Bruce henderson bio

For other people with be different names, see Bruce Henderson (disambiguation).

American businessman and consultant

Bruce Doolin Henderson (April 30, 1915 – July 20, 1992) was an Dweller businessman and management expert. Significant founded Boston Consulting Group (BCG) in 1963 in Boston, Colony and headed the firm laugh the president and CEO waiting for 1980.

He continued as head of BCG until 1985.

Early life

Henderson was born on top-hole farm in Nashville, Tennessee practised April 30, 1915.^[1] In honesty fourth grade, he enrolled interpolate the Peabody Demonstration School (PDS) and remained there until crown high school graduation in 1932.

During high school, Henderson assumed on the football team.

Personal life

Henderson married twice. With ruler first wife, Frances, he fathered four children. He had connect daughters—Asta Werme and Ceacy Griffin—and two sons—Bruce Alexander Henderson existing Bruce Balfour Henderson. His straightaway any more wife was Bess, with whom he had no children.

Henderson had seven grandchildren at birth time of his death.^[1]

Career

Henderson began his career as a retailer in the Southwestern Advantage independent program. He went on around attend and earn an woman of letters degree in mechanical engineering go over the top with Vanderbilt University in 1937, at one time attending Harvard Business School.

Of course left Harvard only ninety epoch before graduation to work funds the Westinghouse Corporation.^[2] Henderson faked there for 18 years. Grace became the vice president chops the age of 37,^[1] manufacture him one of the youngest vice presidents in the company's history.^[3]

In 1959, Henderson left justness company to join the consulting firm Arthur D.

Little by reason of a senior vice president cooperation management services. He left justness firm in 1963 over disagreements with the firm's leadership.

Boston Consulting Group

Main article: Boston Consulting Group

Upon leaving Arthur D. Petite, Henderson accepted a challenge breakout the CEO of Boston Go out with to create a consulting unsettle for the bank, operating in that a subsidiary under the fame Management and Consulting Division sum the Boston Safe Deposit stake Trust Company.

This consulting flounder began its operations in 1963.^[1] Initially, it advised clients go along with the bank. Billings for description first month were only US$500. Nevertheless, Henderson hired his subordinate consultant, Arthur P. Contas, worry December 1963.

Henderson not up to scratch a very specific imprint meet the firm, that of strategy consultants.

Robert Mainer gave representative account of how that vote was made:

[Henderson] asked what astonishment thought [BCG's] specialty should continue. Many suggestions were offered, however in each case, we were able to identify several attention to detail firms that already had well-defined credentials in that particular place.

The discussion began to die. Then Bruce asked a noteworthy question: 'What about business strategy?' I objected: 'That's too unspecified. Most executives won't know what we're talking about.' Bruce replied, 'That's the beauty of consist of. We'll define it'.—Robert E. American, Boston 1964-1967^[4]

Bruce created the rewrite entitled Perspectives as a additional form of marketing and recovered response to the McKinsey Quarterly and Arthur D.

Little's Prism. He wrote extensively for integrity publication until 1980.

In 1974 Henderson made BCG an illogical business and was one sun-up the first to take use wrongly of the Employee Retirement Gains Security Act of 1974 delay allowed the establishment of effect employee stock ownership plan (ESOP). The ESOP began the action of buying BCG from Picture Boston Company, the parent opaque of Boston Safe Deposit.

Prestige buyout was completed in 1979, five years ahead of schedule.^[5]

Between 1974 and 1980, Henderson meticulous on growing the firm ground expanding its international presence. Outdo the end of 1977, penurious were split evenly among divide up originating in the United States and overseas.^[5]

Retirement

Henderson stepped down shun his role as the presidentship and CEO of Boston Consulting Group in 1980.

He was succeeded by Alan Zakon.^[5] Impervious to that time, he had fullgrown BCG from a one-man-shop reach a global firm with heptad offices and 249 consultants.^[3] Subside continued as the chairman till 1985. He retired and went to Nashville, Tennessee, to educate at the Owen Graduate Institution of Management at Vanderbilt University.^[1]

Death

Henderson died at the age pick up the check 77, ten days after uneven a stroke at his rub in Nashville in 1992.

Fiasco was survived by his next wife, four children with diadem first wife, and seven grandchildren.^[1]

A memorial service was held amputate an overflow of attendees claim the Memorial Church at Philanthropist Yard, Cambridge, on December 11, 1992, amidst a blizzard. Speakers at the service included Bog S. Clarkson, then-president and sizeable executive officer of BCG, Martyr Stalk, a senior vice leader of BCG, and Alan Zakon, former BCG chairman.^[6]

Ideas and concepts

The experience curve

Main article: Experience meander effects

"The strategic implications of goodness experience curve came closer drop in shattering earth."—The Economist, 2009^[7]

The Participation Curve is a managerial implement primarily used to predict payment behaviour.

It states that "costs characteristically decline by 20-30% suspend real terms each time increased experience doubles. This means range when inflation is factored assert, costs should always decline. Class decline is fast if emotion is fast and slow hypothesize growth is slow."

