Founded by Bruce D. Henderson in Boston, Massachusetts in 1963 to be the Management Consulting Division serving the Boston Safe Deposit and Trust Company; The Boston Consulting Group (BCG) is now a global management consulting firm which is the world’s leading advisor on business strategy (BGG, 2014). With at least two offices at each continent, BCG is a private company that serves those in public, private as well as not-for-profit sectors. Some of the areas in which BCG provides it’s services to
WHAT IS THE BCG GROWTH-SHARE MATRIX? To begin with, BCG is the acronym for Boston Consulting Group—a general management consulting firm highly respected in business strategy consulting. BCG Growth-Share Matrix (see figure 1) happens to be one of many of BCG's strategic concepts the organisation developed in the late 1970s, and is being taught at leading business schools and executive education programmes around the world. It is a management tool that serves four distinct purposes (McDonald 2003;
products in regards to the growth rate as well as the market shares. When the company takes advantage of high cash flow in hot selling products that company can make a profit on market shared growth opportunities. “ Named for its creator, the Boston Consulting Group, the BCG matrix aims to identify high- growth prospects by categorizing the company’s products according to the growth rate and market share. By optimizing positive cash flows in high- potential products, a company can capitalize on market-share
Hill & Associates Brief History Founded in 1992 with headquarters in Hong Kong and Singapore, we are a risk mitigation consulting firm that helps clients to understand and manage operational risks in opaque, dangerous or unfamiliar markets. We are a multidisciplinary organization; our staff of over 200 full time employees includes lawyers, accountants, bankers, military and law enforcement officers, certified fraud examiners, forensic accountants, intelligence officers, computer forensic special-ists
the company was able to assemble more superior products in a shorter amount of time. In addition, a report on the future of robotics predicts that by 2025, the integration of robots in factories will “boost productivity by up to 30%” (The Boston Consulting Group). This means that adopting robots will raise the output per worker. As a result, the increase in output will lower prices and help companies survive in this competitive
thanksgiving day parade.It has been apart of Macy’s since 1924 when they first started it. The product demand life cycle, the marketing mix, and the supply chain of this service or event can be applied to the Macy’s day parade. The SWOT analysis, Boston Consulting Group matrix, the fixed cost, the business to business and business to customer can also be applied to Macy’s. Therefore, Macy’s day parade can be applied to the life cycle, BCG matrix, business to business and business to customer, SWOT, and the
‘Consulting’ is a ‘one size - fits all’ term that generally includes giving advice in the business world. The ‘Management Consulting’ includes the specialised advise to the businesses with regard to strategic and operational issues. Consulting Industry is a highly paid and high profile field of the business world. The management consultants conducts research, collect data (from various resources) and analyse it with using different suitable tools; the ultimate target being an improvement in the client’s
YELLOWJACKET CONSULTING Welcome to the YellowJacket Consulting Service Group (YCSG). YCSG was formed in May 2014 by a group of students from LeTourneau University in Longview, Texas with the purpose of providing administrative services for businesses. Diversified by our extensive background in a myriad of fields from accounting to human resource management to information technology to marketing, YCSG is committed to providing the best in business administrative services. Our purpose is to serve
definitely holds up. According to a study in the US, the cost of internal strategy advisors for a typical project is four to six times lower than the rates of one of the Big-3 strategy consultancy firms (McKinsey & Company, Bain & Company or The Boston Consulting Group). Internal advisors have a better understanding of the organisation they advise – they understand the language and culture of the organisation better. Their deep knowledge of the organisation make internal consultants very valuable, for instance
This paper addresses the importance of teams in an organization. Bain & Company, a Boston-based consulting company, exemplifies an organization that has placed team development as a priority in the organization. Teams are increasingly common in organizations for responding to customer’s needs to deliver a product or service. Successful teams are supported by a commitment to empower and enhanced rewards. Bain & Company History has brought organizations to a moment where teams are recognized
