Tag Archives: BCG

Best practices: A tool or a crutch?

I wrote this post 5 years ago.  It is still true today.  Management consultants use the phrase “best practices” often.  Perhaps too often. You will see that magical phrase mentioned numerous times in white papers and research on these websites: Boston Consulting Group, Deloitte, PWC and Accenture.  A few pictures that help explain why a best practice can be so… Read More »

BCG report: The most innovative companies, 2016

BCG recently published its 11th annual global survey of the most innovative companies here (PDF, 1.1Mb). It’s brief (20pg) and not controversial. It highlights a few case studies – J&J, Cisco, BASF and Under Armour. See the list of top 50 companies. Consultantsmind opinions in red. No surprise you see FAANG companies (Facebook, Apple, Amazon, Netflix, Google).… Read More »

How I Built This Podcast – BCG and Beer

If you are like me, you love listening to successful people tell their stories – for their confidence, ingenuity, fears, failures, heroism, goofiness, and ultimately success. We see a little of ourselves in them and experience the art of good story-telling. So, listen to this NPR podcast called How I Built This – where they interview Jim… Read More »

Review: BCG 2016 M&A Report

2015 was a blockbuster M&A year. Lot of big name deals as companies re-position themselves and push for growth in a slow-growth, low-interest rate environment. Good times for investment bankers and due diligence big 4 firms. BCG 2016 M&A report here. 2016 has slowed down. BCG notes that 1H 2016 is down 27% YoY, but still flat compared to 10-year average. Remember, this… Read More »

Review: 2016 BCG Global Challengers

In sharp contrast from the last post about slow global growth, BCG writes in their 10th annual report about emerging market companies that are killing it. BCG notes that the top companies – i.e. highlighted in this report – are growing revenues at 3x the market with above average margins. The old days when multi-national firms… Read More »

BCG: New CEO’s Guide to Transformation

The title of the BCG report sounds serious, but its a bit of a gem – easy to read and understand.  Download here (1Mb pdf). Boils down to three points: Successful CEOs need to plan the transformation before they start work Transformation is expensive, need to fund the journey with cost takeout There are 10 types of transformations; see… Read More »

Why 14% of Harvard goes into Consulting

I recently read a 4,300 word article in the Harvard Crimson school newspaper that helps to explain why more than 14% of the Harvard graduating class goes into management consulting.  If you are interested in understanding the psyche of young top talent that goes from Harvard into the Big 3 or Big 4 consulting firms… Read More »

BCG: List of top 100 emerging market growth companies

Boston Consulting Group (BCG) just released a report called 2014 BCG Global Challengers here which lists the top 100 fast-growing and formidable companies from emerging markets. It’s their 6th study and argues these companies are not only growing, but reaching a new level of maturity. Jumping to the next S-curve. Fewer companies fell off the list, implying they are stronger and stable… Read More »

BCG: Six simple rules to manage complexity

The Boston Consulting Group (BCG) has a refreshing new book which makes the argument that companies have a bad habit of responding to complex business environments by simply getting more complicated. This is so true. For those of us who have worked with Fortune 500 clients, there seems to be an endless number of committees, processes, policies, dashboards, and metrics. For… Read More »

BCG report: Improving the Odds – Strategies for Superior Value Creation

Boston Consulting Group released their 14th annual report on total shareholder value (TSR). It was worthwhile read, even if you are not in corporate finance. They talk about global trends in economics, capital flows, investor expectations and business generally. Simply put, this is what BCG is telling their clients about increasing shareholder value. I am… Read More »

Management Consulting Outlook: To the brainy, the spoils (Economist 5/11/13)

Management consulting is doing well. The Economist posted this chart last week which shows that McKinsey, Bain, and BCG all grew by double digits in 2011. The data is a year old, but the revenue trend is clearly up. Bain grew by 17% YoY.  The consulting outlook is good. Companies are hiring. You know there is a… Read More »

BCG report: Ending the Era of Ponzi Finance

Not sure how this happens, but the entire developed world is in debt. Europe, the US, and Japan have borrowed so much money that they are headed towards ruin. The Boston Consulting Group even went so far as to call it the biggest Ponzi finance scheme in history. That is some pretty bold talk from… Read More »

Consulting Salary: How much money do consultants make?

Management consultants make good money.  They should not complain. If you look at the 2014 MBA graduation statistics of Harvard, Kellogg, Virginia, or Duke, you will see newly minted MBAs making about $135K + $25K of signing bonus if they go into consulting.  It is no wonder that it is one of the chosen careers of… Read More »

Why consultants love best practices

Management consultants use the phrase “best practices” often. Perhaps too often. You will see that magical phrase mentioned numerous times in white papers and research on these websites: Boston Consulting Group, Deloitte, PWC and Accenture. A few pictures that help explain why best practices are so popular with consultants and clients. Best practices are like good… Read More »