Accenture has announced shifts in the growth model, effective March 1, 2020, to extend market leadership, drive significant value for all stakeholders and continue to deliver market-leading growth, the company reported on Monday.
“The changes we are announcing today will unleash the full potential of the extraordinary capabilities we have built, create greater opportunities for our people, and act as a catalyst for us to again set the new standard in our industry,” said Julie Sweet, Accenture’s chief executive officer.
Accenture's new growth model will place greater focus on the technological field. The change in focus will allow the company to maintain its presence as the market becomes increasingly more digital. Accenture will also organize its market-leading capabilities into four services, including strategy and consulting, interactive, technology, and operations.
The company will divide its business through three geographic markets instead of operating groups, including North America, Europe, and Growth Markets to expand its global industry presence. Accenture will also make leadership changes and expand its Global Management Committee to include a broader representation of leaders from its services and geographic markets.
Accenture will further increase its ability to provide strategy to operations and digital skills to its clients. The growth model and committee changes will also allow its services to be transformative and innovative within the field.
“Accenture’s formula for market leadership is enduring: We continually transform our business and embrace change to create value for our clients with incredibly talented people, including our deep bench of experienced leaders,” Sweet concluded.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives.