Word: bcg
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Dates: during 2000-2009
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Edwards isn’t the first to discover a new way to guard against TB—two French scientists developed the so-called BCG vaccine to fight the disease in the early 1920s. But the present-day BCG method is far from ideal. It requires injecting needles into infants—a risky endeavor in areas where clean needles are hard to find, and where reusing old ones can spread HIV. Moreover, the BCG vaccine must be stored at cool temperatures, complicating its distribution to remote areas...
...PowerPoint presentation that Boston Consulting Group (BCG) made to a capacity crowd in the Charles Hotel’s ballroom makes a host of self-conscious comparisons to the company’s leading competitors. But BCG is particularly proud of its employees’ lengthy corpus of corporate self-help works published under the company imprimatur...
...sown not by prosperity but by adversity. In the past, Asians have tended to manage their money without professional help, and to stash a lot of it conservatively in cash, savings deposits and real estate. "The Asian rich have had a high propensity to hold cash," says Scott of BCG. "That was why private banking didn't take off for a long time in Asia." But several economic shocks?including the tech-stock crash of 2000 and the 9/11 terrorist attacks the following year?prompted the world's central bankers to slash interest rates in an effort to revive economic...
...because of the proliferation of esoteric investment choices, their work is becoming more complex than ever before. "The technology in private banking has evolved tremendously," says SocG?n's Truchi, exacerbating the need for more sophisticated bankers. "It's gone from simple brokerage services to hedge funds and derivatives." Says BCG's Scott: "The biggest pitfall is that customers are getting more demanding, but the talent base isn't able to [meet] their demands...
...India, too, is becoming a hot spot. Its pool of millionaires is growing roughly three times faster than China's, according to the 2005 World Wealth Report; Indian assets under management stand at $307 billion and have been growing roughly 15% a year, according to BCG. Much of the activity is now focused in Bombay, but Citigroup, for one, is planning for rapid expansion in other key Indian cities, too. "You need to be on the ground in Calcutta or Delhi to offer domestic products," says Citigroup's Sharma. In the next three to five years, he aims to have...