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Booz Allen Hamilton, Inc. is one of the oldest strategy consulting firms in the world. The firm formerly divided its consulting divisions into two business sectors - WCB (Worldwide Commercial Business, also known as “The Commercial Side”) and WTB (Worldwide Technology Business, also known as “The Government Side”). These two divisions have been merged during a recent restructuring. Booz Allen is a private company with corporate headquarters in McLean, Virginia. 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, Bain & Company, Arthur D. Little and A.T. Kearney to serve the top-management of the world's leading corporations, as well as serving global governments, agencies, NGOs, and nearly every part of the U.S. Government and military infrastructure. 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 and Greater China. With more than 17,000 employees on six continents, and double digit growth rates over the past six years thanks to its solid public sector business, the firm generated annual total sales of over $3.5 billion in FY2005. Booz Allen's notable breakthrough ideas include 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. In doing so, he created a new profession — management consulting — and the firm that would bear his name, Booz Allen Hamilton (from the BoozAllen.com website). Mr. Booz was soon joined by his co-founder, James L. Allen, who became the second name partner at the firm. Competitors Booz Allen Hamilton's top competitors include A.T. Kearney, Bain & Co.,The Boston Consulting Group, Monitor Group and Accenture. Business Politics and public service Other | |||||||||||||||||||||||||||||
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