Impact & Expertise

In the News

  • WirtschaftsWoche's Best of Consulting
  • October 28, 2014
  • In a national ranking of consulting firms conducted on behalf of the German business weekly WirtschaftsWoche, The Boston Consulting Group topped the 2014 list and was named the best consultancy. The Best of Consulting ranking, conducted by industry expert Frank Höselbarth and Lars Wellejus, professor of finance at the Frankfurt University of Applied Sciences, used a three-step process to evaluate consulting firms. Drawing on the assessments of top managers at Germany's 1,500 largest companies, the two experts determined the brand strength of consulting firms and the ability of those firms to create value—assigning points for these attributes. Consulting firms could earn additional points for project submissions, which were evaluated by an advisory board and a panel of judges. (BCG did not submit projects for review.)
  • Banks can cut rakes by going digital, cut rates: BCG
  • October 03, 2014
  • The Times of India reported on BCG research that shows banks can bring down interest rates by 1.5-2 percent by adopting a digital strategy that reduces the amount of cash they handle. "We see banks being in a position to bring down cash in the system by as much as 30% if they enable mobile-to-mobile funds transfer," said BCG's Saurabh Tripathi. "Although 30% may not sound like a big number, the impact is going to be huge on profit ability of banks. Today, most of the costs incurred by the banks are because of cash -whether it is because of cash transport, ATM or currency chest."
  • The Economic Cost of Reducing Greenhouse Gas
  • October 03, 2014
  • On WSJ.com's The Experts blog, BCG's Iván Martén wrote that the most important greenhouse-gas question that is being overlooked in some countries is how to implement mitigation and adaptation strategies without jeopardizing economic development or the competitiveness of national industries.

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