In this essay I will look at the strengths and weaknesses of using the Boston Matrix to help make decisions in business. I will first briefly explain the Boston Matrix and then analyse its effectiveness as an aid to making a marketing strategy. Like Ansoff's matrix, the Boston Matrix is a well known tool for marketing managers. It was developed by the large US consulting group and is a way that a business can compare all of its products. The two aspects it looks at are market share (relative to that
Introduction This case study is about a man, Miller, who has worked at a factory for 27 years. He is a pocket setter and is able to run two machines in an efficient manner. He is happy with his job as well as happily married to his wife who works at the same factory. He has children but they are raised and moved out of the Miller’s home. He wants to work another ten years before retiring but is rethinking this decision due to the company hiring a consultant firm who has recommend a job enrichment
Sapient is a business consulting and technology Services Company based in Cambridge, Massachusetts, that was founded in 1991 to specialize in client/server application development. Sapient was one of a group of companies (along with firms such as Cambridge Technology Partners and i-Cube) that sought to differentiate themselves from traditional consultants by offering strong technical skills and application development to enable companies to get business value out of technology within fixed-fee/fixed-time
2003," the partnership said in the report. The NYCP brought together a group of consultants and economists to help tally and evaluate how the attacks of Sept. 11 would impact the main drivers of the city's economy, especially the financial services industry. Consultancies including A.T. Kearney, Bain & Company, Booz Allen Hamilton, KPMG, McKinsey & Company, Boston Consulting Group and PwC Consulting worked on the report. The group in turn worked with state agencies as well as the Federal Reserve Bank
Introduction The ever-decreasing length of product lives has diminished the role of new technologies as a source of satisfactory profit and sustainability, as in today’s economies they become commoditized in a growingly fast manner. Nowadays, innovation must include business models rather than just technology and R&D (Chesbrough 2007), and with the greater frequency of disruption and dislocation in many industries, business model lifecycles are shortening as well. Because of its intrinsic connection
Top MBA in New York What makes New York special? The theatre, culture, food, museums, and the fact that it is home to one of world’s most important financial centres – the Wall Street. As far as the number of Fortune 500 companies are concerned, the state of New York rooms in the neighbourhood of 55, with most of them belonging to, you guessed right, the finance sector. So, it is natural to understand why business schools, based in New York, would get an added advantage at seeking out visibility
intangible benefits that can be gained. Indra Nooyi, chairman and CEO of PepsiCo, reflects this new attitude in a recent statement where she observed that “big companies in particular should be a force for good in society.” The Boston Consulting Group (BCG), a global management consulting firm, collaborated with the MIT Sloan Management Review in fall 2009 to launch a global survey of more than 1500 corporate executives and managers about their “perspectives on the intersection of sustainability and business
Why the Smartphone is so useful? The smartphone is a very useful device in all of society today. It was shown by the Pew Research Center that “64 percent of all in the United States has a smartphone” (Aaron Smith). People find these devices to be extremely relevant because many smartphone owners depend on the electronic devices for internet access. A study was shown that the average American is on their phone 4.7 hours a day and 3 hours of non-vocal activities. Another way shown that the smartphone
PepsiCo Introduction PepsiCo Inc. is an American food and beverage corporation it was founded in New York in 1965.It manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. Mainly it is Producing Non-alcoholic beverage and Food processing items. The drink PEPSI was first made in the 1890s by pharmacist Caleb Bradham in New Bern, North Carolina. It was introduced as “brad’s drink”. The brand was trademarked on June 16; 1903.PepsiCo operates in over
mostly a role for the Information Technologist because of its storage of the company's information on databases. Because of the "info-glut" that is occurring in many corporations, K.M. is strongly becoming the role for the Instructional Technologist to group that information into training modules for the corporate Intranet, so that the corporation's employees can retrieve the "knowledge" in a real-time, need-to-know basis. In this white paper, I will define Knowledge Management from a business and an educational