Accenture: Strategic Management of People and Teams for Innovation

This presentation analyzes Accenture's approach to managing people and teams, emphasizing the importance of innovation and strategic management. It explores Accenture's strategies for fostering innovation, including creating an equality culture and leveraging team collaboration. The presentation highlights the challenges Accenture faces in fostering innovation, such as focusing on Applied Intelligence and managing health challenges, while also detailing the ways Accenture addresses these challenges through approaches like "fail fast" and fostering cross-departmental ideation. The presentation also examines the importance of adapting to the changing business environment and hiring the best workers to empower new technological capabilities. Finally, the presentation emphasizes the need for management, people, and teams to work collaboratively to achieve success.


Management,
People and Teams


 In companies, managing people and teams is
important.
 This helps in better performance and development
effectively.
 Organisations are required to create an
environment for employees to excel.
 It gets easy for a company to face challenges with
the help of team building.
 Companies can easily achieve its goals and mission
while managing employees to reach success.
Introduction


 Accenture is an Irish-domiciled multinational
company.
 Across the globe, the company provides professional
services linked to consulting, strategy, technology,
digital and operations.
 Current clients of Accenture include three-quarters of
the Fortune Global 500 and 91 of the Fortune Global
100.
 Company’s segments are Media, Communications and
Technology, Health and Public Service, Resources,
Financial Services, and Products (NY, 2020).
Company: Accenture


 In business, innovation helps in growth
enhancement.
 It helps companies to gain profitability.
 In changing business environment, innovation opens
new ideas, adapt changes by making commitment
and explore markets through technology (Finch,
2019).
 Accenture drives innovation for making
improvements.
 The company uses strategy that operates with both
business and technology.
Innovation


 In today’s complex environment, innovation is a
challenge within organisational models of both public
and private sector.
 Accenture faced the challenge of fostering innovation
in terms of implementing ecosystem strategy.
 Innovation helps in fostering organisational culture
along with team collaboration in Accenture.
 It is essential in business for people and teams to
engage together while implementing and building an
innovation ecosystem strategy (Martini, Ciobo, &
Rose, 2016).
Challenges of Fostering Innovation


 Accenture face the challenge of focusing on Applied
Intelligence (AI).
 The company requires identifying and recognising
deep-tech growth (Katte, 2019).
 AI in business is for helping clients with solving their
complex problems as per the innovative B2B
(business to business).
 It enables Accenture to transform companies digitally,
to make a reality of intelligent products and services.
 The challenges include data analytics, industrial AI,
artificial intelligence and automation.
Cont...


HealthTech Innovation Challenge
Source: (Francis & Granstra,
2016).


 Accenture want its people and teams to manage the
health challenges.
 It includes affordability, accessibility and
transparency for fostering innovation (BBH, 2016).
 Across the globe, it will help in bringing creative
solutions and innovative technology.
 This will improve the way people manage and access
healthcare.
 Lastly, Accenture is focusing on accelerating the
early stage enterprise adoption of technology
innovations (Businesswire, 2018).
Cont...


 Accenture creates an equality culture to drive
innovation.
 Employees are an asset to the company with
best talent.
 The company requires flourishing culture with
right people (Shook & Sweet, 2018).
 In the workplace environment, Accenture
ensure to maintain equality.
 This helps in advancing higher positions which
is a powerful growth and innovation multiplier.
Accenture managing people and
teams


 Accenture strategic objective is to accelerate
innovation with the help of teams.
 Fostering innovation helps in making experience of
citizens better as per their expectations.
 Improving financial and economic conditions where
governments are forced to do more with less.
 With the increase in complex social challenges, the
people and teams within the company manages to
pursue an internal strategic shift actively.
 This is possible for the company by achieving more
through technology.
Accenture’s approaches to manage




 Innovation is important for Accenture.
 It incorporates clear objectives by fostering team
collaboration and managing organisational strategy
in the company.
 Accenture uses the approach of “fail fast” for people
managing risks and working effortlessly altogether
(Kluwer, 2017).
 The employees of the company are organised to
foster cross-departmental ideation.
 It allows space dedicated while working on
innovation activities (Burns, 2016).
Cont...


