Booz Allen Hamilton: Difference between revisions
No edit summary |
No edit summary |
||
| Line 22: | Line 22: | ||
Booz Allen Hamilton Inc., is incorporated in [[Delaware]] as a privately held corporation, wholly owned by its approximately 300 officers. The firm was once public in the 1970s during its height of fame (Time magazine named it the most prestigious management firm in the world), but the partners took the firm private again through one of the first [[management buyout]]s (MBO) after realizing that meeting quarterly numbers was not necessarily good for client relationships. Booz Allen has numerous geographic subsidiaries around the world, with a concentration in the United States, Europe, and the Far East, notably in Japan, Korea, and [[Greater China]]. |
Booz Allen Hamilton Inc., is incorporated in [[Delaware]] as a privately held corporation, wholly owned by its approximately 300 officers. The firm was once public in the 1970s during its height of fame (Time magazine named it the most prestigious management firm in the world), but the partners took the firm private again through one of the first [[management buyout]]s (MBO) after realizing that meeting quarterly numbers was not necessarily good for client relationships. Booz Allen has numerous geographic subsidiaries around the world, with a concentration in the United States, Europe, and the Far East, notably in Japan, Korea, and [[Greater China]]. |
||
With more than 18,000 employees on six continents, and double digit growth rates over the past seven years thanks to its solid public sector business, the firm generated annual total sales of over $4 billion in FY2007. Booz Allen's notable breakthrough ideas include the [[Program Evaluation and Review Technique|PERT]] management technique and the [[Product Lifecycle Management|product lifecycle]] theory. It was also responsible for coining the phrase "[[supply chain management]]". |
With more than 18,000 employees on six continents, and double digit growth rates over the past seven years thanks to its solid public sector business, the firm generated annual total sales of over $4 billion in FY2007. Booz Allen's notable breakthrough ideas include the HBS-honored[[OrgDNA]] framework, the [[Program Evaluation and Review Technique|PERT]] management technique and the [[Product Lifecycle Management|product lifecycle]] theory. It was also responsible for coining the phrase "[[supply chain management]]". |
||
==History== |
==History== |
||
Revision as of 04:49, 11 April 2007
 | |
| Company type | Private limited corporation |
|---|---|
| Industry | Management Consulting |
| Founded | 1914 |
| Headquarters | McLean, Virginia , USA |
Key people | Dr. Ralph Shrader, Chairman & CEO |
| Products | Strategy Consulting Technology Consulting |
| Revenue | US$4 billion (FY2006) |
Number of employees | about 18,000 consultants |
| Website | www.boozallen.com |
Booz Allen Hamilton, Inc. is one of the oldest strategy consulting firms in the world.[citation needed] The firm formerly had two consulting divisions: WCB (Worldwide Commercial Business, also known as “The Commercial Side”) and WTB (Worldwide Technology Business, also known as “The Government Side”). These two divisions were merged during a recent restructuring - currently there are three primary service lines: Strategy, Design, and Transformation.
Booz Allen is a private company with corporate headquarters in McLean, Virginia and over 90 offices on 6 continents. Dr. Ralph Shrader is Chairman and Chief Executive Officer of the firm—the seventh chairman since the firm's founding in 1914.
Booz Allen Hamilton Inc. competes with strategy firms like McKinsey & Company, The Boston Consulting Group, and Bain & Company to help top management of the world's leading corporations and global governments, agencies, NGOs, as well as nearly every part of the U.S. Government and military infrastructure, solve their toughest problems with services in strategy, operations, organization and change, and information technology. The Transformation practice (formerly WTB) primarily competes with SAIC, IBM, Accenture, and other systems integrators and defense contractors.
Booz Allen Hamilton Inc., is incorporated in Delaware as a privately held corporation, wholly owned by its approximately 300 officers. The firm was once public in the 1970s during its height of fame (Time magazine named it the most prestigious management firm in the world), but the partners took the firm private again through one of the first management buyouts (MBO) after realizing that meeting quarterly numbers was not necessarily good for client relationships. Booz Allen has numerous geographic subsidiaries around the world, with a concentration in the United States, Europe, and the Far East, notably in Japan, Korea, and Greater China.
