Accenture SWOT analysis – SWOT analysis

of Accenture
January 25, 2019 By Hitesh Bhasin Tagged With: SWOT articles

One of the top consulting firms in the world, Accenture is known for its four
arms of top performance. Accenture strategy, Accenture digital,
Accenture technology and Accenture operations. The company provides
management consulting, technology and outsourcing services. Here is
the SWOT analysis of Accenture.

Strengths in the SWOT analysis of Accenture

1. World’s largest consulting firm: In terms of revenue it’s the world’s largest
consulting firm which mainly focuses on IT and business consultancy. It has
fantastic business ethics & uncompromising standards for high performance.
2. Strong Clientele: It has a large client base with some top notch companies
having Accenture as their consultants. Nearly 90 out of the fortune top 100
companies & more than three quarters of fortune global 500 companies have
Accenture as a consulting firm.
3. Service Delivery Network: Accenture have global service delivery network
with presence in more than 200 cities, 56 countries & employing 390,000
passionate employees continuously working to give optimum service delivery
to end customers.
4. Client Driven processes: Strong business relations & client driven approach
by Accenture helps them in creating industry based, sustainable value for
their consulting partners.
5. Continuous improvement: Like Kaizen of Toyota, Accenture is always
looking towards improving its capabilities, hiring better and more talented
manpower, thereby matching their promise to the end customers.
6. Diverse capabilities: With its five operating groups namely communications,
Media & technology, financial services, health &public services
and product resources it has created diverse capabilities within its team.
Dedicated and trained manpower for each vertical is what differentiates
Accenture from the rest.
7. Expertise: With its client base stretching out from health care
to automobile to IT services, Accenture has a lot of experience and the talent
behind it to get things done. Hence, Accenture has become the “specialist”
or “experts” across different industries.
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Weaknesses in the SWOT analysis of Accenture

1. Lack of coordination: Accenture has 19 business units collaboratively
working with the clients and with each other. This leads to conflicts due to
lack of internal coordination.
2. Dependency on its consulting business: Although its business is in
management consulting, technology & BPO, but the consulting part forms
the major source of revenue for Accenture. This can be dangerous for the
company in the long run because running such a large operation requires that
the firm be ready for bad financial days.

Opportunities in the SWOT analysis of Accenture

1. Expansion of business: By targeting small & mid-sized projects &
expanding to other developing economies (Market development), Accenture
can increase its revenue even more.
2. Acquisitions: Accenture recently acquired ‘Gaspo”, an analytics solution
provider based out of Brazil. It also acquired Agilex technologies, which is a
digital & IT services provider for U.S Govt. agencies. Such acquisitions can
increase the analytic strength of Accenture thereby helping it in expansion.
3. Focusing on other businesses: More focus on technology & BPO, and
making the revenue equivalent to consulting, can help the firm to penetrate
the market even better. Also, this diversification will provide a cushion during
harsh financial times.

Threats in the SWOT analysis of Accenture

 1. Competition: Tough competition from IT giants like IBM,
Capgemeni, Infosys is the area of concern for the company.
2. Bad financial times: During the recession period it was tough for the
company because of over dependability on premium clients. The large clients
were the first ones which got affected badly by the financial downturn. And
hence the revenue drive to Accenture dropped badly

Accenture plc PESTEL &

Environment Analysis
Strategic Management Essays, Term Papers & Presentations
Accenture plc PESTEL analysis is a strategic tool to analyze the macro environment of the organization.
PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that
impact the macro environment of Accenture plc.

Changes in the macro-environment factors can have a direct impact on not only the Accenture plc but
also can impact other players in the Information Technology Services. The macro-environment factors
can impact the Porter Five Forcesthat shape strategy and competitive landscape. They can impact
individual firm’s competitive advantage or overall profitability levels of the Technology industry.
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PESTEL analysis provides great detail about operating challenges Accenture plc will face in prevalent
macro environment other than competitive forces. For example an Industry may be highly profitable with a
strong growth trajectory but it won't be any good for Accenture plc if it is situated in unstable political
environment.

Spanish oil giant Repsol had to face a similar instance. It started an above average profitability operations
in Argentina and made strong returns in 5-7 years. But the business was later expropriated by the Left
Wing government. So the decade long profits didn’t materialize in the end.

