|Headquarters|| New York, New York
60 offices in 33 countries
|Joe Saddi, Chairman
Shumeet Banerji, CEO
|Revenue||$1.1 billion (2008)|
Number of employees
|Slogan||Helping make companies more valuable|
Strategy& (Formerly Booz & Company) is currently the oldest management consulting firm in business. Founded in 1914 by Edwin Booz, Strategy& is a partnership and thus entirely owned by its approximately 200 officers. With 60 offices worldwide, the firm has a large international presence. Among Strategy&'s clients are 70 of the world's 100 largest corporations, and 400 of the 500 largest US corporations. 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. The company recently purchased Katzenbach Partners for an undisclosed sum.
After graduating from Northwestern University in Chicago 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. This theory developed into a new profession — management consulting — and the firm that would bear his name. Booz established a small consulting firm in Chicago, and, two years later, he and two partners formed the Business Research and Development Company, which conducted studies and performed investigational work for commercial and trade organizations. This service, which Booz labeled as the first of its kind in the Midwest, soon attracted such clients as Goodyear Tire & Rubber Company, Chicago's Union Stockyards and Transit Company, and the Canadian & Pacific Railroad."
In 1970, Booz Allen went public with an initial offering of 500,000 shares at $24 per share. Trading continued through 1976.
Over the years, Booz has been credited with developing some of the most important concepts in business. Most notably, the firm coined the terms and developed the concepts of supply chain, supply chain management, product life cycle, the PERT Chart and organizational DNA.
The firm publishes the majority of its thought leadership in its quarterly management magazine Strategy+Business, which in 2009 was one of just two business magazines to grow its circulation, along with the The Economist.
The Katzenbach Center at Strategy& has generated pioneering research on the importance of fostering companies' informal organization to improve corporate performance. In a white paper entitled "Fast Track to Recovery" and the book Leading Outside the Lines, Booz Partner Jon Katzenbach uses various case studies to illustrate the exchange between the formal and the informal elements of organizations.
Strategy& has had a hand in several notable private and public engagements throughout its years. The dawn of the contract system for Hollywood movies, the merger of the National and American football leagues, the rescue of the Chrysler corporation from bankruptcy, and the creation of Deutsche Telekom from government agencies that had grown up on both sides of the Iron Curtain all involved Booz assignments.
In 2007, the firm had roughly 150,000 applicants and 1033 new jobs. The firm recruits employees from the world's best business schools. Strategy& is the second largest recruiter at Columbia Business School (behind McKinsey) and the third largest recruiter at INSEAD (behind McKinsey and Boston Consulting Group, respectively).
Notable Companies founded by current and former employees
Strategy& employees have been known to exit into industry after consulting, as clients often look to hire them. Below is a list of former employees prominent in industry.
- Abigail Johnson — Vice Chairman, Fidelity Investments
- Akio Toyoda - President and CEO, Toyota
- Alex Oliver — Founding Partner, Oliver Wyman
- Ari Bousbib — President, United Technologies
- Arthur D. Collins, Jr. — CEO and Chairman of the Board, Medtronic Inc.; Board of Directors, Boeing; Senior Advisor, Oak Hill Capital
- Bill Jackson — Senior VP and President, Sears Holding Corporation, Automotive
- Bill Wyman — Founding Partner, Oliver Wyman
- Bob Bakish — President, MTV International
- Brian Murray — President and CEO, HarperCollins Publishers
- Charles L. Teschner, Jr. — Executive VP of Global Strategy, McGraw-Hill Companies
- Daniel Weiss — President, Lafayette College
- David Newkirk — CEO of Executive Education, University of Virginia's Darden School
- David Steinberger — President and CEO, Perseus Books Group
- Deven Sharma — President, Standard & Poor's
- Eric Spiegel — President and CEO, Siemens Corporation
- Florent Perrichon — President and CEO, Cerruti
- Gerry Horkan — Senior Vice President of Corporate Strategy, Yahoo!
