Arthur D. Little acquires Innovation Associates.CAMBRIDGE, Ma.--(BUSINESS WIRE)--August 15, 1995--Arthur D. Little, the international management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm, today announced the formal acquisition of Innovation Associates, the leading training and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a globally recognized for its expertise in enabling companies to become learning organizations. The original announcement of the intended agreement between the two organizations was released on June 30, 1995. The terms of the transaction were not disclosed. In announcing the completion of the acquisition, Tamara Erickson, senior vice president at Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. Inc., said, "The combination of Arthur D. Little and Innovation Associates creates an unmatched advantage for us in helping companies move beyond being a restructured player to a global winner." The Innovation Associates acquisition marks Arthur D. Little's third acquisition or alliance in the past five months. In February, the firm acquired the Joyce Institute, a leading ergonomics ergonomics, the engineering science concerned with the physical and psychological relationship between machines and the people who use them. The ergonomicist takes an empirical approach to the study of human-machine interactions. consulting firm, and in April, it announced a strategic alliance with workplace expert Robert Levering, author of The Best 100 Companies to Work For in America. Arthur D. Little, an employee-owned firm, is one of the world's leading consulting firms with 2,700 staff members based in 51 offices and laboratories around the globe. Headquartered in Cambridge, MA, it provides consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" in three areas: management consulting; environmental, health, and safety consulting; and technology and product development. Innovation Associates is the premier company in the learning organization business and a leader in the training industry. The firm was co-founded by Dr. Peter N. Senge, author of The Fifth Discipline: The Art and Practice of the Learning Organization, and director of the Organizational Learning Organizational learning is an area of knowledge within organizational theory that studies models and theories about the way an organization learns and adapts. In Organizational development (OD), learning is a characteristic of an adaptive organization, i.e. Center at the Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. Institute of
Technology's Sloan School of Management. Recognized around the
world as a pioneer and innovator, Innovation Associates has developed
many of the concepts and much of the technology in the organizational
learning field.
CONTACT: Arthur D. Little Inc. Celia Doremus, 617/498-5540 or Innovation Associates Irwin Mesch, 508/879-8301 |
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