BOSTON—Boston Consulting Group (BCG) was named a Leader in Innovation Consulting Services in a new report by Forrester Research, an independent research firm. The report, titled The Forrester Wave™: Innovation Consulting Services, Q2 2024 - The 10 Providers That Matter Most And How They Stack Up, recognized BCG for its “multidisciplinary innovation practice with deep data and accelerator assets.”
The Forrester Wave™ evaluation reviewed the ten innovation consulting services providers it deemed most significant, classifying them into four categories: Leaders, Strong Performers, Contenders, and Challengers. BCG was one of five vendors identified as a Leader.
Participating providers were evaluated against 29 criteria which were grouped in three categories: current offering, strategy, and market presence. BCG received the highest score of all ten evaluated providers in the both the Current Offering (4.30 out of 5.00) and Strategy categories (4.42 out of 5.00).
“We are honored to be recognized by Forrester as a leader in innovation consulting services,” said Justin Manly, a managing director and senior partner who leads growth and innovation for BCG globally. “Innovation is a top priority for most business leaders, but in today’s constantly changing environment, many don’t know where to start. We believe that building a world-class innovation system starts with strategy. BCG collaborates closely with clients to strengthen their innovation system for today and for the future.”
A “Unified Approach” Covering the “Full Spectrum” of Innovation
By combining resources from BCG X, BCG BrightHouse, Quantis, and the BCG Henderson Institute, Forrester’s report stated that BCG drives a “unified approach toward innovation consulting…” The report also noted that reference customers praised BCG’s “dedicated playbooks for organizational design and people change” and highlighted the firm’s “ability to create C-suite alignment, applying rigorous innovation measurement and providing sector-specific innovation talent.”
In Forrester’s assessment of current offerings across providers, BCG was the only vendor to receive the highest possible score (5.00) in the ‘Approach: Innovation Thought Leadership’ criterion. In particular, Forrester cited BCG’s Center for Growth and Innovation Analytics (GIA) and BCG’s flagship Most Innovative Companies report, which assesses the state of corporate innovation and has been published annually since 2005.
According to Forrester’s report, “clients that seek end-to-end support in creating a balanced and sustainable innovation practice with close strategy alignment are best placed to work with BCG.”
Access the full Forrester report here.
Get BCG’s latest insights on innovation here.
Media Contact:
Eric Gregoire
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gregoire.eric@bcg.com
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