How has Bain changed the consulting industry with its innovations?
Bain is constantly pushing the boundaries of our industry and changing the way we and you will do business—particularly around results. We became one of the world’s top strategy firms by taking calculated risks and doing things differently. Our entrepreneurialism creates an exciting and dynamic place to work. Here’s how we’ve changed the consulting industry: • Results not reports: Founded in 1973 on the principle that clients should get results—not just reports—from their consultants. • Tied economics: We pioneered the practice of taking equity in lieu of fees, so we only prosper if our clients prosper. • Bain Capital: In 1984, Bill Bain and his partners set out to move from selling profits at a discount to buying businesses, applying the same results-oriented approach that they had to their Bain & Company clients. Launched as a separate company, Bain Capital has grown to a top-quartile private equity firm with over $78 billion in assets. • Private equity consulting: Bain was the first
