BCG in the News

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.”

China Daily

How Digitization Is Transforming China’s Banking Industry

Commenting in China Daily, BCG’s Tan Yan discusses how digitization can give Chinese banks a competitive advantage. Informatization—the act of building an information system by applying information technology to each process—will not be enough to outperform the competition. “The process is not simply informatization, but a systematic transformation involving banks’ business mode, customer management strategies, products, and services,” says Yan.

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.

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.”

Hindustan Times

How the Budget Can Spur India’s Energy Transition

Writing in the Hindustan Times, BCG’s Janmejaya Sinha and Kaustubh Verma share critical steps that India can take in the financial and economic sectors to advance the country’s clean energy transition. India’s budget should take into account energy projects that reduce emissions and phase out inefficient subsidies, such as priority lending to the renewable energy sector and increasing the nation’s share of nuclear power. The authors assert that through the Union Budget, India could fully embrace the energy transition to help achieve its net-zero goals.

Fortune

A Soft Landing Is Playing Out—but Optimism Needs to Be for the Right Reasons

In Fortune, BCG’s Philipp Carlsson-Szlezak and Paul Swartz discuss the “soft-landing optimism” that has replaced the more cynical whispers of an impending recession. They explain that the hiring slowdown, return of labor supply, and decline of labor hoarding are the primary reasons for this shift in sentiment. “Against the odds,” write Carlsson-Szlezak and Swartz, “we’re moving toward a soft landing, and we would not be surprised if 2023 ends with the labor market still strong and wage growth eases.”

The Straits Times

BCG’s CEO on the Firm’s Growth and Priorities for 2023

In an exclusive conversation with The Straits Times of Singapore, BCG CEO Christoph Schweizer explains how the firm is strengthening its offerings in areas of AI, digital transformation, and sustainability. A 25-year BCG veteran, he discusses the consulting industry’s growing focus on information and data analytics and outlines his goal to make BCG the employer of choice. Reflecting on the firm’s growth, Schweizer says, “Our big question is: How big do we want to get? The market is huge, and there are a lot of problems out there we can contribute to resolving.”