BCG Marks 50th Anniversary With Program to Explore 'Game Changing' Ways to Transform Business and Society
BOSTON, MA, Jan 31, 2013 (MARKETWIRE via COMTEX) --
The Boston Consulting Group (BCG), one of the world's leading
management consulting firms, announced today that it will launch a
year-long program focused on the theme of "Game Changing" to help
mark the company's fiftieth anniversary in 2013.
The Game Changing program will tackle the most fundamental dynamics
facing leaders in an age of unprecedented turbulence, and it will
develop and promote action-oriented breakthrough ideas for
transforming the fortunes of business and society. The program will
explore paths to success through content partnerships with other
top-tier organizations, BCG publications, and an online and offline
forum series that will foster debate between business leaders,
policymakers, the media, and the public.
"The global economy is undergoing the most radical transformation
since the Industrial Revolution," said Rich Lesser, who became BCG's
president and chief executive officer on January 1. "The rapid rise
of the emerging markets, extraordinary technological advances,
hyperconnectivity, dramatic demographic change, fiscally constrained
public sectors -- all of these are forcing companies to rethink and
revamp the way they do business. To capitalize on the opportunities
created by accelerating change, leaders need to be proactive and
challenge the status quo. In short, they need to change the game."
(For more on Lesser's appointment, click here.)
As part of the Game Changing program, BCG has identified five key
issues or "dimensions" for successfully managing in an age of
-- The New Growth-Value Equation. Growth wasn't effortless before the
financial crisis, but few executives would disagree that it's become
much more difficult since then, particularly in developed markets. Now
leaders need to refocus on the core strategies for creating profitable
growth in order to create long-term value: entering new markets or
expanding into existing ones and investing in innovative products and
services, processes, and business models.
-- The Fit-to-Compete Factor. In an increasingly complex and competitive
world, companies and countries need to be not just fit for purpose but
fit to compete. They must develop "smart rules" for managing
complexity and gaining competitive advantage -- becoming leaner and
more operationally efficient, simpler and more organizationally
effective, and better able to attract the best talent.
-- The Adaptive Mindset. Companies must continuously reshape their
organizations in order to not only respond to rapid change but also
leap ahead of competitors. Likewise, public sectors have to develop
agile ways of reforming their institutions in order to enhance
essential services, such as health and education, and meet the
changing needs of their people.
-- The Two Halves of Connectivity. To succeed, companies and countries
need to harness the tools of hyperconnectivity: not just digital
technology but also bridges, roads, railroads, and airports --
particularly in the fast-developing economies ("the forgotten half of
connectivity"). By doing so, they can realize the true potential of
ever more connected consumers, markets, and society.
-- The Perpetuity Principle. Leaders must display the skills of
stewardship, developing sustainable and trusted businesses with a
vision of their companies' long-term legacy -- to meet the growing
expectations of society, ensure value creation, and improve well-being
for the future.
Publications, Partnerships, and Special Events
To explore the Game Changing theme and each of the five dimensions,
BCG will release a steady stream of new research and commentary
throughout 2013. The first publications of the series -- The Most
Innovative Companies 2012, Ending the Era of Ponzi Finance, and
Allies and Adversaries: 2013 BCG Global Challengers -- have just been
released. So, too, has a new eBook, Shaping the Future in a Time of
Accelerating Change, which highlights some of the key issues facing
business and society today.
BCG is also partnering with a number of highly influential
organizations. Last week, BCG's latest work with the World Economic
Forum was presented at the WEF's annual summit in Davos, Switzerland.
In addition, BCG is establishing partnerships to cohost events that
will bring together top business leaders and thinkers, to create
exclusive reports and forums, and to curate a traveling photography
exhibition with a world-renowned photo agency.
For information on the Game Changing program, please go to
bcgperspectives.com, follow @BCGPerspectives on Twitter, or like BCG
Perspectives on Facebook.
To speak with a BCG expert, or for more information, please contact
Eric Gregoire at +1 617 850 3783 or firstname.lastname@example.org.
About The Boston Consulting Group
The Boston Consulting Group (BCG)
is a global management consulting firm and the world's leading
advisor on business strategy. We partner with clients from the
private, public, and not-for-profit sectors in all regions to
identify their highest-value opportunities, address their most
critical challenges, and transform their enterprises. Our customized
approach combines deep insight into the dynamics of companies and
markets with close collaboration at all levels of the client
organization. This ensures that our clients achieve sustainable
competitive advantage, build more capable organizations, and secure
lasting results. Founded in 1963, BCG is a private company with 78
offices in 43 countries.
Bcgperspectives.com features the latest
thinking from BCG experts as well as from CEOs, academics, and other
leaders. It covers issues at the top of senior management's agenda.
It also provides unprecedented access to BCG's extensive archive of
thought leadership stretching back almost 50 years to the days of
Bruce Henderson, the firm's founder and one of the architects of
modern management consulting. All of our content -- including videos,
podcasts, commentaries, and reports -- can be accessed via PC,
mobile, iPad, Facebook, Twitter, and LinkedIn.
The Boston Consulting Group
Global Media Relations Manager
Tel +1 617 850 3783
Fax +1 617 850 3701
SOURCE: The Boston Consulting Group
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