Strategic Issues in Management, People, and Teams at Accenture

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Added on  2022/09/23

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AI Summary
This presentation analyzes Accenture's strategic approach to fostering innovation, focusing on the management of people and teams. It begins by outlining Accenture's global presence and core business areas, highlighting the company's commitment to digital transformation and industry-specific solutions. The presentation then delves into the challenge of fostering innovation within the company, emphasizing the need for flexible, cross-functional teams and a culture that encourages creativity. It explores Accenture's reinforcing practices for innovation, including a customer-centric approach, open culture, and protection of intellectual property. The presentation also examines specific challenges, such as the Applied Intelligence Challenge and the HealthTech Innovation Challenge, illustrating how Accenture leverages collaboration and investment to drive innovation. Furthermore, it addresses the importance of building an equality culture and driving innovation through human services agencies. The presentation concludes by summarizing Accenture's strategies for overcoming challenges, fostering a culture of innovation, and adapting to the evolving needs of the workforce in the digital era. It emphasizes the company's commitment to continuous learning, technology integration, and the importance of management, teams, and people in driving innovation across various industries.
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Presentation Notes
#Slide1
This presentation will focus on understanding strategic issues in relation to management,
people and teams. It is essential to integrate underlying principles in relation to the challenge
of “fostering innovation” in Accenture while using an approach to management the company
for future success. The discussion will lead towards addressing the challenge of fostering
innovation in Accenture along with strategic objectives or vision and approach to manage the
needed actions and strategies. In the workplace, it is essential to identify and address such
challenge for the company while encouraging employees to foster future growth and
expansion.
#Slide2
In Dublin, Ireland, Accenture is headquartered along with offices in over 51 countries across
the globe where the company is engaged in delivering and accelerating digital transformation
and industry-specific solutions development. The company helps in costs reduction and
outsource functions of technology. In the workplace, the experience of employees is in key
business areas of various industries such as supply chain management, customer relationship
management, business strategy, outsourcing and technology. Also, there are over 492,000
employees in the company overall with numerous benefits and the CEO of Accenture is Julie
Sweet.
#Slide3
In companies, there is a need of innovation which helps in value creation and creativity by
altering or making improvements consistently through developing new ideas. However, it is
essential to have flexible cross-functional teams along with putting them in roles that makes
them uncomfortable to achieve change or improvisation by keeping them motivated as well
while fostering innovation. Therefore, Accenture face the challenge of fostering innovation
while managing people and teams to enhance performance and solve problems creatively for
accomplishing success and increased productivity. It is essential for the company to make
improvements in innovation for providing best customer experience through delivering
quality products and services in the marketplace.
#Slide4
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Accenture adopt reinforcing practices for innovation by agreeing on a specific and clear
focus, leading with the customer experience, open culture establishment, proximity to
innovation encouragement, protecting the company’s core intellectual property, undertaking
due diligence on potential partners, modifying operating models for mutual success and
architecting for change. In the company’s global innovation ecosystem, Accenture was
helped by market opportunities of start-ups maximisation and fostering innovation but faced
further challenge of creating an innovation culture. Next slide will discuss about the Applied
Intelligence Challenge.
#Slide5
This challenge of Accenture requires the management, people and teams to comprise by
collaborating altogether and co-creating solutions for clients such as large enterprises across
the globe.
#Slide6
Another challenge the company faced to foster technology innovation was the launch of
HealthTech Innovation Challenge in the healthcare industry. It required the company to make
investment by funding in fuelling start-up through open innovation that is $6.5 billion of the
industry.
#Slide7
In today’s time, digital disruption is making basic change in the health industries and life
sciences where competitors make significant impact on the company along with the way of
approaching healthcare across the globe. There are various challenges in healthcare where
this step of Accenture helps in tackling these challenges by managing to bring top health
leaders and emerging start-up companies together. In terms of fostering innovation, this
challenge will help in wellness and prevention, therapeutics and diagnostics, and healthcare
services in the workplace.
#Slide8
In business, building an equality culture is a priority of Accenture delivering a power to drive
innovation mindset of employees to foster across the globe. There is equality between
economic potential and innovation where people are more comfortable and have the ability to
innovate faster-growing economies along with higher labour-productivity growth in
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geographies. Accenture makes sure about people feeling sense of belongingness and valuing
teams while managing them who make unique perspectives, contributions and circumstances
to foster innovation and empowering to innovate.
#Slide9
The human services agencies of Accenture helps in driving innovation with a framework to
achieve greater effectiveness in innovation management and to deliver necessary results. The
company measures their performance against strategy, absorption, impact and benefits,
ideation, and execution as pillars of Accenture’s innovation structure with the help of
management, people and teams.
#Slide10
Accenture overcome its challenges to foster innovation by focusing on outcomes and
operations where leading agencies drive the agenda of innovation for achieving it by creating
right conditions including ecosystems, leadership and culture, technology, and skills, finance,
ability to scale and impact measurement.
#Slide11
Accenture along with its management, people and teams, fosters innovation in people,
process and services. The company’s leaders for making innovation foster a mindset of
shifting towards encouraging and embracing ideation. Accenture plans for Future Camps for
fostering creativity and agility through innovation for making a positive working
environment for the company’s management, people and teams. In this digital era, the
challenge of fostering innovation requires the company to work at its best.
#Slide12
Accenture recruits, manage, and hire the best workforce for Human+ by thriving post-digital
era. The company leverages technology in the workplace for fostering culture and closing the
workforce gaps to establish and maintain continuous learning. It is crucial for the company to
adapt human+ needs by growing collaboration between technology and humans for creation
of new opportunities along with upcoming challenges. Accenture is leading across the globe
where its business should close the remaining gaps as well and adapt technology strategies
for successful creation of the next-generation workforce along with meeting their needs while
taking care of management, people and teams overall.
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#Slide13
To conclude, Accenture developed an innovation culture by aspiring growth, choosing
efficient resources to work effectively, and discovered different innovation and technology to
lead towards fostering innovation. Other than this, the company evolved with different
agencies for achieving profitability along with facing challenges. Accenture accelerated
implementation and development of innovation in different industries with the help of its
management, people and teams against its competitors. The company make sure to take steps
in every scale and segments also with extending innovation and creativity. Lastly, the
company made sure to mobilize management, teams and people to foster innovation along
with facing challenges by being rewarded, motivated and organised consistently.
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