Order Now - Accenture plc PESTEL / PEST Analysis

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Political Factors that Impact Accenture plc

Political factors play a significant role in determining the factors that can impact Accenture plc's long term
profitability in a certain country or market. Accenture plc is operating in Information Technology Services
in more than dozen countries and expose itself to different types of political environment and political
system risks. The achieve success in such a dynamic Information Technology Services industry across
 various countries is to diversify the systematic risks of political environment. Accenture plc can closely
analyze the following factors before entering or investing in a certain market-

 Political stability and importance of Information Technology Services sector in the country's economy.
 Risk of military invasion
 Level of corruption - especially levels of regulation in Technology sector.
 Bureaucracy and interference in Information Technology Services industry by government.
 Legal framework for contract enforcement
 Intellectual property protection
 Trade regulations & tariffs related to Technology
 Favored trading partners
 Anti-trust laws related to Information Technology Services
 Pricing regulations – Are there any pricing regulatory mechanism for Technology
 Taxation - tax rates and incentives
 Wage legislation - minimum wage and overtime
 Work week regulations in Information Technology Services
 Mandatory employee benefits
 Industrial safety regulations in the Technology sector.
 Product labeling and other requirements in Information Technology Services
Economic Factors that Impact Accenture plc
The Macro environment factors such as – inflation rate, savings rate, interest rate, foreign exchange rate
and economic cycle determine the aggregate demand and aggregate investment in an economy. While
micro environment factors such as competition norms impact the competitive advantage of the firm.
Accenture plc can use country’s economic factor such as growth rate, inflation & industry’s economic
indicators such as Information Technology Services industry growth rate, consumer spending etc to
forecast the growth trajectory of not only --sectoryname-- sector but also that of the organization.
Economic factors that Accenture plc should consider while conducting PESTEL analysis are -

 Type of economic system in countries of operation – what type of economic system there is and how stable it is.
 Government intervention in the free market and related Technology
 Exchange rates & stability of host country currency.
 Efficiency of financial markets – Does Accenture plc needs to raise capital in local market?
 Infrastructure quality in Information Technology Services industry
 Comparative advantages of host country and Technology sector in the particular country.
 Skill level of workforce in Information Technology Services industry.
 Education level in the economy
 Labor costs and productivity in the economy
 Business cycle stage (e.g. prosperity, recession, recovery)
 Economic growth rate
 Discretionary income
 Unemployment rate
 Inflation rate
 Interest rates
Social Factors that Impact Accenture plc
Society’s culture and way of doing things impact the culture of an organization in an environment. Shared
beliefs and attitudes of the population play a great role in how marketers at Accenture plc will understand
the customers of a given market and how they design the marketing message for Information Technology
Services industry consumers. Social factors that leadership of Accenture plc should analyze for PESTEL
analysis are -
 Demographics and skill level of the population
 Class structure, hierarchy and power structure in the society.
 Education level as well as education standard in the Accenture plc ’s industry
 Culture (gender roles, social conventions etc.)
 Entrepreneurial spirit and broader nature of the society. Some societies encourage entrepreneurship while some
don’t.
 Attitudes (health, environmental consciousness, etc.)
 Leisure interests
Technological Factors that Impact Accenture plc
Technology is fast disrupting various industries across the board. Transportation industry is a good case
to illustrate this point. Over the last 5 years the industry has been transforming really fast, not even giving
chance to the established players to cope with the changes. Taxi industry is now dominated by players
like Uber and Lyft. Car industry is fast moving toward automation led by technology firm such as Google
& manufacturing is disrupted by Tesla, which has stated an electronic car revolution.

A firm should not only do technological analysis of the industry but also the speed at which technology
disrupts that industry. Slow speed will give more time while fast speed of technological disruption may
give a firm little time to cope and be profitable. Technology analysis involves understanding the following
impacts -

 Recent technological developments by Accenture plc competitors

 Technology's impact on product offering
 Impact on cost structure in Information Technology Services industry
 Impact on value chain structure in Technology sector
 Rate of technological diffusion
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Environmental Factors that Impact Accenture plc

Different markets have different norms or environmental standards which can impact the profitability of an
organization in those markets. Even within a country often states can have different environmental laws
and liability laws. For example in United States – Texas and Florida have different liability clauses in case
of mishaps or environmental disaster. Similarly a lot of European countries give healthy tax breaks to
companies that operate in the renewable sector.