 The company should encourage creativity and to think
outside the box.
 Accenture should improve in opening up organisational
space for creative ideas.
 It is essential for the company to set the bar beyond the
reasonable (Newenham, 2013).
 Accenture should maintain while collaborating and
developing external relationships.
 Accenture should hire the best workers for empowering
new set of technological capabilities.
 It based on their expertise and skills possessing
tremendous capabilities (Accenture, 2019).
Ways of addressing challenges


 Accenture works hard on fostering innovation.
 The company only requires some changes and improvements
while facing challenges and enhancing overall performance.
 It is essential for the company to keep management, people
and teams altogether to work collaboratively and achieve
success overall.
 Accenture developed the innovation culture adopting
approaches and ways to address challenges of fostering
innovation in the workplace.
 The company made sure to keep its employees motivated and
encouraged to develop and generate ideas in order to create
innovation culture.
Conclusion

 Accenture. (2019, February 7). Empower the human+ worker. Retrieved from Accenture:
https://www.accenture.com/us-en/insights/technology/future-of-work
 BBH. (2016, September 27). Accenture launches HealthTech Innovation Challenge to foster
technology innovation. Retrieved from BBH:
https://www.buildingbetterhealthcare.com/news/article_page/Accenture_launches_HealthTec
h_Innovation_Challenge_to_foster_technology_innovation/121177
 Burns, E. (2016, September 19). Accenture opens Future Camp for digital innovations.
Retrieved from CBR: https://www.cbronline.com/uncategorised/accenture-opens-future-
camp-digital-innovations/
 Businesswire. (2018, July 2). Accenture Seeks Emerging Innovators and Disruptors for Third
Annual Accenture HealthTech Innovation Challenge. Retrieved from Businesswire:
https://www.businesswire.com/news/home/20180702005134/en/Accenture-Seeks-Emerging-
Innovators-Disruptors-Annual-Accenture
 Finch, C. (2019, April 4). Fostering Innovation in the Workplace. Retrieved from QAD:
https://blog.qad.com/2019/04/fostering-innovation-in-the-workplace/
 Francis, J., & Granstra, C. (2016, September 15). Accenture Launches HealthTech Innovation
Challenge to Foster Technology Innovation In the Healthcare Industry. Retrieved from
Newsroom: https://newsroom.accenture.com/news/accenture-launches-healthtech-
innovation-challenge-to-foster-technology-innovation-in-the-healthcare-industry.htm
References

 Katte, A. (2019, July 23). Accenture Ventures Hosts Second Edition Of Annual Challenge Focused
On Applied Intelligence — Gives AI Startups A Platform To Scale. Retrieved from Analytics:
https://analyticsindiamag.com/accenture-ventures-hosts-second-edition-of-annual-challenge-
focused-on-applied-intelligence-gives-ai-startups-a-platform-to-scale/
 Kluwer, W. (2017, December 12). On the Winning Side of Innovation: Omar Abbosh, Chief Strategy
Officer at Accenture, Interviews Nancy McKinstry. Retrieved from Wolters Kluwer:
https://wolterskluwer.com/company/newsroom/news/2017/12/on-the-winning-side-of-innovation-
omar-abbosh-chief-strategy-officer-at-accenture-interviews-nancy-mckinstry.html
 Martini, L., Ciobo, M., & Rose, L. (2016). Eight steps to foster innovation through successful
ecosystems. Retrieved from Accenture: https://www.accenture.com/t00010101T000000__w__/au-
en/_acnmedia/PDF-37/Accenture-Eight-Steps-Innnovation.pdf
 Newenham, P. (2013, October 14). Five ways to create a culture of innovation in the workplace.
Retrieved from The Irish Times: https://www.irishtimes.com/business/five-ways-to-create-a-culture-
of-innovation-in-the-workplace-1.1557801
 NY. (2020, February 7). Accenture. Retrieved from NY Job Source:
https://nyjobsource.com/accenture.html
 Shook, E., & Sweet, J. (2018). Getting to Equal 2019: Creating a culture that drives innovation.
Retrieved from Acceture: https://www.accenture.com/gb-en/about/inclusion-diversity/gender-
equality-innovation-research
Cont...

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Thank You