The Boston Consulting Group (BCG)

Incorporating and combining several areas of expertise in strategy, operational management, information technology, and eventually human resource, The Boston Consulting Group (BCG) was founded. The combination of the aforementioned factors was essential to the consulting firm's success and helped it become the top publishing and research company. The consulting group's main human capital assets are the incorporated expertise. The above, however, is successful due to a variety of skills, including workforce strategy, business strategy alignment, effectiveness in planning the workforce that is available, talent management review strategy, and management of the changes that were realized inside the consulting group (Stern, 4). The above can only be realized if the available expertise is combined.
Question #2

BCG is keen, and innovation and that’s why they have strategies when it comes to talent management and the utilization of the available workforce. The most common innovation that put them on the map as well as seen the success of the organization is the Workonomics™ tool (Stern, 6). This innovation has been very helpful in their operation culture, and it has the capability of measuring the economic influence of the human capital. Over 1000 strategies in regards to human capital have been conducted since the innovation came into existence and its success has been published in various articles in the business as well as trade press by many satisfied clients.

Question #3

To realize increased capacity regarding growth, BCG established various pillars of operating culture. They include integrity which is solemnly responsible for identifying the difference between doing the wrong thing and doing the right one; it is there to ensure that the objectives of the consulting group are not misinterpreted (Stalk, 57). The other pillar is respect, which is a key component when it comes to a successful operating culture. BCG respects individual capacity as well as desire to grow. They respect the beliefs as well as the talents of their clients and those who woke for them. They also hold the pillar of diversity dearly at their workplace as it creates room for innovation as well as an environment which is saturated with new ideas. BCG measures the success of their clients that’s ensuring that their clients come first as the last but not least pillar.

Question #4

The success of practicing consultants at the BCG depends on various competencies. The following are the major ones: they should be able to be flexible as flexibility shows resilience, they should be able to exercise conceptual thinking especially when it comes to analyzing, integrity is also a key competency to possess for their success, and they should also have a balanced judgment when it comes to considerations (Morrison, 109).

Question #5

The need for growth and leveraging of worldwide growth helped in ensuring that the BCG had the necessary strategies to attain its growth. They incorporated an exploratory mindset as they believed that even a strategies required a strategy and that the company was mainly objected on the exploitation of new options rather than the known ones (Stalk. 58). This helped them in escaping the success trap which has promoted the decline of some companies. BCG are also investing on innovators and have invested before too; the purpose of this is to ensure that the innovators are expanding their goals beyond their expectations. They do this by becoming faster as well as more digitally oriented to capture the growing market trends.

Question #6

The organizational structure of BCG plays a major role in their success. The leadership itself is growth oriented and supports creativity as well as innovation that other organizations would rather shut down. Growth and success ignite from its leadership and it’s fueled by the capabilities as well as the talent available in the organization (Morrison, 114). The organizational structure is more structured, and that’s why it is preferred as the organization is currently leading in the market.

Question #7

BCG system is well structured, and it is this capability that has made growth an essential part of it. The organizational and operational culture structure are well managed and strategies put in place to help ensure that the pillars available in the system are always upheld and that the objectives are met.







Work Cited

Morrison, Alan, and Robin Wensley. "Boxing up or boxed in? A short history of the Boston Consulting Group share/growth matrix." Journal of Marketing Management 7.2 (1991): 105-129.

Stern, Carl W., and Michael S. Deimler, Eds. The Boston consulting group on strategy: Classic concepts and new perspectives. John Wiley & Sons, 2012.

Stalk, George, Philip Evans, and Lawrence E. Shulman. "Competing on capabilities: The new rules of corporate strategy." Harvard business review 70.2 (1991): 57-69.

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