Posts Tagged ‘Business Transformation’

World Economic Forum Annual Meeting 2012

What great transformations will the world see in the next decade?

Tomorrow marks the kick-off of the 42nd edition of the World Economic Forum (WEF) Annual Meeting which will take place January 25-29 in Davos, Switzerland under the theme The Great Transformation: Shaping New Models.

Over 2,600 top officials from leading private-sector companies, governments, nonprofit organizations and academic institutions will gather to discuss the increasingly complex, interdependent and fast-paced era we live in whereby leaders return to their core purpose of defining what the future should look like, aligning stakeholders around that vision and inspiring their institutions to realize that vision. Ahead of the event Accenture CEO Pierre Nanterme outlines 3 trends that are driving this global transformation.

Like last year, Accenture Chairman Bill Green was once again invited to share his vision and opinions and will moderate a panel session entitled A Smart Growth Solution that examines how technological advances drive economic growth and employment.

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Accenture’s History: Accent on the future

Some speculated at the time of the IPO in 2001 that Accenture’s special culture and values wouldn’t be able to survive the transition to public ownership. The severe economic downturn that followed didn’t help the organization’s odds. But the partnership values and culture have retained a special meaning at Accenture.

The principles of it will never change—that is the emotional attachment, the ownership, the feeling of authority and accountability are the things we have to continue to hone and get right. Green was leading a town hall meeting at the St. Charles campus in the summer of 2004. There were about 800 employees in the auditorium, and one employee in the back of the room said, “I’ve been here three weeks. I think I understand some values, but what is this thing called stewardship?”

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Climbing a Curve: A Big Enough Market Insight

In my last post, I talked about how true high-performance companies manage to jump the S-curve, not just once but repeatedly. It is just as important, however, to understand how companies get onto and climb the S-curve in the first place. This requires something we call the Big Enough Market Insight, or BEMI. At Accenture, we believe this is at the heart of all successful businesses. A BEMI is an insight into the future of a market with enough growth potential to generate substantial revenues – and profit – for years to come. An insight so powerful that it puts your company way ahead of the competition, at least for a time.

To be a real high performer, it’s not enough to simply win. You have to win big; so big, in fact, that the market knows immediately that you’re playing in a different league to your competitors. One example is pharmaceutical company Novo Nordisk. Read more…

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