Booz Allen Hamilton: Difference between revisions
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Booz Allen Hamilton has a longstanding relationship with the [[CIA]] and other intelligence agencies, with former employees including former CIA director [[R. James Woolsey]], [[Miles Copeland, Jr.]] and [[John Michael McConnell | Mike McConnell]], who is director of national intelligence for President [[George W. Bush]]. |
Booz Allen Hamilton has a longstanding relationship with the [[CIA]] and other intelligence agencies, with former employees including former CIA director [[R. James Woolsey]], [[Miles Copeland, Jr.]] and [[John Michael McConnell | Mike McConnell]], who is director of national intelligence for President [[George W. Bush]]. |
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There is growing concern among critics of recent trends in government intrusion into the personal lives of American citizens over the privatization of government intelligence activities. Booz Allen is among the central players in this area. |
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==Competitors== |
==Competitors== |
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Revision as of 16:46, 12 January 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 | Over US$ 3.5 billion (FY2005) |
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. 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 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, 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 seven years thanks to its solid public sector business, the firm generated annual total sales of over $3.7 billion in FY2006. 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.
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 and other intelligence agencies, with former employees including former CIA director R. James Woolsey, Miles Copeland, Jr. and Mike McConnell, who is director of national intelligence for President George W. Bush.
There is growing concern among critics of recent trends in government intrusion into the personal lives of American citizens over the privatization of government intelligence activities. Booz Allen is among the central players in this area.
Competitors
Booz Allen Hamilton's top competitors include McKinsey & Co., A.T. Kearney, Bain & Co.,The Boston Consulting Group, Monitor Group, Deloitte Consulting and Accenture.
Notable current and former employees
Business
- Jonathan S. Bush - founder of athenahealth
- Tim Collins - founder of Ripplewood Holdings
Politics and public service
- Wendy Alexander - Member of the Scottish Parliament (1999-present)
- Miles Copeland, Jr. - CIA agent
- John M. McConnell - Director of the National Security Agency (1992-96)
- R. James Woolsey, Jr. - U.S. Director of Central Intelligence (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
- Bruce Pasternack - President of Special Olympics International and Business Author (Results and The Centerless Corporation)