Impact & Expertise

Press Releases

  • October 30, 2012
  • The Boston Consulting Group Opens Center for Business Excellence in Singapore

SINGAPORE, October 30, 2012—The Boston Consulting Group (BCG)—a leading global management consulting firm—has selected Singapore as the site for its world’s first Center for Business Excellence. The Center was opened today by S Iswaran, Singapore’s Minister in the Prime Minister’s Office, and Second Minister for Home Affairs and Trade and Industry.

In a clear indication of its confidence in Singapore, as well as in Asian business more generally, BCG has invested significantly in its Center for Business Excellence. The Center has three pillars: Knowledge, Strategy and Enablement.

The Knowledge Hub houses a team of topic specialists in industries (such as resources, transport and logistics, financial services and public sector) and business functions (such as corporate development, M&A, and people & organization). Its rich repository of Asia-based knowledge will complement the work of the Center's Strategy Institute, which will conduct breakthrough research to support the further success of ambitious Asian organizations.

BCG's first Leadership and Talent Enablement Center (LTEC) is the Center's crucial third pillar. BCG will help companies plan their leadership and talent pipelines and build leadership and talent capabilities. Mr. Jeffrey Chua, BCG Partner and Managing Director in Singapore said "We bring the same rigor to leadership and talent development as to strategic and financial planning.  More importantly, we work with clients to institutionalize lasting capabilities for developing talent."

Leadership and people practices more broadly, are critical issues for Asian companies. As Hans-Paul Bürkner, BCG's President and Chief Executive Officer said, "Addressing the obvious correlation between good people practices and performance outcomes is especially complex in Asia, the world’s largest and fastest-growing regional economy. In an intensely competitive environment for talent, the challenge for companies is to nurture potential leaders with the right ‘glocal’ (global and local) skills and experience, and support accelerated growth by ensuring a steady supply of competent leaders. The LTEC's central mission is to support our clients to assemble smart teams for tomorrow’s workforce."

Issues around leadership and talent are at the top of CEOs' agendas around the world, and the empirical evidence confirms there is good reason for this. BCG and the World Federation of People Management Associations (WFPMA) recently collaborated in a major global research effort, including surveys of over 4,000 managers, which showed that the companies most serious about leadership development achieve over twice the revenue growth and almost twice the profit margins of their less capable peers. Overall, high-performing companies are much more likely than low-performing companies to make leadership planning an integral part of their people-planning activities. [See Figure 1 in Annex].

More importantly, perhaps, BCG and the WFPMA analyzed the relationship between good people practices and shareholder value performance. They looked at the average growth in share price for Fortune magazine's "100 Best Companies to Work For" between 2001 and 2011. They found that the perennial "100 Best" (the companies that have made the list for three or more years) outperformed the S&P 500 in eight out of 10 years—and, over the course of the decade, they cumulatively beat the S&P 500 by 99 percentage points. [See Figure 2 in Annex].

Commenting on the Center’s location in Singapore, Quek Swee Kuan, Assistant MD of the Economic Development Board said: “We are proud that BCG has chosen to establish its first Center for Business Excellence in Singapore. BCG’s commitment validates Singapore's position as a thought and practice leader for Asia’s management consulting sector. By centralizing in Singapore, consulting firms like BCG can better serve their clients in Asia through leveraging Singapore's strong talent pool, diverse ecosystem of think tanks and research institutes to develop new, pan-Asian consulting solutions.”

“The choice of setting up the Center in Singapore is a logical one,” said Mr Chua “The country has a multi-talented workforce, sophisticated economy and infrastructure. It is also the 21st century business gateway to Asia and the rest of the high growth markets. Many international companies have established their headquarters here in recent years, underlining its position as a valuable base for business.”

Click to Enlarge

Click to Enlarge

For media enquiries, please contact
Liu Jiamin, +65 9622 0186, or
Alysha Kanasevich, +65 6429 2500,

About features the latest thinking from BCG experts as well as from CEOs, academics, and other leaders. It covers issues at the top of senior management’s agenda. It also provides unprecedented access to BCG’s extensive archive of thought leadership stretching back 50 years to the days of Bruce Henderson, the firm’s founder and one of the architects of modern management consulting. All of our content—including videos, podcasts, commentaries, and reports—can be accessed by PC, mobile, iPad, Facebook, Twitter and LinkedIn.

About The Boston Consulting Group

The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 82 offices in 46 countries.

Recent Releases

  • May 21, 2015 Leadership at All Levels of South Africa Is Needed to Address Four Key Social and Economic Problems view full release
  • May 11, 2015 Beleaguered Investment Banks Facing Uphill Battle view full release
  • May 01, 2015 The Internet Now Contributes 10 Percent of GDP to the UK Economy, Surpassing the Manufacturing and Retail Sectors view full release
  • April 30, 2015 The Boston Consulting Group Launches Institute in Honor of Founder Bruce Henderson's 100th Birthday view full release
  • April 30, 2015 Striking Gap Between Where Brazil's Leading Retailers Operate Now and Where Consumer Demand Will Be in the Future view full release
  • April 28, 2015 A New Study Explores the Link Between European Railway Performance and Allocation of Public Subsidies view full release
  • April 28, 2015 Mexico Is Ready for a Takeoff in Consumer Spending, Powered by Rapid Growth in Middle-Income Households view full release
  • April 23, 2015 Growing, Shifting Digital Use in India Means Big Changes for Marketers and Media Companies view full release
  • April 21, 2015 New Report Details the Likely Evolution of the Market for Self-Driving Cars view full release
  • April 20, 2015 New Report Explores Long-Term Challenges to Global ICT Ecosystem view full release

Accelerating Out of the Great Recession

Accelerating Out of the Great RecessionThis book details what high-performing companies must do to seize advantage in a slow-growth environment. more

BCG Offices

Globe BCG has more than 80 offices around the world. Learn about our global presence.

Social Impact

We are compelled to utilize our expertise to work with humanitarian organizations that impact local communities and the world at large. More