Strategy Consulting: Competitive Landscape
The 4 top strategy consulting companies are: IBM Global Services, Bain & Company, McKinsey & Company, and the Boston Consulting Group (BCG). Each of the aforementioned strategy companies have competitive advantages that include technology, a focus on social impact, security, and attracting top talent. You will find a deep dive of my findings in the attached spreadsheet.
~ IBM Global Services revenue is 4.2 billion dollars annually
~ Bain and Company revenue is 2.3 billion dollars annually
~ McKinsey and Company is 8.8 billion dollars annually
~ Boston Consulting Group is 5.6 billion dollar annually
Below, please find a general list of each of the four large consulting companies sub-services per request. Each of the companies sub categories are pretty extensive so there are just a few listed below. For a full list of the remaining list of sub-categories, please click the citation links.
~ IBM Global Services include business design, business resiliency services, cloud services, digital workplace services, enterprise applications, network services just to name a few.
~ Bain and Company sub-segments include marketing, organization, operations ,technology, transformation ,digital, advanced analytics and more.
~ McKinsey and Company sub-segments include design, digital, learning programs for clients, marketing & sales, analytics, operations and more.
~ Boston Consulting Group sub-segments include big data, advanced analytics, change management, client enablement, corporate development & Finance, globalization, growth and more.
Industries each company works with:
~ IBM Global Services work with aerospace and defense, automotive, banking and financial markets, chemicals, consumer products, construction, education, electronics, energy and utilities and much more.
~ Bain and Company works with agribusiness, airlines and transportation, automotive, chemicals, consumer products, energy, financial services and much more.
~ McKinsey and Company works with advanced electronics, aerospace and defense, agriculture, automotive and assembly, capital projects and infrastructure, chemicals, consumer packaged goods, electric power and Natural Gas, financial services and much more.
~ Boston Consulting works with automotive and mobility, biopharmaceuticals, consumer products, education, energy and environment, engineered products and infrastructure, financial institutions, health care payers and providers and much more.
~ IBM Global Services strongest competitive advantage is the services market and it's market share in terms of technology. By having such a large percentage of the market with their software already installed and in use, IBM has an advantage when it comes to services that other agencies do not have, specifically the non-technology companies.
~ Bain and Company strongest competitive advantage is its partnership with the World Economic Forum, as it positions them as a partner with one of the largest international organizations.
~ McKinsey and Company competitive advantage is its focus on social impact to include food, mobile communications, banking services, or utilities—to the way they operate—including employment practices and supply-chain decisions.
~ Boston Consulting competitive advantage is its consistent high ranking as "Consulting’s Best Firms to Work For List". This is an indicator that they attract the top talent their consultant "bench".