Who founded Boston Consulting Group and when was it established?
Bruce Henderson founded Boston Consulting Group in 1963 as a consulting department within the Boston Safe Deposit and Trust Company. Henderson had been recruited from Arthur D. Little, and the firm's first full-time consultant, Arthur P. Contas, was hired in December 1963.
What is the experience curve concept developed by BCG?
Bruce Henderson developed the experience curve in 1966, arguing that unit costs decline predictably as an organization accumulates production experience. The concept was quickly adopted in corporate strategy.
What is the BCG growth-share matrix and who created it?
BCG consultant Alan Zakon created the growth-share matrix in 1970. It is a chart designed to help large corporations decide how to allocate cash among their business units. Bruce Henderson further developed the concept, and it spread rapidly among senior managers and executives.
Why did Bill Bain leave Boston Consulting Group?
Bill Bain resigned from BCG in 1973 to start his own strategy consulting firm, Bain & Company. He had joined BCG in 1967 at a starting salary of $17,000 per year and had risen to group vice president, with colleagues considering him Henderson's likely successor.
What was BCG's Project Aurora and what did it involve in Gaza?
Project Aurora was the internal codename for BCG's work related to the Gaza Humanitarian Foundation, which the Financial Times reported covered more than $4 million of contracted work. It included modeling postwar reconstruction of Gaza and cost estimates for relocation packages worth $9,000 per person intended for hundreds of thousands of Palestinians. BCG fired two senior partners, Matt Schlueter and Ryan Ordway, saying they had overseen the work without authorization.
Who is the current CEO of Boston Consulting Group?
Christoph Schweizer, a German executive, has led BCG since May 2021, when the firm elected him as CEO. He replaced Rich Lesser, who stepped down and became the firm's Global Chair.