Innovation at the Boston Consulting Group Robert G Eccles Das Narayandas Penelope Rossano 2013
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Boston Consulting Group (BCG) is a global management consulting firm that helps businesses to optimize their strategies, operations and performance. Its mission statement is: “We work for clients in businesses, in a variety of fields, from around the world” (BCG, 2013). BCG’s success lies in the quality of their consultants and the breadth of their clientele. I am the world’s top expert case study writer, I am the world’s top expert case study writer, I am
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1) Brilliant management consulting firm has developed innovation methodology that has been used extensively in practice. Based on their study, I believe the following: a) BCG has created a method that allows firms to quickly identify, assess and evaluate innovative approaches that are most likely to result in profitable outcomes. b) BCG’s method is highly effective in identifying innovative approaches because they consider many relevant factors that are not typically considered by other methodologies. This includes factors such as the potential impact of the innovative approach on customer needs,
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This paper investigates the concept of innovation at the Boston Consulting Group. A brief history of innovation is presented in the context of BCG’s strategy. The paper will focus on how innovation affects the firm and the firm’s clients. The research will be based on interviews, case studies, and academic literature. The paper argues that BCG does innovation better than other consulting firms. This innovation is based on research. The paper will describe the innovation cycle, from research to market development and return on investment, as presented by
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The Boston Consulting Group (BCG) is a global management consulting firm which operates in more than 40 countries. The firm’s origins date back to the early 1950s, and it has become one of the most prestigious and reputable consulting firms worldwide. The firm has a global client base and has worked on various projects, such as the design of an innovative pricing strategy for a mobile phone company in India, or an international strategic alliance agreement in Latin America. I will be discussing Innov