Subject category:
Case Method and Specialist Management Disciplines
Published by:
Harvard Business Publishing
Version: 14 February 2024
Length: 13 pages
Data source: Published sources
Topics:
AI and machine learning; Business growth; Change management; Corporate governance; Environmental sustainability; Leading change; Organizational behavior; Organizational culture; Organizational structure and design; Partnerships; Risk management; Service management; Strategy; Talent management
Abstract
As the new CEO of Boston Consulting Group (BCG) since autumn 2021, Christoph Schweizer had big shoes to fill-his predecessor, Rich Lesser, had tripled the partnership's total revenues and created digital initiatives that contributed 40 % of 2021 revenues, more than doubling headcount along the way. Schweizer announced plans for fresh growth: he planned to double the partnership's size and pursue what he called moonshots-dedicated efforts to accelerate in artificial intelligence and climate & sustainability that would each help drive 20% to 30% of total BCG revenues by 2030. Externally, however, BCG was soon grappling with the macro-effects of Russia's invasion of Ukraine as well as rising interest rates, compounding the potential risks BCG faced with a commitment to rapid growth. As yet unclear was how much BCG needed to adapt or alter the formula of success that Lesser had applied in order to tackle these headwinds and deliver on Schweizer's vision.
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Abstract
As the new CEO of Boston Consulting Group (BCG) since autumn 2021, Christoph Schweizer had big shoes to fill-his predecessor, Rich Lesser, had tripled the partnership's total revenues and created digital initiatives that contributed 40 % of 2021 revenues, more than doubling headcount along the way. Schweizer announced plans for fresh growth: he planned to double the partnership's size and pursue what he called moonshots-dedicated efforts to accelerate in artificial intelligence and climate & sustainability that would each help drive 20% to 30% of total BCG revenues by 2030. Externally, however, BCG was soon grappling with the macro-effects of Russia's invasion of Ukraine as well as rising interest rates, compounding the potential risks BCG faced with a commitment to rapid growth. As yet unclear was how much BCG needed to adapt or alter the formula of success that Lesser had applied in order to tackle these headwinds and deliver on Schweizer's vision.