How the Metaverse Will Remake Your Strategy
As digital technologies move to the next stage of advancement—the metaverse—there are two questions companies should ask: How will the metaverse change our business? And how can we get ahead of the change and shape it to our advantage? This is our perspective on both.
Content: Article | Authors: Alexey Timashkov, Christy Liu, Edwardo Sackey, Guy Gilliland, Rob Trollinger, Rony Abovitz, Sumit Banerjee | Source: “Boston Consulting Group (BCG)” | Subject: IT / Technology / E-Business
The Organization of the Future Is Fractal
Scale isn’t dead. But it’s critical to find the right balance between scale and fractal principles—and to do it before your competitors do.
Content: Article | Authors: Allison Bailey, Arindam Bhattacharya, Hans-Paul Bürkner, Sharad Verma | Source: “Boston Consulting Group (BCG)” | Subject: Organizational Behavior
Organization Design Will Make or Break a Deal
Only about half of companies that undergo organization design during a post-merger integration say it was successful. Leaders can flip those odds by focusing on five imperatives.
Content: Article | Authors: Daniel Friedman, Lianne Pot, Mic Rosiello, Michele Brocca, Travis Meyer | Source: “Boston Consulting Group (BCG)” | Subject: Mergers & Acquisitions
The Strategic Race to Sustainability
To get beyond the starting line, CEOs need to approach the challenges of sustainability from a strategic and value-creation perspective in terms of both the questions they ask and the answers they seek.
Content: Article | Authors: David Young, Simon Beck | Source: “Boston Consulting Group (BCG)” | Subject: Social Responsibility (ESG)
Familiar Yet Fatal: 10 Common Pathologies of Failed Change Efforts
75% percent of ambitious change programs fail to capture long-term value. Despite these grim odds, globally, organizations spend $10 B annually on change management efforts. That is understandable in some ways — in our evolve-or-perish environment, organizations cannot afford to stay still. But more fundamentally, it suggests that organizations need to rethink the “tried and tested” approaches to change management. Our research suggests that change … [ Read more ]
Content: Article | Authors: Annelies O’Dea, Julia Dhar, Martin Reeves, Sana Rafiq | Source: “Boston Consulting Group (BCG)” | Subject: Change Management
How Boards Can Focus on What Matters in Sustainability
Boards are not carving out time for high-value strategic work when it comes to environmental, social, and governance. And that’s a problem for companies pushing for sustainability.
Content: Article | Authors: David Young, Ron Soonieus | Source: “Boston Consulting Group (BCG)” | Subjects: Corporate Governance, Social Responsibility (ESG)
Sebastian Stange, Bjarte Bogsnes, Hardik Sheth
Traditional budgeting is like trying to square a circle, because the process tries to meet three ultimately incompatible objectives. First, budgeting sets targets to motivate and promote performance. These targets require directional and stretch goals. Second, budgeting provides forecasts of what lies ahead, but the forecasts only work if they are realistic, unbiased predictions. Production, for example, has to know what the expected sales are, … [ Read more ]
Content: Quotation | Authors: Bjarte Bogsnes, Hardik Sheth, Sebastian Stange | Source: “Boston Consulting Group (BCG)” | Subject: Finance
What AI Reveals About Trust in the World’s Largest Companies
BCG’s AI-based Trust Index enables companies to break down stakeholder perceptions of their trustworthiness. Analyses based on the Index have yielded valuable insights about what builds, sustains, or destroys trust.
Content: Article | Authors: François Candelon, Jeff Kiderman, Marcos Aguiar, Matthew Williams, Russell Dubner, Ryoji Kimura, Sharon Marcil, Tawfik Hammoud, Wendi Backler | Source: “Boston Consulting Group (BCG)” | Subjects: Corporate Governance, Management
Ten Lessons from 20 Years of Value Creation Insights
In 1998, BCG published its first Value Creators Report, which ranked the top corporations on the basis of the value they’d created over the previous five years and also attempted to draw out lessons from the winners. Since then, they have expanded their databases, refined their methodologies, and shared their perspectives annually. For the 20th report, they have now reassessed their cumulative experience and distilled … [ Read more ]
Content: Article | Authors: Alexander Roos, Ed Newman, Eric Olsen, Eric Wick, Gerry Hansell, Hady Farag, Jeff Kotzen | Source: “Boston Consulting Group (BCG)” | Subject: Strategy
What Is Your Business Ecosystem Strategy?
Drawing on the insights gleaned from three years of ecosystem research, BCG offers a step-by-step framework for developing an incumbent company’s ecosystem strategy.
