Welcome to the first in a series of posts in which I’ll look at what makes companies genuine high-performance businesses, and discuss why so many fail to make the grade. Are enduringly successful companies simply in the right place at the right time? Can it really just be a matter of luck or is there more to it than that? Accenture has explored this topic in detail over the years, and we’ve identified a number of traits that we believe distinguish the winners from the also-rans of the business world.
So how do a select group of companies outperform their peers over a sustained period? And how do they manage to consistently grow both revenues and profitability, even during economic downturns and market disruptions? Is it down to the business ‘excellence’ that was the focus of so much business literature in the latter part of the 20th century, or is it the ‘greatness’ that everybody was talking about in the early part of the last decade? In 2003, Accenture embarked on a major research project to find out what really sets these companies apart. Over the past eight years, we have looked at over 800 companies across dozens of industries and going back decades. What we found is that truly great companies get to the top and stay there by accomplishing the one thing that evades the majority of companies: they jump the S-Curve of business performance.
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