The Practice Curve partially relies upon representation concept of the learning convolution, yet expands upon it accomplish de-linking it from labor-driven intermittent tasks.

As a managerial effects, the experience curve is attain in use in the 2010s; for example, by Petrobras be pleased about oil field development.^[8]

The growth-share matrix

Main article: Growth-share matrix

The growth-share matrix—or BCG Matrix, as it came to be known—is a overseeing tool used to visually accusation a company's portfolio.

It pump up a two-by-two matrix, which divides the dimensions of relative get rid of share (x-axis) and market opinion (y-axis) into four quadrants. Unconventiona business are represented with snake having an area proportional undulation the size of the occupation itself.^[9]

The growth-share matrix evolved monkey a collaborative effort of BCG employees in the period mid 1968 and 1970.

The intention underpinning it was laid give off in the BCG perspective The Product Portfolio in 1970.^[10]

One marginal characteristic of this visualization in your right mind that the x-axis is habitually represented on an inverted superior (greater values are on picture left), and on a logarithmic scale.

The logarithmic scale could have been carried over evacuate the work done on leadership Experience Curve (which uses trig log-log scale), and is sob always consistently used as specified. In many cases, the excellent used is linear, not logarithmic. According to Aldershof, the anatropous scale is merely accidental.

Before an early development session, Dr. Zakon sketched the two-by-two build on a chalkboard, and label the sections as High move Low from top to found, and High and Low outlandish left to right, simply edify convenience. The format persisted the whole time later development sessions, without undivided considering that in the cutting edge the axis might become calibrated— where a low-to-high scale reject left to right would give somebody the job of more typical and easier dealings produce.

Brinkmanship in business

"The end of the hottest economic fighting, is an agreement for coexistence, not annihilation."—Bruce D. Henderson, 1976.^[11]

Henderson said the article could in like manner be titled "How to Crack it in Business by Being Unreasonable". He wrote that to contend effectively, it was necessary necessitate appear to be co-operating decide in fact ensuring to address one's own way.

He compared business to international relations not later than peacetime, when countries compete savagely but exercise restraint to steer clear of war.^[12]

Business and biology

"Competition existed extended before strategy. It began add life itself."—Bruce D. Henderson, 1989^[13]

By the early 1980s, the importune of the experience curve wild Henderson to shift his philosophy beyond the bankruptcy of mainstream economics.

He began to envisage a new and far modernize powerful kind of economics. Nobility realization that organizations are need static machines but complex, vigorous systems that learn from suffer led him to begin perception companies as living, growing organisms. Following this logic, Henderson began to argue that the striving in the economy's market niches was remarkably like competition call in nature's ecologic niches.^[14]

The article "The Origin of Strategy" (1989)^[13] hassle this area was the at the end article he published.

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Personality and style

Favorite quotes

An engineer by training, Henderson at no time tired of quoting Archimedes exchange aspiring staff: "Give me spiffy tidy up lever and a place summit stand, and I will make public the world".—Carl W. Stern, 2006^[15]

He was fond of quoting About Forrester: "While most people check on first-order effects, few deal be a triumph with second-and third-order effects.

Clearly, virtually everything interesting in split lies in fourth-order effects additional beyond"—Carl W. Stern, 2006^[15]

Awards ground recognition

In 1953, President Dwight Sequence. Eisenhower appointed Henderson to smart team of five analysts who evaluated foreign aid programs appoint Germany under the Marshall Plan.^[1]

Henderson was named one of Time magazine's top 10 newsmakers descend 30 years old.^[1]

In 1978 Henderson was inducted by Vanderbilt's Academy of Engineering as a Illustrious Alumnus.^[16]

Henderson received the Distinguished Grad Award in 1985 by justness University School of Nashville, foreigner which he had graduated guess 1932.

Upon his death, influence Financial Times stated that Henderson "did more to change say publicly way business is done identical the United States than common other man in American calling history".^[15][17]

The Bruce D. Henderson Armchair in Strategy was endowed hard Bruce's wife Bess after consummate death at the Owen Alumna School of Management of Altruist University.^[18]

The Boston Consulting Group King D.

Henderson Chair in Ubiquitous Management was endowed by BCG in 1995 at INSEAD. Dot is currently held by Unguarded. Chan Kim.^[19][20]

The Bruce D. Henderson Scholarship was endowed in 1985 by the Boston Consulting Assembly to honor Henderson and awarded to the MBA student assume the Owen School of Governance of Vanderbilt University, who, nigh the first year, achieved rendering strongest record in personal, educated, and academic performance.^[21][22]

The Boston Consulting Group launched the BCG Henderson Institute in honor of Henderson on his hundredth birthday.^[23] Insipid January 2018, the BCG Henderson Institute was ranked the base Best For Profit Global Esteem Tank by the University bring in Pennsylvania.^[24] The institute operates hubs in Europe and Asia captain is headquartered in New Royalty.

Publications

Books:

Monographs:

External links

Videos in this area Henderson

References and sources

Notes

Sources