With more than 18,000 employees on six continents, and double digit growth rates over the past seven years thanks to its solid public sector business, the firm generated annual total sales of over $4 billion in FY2007. Booz Allen's notable breakthrough ideas include the HBS-honoredOrgDNA framework, the PERT management technique and the product lifecycle theory. It was also responsible for coining the phrase "supply chain management".
History
Upon graduating from Northwestern University in 1914, Edwin G. Booz, had an idea. He believed that companies would be more successful if they could call on someone outside their own organizations for expert, impartial advice.[citation needed] In doing so, he created a new profession — management consulting — and the firm that would bear his name, Booz Allen Hamilton.
Mr. Booz was soon joined by his co-founder, James L. Allen, who became the second name partner at the firm.
Booz Allen Hamilton has a longstanding relationship with the CIA[citation needed] and other intelligence agencies, with current and former employees including former Director of Central Intelligence, R. James Woolsey, former CIA employee Miles Copeland, Jr., and former NSA Director Mike McConnell, who is now the second Director of National Intelligence.
Recruiting
As one of the elite consulting firms, Booz Allen Hamilton remains one of the most sought-after destinations for graduates of top MBA programs, having been rated in the top 10 by various leading surveys of most desirable employers for a number of years. Although Booz Allen Hamilton hires approximately 1 percent of the candidates who apply to the firm each year, the firm is one of the largest single recruiters at the world's top business schools.[citation needed] The recruiting process is widely recognized as one of the industry's most demanding and typically requires applicants to prepare rigorously for the multiple rounds of case interviews that have to be completed in order to receive an offer.[citation needed]
Competitors
Booz Allen Hamilton's top competitors include A.T. Kearney, Bain & Co.,The Boston Consulting Group and McKinsey & Co. in the strategy consulting market.
Booz Allen also competes with Accenture, Boeing, IBM, Lockheed Martin, SAIC, and other systems integrators and defense contractors in the technology consulting market.
Notable current and former employees
Business
- Jonathan Black - Director, Corporate Affairs, University of Oxford
- Rohit Bhagat — Global Chief Operating Officer, Barclays Global Investors
- Chipper Boulas — Vice President of Corporate Strategy, eBay
- Jonathan S. Bush - founder of athenahealth
- Art Collins — Chairman and CEO, Medtronic, Inc.
- Tim Collins - founder of Ripplewood Holdings
- Edward Davies - Partner, Unisys Federal Systems
- Karen Fawcett - Director, Standard Chartered Bank Malaysia (2005-)
- Richard Gay - Senior Vice President, MTV Networks (2006-)
- Rhonda Germany — Vice President of Strategy & Business Development, Honeywell
- Gerry Horkan — Vice President of Corporate Strategy, Yahoo! Inc.
- Paul Idzik — Chief Operating Officer, Barclays PLC
- Steve Isakowitz — Deputy Associate Administrator, NASA
- Ray Lane - Famed President of Oracle Corporation and General Partner at Kleiner Perkins
- Indra Nooyi — President and CEO, PepsiCo
- Edward O'Hare - Assistant Commissioner, U.S. General Services Administration
- Stan Scoggins - Vice President, Universal Studios
Politics and public service
- Wendy Alexander - Member of the Scottish Parliament (1999-present)
- Miles Copeland, Jr. - CIA agent
- George E. Little - Media Relations, Central Intelligence Agency (2007-)
- John M. McConnell - Appointed by President George W. Bush to Director of National Intelligence (2007-); formerly Director of the National Security Agency (1992-96)
- Michael C. Mullen - Assistant Commissioner, U.S. Customs and Border Protection
- Andrew Turnbull - Member, House of Lords (upper Parliament), United Kingdom (2005-); Head of British Civil Service (2002-2005)
- R. James Woolsey, Jr. - Director of Central Intelligence Agency (1993-95)
- Thomas S. Moorman, Jr. - Commander, Air Force Space Command (1990-92); Vice Chief of Staff, U.S. Air Force (1994-1997)
- Dov Zakheim - U.S. government advisor
Other
- Olivia Goldsmith - author
- Patricia A. Morrissey - Commissioner, U.S. Department of Health and Human Services (presidential appointee)
- Bruce Pasternack - President and CEO of Special Olympics International, on the board of trustees of Cooper Union and serves as a board member for BAE Systems as well. Also, was the author of Results and The Centerless Corporation, books on strategy and business.
