Just a few months on the job, and Accenture CEO Julie Sweet quickly moves to change the IT behemoth’s growth model. The new model along with adjusted global management committee will take effect on March 1, 2020.
Sweet provided her insights on the matter, “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,” further adding, “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.”
She and her team have organized the firm’s market leading capabilities into four services: Strategy & Consulting, Interactive, Technology, and Operations. Moreover, they have divided geographic coverage into three main buckets – North America, Europe and Growth Markets.
“Our growth model has always been a source of competitive advantage for us,” Sweet states. “In 2014, we created Strategy, Digital and the Growth Markets to grow our capabilities and position Accenture for the next waves of growth. Now, in 2020, with number one global market share and at about 65% of revenues in the New, we are changing to better serve our clients today and tomorrow and continue to scale from over 500,000 people and $43 billion in revenue.”