Word: booze
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
PERT is the baby of the world's largest (1958 billings: $11 million), most prestigious management consultant firm, Chicago's Booz, Allen & Hamilton. When the Navy realized that the thousands of steps involved in development of the Polaris called for an overall plan to spot trouble before it happened, it called...
...Questions. Behind the experts that devised PERT lies 45 years of Booz, Allen & Hamilton experience in counseling more than 2,000 U.S. firms in management problems-getting the right outside man to become president of a slipping company, improving the flow of executive information, revising an outdated product line, amicably easing out executive deadwood. The firm was founded by the late Edwin Booz, a Reading (Pa.) ironmonger's son who studied economics and applied psychology at Northwestern University while serving as an Evanston night cop. At the time, efficiency experts were entranced with time-motion studies...
...company's fees were about $1,800,000 a year when Booz retired in 1946 and Hamilton died. The job of coordinating, i.e., managing, partner fell to James L. Allen, then 41, a scholarly Kentuckian with a steel-trap mind for remembering facts and a punch-card sorting machine's ability to organize them. Holding that management analysts should continuously analyze themselves, Allen set up a think department to do nothing but figure out new services the firm could offer to an ever widening circle of clients...
...having moved up to become boss of Republic's wiremaking division at $12,000 a year, he turned down an offer of twice that and accepted the bid that really appealed to his talents: a job with Manhattan's top-drawer management consulting firm of Booz-Allen & Hamilton. Burns bagged a partnership within a year (still a company record) at age 34, became a corporate confessor for 30 of the nation's 100 top companies - including RCA. He dissected every department, hopped in between the balance sheets, shook up managements. Says he : "Consulting is a science because...
...lure Burns away from Booz, Allen, RCA gave him a ten-year contract providing for a $150,000 salary, with in creases to $200,000 over the next five years (plus an option on RCA stock). But it was not money that drew Burns to RCA. Says he: "I am attracted by the challenge." At RCA, new President Burns will find no shortage of challenges...