Before entering new markets or starting a new business in existing market the firm should carefully
evaluate the environmental standards that are required to operate in those markets. Some of the
environmental factors that a firm should consider beforehand are -

 Weather
 Climate change
 Laws regulating environment pollution
 Air and water pollution regulations in Information Technology Services industry
 Recycling
 Waste management in Technology sector
 Attitudes toward “green” or ecological products
 Endangered species
 Attitudes toward and support for renewable energy
Legal Factors that Impact Accenture plc
In number of countries, the legal framework and institutions are not robust enough to protect the
intellectual property rights of an organization. A firm should carefully evaluate before entering such
 markets as it can lead to theft of organization’s secret sauce thus the overall competitive edge. Some of
the legal factors that Accenture plc leadership should consider while entering a new market are -

 Anti-trust law in Information Technology Services industry and overall in the country.
 Discrimination law
 Copyright, patents / Intellectual property law
 Consumer protection and e-commerce
 Employment law
 Health and safety law
 Data Protection

“We are problem solvers and path finders – we work with our clients to realize their full potential and to
help them become high-performing businesses or governments”, Blake Pounds ’89 told Business Honors
students at Mays Business School. “Examining symptoms, diagnosing the problem, prescribing a solution
and working with a business to improve productivity and efficiency is what consulting is all about.”
Pounds shared his experiences and observations about the field, and described how students can thrive
in an industry that demands problem solving, flexibility and interpersonal skills.

Pounds, a 25-year veteran of the field, is currently the managing director of Accenture’s Houston office.
Since completing his bachelor’s in finance from Texas A&M University and an MBA in international
business from The University of Texas at San Antonio, he has worked continuously with Accenture. He
also serves on the board of directors of the Greater Houston Partnership and the Cynthia Woods
Mitchell Pavilion.

“I was attracted to consulting for three things: The opportunity to work with sharp people, the variety of
the work and the continuous learning,” he explained. “You’re constantly learning and being challenged,
and you’re always encouraged to grow – personally and professionally. These are the things that have
kept me at Accenture for more than 25 years.”

At the Houston office, Pounds oversees 1,800 employees in five divisions – strategy, consulting, digital,
technology and operations. Under his leadership since 2013, the office has accelerated acquisition and
recruiting efforts. Pounds has also been active in leading Accenture’s efforts to give back to the local
community through its multiple Houston partnerships with organizations such as Genesys Works, Junior
Achievement, KIPP and the Prisoner Entrepreneurship Program among others. “I like taking ideas, seeing
an opportunity and working to grow it,” Pounds said of the progress of Accenture in Houston.

Throughout his career, Pounds has traveled to more than 30 countries, worked abroad on extended
multi-year assignments to Mexico City and London, and gained experience working with clients in a
variety of industries including financial services, chemicals, utilities and oil & gas. He shared his insights
into how students can succeed in consulting.

 Be comfortable with ambiguity

“The people I see struggling in this industry are those that don’t deal well with ambiguity,” he said.
“These people want to be told exactly what to expect in any situation. But the folks who are successful
are those that are confident and resourceful in any situation and say to themselves, ‘Wherever I am, I
have the resources I need and my firm behind me, and we’ll be able to figure out any problem.’”

 Work well with others

Pounds said consulting projects are similar to group projects in college courses, and that the team
dynamics are not very different. “On a team, there are classic behaviors: someone who emerges as a
leader, others who are hard workers and those who will contribute as required on specialist subjects. ”
he said. Team-working is essential to the demands of the consulting industry.

 Be digitally savvy

He shared advice for Aggies preparing for jobs: Stay abreast of digital technology. “Digital technology is
changing so quickly, and it’s disrupting long-standing business models,” he said. “Staying up to speed is
incredibly important, irrespective of what you study in school.”

