Boston Consulting Group (BCG)’s Post

Corporate leaders are facing mounting pressure to reduce costs. BCG’s proven framework can deliver cost reduction that improves operations and is sustainable over time. According to BCG’s Namit Puri: “Accelerated margin advantage is not about enhancing a few points of profitability. It is about creating “fuel” for breakout growth, investing in new strategic frontiers, and creating competitive advantage. Today's ever-changing economic and geopolitical landscape means that companies are faced with unexpected turbulence. The BCG toolkit offers not just a significant one-time impact but also creates muscle for sustained results as the surrounding landscape inevitably evolves.” Learn more about BCG’s four principles for cost excellence: https://on.bcg.com/4bBdUjQ

Our global analysis shows that only 1 in 4 transformations deliver value-creating, enduring change. A 75% failure rate is sobering for any CEO mulling a transformation path. When change fails to deliver short- and long-term value for a company, it can land a CEO in the unenviable position of having led a failed transformation. We highlight five truths that CEOs can embrace to improve their chances of leading a successful transformation, as well as a common lie they should never tell themselves. Take a look at our brief insights for CEOs here: https://lnkd.in/ePEp9Y3c

BCG has been honored with awards for Best Leadership Teams and Best Career Growth for 2024 by Comparably! We believe that great leadership and ample career growth opportunities are key to our success. This recognition is a testament to our pursuit of excellence and the incredible efforts of our dedicated team members. Discover why BCG is a top choice for career growth and leadership development: https://on.bcg.com/3RQJvXS

Our Boston office has been at the epicenter of some of our most influential ideas, including the firm’s support of global public health and the fight against malaria, HIV, and tuberculosis. Today the office remains at the forefront of innovative thinking in financial services, industrial goods, consumer goods, retail, and tech. Located in the city's bustling Seaport district, the office is home to diverse groups of functions and cohorts, working in a space designed for collaboration. Learn more about current openings in Boston and other US offices: https://on.bcg.com/3xq5nm4

At last week's Breakthrough Energy Summit, BCG's Sonya Hoo sat down with Jason Trusley, SVP and Chief Strategy Officer at Land O'Lakes, Inc.', to discuss sustainability in the food and agriculture industries. It's not enough to have a sustainability strategy. Food and agriculture industries must focus on creating value by demonstrating the economic and financial benefits for farmers, companies, and governments. Investing in sustainability doesn't mean higher consumer prices. The challenge is funding the transition to regenerative agriculture without causing inflation, requiring industry-wide collaboration. Driving practice changes at the farm level is essential for a sustainable future. Learn more about BCG's work in agribusiness industry: https://lnkd.in/eDXut4wT

We are proud to announce that BCG has been named a Leader in Innovation Consulting Services by Forrester, an independent research firm that assesses top vendors in the market. The report recognizes BCG for its “multidisciplinary innovation practice with deep data and accelerator assets” and its “ability to create C-suite alignment, applying rigorous innovation measurement and providing sector-specific innovation talent.” In Forrester’s assessment, BCG was the only vendor to receive the highest possible score (5.00) in the ‘Approach: Innovation Thought Leadership’ criterion. In particular, Forrester cited BCG’s Center for Growth and Innovation Analytics (GIA) and BCG’s flagship Most Innovative Companies report, which evaluates and explains the state of corporate innovation and has been published annually since 2005. Discover what we believe sets BCG apart in the full Forrester report: https://on.bcg.com/4crep1k

According to our research with the Massachusetts Institute of Technology (MIT), 62% of experts believe that current AI risk management strategies are not keeping pace. The swift advancement of technology, uncertain risks, and changing regulations make deploying and scaling AI complex—especially while maintaining safety, security, and compliance. Here are the effective strategies that our AI experts recommend to manage these risks. https://on.bcg.com/4buFwag

BCG has developed a comprehensive approach to help companies identify and quantify opportunities to reduce nonpersonnel costs, select targets and improvement measures, and sustain their gains. According to BCG’s Jacopo Piccolo Brunelli: “Nearly a decade after its release, ‘Uncovering Cost Drivers to Achieve Sustained Improvements’ remains an essential resource for reducing nonpersonnel SG&A costs – an opportunity for cost improvement that remains untapped by many companies. Our recent research shows that sustainable cost management is a top priority for CEOs. Streamlining SG&A can be a quick route to sustainably reduce costs. Measures typically require minimal investment and are relatively easy to implement – and can be more readily accepted within organizations as they avoid cuts to core business activities. The workforce can remain intact while the business reaps cost savings, making strategic cuts to streamline operations without stalling the momentum of business growth.” Learn more about BCG’s four principles for cost excellence: https://on.bcg.com/4eLCNfy

Twice a year, we celebrate our Key to Purpose winners—the BCGers who exemplify one of our five Purpose Principles: 💚 Bring Insight to Light 💚 Drive Inspired Impact 💚 Conquer Complexity 💚 Lead with Integrity 💚 Grow by Growing Others Congratulations to these winners! Learn more about our five Purpose Principles here: https://on.bcg.com/3RPxty2