Accenture PLC is a multinational management consulting company with headquarters in Ireland.
Their services cover several aspects, including strategy, advisory, multimedia, technology, and operations. Accenture's existing clients include 91 of the Fortune Global 100 and more than 3/4 of the Fortune Global 500.
After announcing Julie Sweet as new CEO on July 11, 2019, the largest independent technology service provider has been making moves, purchasing Symantec from Broadcom and ESR Labs.
Accenture provides professional service throughout several business sectors, including insurance, finance, travel, health, and medicine.
Accenture’s Mission Statement Analysis
Accenture began as a technology consultancy under Arthur Andersen’s accounting firm. They installed a UNIVAC I computer for General Electric, believed to be the first commercial use of a computer in the US.
In 2001, Andersen Consulting became known as “Accenture,” a play from the word “Accent of the Future,” which closely ties into their mission statement, “helping our clients create their future.”; in which Accenture prioritizes clients and guides them and becomes the “voice” for them towards a bigger and better future.
Accenture was recently named one of America’s Best Management Consulting Firms by Forbes for 2020 and had been continually trending upwards since its inception in 1989., (Source: https://nyjobsource.com/accenture.html).
Accenture’s Mission statement shows that the organization is knowledgeable of its crucial role in the dynamics of the corporate world. It is with a comprehensive understanding of the evolution of the business, financial, interests, and emerging technology, enabling them to deliver solutions curated to each organization. Accenture conducts a massive operation with its transactions covering business strategy, IT, digital marketing, data analytics, systems integration, outsourcing, and consulting. Accenture’s organization places these into four key platforms: strategy, digital, technology, and operations, (Source: https://www.accenture.com/us-en/about/company-index).
Accenture recognizes the need for organizations to have a strategic approach in conducting operations, one that implements strategy and design, and also masterful execution. Accenture’s goal is to guide organizations to leverage their resources better, establish their brand and build trust through accountability, transparency and measurable results, (Source: https://www.accenture.com/us-en/service-consulting-sustainability-overview-summary)
Accenture's Vision Statement Analysis
Accenture’s Vision Statement, “To become one of the world’s leading companies, bringing innovations to improve the way the world works and lives.”, is one that focuses on further future growth and development.
While they are already among one of the tops in the management consulting industry, they continually seek avenues to expand. With a labor force of more than 500,000 in more than 200 cities in 51 countries, Accenture is increasingly growing its reach.
Accenture defines their geographic regions like North America, Europe, and Growth Markets. These “growth markets” are nations that are investing in their productive capacity, moving away from traditional economies such as agriculture and exportation of raw materials. Accenture has identified these emerging markets in Latin America and Latin America.
Accenture has built a foothold in these economies as they help developing countries in their outlook towards more industrialized sources of income, particularly in India and the Philippines, the top options for business outsourcing. Data from 2015 show, the company employed about 150,000 workers in India, and 50,000 in the Philippines, (Source: https://www.gadgetsnow.com/jobs/Accenture-to-hire-aggressively-in-India/articleshow/15027086.cms).
As Accenture breaks into new markets, they look to enable businesses to break new grounds and unlock potential markets. With such an enormous workforce, they continue to be a massive presence in several sectors of trade and countries.
Besides being an established authority in their field, Accenture looks to seek new ideas for innovation. This is shown by their investment in the Innovation Architecture program. With this, they seem to be proactive in finding solutions to improve business through identifying and anticipating the game-changing market and technology trends. Together with MIT and Singularity University, they partnered in discovering ingenious ways to help their clients.
Other efforts of Accenture include using an open approach through partnering and investing in growth-stage companies, engaging in a range of specializations to develop modern software which aid in fresh digital creations and new mobile applications and use of IT for the industrialization of networks which optimizes business interactions, (Source: https://www.accenture.com/us-en/about/innovation-architecture-index).
The Dublin-based company continues to seek new solutions and has been an originator of the best practices in its field regarding data security and privacy. Through the automation of tasks, the company cut 17,000 back-office workers in 2017. Still, it retrained most of those staff in emerging technologies such as the cloud, artificial intelligence, and robotics, so that everyone could work with the firm, (Source: https://www.barrons.com/articles/the-20-most-sustainable-international-companies-51549658423).
Accenture Core Values Analysis
According to Accenture’s website, their core values are:
- Client Value Creation
- One Global Network
- Respect for the Individual
- Best People
- Integrity
- Stewardship
These core values are what Accenture believes defines them from the competition. They also acknowledge that these values should be embodied in the executive roles of each employee.
Accenture aims to instill these core values to everyone in their workforce to help attain their mission and vision. These core values serve as the base for Accenture’s identity and are what guides them in how they do business. Accenture aims to create a setting that promotes success both in its workers and in the clients, providing for them an opportunity to develop their business further.
Accenture also believes in the value of building long-term relationships with clients with their global market reach, the company also fosters diversity and creates opportunities for talented individuals to be supported and enriched in a collaborative work environment. Stewardship for the company means fulfilling the demands of clients with excellence and integrity key for building lasting network connections and satisfied stakeholders, (Source: https://www.accenture.com/us-en/about/company-index)
Looking into the years further, and with new market trends and room for growth, Executives are gaining an understanding of aligning sustainability with its core objectives. However, they also recognize the need for constant innovation, and the resulting transformation is influential to the industry and the economy. Entities such as Accenture could potentially play a critical role in the way businesses operate in hopes of continued growth and sustainability.