His secret to success

Consulting is all about building relationships and partnering with the right people to solve problems,
Pounds explained. No matter which industry, he believes that staying in touch with clients on a regular
basis is crucial to success. “There can be a tendency to be opportunistic – only reaching out to a client
when they have a problem,” he said. “But it is important to know your clients and to stay in touch with
them, irrespective of whether there is a current opportunity. When the time comes when they have a
challenging problem to solve, they’ll tend to call the person with whom they have an ongoing
relationship based on mutual trust.”

3 Risks Facing Accenture

Plc
Shares haven't kept up with the market this year. Here are
three risks that could keep the IT consultant from catching up.
Palbir Nijjar
(CashRulez)
Jul 11, 2017 at 5:07PM
Accenture Plc (NYSE:ACN) has failed to keep up with the market over the past year,
but it has handily outpaced the S&P 500 during the recovery that began in March 2009.

ACN DATA BY YCHARTS

Much of Accenture's success can be attributed to a strong technology industry and

smart capital allocation by its leadership team. The stock price may have gotten ahead
of itself during the economic recovery, hence the lackluster returns over the past year --
but despite failing to beat the market over the past 12 months, there's little reason to
believe investors should be worried about the consulting firm's prospects over the long
term.
However, that doesn't mean Accenture is immune to risks. Let's look at some of the
things that may keep Accenture from continuing its strong performance.
Economic downturn
IMAGE SOURCE: GETTY IMAGES.

Accenture's current business prospects are solid. New bookings came in at $9.8 billion
in its latest quarter, up 7% over the same period last year, with consulting bookings
making up more than 50% of the total. However, investors can expect that growth to
stall or even reverse during a slowing economy. Client spending for Accenture's
services is often discretionary, and when it's time to cut costs, consulting work may be
first on the chopping block. For that reason, a serious global downturn could hit
Accenture harder than it may other companies.
Acquisition risk
To say Accenture has been on acquisition binge is an understatement. According to
data from Crunchbase, Accenture has announced 17 acquisitions halfway through
2017. It's already approaching the 19 total acquisitions it made last year. For
perspective, competitors IBM and Cognizant Technology Solutions have only made
two acquisitions each this year.
Most of Accenture's acquisitions have been of smaller, niche consultants that it should
be able to bring under its umbrella without any trouble. It's focusing on what it calls "The
New," its digital cloud and security-related services, and so far the strategy has had
mixed results. "The New" now accounts for over 50% of Accenture's revenue, compared
with 40% just one year ago. However, that performance has come at the expense of
profitability, as returns on capital have hit depths not seen over the past decade.
ACN RETURN ON INVESTED CAPITAL (TTM) DATA BY YCHARTS

Employee culture and satisfaction

According to Glassdoor, over 80% of Accenture's employees would recommend the
company to a friend, and 95% approve of CEO Pierre Nanterme. But those numbers
could change quickly if the company were to make acquisitions that don't fit the
Accenture mold.
Another risk to employee satisfaction is the company's recent decision to eliminate its
U.S. pension plan. Given the cost to maintain defined benefit plans, the move was not a
surprise, but it could have an effect on employee retention. Accenture's attrition rate did
jump from 12% in Q2 of fiscal 2017 to 15% in Q3, but that's not enough data to draw
any conclusions yet. The company also reported 15% and 16% attrition in Q3 and Q4 of
the fiscal year 2016, before it dropped to 12% in the first quarter of 2017.
Accenture is a relatively low-risk company with steady growth and consistent investment
returns. However, the risks discussed here should be front and center when making an
investment decision about the company.

4 Key Challenges from Accenture’s 2016

Compliance Risk Study
Posted on March 17, 2016
Hot off the presses, Accenture just published their 2016 Compliance Risk Study and the
consulting firm arrived at one critical conclusion: that the Compliance function in many financial
services firms is at a crossroads and, as such, Compliance needs to figure out the exact role that it
wants to play in the future.
This year’s Compliance Risk Study, which based on a survey of over 150 leading Compliance
officers at banking, capital markets and insurance institutions across the globe, shows the
Compliance function needing to chart a path towards tangible, sustainable outcomes that will re-
affirm its strategic positioning within the organization.

As such, we’ve summarized the 4 key challenges from the Accenture 2016 Compliance Risk Study
below.

Demand on Compliance Continues to Grow in Scale and

Complexity
New technology, and the related complexity that comes with it, is a key source of the increased
demand on Compliance. As an increasing number of firms explore various new business models
related to FinTech or digital business, for example, the once familiar Compliance landscape
becomes much more difficult to navigate.
But on the flip side, technology can also help the Compliance function. New technologies, such as
the ability to employ data science-based approaches to proactively identify and manage risk and
violations, have emerged to shift Compliance to a more effective model of risk management and
oversight. Unfortunately, such technologies are still in the early adopter phase, as many firms have
yet to fully embrace this new model. But Compliance teams are aware that increased adoption of
next-gen risk management tools is important, with two-thirds (67%) of firms indicating that
adoption of new tools is important in the next 12 months.

The Growth in the Compliance Function’s Stature Appears

to be Slowing
The study indicates that Compliance is facing struggling to perform as a strategic partner to the
business, as nearly half of the study participants stated that the number one capability required for
Compliance over the next year is a better understanding of how customer expectations are
changing. Gaining this insight can help Compliance take a more direct role in key front office
processes such as product design and sales / distribution by advising the front office on the risks
of originating new business as such.
As evidence of Compliance struggling this is regard, only 31% participants represented by
the 2016 Compliance Risk Study now report to the CEO, representing a 9% decrease from the
2014 level.

Meaningful Compliance Results Should be Delivered

Against More Complex Stakeholder Expectations
Compliance teams are increasingly being asked to do more with fewer resources amidst an
environment in which a more complex set of risks have emerged. To deliver meaningful results,
Compliance will need to optimize their operations processes in order to increase effectiveness
through improved efficiency. In fact, 81% percent of study participants have indicated that
optimizing Compliance operations is exactly what they intend to do.

Without streamlining operations, however, Compliance teams will face challenges in managing
the complex risks that have recently received significant attention of late. For example, half of
study participants have identified Fraud and Financial Crime as a risk that will be challenging to
manage in the next 12 months.
An example of operational improvement, according to Compliance teams, is leveraging
technology instead of adding to Compliance headcount, as technology has the double benefit of
reducing cost and enhancing the consistency of controls.

Decisions to be Taken, Choices to be Made

The study instructs Compliance teams to be confident in making the difficult choices necessary to
deliver exceptional risk management and to reassert its role in the organization.

As guidance in achieving this, Accenture recommends the following principles to help navigate
these choices:

 Reassert and clarify the role and mandate of Compliance, specifically in relation to the
front office
 Improve resource utilization
 Prioritize the development of high quality data and technology architecture
 Value and incentivize development of Compliance talent
 Regularly communicate the results of what can be a multi-year transformation journey

Summary
It’s clear that Compliance is facing a tough challenge in addressing increasing risk and complexity,
reduced resources, and operational inefficiencies. But Compliance teams can emerge victorious,
and, in fact, Compliance teams have underscored their confidence in this regard. As a next step,
however, Compliance needs to translate this confidence into a clear roadmap that proves to
executive management that Compliance can be both an effective risk manager and a strategic
advisor to the business going forward.

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What are the interesting and unknown facts about

Accenture?
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4 Answers

Dhrub Satyam Jha, works at Accenture

Updated Feb 8 2016 · Upvoted by Roopa k Reddy, Associate Software Engineering at Accenture (2015-
present) and Shubham Singh, Software Engineer at Accenture · Author has 204 answers
and 300.4k answer views
Found few interesting facts on Internet. Sharing here:

1. Training Accommodation
The initial two weeks of luxurious accommodation provided by Accenture is something one
really boasts of which is mostly a three star boarding or something close to that. On the
contrary the transition is also saddening when life is back to sqaure one in a flat or a PG.

2. GFT

GFT being the acronym for Green Field Training is the first two months of training provided
by Accenture to new joiners and is also the most colourful period of the entire journey.
Though in these two months we end up studying more than what we have in our entire
college life to prevent ourselves from RT’s, still there is a brighter side to it. Here people
meet new people, acqaintances, friendships, infatuations and definetely the list goes on,
which finally culminates after theGraduation Day.

