The Boston Consulting Group's Golden Anniversary allows the firm an opportunity to take a look back at its impact, and forward to its future.
In July of 1963, former Bible salesman, Harvard Business School alumnus and Westinghouse Co. employee Bruce Henderson left Arthur D. Little to go to work for The Boston Safe Deposit and Trust Company, a subsidiary of The Boston Company, where he was tapped to lead a one-man unit—The Management and Consulting Division of the Boston Safe Deposit and Trust Company.
Given all that was going on politically and socially at the time—in August Martin Luther King, Jr. lead the March on Washington and President John F. Kennedy was assassinated a few months later—it's certainly understandable that no one noticed a nascent consulting firm that recorded just $500 of revenue in its first month of operations. But business was good enough at the firm that by the end of the year, Henderson had doubled The Boston Consulting Group's staff when he hired a second consultant in December.
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