458.Paper.Peter Qu.AUT08

458.Paper.Peter Qu.AUT08

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Unformatted text preview: w:
 The
Boston
Consulting
Group
is
a
global
management
consulting
firm
founded
by
Bruce
 Henderson
in
1963
(Boston
Consulting
Group,
2008).
The
Boston
Consulting
Group
has
 experienced
strong
growth
since
its
inception.

As
of
2007,
the
company
has
66
offices
 in
38
countries
and
generates
over
$2.3
billion
in
revenue
(Boston
Consulting
Group,
 2008).
 Consulting
Styles:
 The
Boston
Consulting
Group
is
known
for
developing
new
and
original
insights
into
 business
and
strategy.

As
BCG
states,
“our
objective
is
not
to
simply
apply
the
best
 practice,
but
to
invent
it”
(Boston
Consulting
Group,
2008).

Since
the
early
day,
the
 company
has
originated
concepts
such
as
growth‐share
matrix,
experience
curve
and
 time‐based
competition,
deconstruction
of
value
chains,
the
economics
of
information,
 change
curve
and
cash
curve
(Newman,
2008).


 To
nurture
the
discussion
and
development
of
new
strategic
insights,
the
Boston
 Consulting
Group
established
the
Strategy
Institute
in
1998
(Newman,
2008).

The
 institute
sponsors
research
projects
that
pair
BCG
staff
with
outside
experts
to
develop
 strategic
insights
(Newman,
2008).



 Merits
and
De‐Merits:
 Clients
of
the
Boston
Consulting
Group
can
benefits
from
the
innovative
strategic
 insights
developed
by
the
Boston
Consulting
Group.

Furthermore,
clients
also
receive
 business
communication
as
new
insights
and
findings
are
published
from
within
BCG.

 Companies
that
are
in
proximity
to
BCG’s
regional
office
will
likely
to
benefit
from
BCG’s
 “staff
regionally”
policy.

The
less‐demand
traveling
requirement
for
BCG
consultants
 sometimes
translates
into
higher
work
efficiency
at
client’s
site
(Rasiel,
2001).

 Insider’s
View:
 From
the
latest
survey
conducted
by
the
Vault
Guide,
consultants
at
the
Boston
 Consulting
Group
applauded
for
the
high
degree
of
prestige
and
mentoring
at
the
 company.

Many
also
appreciate
the
efforts
taken
by
the
company
to
put
the
work
hour
 and
travel
time
at
reasonable
level.

The
work
hours
at
BCG
is
highly
variable,
and
one
 can
expect
60
to
65
hours
per
week
during
the
crunch
time
and
about
40
hours
during
 slower
times
(Newman,
2008).


The
company
also
offered
extensive
amount
of
on
the
 job
training.
 Performance:
 Table
2
below
summarize
the
performance
metrics
available
for
the
Boston
Consulting
 Group.

The
annual
revenue
for
the
company
is
$590,000
per
consultant
as
2007,
which
 is
slightly
higher
than
comparative
revenue
at
McKinsey
&
Company.

Though
the
 information
on
starting
salary,
average
bonus
is
not
readily
available,
it
is
expected
 these
metrics
will
be
in‐line
with
the
industry
in
order
to
recruit
and
retain
top
talents.

 The
typical
time
to
partner
is
7
years
post‐MBA.

Consultants
typically
move
to
nex...
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This document was uploaded on 02/17/2014.

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