3. ITP and Project

BENCH(ITP) as we all know it is the carefree span just after the GFT. Folks tend to ease
themselves after two months of torrid training. When coming to office is not a liability and
all that is required is attendance twice in a day which can be definitely proxied. Conversely
life drastically changes once you are HARDLOCKed(that is what we call) in a project. All the
frisk somehow vanishes and one feels like a newly wedded bride, a new environment,
dumped with KT’s every now and then.

4. My Learning

The learning portal of Accenture where one has to complete the trainings by clearing the
tests for each topics. And yes all questions are MCQs and yes there is no negative marking. I
hope I can also relate with you when you play inki pinki ponki with the options and finally
you clear it in the 5th or 6th attempt.

5. People.accenture.com

Invariably can be used as an alternative for facebook especially the Search button at the top
right corner of the screen comes in handy.

6. All sec Tool

The payroll site which alternatively holds the strings of all the employees, is put to use
definitely once in a month to check the pay slip and once in an year to fill the Income Tax
returns to get tax benefits.

7. Bengali Women

Well this is not a point that has a specific bar code associated with Accenture. Out of a
discrete set of observations they seem to be sweetest of the lot. Properly carrying themselves
in attire as well as conduct.

8. Men from Chandigarh and Delhi

They are the most suave and elegant of the lot. Chivalrous men-Proper haircut, stuble
trimmed, clothes with the best possible fittings, clean polished shoes and what not that they
have ingrained in themselves. They carry a different swagger amongst themselves which is
certainly worth watching.

9. Lift

Travelling in a lift is at times pathetic specifically when you are travelling from the basement
to the top floor. The train(hypothetically) stops at every station possible and somehow it
feels you are aging in it. By the time you come out you remember it was last year that you
boarded the lift.

10. Cafteria

Accenture has a huge employee strength in India. Which boils down to this that there is a
huge crowd in the cafeteria during lunch and finding a place to sit and have lunch is like
chasing a wild goose. Sometimes it becomes very tedious and having a buffet seems
convenient.

11. Sodexo

Long queues for sodexos are no less than people standing in a queue for ration. And
sometimes people forget to collect them as well.
12. Weekend Work

The idea of slogging even on weekends does make one feel desolated but on the brighter side
one does not refrain from relishing the food ordered from the best food outlet in town.
Thanks, the cafeteria remains closed on weekends.

13. Shoe Shining Machine

How can I forget this !! An utility just out the washroom reducing the effort of self
maintenance. However the paste fails to come out sometimes. Hopefully people can relate.

14. Ethnic wear

Yes Accenture does have a huge diversity in its work force. So, days when ethnic wear is the
dress code, it seems like a festival in office. Mostly people wear clothes representing their
culture and tradition creating a lively ambience.

“High Performance Delivered” as the tagline displays, everyone here thrives to

do so and the organization also does not refrain from catering to the needs of
its employees. Experiences are plenty that one encounters here, both personal
and professional but these memories will always be treasured by any
Accenturite!!

Accenture Plc is one of the biggest companies in the world. It is based in Dublin,
Ireland. It provides professional services. Its services include providing strategy,
consulting, digital technology, operational services, and outsourcing. It is a multi-
national company operating in several countries worldwide. Accenture is a part of
Fortune Global 500 companies. Accenture Plc is a public limited company listed on the
New York Stock Exchange. There are some interesting facts about Accenture Plc, and
we will look into them here.

Revenue Reflects it as Biggest Consulting Company

If income earned by the corporation is to be believed, it is the most major consulting

company in the world. It is included in Fortune Global 500 Company as in 2015 it
earned revenue of $32.9 billion. Therefore it is commonly believed to be the largest
consulting company as it generates the highest revenue.
Accenture India has Most Employees

Accenture India has the most employees. Easily double more than in other countries
from where it operates. Accenture Plc has approximately 300,000 workers. 40,000 of
them are in The U.S. India, however, has 130,000 employees. This could be because of
the low labor costs in India. Labour is very cheap in India as compared to the U.S.

