BCG’s fifteenth annual study of the global wealth-management industry addresses the current and future size of the market, the keys to profitability based on extensive benchmarking of leading global players, and the strategic choices that institutions face regarding where to invest in their own businesses.
China has become a two-speed consumer market. The optimistic, “high-speed” market disproportionately consists of middle- to upper-middle-class and affluent households that are powering consumer spending.
Many decentralized companies have practices that vary widely across sites. Correcting this—and implementing advanced techniques such as lean—requires a company-wide production system that establishes the right degree of standardization.
A sea change is under way in the automotive-supply, construction equipment, and chemical industries as rapidly growing emerging-market companies challenge the global leadership of multinational corporations.
A new and more complex phase of globalization has begun. Rather than determine whether their companies should go global, CEOs must now figure out how they can do so in a way that works for the long term.