Bruce Henderson established the company now known as Boston Consulting Group in 1963 to advise clients of his other business, the Boston Safe Deposit and Trust Company. In its first month, the company billed USD 500. By 1966, it had opened its first international office in Tokyo, Japan.
Within 20 years, Boston Consulting Group was one of the largest firms of its type in the world. Today, it is a member of the ‘Big 3’ management consulting companies alongside McKinsey & Company and Bain & Company. It now has offices in over 100 cities in 50 countries, employing more than 30,000 staff worldwide.
As well as offering business resilience, organisation strategy, and risk management and compliance services to its vast client base, the company made its name by introducing two consultancy tools that are still relied on to this day.
The growth share matrix, created in 1968, helps companies decide how to prioritise different businesses by their degree of, and potential for, profitability. The concept of time-based competition model, first introduced by BCG in the 1980s, is a demonstration of the power of time management.
Such ground-breaking ideas have seen Boston Consulting Group amass a high-profile global client base that includes the most innovative companies in all regions around the globe, with many ranking among the world’s 500 largest corporations.
Naturally, this global impact has attracted much recognition over the past 60 years. Boston Consulting Group has been recognised by numerous prestigious organisations, including Fortune, Forbes and more, for the quality of its work, strength as an employer and impact of its consultants.
Boston Consulting Group’s financials are as impressive as you might expect. In 2022, the company posted revenues of USD 11.7bn.