BCG in the News

Fortune

How Employers Can Prepare for AI in the Workplace

Commenting in Fortune, BCG’s Julia Dhar discusses strategies employers can use to maximize AI’s benefits while addressing their staff’s change aversion. Dhar suggests that leaders should anticipate employee hesitancy when implementing AI tools and design upskilling plans accordingly. “Change doesn’t come super comfortably to human beings,” says Dhar. “And if executives and leaders are consistently out there only saying that this change is exciting and energizing, you’re unlikely to bring people with you.”

The Times

UK Businesses Remain Positive Amidst Economic Uncertainty

Commenting in The Times, BCG’s Raoul Ruparel discusses how, despite predictions of a financial downturn, companies in the United Kingdom are optimistic that economic growth will improve over the next three years. According to a BCG survey of more than 1,500 UK business leaders, 61% expect economic output to be “somewhat or significantly better” in 2025. While UK officials have been more pessimistic about the country’s economic future, says Ruparel, most businesses predict only a short-lived downturn and are hopeful that the labor market will remain strong.

China Daily

The Benefits of Setting Emissions Reduction Goals

In China Daily, BCG’s Xinyi Wu explains why companies should have emissions reduction initiatives in all internal operations throughout the entire value chain. According to a BCG white paper, companies that put carbon neutrality measures into practice prove more resilient. “For a company, setting science-based carbon goals brings forth five benefits,” says Wu. “For starters, it helps a company enhance the reputation of its brand, cement investors’ confidence, adapt to policies dexterously, facilitate its pursuit of innovation, and increase its profit margins.”

Financial Times

How AI Will Transform Creativity for Businesses

Commenting in the Financial Times, BCG’s Martin Reeves says that, while most companies currently use artificial intelligence (AI) to streamline processes and maximize earnings, over time companies will eventually leverage AI as “imagination machines.” He explains that companies will lean on AI to boost creativity and develop new products and services to tackle unaddressed challenges. “More than a visionary or a poet, companies imagine things that do not yet exist,” says Reeves. “We need that imagination more than ever to deal with issues like climate change.”

Europa Press

La brecha de género en las 'startups' de Web3: solo un 13% de los equipos fundadores incluye una mujer

El último estudio 'Web3 Already Has a Gender Diversity Problem', elaborado por la unidad de Diseño y Desarrollo Tecnológico de la consultora Boston Consulting Group (BCG X) junto con la compañía de desarrollo de contenidos para la Web3 People of Crypto Lab (POC Lab) muestra que las empresas dedicadas al desarrollo de Web3 tienen poca representación de las mujeres entre sus equipos e inversores.

The Economic Times

Resilience, the Ultimate C-Suite Tool

Writing in The Economic Times, BCG’s Hans-Paul Bürkner and Alpesh Shah discuss how today’s C-suite must focus on resiliency by constantly evaluating uncertainties and quickly adapting to crises. Climate change, rising interest rates, and soaring inflation all pose risks to company stability, but executives can learn to use the changing environment to their advantage. “Resilience is an ongoing leadership responsibility and not a one-time effort,” the authors write.

Fortune

Why “Fractal Innovation” Is the New Winning Mantra for Global Companies

Writing in Fortune, BCG’s Arindam Bhattacharya and Hans-Paul Bürkner discuss how fractal innovations are propelling companies to the top of the global competitive landscape. Because the rules of competition changed as the global market fragmented, global scale and pedigree are no longer guarantees of success, explain the authors. Instead, that success will come from creating localized, customized, and personalized solutions to current customer problems—and anticipating future needs.

Financial Times

Retaining High Performers Is Key to a Company’s Future Growth

In the Financial Times, BCG’s Martin Reeves discusses how resilient companies take “active retention measures” during periods of turbulence to protect individuals associated with future growth. While most companies take steps to cut costs in a downturn, competitive gains come when companies look towards the next set of growth priorities. As a result, Reeves explains, one-off bonuses, long-term incentive plans, and higher salaries can aid companies in retaining valuable workers.

Forbes

Don’t Mistake Training for Learning

Writing for Forbes, BCG’s Deborah Lovich addresses how companies can rethink their training programs to better equip workers with 21st-century skills. While formal trainings are beneficial, she says, proficiency requires coaching, practice, and repetition. Companies should incorporate day-to-day practice to jumpstart the learning process and help employees master new skills.

VentureBeat

Getting Stakeholder Engagement Right in Responsible AI

In VentureBeat, BCG’s Abhishek Gupta, Steven Mills, Kes Sampanthar, and Emily Dardaman explain why companies should consider their stakeholders when implementing AI systems. As AI advances, leaders must grapple with a shift in decision-making authority and decide which stakeholders to engage with and when. “As capabilities scale, more and more people will find themselves in the crosshairs of leaders’ decisions and look to be heard,” the authors write.

Fortune

In Synthetic Biology, Startups and Incumbent Companies Should Be Partners, Not Foes

In Fortune, BCG’s François Candelon, Maxime Courtaux, Max Männig, and Vinit Patel explore how synthetic biology (syn-bio) startups and industrial incumbents can realize the full potential of syn-bio technologies by teaming together. Startups can leverage incumbents’ domain knowledge to meet product specifications, address regulatory issues, and establish supply chains, while incumbents can reduce their risk of disruption and access technologies they do not currently possess. “Business in the Syn-Bio Age,” the authors explain, “must be a dance between startups and incumbents—not a fight.”

Reuters

Why Malaysia Needs to Attract Clean Power Investments

Commenting in Reuters, BCG’s Joel Kwong discusses how large investments in renewable energy will be needed to meet Malaysia’s 2050 zero-emissions goal. Improvements to the power grid and energy storage are vital to bring solar power from the north to the south, where demand is higher. Another action Malaysia can take, says Kwong, is to phase out coal-fired power plants to reduce greenhouse gas emissions and in turn improve their trade position.