Mr S Iswaran, Minister, Prime Minister’s Office & Second Minister for Home Affairs and Trade & Industry, Dr. Hans-Paul Bürkner, President and Chief Executive Officer of BCG, and Mr Jeffrey Chua, Partner and Managing Director, BCG Singapore, opens BCG’s Center for Business Excellence in Singapore.
Leading global management consulting firm Boston Consulting Group (BCG) has announced the opening of its first-ever Center for Business Excellence, right here in Singapore.
BCG‘s new Center for Business Excellence is not a physical building per se, but will be formed virtually within its offices in Singapore. The new Center is focused around three pillars – Knowledge, Strategy and Enablement. According to the consulting firm, the “Knowledge Hub” houses a team of topic specialists in industries (such as resources, transport and logistics, financial services and public sector) and business functions (such as corporate development, M&A, and people & organization). It’s aimed to complement the work of the Center’s Strategy Institute, which will conduct breakthrough research to support the further success of ambitious Asian organizations. The final pillar comprises of BCG‘s first Leadership and Talent Enablement Center (LTEC), which seeks to help companies plan their leadership and talent pipelines and build leadership and talent capabilities.
“Addressing the obvious correlation between good people practices and performance outcomes is especially complex in Asia, the world’s largest and fastest-growing regional economy,” says Hans-Paul Bürkner, BCG president and CEO. ” In an intensely competitive environment for talent, the challenge for companies is to nurture potential leaders with the right ‘glocal’ (global and local) skills and experience, and support accelerated growth by ensuring a steady supply of competent leaders. The LTEC’s central mission is to support our clients to assemble smart teams for tomorrow’s workforce.”
“We bring the same rigor to leadership and talent development as to strategic and financial planning,” adds Mr. Jeffrey Chua, BCG Partner and Managing Director in Singapore. “More importantly, we work with clients to institutionalize lasting capabilities for developing talent.”
“The choice of setting up the Center in Singapore is a logical one,” continues Chua. “The country has a multi-talented workforce, sophisticated economy and infrastructure. It is also the 21st century business gateway to Asia and the rest of the high growth markets. Many international companies have established their headquarters here in recent years, underlining its position as a valuable base for business.”
The announcement is likely to help cement Singapore’s place as one of the best places to do business.