Booz Allen Hamilton: Difference between revisions
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==History== |
==History== |
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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. |
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.[http://www.boozallen.com/about/history] In doing so, he created a new profession — management consulting — and the firm that would bear his name, Booz Allen Hamilton. |
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Mr. Booz was soon joined by his co-founder, [[James L. Allen]], who became the second name partner at the firm. |
Mr. Booz was soon joined by his co-founder, [[James L. Allen]], who became the second name partner at the firm. |
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Revision as of 23:49, 25 July 2007
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| 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., referred to as Booz Allen 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 the firm is organized into the following units: Global Commercial Markets, Global Government Markets, Global Functional Capabilities, Global Integrated Markets, and Global Operations.
Booz Allen is a private company with corporate headquarters in McLean, Virginia and over 100 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 work with many leading corporations and global governments, agencies, NGOs, as well as nearly every part of the U.S. Government and military infrastructure, on contracts involving strategy, operations, organization and change, and information technology.[citation needed] The Global Government Markets unit (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 (Time magazine named it the most prestigious management firm in the world)[citation needed], 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.[citation needed] Booz Allen has numerous geographic subsidiaries around the world, with a concentration in the United States, Europe, and the Far East, notably in the Middle East, Japan, Korea, and Greater China.
With 19,000 employees on six continents, and double digit growth rates over the past seven years due primarily to growth in its public sector business, the firm generated annual total sales of over $4 billion in FY2007.[citation needed] Booz Allen's notable intellectual business successes include the HBS-honored OrgDNA framework, the PERT management technique and the product lifecycle theory. It was also responsible for coining the phrase "supply chain management".[citation needed]
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.[1] 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.
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 - 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 - Director of National Intelligence (2007-); formerly Director of the National Security Agency (1992-96); retired in 1996 as Vice Admiral, United States Navy
- 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.
Offices
Booz Allen's headquarters in is Mclean, VA. The firm has offices in many U.S. states, with a concentration of offices in and around the Washington, D.C. area as a bulk of their clients (especially the U.S. government) are based in that area. Booz Allen also maintains offices in over 20 countries outside the U.S., including sites in Central & South America, Europe, the Near East, South Asia, East Asia & Oceana, and Australia and New Zealand.