BCG TURN Named a Market Leader for its Results-Driven Approach to Turnarounds and Restructuring in Leading Analyst Report

In a Study of 26 Market Leaders Across Four Segments, ALM Judges Boston Consulting Group a Leader in Financial Crisis Management in the Category “Management Consulting”

BOSTON—ALM Intelligence, which acquired the legacy Kennedy consulting research unit in 2015, and is a renowned industry analysis firm with a strong buy-side and sell-side audience, has published a report listing the market leaders in financial crisis management. ALM analyzed and profiled 18 market leaders across four market segments for ALM Intelligence Pacesetter Research: Financial Crisis Management 2020. BCG TURN, a special transformation, turnaround and restructuring unit within Boston Consulting Group (BCG), was named a market leader.

According to the report, “ALM Intelligence combines qualitative and quantitative research methods to identify the top professional services firms which are moving the ‘services’ needle to solve clients’ challenges and support their business needs. ALM Pacesetters are identified and evaluated using five core criteria: business model, value proposition, service delivery, client enablement, and brand eminence.”

Firms from five professional services segments: consulting, multiservice providers, law, financial advisory, and strategic communications were judged on how they became market leaders in financial crisis management, and how they rose among market leaders to redefine their roles in this space.

The report cited BCG for its proactive management of the financial crisis for its clients, saying, “With an eye to free cash flow as a driving metric, BCG deals primarily with the board and C-Suite to create stability, execute short term remediation actions (whose success will fund further transformation later), and establish a road to comprehensive change services span liquidity management, cash flow improvement, financial restructuring and refinancing, insolvency solutions, and urgent cost reduction, and often include services from adjacent practice areas such as Corporate Development, or BCG’s Transaction Center.”

The report went on to stress the above-mentioned strength, saying, “The primary thrust for BCG in addressing crises is financial, but the firm understands real financial transformation requires parallel operational change, and so BCG engages the client organization at all levels to get input and buy-in and includes services such as stakeholder management.”

ALM also praised BCG for working with clients at all levels and for its emphasis on the digital component of restructuring, saying, “The digital component to restructuring projects (which extend to the client organization’s supply chain and customer interfaces as well) derives from BCG’s digital transformations unit, which is supported by several centers of excellence as well as Lighthouse, BCG’s high frequency data and analytics platform used for trend analysis.”

More information about BCG TURN can be found here.

The ALM report can be found here.

To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.

About BCG TURN

BCG TURN is a special unit of BCG that helps CEOs and business leaders deliver rapid, visible, and sustainable step-change improvement in business performance while strengthening their organizations and positioning them to win in the years ahead. BCG TURN helps organizations change their trajectories by turning their upside potential into radical performance gains. The BCG TURN team consists of transformation practitioners and battle-tested experts with a proven track record in large-scale transformation. BCG TURN is invested in the sustainable success of clients, with a focus on performance acceleration and a commitment to value delivered.

About ALM Intelligence

ALM Intelligence provides proprietary data, analysis, tools, and knowledge that empower our clients to succeed. The product suite and vast data repository arm professionals with the critical business information required to make the most impactful and informed decisions possible. The exhaustive data repository and product functionality enable professionals to combat competitive challenges head-on with the confidence to remain ahead of the field. The depth of ALM Intelligence’s expertise across the benefits, insurance, consulting, and legal industries provide a broad spectrum of actionable intelligence to facilitate and execute strategy. Visit http://www.alm.com/intelligence for more information.

About ALM Media, LLC

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About Boston Consulting Group

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
 
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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