Word: booze
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Dates: during 1960-1969
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Management Consultants Booz, Allen & Hamilton prescribed a stiff tonic: cut down on relatives in the management, diversify, set up separate divisions, expand overseas, sell stock to the public. Miles took the advice, lured outside talent into its executive ranks, acquired an enzyme and a dermatological firm, built four new foreign plants in four years, brought out several new products, including Chocks, a flavored, chewable vitamin for children. Booz, Allen predicted that Miles could thus double its sales and profits in ten years; Miles has actually done the trick far faster. Its sales have climbed from $51.5 million...
...months ago Eastern Air Lines President Malcolm Maclntyre, 55, summoned his vice presidents to his conference room in Manhattan and warned them that he was calling in management consultants Booz, Allen & Hamilton "to see if the right people are in the right jobs." Last week, shortly after Eastern reported a $12.5 million loss for 1963's first nine months, Maclntyre decided that he himself was not in the right job. He handed in a terse one-line resignation...
...they are turning to for many of the answers (though not the decisions) is a new and influential corporate executive who is expected to combine the brains of a scientist with the intuition of a soothsayer: the corporate planner. "Ideally," says Vice President John P. Gallagher of Booz, Allen & Hamilton, "the corporate planner would have a law degree, an engineering degree, and be able to walk on water." That ideal has not yet been reached, but more than 700 U.S. companies now have formal planners -and the idea is so new that 500 of the companies have hired their planners...
...developing a neighborly solution of their own. Nine banks in Hartford, Conn., plan to share a computer center; small banks in New York and Kansas are also taking up the idea. Such centers should make smaller banks competitive with big ones. The Hartford pool, designed by Chicago's Booz, Allen & Hamilton, will start in July, handling overnight all the deposit, savings and installment loan accounting for the nine banks. Each bank will simply have its entries typed up in special magnetic ink. At the close of day a truck will pick up the records and whisk them...
...they will begin showing some savings-though they won't estimate how much. Besides whittling their direct costs, the nine banks will also clip a day off their old account posting time, be able to offer better and cheaper service to customers. Programming ahead for the computer pools, Booz, Allen's Neal J. Dean, partner in charge of management information systems, sees the day when all banks will cease being banks as people know them and become a network of computer-run "financial utilities." When that day arrives, the depositor may not even get a glimpse...