Content: Article | Authors: Balázs Zoletnik, Martin Reeves, Ulrich Pidun | Source: “Boston Consulting Group (BCG)” | Subject: Strategy
Measuring What Matters in Gender Diversity
How do you know if your company is making progress on gender diversity? This article discusses five areas where tracking metrics and data will help leaders know if they’re making wins—or falling short.
Content: Article | Authors: Katie Abouzahr, Lauren Van Der Kolk, Matt Krentz, Nadjia Yousif | Source: “Boston Consulting Group (BCG)” | Subjects: Diversity, Human Resources
Martin Reeves, Jack Fuller
Companies often focus on executing one business model, and its associated targets and metrics become the main ways of judging success. But the dominance of such metrics can come at the expense of seeing possibilities and dabbling with new models. When there is a standard, clear way to measure and reward success, efforts in any other direction can look like failures or a waste of … [ Read more ]
Content: Quotation | Authors: Jack Fuller, Martin Reeves | Source: “Boston Consulting Group (BCG)” | Subjects: Innovation, Management
Martin Reeves, Jack Fuller
Three types of surprise inspire imagination: anomalies (aspects in our information flow that are out of the ordinary); analogies (similarities we notice between concepts or experiences, which lead us to imagine new possibilities); and accidents (unexpected actions and consequences that draw our attention to something interesting).
Content: Quotation | Authors: Jack Fuller, Martin Reeves | Source: “Boston Consulting Group (BCG)” | Subject: Innovation
When Leaders Say They Are Aligned—But Aren’t
Five key practices can unify leaders up, down, and across the organization—and spark concerted action.
Content: Article | Authors: Deborah Lovich, Henning Streubel, Joseph Halverson, Robert Werner | Source: “Boston Consulting Group (BCG)” | Subjects: Communication, Management, Organizational Behavior, Teamwork
How Diverse Leadership Teams Boost Innovation
A recent BCG study suggests that increasing the diversity of leadership teams leads to more and better innovation and improved financial performance. In both developing and developed economies, companies with above-average diversity on their leadership teams report a greater payoff from innovation and higher EBIT margins. Even more persuasive, companies can start generating gains with relatively small changes in the makeup of their senior teams. … [ Read more ]
Content: Article | Authors: Katie Abouzahr, Matt Krentz, Miki Tsusaka, Nicole Voigt, Rocío Lorenzo | Source: “Boston Consulting Group (BCG)” | Subjects: Diversity, Human Resources, Innovation, Organizational Behavior
How the Best Set Up Their Program Journey
Only a third of corporate transformations succeed, but two early decisions can help you buck the odds. A new BCG series, “Transformation Revisited,” shows how.
Content: Article | Authors: Connor Currier, David Kirchhoff, Gregor Gossy, Julia Dhar, Kristy Ellmer, Mike Lewis, Perry Keenan, Reinhard Messenböck, Ronny Fehling, Simon Stolba | Source: “Boston Consulting Group (BCG)” | Subject: Change Management
Fixing the Flawed Approach to Diversity
We recently surveyed roughly 16,500 people worldwide to identify the most effective diversity and inclusion measures. Our investigation builds on previous research into gender diversity. For our current analysis, we broadened our lens to include diversity in two additional dimensions: race and ethnicity and also sexual orientation. Through that research, we identified specific solutions that companies can implement to accelerate their progress on diversity.
Content: Article | Authors: Elliot Vaughn, Jennifer Garcia-Alonso, Justin Dean, Matt Krentz, Miki Tsusaka | Source: “Boston Consulting Group (BCG)” | Subjects: Diversity, Human Resources
Having a Sustainability Advantage Creates Value for Companies in Many Ways
The Art of Risk Management
We worry that in their headlong embrace of formal systems of risk management, many companies are pursuing a highly technical approach to risk management—characterized by complex financial models and elaborate, formal risk-management systems—in isolation from the day-to-day activities of the broader organization. The result is that risk management may exist as a formal function, but it is not really embedded in the “mindset” of the … [ Read more ]
Content: Article | Authors: Alexander Roos, James Tucker, Marc Rodt, Sebastian Stange, Ulrich Pidun | Source: “Boston Consulting Group (BCG)” | Subject: Risk Management
How to Advance Gender Diversity in the Workplace
Gender diversity can be a profound business challenge —or a source of competitive advantage. But it’s not women who need to change. It’s the workplace.
Content: Article | Source: “Boston Consulting Group (BCG)” | Subjects: Diversity, Human Resources, Women in Business