Strategy&
| Booz & Company | |
| Company type | Partnership |
|---|---|
| Industry | Management consulting |
| Founded | 1914 |
| Headquarters | London, United Kingdom 57 offices in 33 countries |
Key people | Joe Saddi, Chairman Shumeet Banerji, CEO |
| Products | Management consulting services, including strategy, private equity, operations, mergers & acquisitions, technology and organization |
| Revenue | US$ 1.0 billion in 2007 |
Number of employees | 3,200 employees worldwide |
| Website | www.booz.com |
Booz & Company is one of the oldest management consulting firms and is focused on working closely with the world's leading institutions to create and deliver essential advantage. Founded in 1914 by Edwin Booz, Booz & Company is a partnership and thus entirely owned by its approximately 200 officers. It has 57 offices around the world.
The company recently separated from parent company Booz Allen Hamilton, taking the entirety of its commercial consulting business as well as all consulting operations with government entitites outside the United States. Meanwhile, Booz Allen Hamilton is now focused exclusively on U.S. government consulting endeavors. While the two firms continue to collaborate on a limited number of joint opportunities, their non-compete agreement will lapse in 2011, and it is possible that both organizations will attempt to move into each other’s existing market space.
History
Booz & Company traces its roots to Edwin G. Booz.
Formation
After graduating from Northwestern University in Illinois in 1914, Edwin Booz developed the business theory that companies would be more successful if they could call on someone outside their own organizations for expert, impartial advice.[1] This theory developed into a new profession — management consulting — and the firm that would bear his name.
Early years
Booz & Company has had a hand in several notable private and public engagements throughout its years, such as advising on the breakup of Ma Bell and helping organize the National Football League in the 1960s.[citation needed]
Notable Contribution
Booz & Company has been internationally recognized by its knowledge work and have contributed to business society with new ideas.[citation needed] Booz & Company developed the concept of human capital in the 1940s, product life cycle in the 1950s, supply chain management in the 1980s, smart customization in the 1990s, and organizational DNA in the current decade.[citation needed]
Organization
Booz & Company is privately held. The firm was once public in the 1970s.[2], but the partners took the firm private again through one of the first management buyouts (MBO) stating that this would allow the firm to consider long-range investments that companies beholden to shareholders might not be able to make.[3]
Competition
Booz & Company's major competitors are McKinsey & Company, Bain & Company and the Boston Consulting Group. The firm also occasionally competes with consultancies such as Monitor Group, A.T. Kearney, and Roland Berger Strategy Consultants.
Recruiting
The Booz & Company global footprint spans all continents. Booz & Company recruits candidates from many U.S. and International top-tier business schools and universities, as well as from other corporations. The recruitment process is highly competitive and rigorous,[citation needed] and is typically a combination of case analysis and behavioral interviews.
Notable Alumni
Booz & Company alumni often move on to lead and direct some of the world’s largest corporations, government and other public agencies, emerging growth companies and institutions [4]. Some of Booz & Company's most prominent alums include:
- Indra Nooyi — President and CEO, PepsiCo
- Raymond J. Lane — Partner, Kleiner, Perkins, Caufield & Byers
- Nancy McKinstry — CEO, Chairman of the Executive Board, Wolters Kluwer
- Mark Moran — CEO and President, MetroHealth System
- Brian Murray — President and CEO, HarperCollins Publishers
- David Newkirk — CEO of Executive Education, University of Virginia’s Darden School
- Art Collins — Chairman of the Board, Medtronic Inc.
- Keith Fox — President, BusinessWeek
- Harold Bevis — President and CEO, Pliant Corporation
- Richard Beyer — Chairman of the Board and CEO, Freescale Semiconductor
- Ari Bousbib — President of United Technologies Corp.
- Florent Perrichon — President and CEO, Cerruti SAS
- Martin Redrado — President, Central Bank of Argentina
- Jim Rosenthal — CEO, Kaplan Professional
- Deven Sharma — President, Standard & Poor’s
- Josh Silverman — President, Skype
- Abigail Johnson — President, Personal and Workplace Investing Unit, Fidelity Investments
- Todd Larsen — COO of the Consumer Media Group, Dow Jones & Company
- Richard Gay — Executive VP, Strategy & Operations, MTV and VH1 Networks
- Jurgen Buser — Group CFO, Thomas Cook Group, plc.
- Pascal Cagni — General Manager Europe, Apple Inc.
- Rhonda Germany — VP of Strategy & Business Development, Honeywell Inc.
- Tom Hansson — Senior VP of Strategy & Corporate Development, Sara Lee Corp.
- Bill Jackson — Senior VP and President, Sears Holding Corporation, Automotive
- Randy Lake — Executive VP & General Manager, Sony Pictures Imageworks
- Charles L. Teschner, Jr. — Executive VP of Global Strategy, McGraw-Hill Companies
Offices
The company organizes its global business into the following regions.
Europe (20)
Stuttgart, Munich, Frankfurt, Düsseldorf, Berlin, Zurich, Vienna, Milan, Rome, Amsterdam, Paris, London, Dublin, Madrid, Warsaw, Moscow, Oslo, Stockholm, Helsinki, Copenhagen.
North America (13)
Mexico City, Los Angeles, San Francisco, Houston, Dallas, Atlanta, Chicago, Detroit, Cleveland, New York, Florham Park, Parsippany, McLean.
South America (4)
Rio de Janeiro, Sao Paulo, Buenos Aires, Santiago.
Middle East (5)
Cairo, Beirut, Riyadh, Abu Dhabi, Dubai.
Asia (7)
Hong Kong, Taipei, Shanghai, Beijing, Seoul, Tokyo, Mumbai, New Delhi.
Australia, New Zealand, South East Asia (9)
Bangkok, Kuala Lumpur, Jakarta, Auckland, Adelaide, Melbourne, Sydney, Canberra, Brisbane.