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. The Firm is currently undergoing a major restructuring.
is one of the oldest and best established
Management Consulting firms in the world. The firm formerly divided its consulting divisions into two business sectors - WCB (Worldwide Commercial Business a.k.a. “The Commercial Side”) and WTB (Worldwide Technology Business a.k.a. “The Government Side”). These two divisions have been merged during the recent restructuring.
WCB competes with strategy firms like
McKinsey & Company ,
A.T. Kearney ,
The Boston Consulting Group , and
Bain & Company to serve the top-management of the world's leading corporations. WTB serves global governments, agencies, and NGOs, as well as 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 250 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.
In 1914, Edwin 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).
