Booz, Allen: Sunset Limited Leaves Station
May 21, 2011
I know. I know. There are two Booz, Allen & Hamiltons. There is the MBA-infused Booz & Co. in New York. And there is the government centric outfit in Virginia. I worked at the “old” Booz, Allen & Hamilton. May it rest in peace. The only reason I thought about fading blue chips was the chance juxtaposition of two news items about these two new entities.
First, the MBA outfit put out a study that identified the three most innovative companies in the world. Hold your breath. Exhale slowly. Now that you are calm, here’s the shocker. The most innovative firms are Apple, Google, and 3M. Bet you did not know that. You can get the MBA stimulating insight in “Apple, Google, 3M World’s Most Innovative: Booz & Co.”
Second, the government money surfing part of the old Booz, Allen & Hamilton announced that the transportation unit, built from Landrum & Brown, Simpson & Curtain, and some other components assembled by John Dowdle and his colleagues decades ago has been sold off. Read all about it in “Consulting Firm CH2M Hill Agrees to Buy Booz Allen Hamilton Unit.”
What’s my view? Stating the obvious is a good practice for MBAs. The real information surfaces elsewhere. PR is good. As for the dumping of the transportation unit, I had a question: “Aren’t the Booz, Allen managers able to make this unit pay?” Of course, the new Booz Allen has some debt and is competing, not on MBA insights, but on costs, so change is inevitable.
I see blue chip fading to gray. But management consultants are supposed to be experts in management, correct?
Stephen E Arnold, May 21, 2011
Freebie unlike consulting firms’ professional services.
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