Boston Consulting Group

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The Boston Consulting Group

logo
legal form Partnership
founding 1963
Seat Boston , United StatesUnited StatesUnited States 
management Rich Lesser (President & CEO )
Number of employees 21,000 (2018, annual average)
sales $ 8.5 billion (2019)
Branch Business consulting
Website www.bcg.com

The Boston Consulting Group ( BCG ) is one of the world's largest management and strategy consultancies and was founded in 1963. The company is one of the three most renowned consulting firms, known as "MBB" or the "Big Three". BCG's alumni hold various top management positions in the global economy.

history

The Boston Consulting Group was founded in 1963 by Bruce D. Henderson in Boston . Coming from management consultancy Arthur D. Little , he first set up a consulting department for the Boston Safe Deposit and Trust Company . Between 1975 and 1979, the future management bought themselves out of the “Boston Safe Deposit and Trust” through an employee stock option program, after which “strategy” was defined as the consulting focus and the Boston Consulting Group was founded.

In 1973, Bill Bain and other employees left BCG and founded the management consultancy Bain & Company .

In 1998 BCG founded the "Strategy Institute". The aim was to further develop the company's strategic knowledge. In 2000 BCG founded the 100% subsidiary Platinion GmbH with headquarters in Cologne , Munich , Hamburg , Berlin , Frankfurt am Main , New York and Milan . Your core business is IT consulting. In 2014, the subsidiary BCG Digital Ventures was founded with headquarters in Manhattan Beach , Berlin, London and Sydney . BCGDV develops and markets new digital products and business models with the aim of accelerating the transformation in large corporations. In 2015 BCG founded the subsidiary BCG GAMMA as a competence center for data usage. In 2015, BCG took over BrightHouse, a consulting firm specializing in purpose consulting. In 2016 BCG took over the purchasing and supply chain management consultancy Inverto with locations in Germany, Austria, Great Britain and China . In 2019, the Center for Climate Action was created as a competence center for climate strategies with the aim of achieving competitive advantages for companies in a decarbonised economy.

Today the Boston Consulting Group has over 90 offices in 50 countries. The first German office was opened in Munich in 1975. In Germany, Boston Consulting has offices in Berlin , Düsseldorf , Frankfurt am Main , Hamburg , Cologne , Munich and Stuttgart . Matthias Tauber has been head of BCG Germany, Austria and Central / Eastern Europe since April 2019 and succeeds Carsten Kratz , who headed BCG Germany from 2013 to March 2019. Since then, Carsten Kratz has been Chairman of BCG in Germany and Austria.

BCG is now fully owned by the partners and senior partners, who thus hold all shares in the company. New partners are proposed by the national company and elected by the global partner group. The legal form of the American parent company is "Corporation / Inc." (See also corporate law of the United States ), the German subsidiary is organized as a GmbH .

BCG sees itself as a strategy consultancy and is divided into various fields of competence.

criticism

As it became known in the context of the Luxembourg Leaks affair, the Boston Consulting Group has pursued tax avoidance through legally binding agreements ( advance tax rulings ) with Luxembourg authorities .

Individual evidence

  1. ↑ Handelsblatt.de: Boston Consulting Group celebrates record year - sales rise by 19 percent. Retrieved March 8, 2018 .
  2. ↑ "Boston Consulting Group Revenues Reach $ 8.5 trillion" . March 12, 2020.
  3. ↑ Consulting: Management consultants are heading for sales records. Retrieved March 28, 2020 .
  4. ↑ Dietmar Fink, Bianca Knoblach: The great management consultants: their history, their concepts, their strategies . Verlag Vahlen, Munich 2003, ISBN 978-3-8006-2881-0 (cf. page 93 ff .; relevant section also under http://www.beck-shop.de/downloads/leseprobe_fink_management_consultants_3800628813.pdf ).
  5. ↑ BCG History: 2000 , accessed May 26, 2015
  6. ↑ BCG / Platinion Structure , accessed May 26, 2015
  7. ↑ BCG GAMMA - Advanced Analytics & Data Science Consulting. Retrieved April 8, 2019 .
  8. ↑ Boston Consulting Group: Holger Lindhardt joins the purpose consulting firm Brighthouse. Retrieved May 8, 2020 .
  9. ^ Thomas Rüschen: Management consulting as the content of consulting banking . In: Consulting-Banking . Gabler Verlag, Wiesbaden 1990, ISBN 978-3-409-13730-0 , p. 24-46 , doi : 10.1007 / 978-3-322-88031-4_3 .
  10. ^ The Center for Climate Action | Boston Consulting Group. Accessed December 1, 2019 .
  11. ↑ Management consulting: Boston Consulting Group celebrates record year - sales rise by 19 percent. Retrieved April 8, 2019 .
  12. ↑ http://www.valuewalk.com/2014/11/luxemburg-taxes