earned a total compensation (salary plus all bonuses) of up to $100,000 and $195,000, respectively.[22][23]

BCG typically hires for Associate or Consultant positions, with occasional so-called “lateral hires" opportunities as Project Leader, Principal or Partner. In the United States, BCG recruits undergraduates to join as Associates. Top-performing Associates receive sponsorship to pursue an MBA, returning to BCG upon completion. Some Associates advance to Consultant and beyond without obtaining an MBA, but the vast majority of Associates attend business school. A few complete JDs, MD and other graduate degrees at various institutions (called ADCs for Advanced Degree Candidates/Consultants). BCG also makes large efforts to hire advanced non-business degree holders. Graduates holding J.D.s, M.D.s and Ph.D.s in disciplines like engineering, science, and liberal arts receive training in business fundamentals and then typically join the firm as Consultants although this varies between different geographies. There is also an opportunity to join as a Summer Associate or Summer Consultant (internship) position for 10 weeks, which for many interns will result in an offer of a full-time position.

BCG’s recruiting process is notoriously demanding, typically taking candidates through computer-based problem solving tests followed by multiple rounds of case- and experience- based interviews.

Like most consulting firms[citation needed], BCG uses a modified version of the Cravath System, also known as “up or out".[citation needed]

Developed Concepts[edit source]

“Growth-share matrix"[edit source]

Main article: Growth-share matrix
Growthsharematrix.png

BCG matrix of example data set

In 1968, BCG created the “growth-share matrix", a simple chart to assist large corporations in deciding how to allocate cash among their business units. The corporation would categorize its business units as “Stars", “Cash Cows", “Question Marks", and “Dogs" (originally “Pets"), and then allocate cash accordingly, moving money from “cash cows" toward “stars" and “question marks" that had higher market growth rates, and hence higher upside potential.[24][25]

Experience curve[edit source]

The experience curve illustrates that the more often a task is performed the lower will be the cost of doing it. The task can be the production of any good or service. Each time cumulative volume doubles, value-added costs (including administration, marketing, distribution, and manufacturing) fall by a constant and predictable percentage.

BCG founder, Bruce Henderson, expounded the implications of the experience curve for strategy.[26] BCG research concluded that because relatively low cost of operations is a very powerful strategic advantage, firms should capitalize on these learning and experience effects.[27]

Advantage matrix[edit source]

For more details on this topic, see Boston Consulting Group’s Advantage Matrix.

In this matrix, the two axes are economies of scale and differentiation. The four quadrants formed are called “Volume", “Stalemated", “Specialized", and “Fragmented".

Publications[edit source]

Books[edit source]

Perspectives[edit source]

In 1964 BCG began mailing concise essays designed to stimulate senior management thinking on a range of business issues.[28] The pieces would be called Perspectives. Considered provocative ideas on business, BCG founder Bruce D. Henderson referred to them as “a punch between the eyes."[28]

Example Perspectives are:

  • “The Product Portfolio", 1970.[29][30]
  • “The Pricing Paradox", 1970.[29]
  • “The Rule of Three and Four", 1976.[31][32]
  • “Sustained Success", 1984.[33]
  • “Time-Based Results", 1993.[34]

Notable current and former employees