- Ghassan Hasbani — CEO, Saudi Telecom Company
- Gregory Fleming — President, Morgan Stanley Investment Management; Senior Research Scholar, Yale Law School; former President and COO, Merrill Lynch
- Ivan Menezes — President, North America and Chairman, Asia Pacific, Diageo
- Indra Nooyi — Chairman and CEO, Pepsi
- Jim Rosenthal — CEO, Kaplan Professional
- Joanna Earl — COO, Current TV
- Joe Simon — EVP & CIO, Viacom
- Jonathan S. Bush — President, CEO, and Co-founder of athenahealth
- Jorge Espinel — Executive Vice President of Strategy and Corporate Development, News Corporation
- Josh Silverman — CEO, Skype
- Jurgen Buser — Group CFO, Thomas Cook Group
- Keith Fox — President, BusinessWeek
- Mark Moran — CEO and President, MetroHealth
- Martín Redrado — President, Central Bank of Argentina
- Michael S. Gliedman — SVP, Chief Information Officer, National Basketball Association
- Michael Wolf — former COO and President, MTV Networks
- Nancy McKinstry — CEO, Chairman of the Executive Board, Wolters Kluwer
- Pascal Cagni — General Manager Europe, Apple
- Paul Idzik — former COO, Barclays PLC
- Randy Lake — Executive VP & General Manager, Sony Pictures Imageworks
- Raymond J. Lane — Partner, Kleiner, Perkins, Caufield & Byers; former President and COO, Oracle Corporation
- Rhonda Germany — VP of Strategy & Business Development, Honeywell Inc.
- Richard Beyer — Chairman of the Board and CEO, Freescale Semiconductor
- Richard Gay — Executive VP, Strategy & Operations, MTV and VH1 Networks
- Rohit Bhagat — COO, Barclays Global Investors
- Christopher Bland — Chairman, Royal Shakespeare Company; former Chairman of British Telecommunications; former Olympic fencer
- Sanju Bansal — COO & Vice Chairman, MicroStrategy
- Steven Heyer — CEO, Harry & David; Director, Lazard; former CEO, Starwood Hotels; former President and COO, Coca-Cola; former President, Turner Broadcasting
- Tim Collins — Founder and Chief Executive of Ripplewood Holdings
- Todd Larsen — President, Dow Jones & Company
- Tom Hansson — Senior VP of Strategy & Corporate Development, Sara Lee Corp.
Politics and Public Service
- Wendy Alexander - Labour Party Leader and Member of the Scottish Parliament (MSP).
- Karol Joseph "Bo" Bobko - Retired United States Air Force officer and a former USAF and NASA astronaut.
- Keith R. Hall - Director, National Reconnaissance Office (1997-2001); formerly Executive Director for Intelligence Community Affairs
- Steve Isakowitz - Department of Energy Chief Financial Officer. Former Deputy Associate Administrator, NASA, 2002-2005
- William Benjamin "Bill" Lenoir (Ph.D.) - Former NASA astronaut.
- 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
- Zoran Jolevski - Ambassador of the Republic of Macedonia in the US.
- Thomas S. Moorman Jr. - Commander, Air Force Space Command (1990-92); Vice Chief of Staff, U.S. Air Force (1994-1997)
- Michael C. Mullen - Assistant Commissioner, U.S. Customs and Border Protection
- Patrick Gorman - Chief Information Officer (CIO), and Assistant Deputy Director National Intelligence (ADDNI), Strategy, Plans, and Policy, ODNI
- Andrew Turnbull - Member, House of Lords (upper Parliament), United Kingdom (2005-); Head of British Civil Service (2002-2005)
- Melissa Hathaway - Director, National Cyber Security Initiative
- General Frederick Frank Woerner, Jr. - Retired United States Army general and former commander of United States Southern Command.
- R. James Woolsey, Jr. - Director of Central Intelligence Agency (1993-95)
- Dov Zakheim - U.S. government advisor
- "Booz and company jobs and careers". vault.com. Retrieved 8 December 2009.
- Booz Allen History
- JRANK Booz Allen Hamilton History
- 100 Best Companies to Work For 2008: Booz Allen Hamilton snapshot | FORTUNE