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Most liked Information Technology Company

Accenture was named as the most admired Information technology service company in
the world by Fortune Magazine. This is because it is the most successful Information
technology services company with the highest revenue and a lot of clients. Fortune
Magazine named it is the most admired in 2016.
Formed by Arthur Anderson

Accenture Plc was created by Arthur Anderson. It was created as a consulting business
and technology division of accounting firm Arthur Andersen. Arthur Anderson’s first job
in the field was in the early 1950’s when he was selected to conduct a feasibility study
for mega-corporation General Electric for installing a computer at Appliance Park in
Kentucky.

Huge Clientele

Accenture Plc has a Huge Clientele. It operates in over 90 countries and 200 cities
worldwide. Its vast Clientele is the reason for the significant revenue. Its clients are
usually businesses. Its current clients include 94 out of the Fortune Global 100
company. Almost 75 percent of the Fortune Global 5oo companies are also clients of
Accenture.

Acronym of Accent
An interesting fact about Accenture Plc is that its name Accenture is a common
acronym derived from the word Accent. The name was suggested by a Danish worker
named Kim Peterson. It was a modern take on a company name and the name
Accenture proved to be very lucky for the corporation.
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Initially a private company

Accenture was originally a private business. It stayed so for quite a long time. It was in
2001 that for the first time the company had an Initial public offering in New York Stock
Exchange. The decision was an internal decision of the enterprise. It was suggested by
Accenture in 2001 and came into effect on 19 May 2001.

IPO
The Initial Public Offering or IPO was very successful. The share price was set at
$14.50. The response was much more than the anticipation of the company. Accenture
was able to make $1.7 billion on the first day of its stocking. It was able to make a
huge sum of investments for the company which was then used for various new
projects.
Accenture was not always Called by this Name

Accenture was not always called by this name. It was initially called Anderson
Consulting. The name was changed after the split between Arthur Anderson and
Anderson Consulting. It was first only a division of Arthur Anderson accounting firm.
The split happened in 1989. The company continued to function under the previous
name. It was called Accenture on 1st January 2001.

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Joe Glickauf

Joe Glickauf is commonly believed to be the first computer consultant. He was a part of
Arthur Anderson consulting firm. He was part of the business for twelve years. He was
one of the top employees in Arthur Anderson Consulting firm. He kept the position of
head of the administrative division. Joe Glickauf was a big asset of Accenture who lent
his expertise to the company.
These are some interesting facts about Accenture Plc. Accenture Plc is a pioneer in its
field and is the most sought-after company. Information technology students prefer
Accenture over all other firms when applying for a job. Accenture Plc not only is a well-
reputed company in its field but also has the great working environment.

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Home > Business

What travel warnings? Accenture chair

shrugs off geopolitics in Philippines
By Lala Rimando, abs-cbnNEWS.com

Posted at Nov 11 2010 04:06 PM | Updated as of Nov 12 2010 01:59 AM

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MANILA, Philippines - Alleged terror threats that resulted in recent travel
warnings issued by several governments are par for the course for multinational
companies doing business here.

“We have learned that there will always be geopolitical issues, economic disruptions
somewhere, sometime in the world all the time,” shared William D. Green, chairman
and CEO of Accenture, a global technology and outsourcing firm that has one-tenth of
its over 200,000 total global employee count in the Philippines.

“The best strategy is to learn how to navigate around the icebergs,” he told reporters
during a briefing on Thursday.

The confidence stems from a global network that spans 120 countries. Being exposed
to risks ranging from political, economic and other issues in between “are second
nature to us,” he added.

Travel warnings, he explained, are one of the issues processed by a “global asset
protection” team that ensures that the company’s resources in various territories are
broadly protected.

In the case of the Philippines, this team provides an on-the-ground knowledge that
provides management “a very unique knowledge” about the local business risks,
including the flow of expatriates traveling to and out of the country and the
local pool.

"Our biggest asset is our people, so we follow the advice of that organization,” he
said. “The health, safety and well-being of our people is our first priority.”

Green was in town to grace the launch of the local office’s additional 3 facilities in the
country. The Philippine operations is the third largest in its global portfolio, next to
India and the United States.

Accenture Philippines is one of the largest employers in the country and one of the
most aggressive outsourcing players in the country. It plans to expand its headcount to
25,000 by September 2011, a feverish 25% year-on-year growth.