...Executive Summary This analysis will address the business environment of Accenture. The focus of this investigation will be to identify the areas within Accenture that focus on decision support systems and knowledge management practices. This analysis will examine the strengths, weaknesses, opportunities and threats for Accenture within today’s complex business atmosphere. Organizations today are striving to remain competitive in a market that is not only complex but constantly changing. Organizations that are both private and public are under pressures that force them to respond quickly to changing conditions and be innovative in the way they operate their business. Once this investigation is complete organizations that are large, small, public, private or even nonprofit will benefit from the findings and gain a better understanding of how to implement knowledge management initiatives into their standard company best practices. Background Accenture is a global management consulting, technology services and outsourcing company. The company has experience capabilities across all major industries and business functions worldwide. Its business is structured around five operating groups, which together comprise nineteen industry groups. Accenture provides services to its customers through a global delivery network of over 50 centers (Accenture plc, n.d.). At the top of the list for Accenture’s top competitors is global giant IBM. IBM is one of the largest leading business intelligence...
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...In the past couple years the relationship between E-Commerce and globalization has become more complex then it was in the mid-2000s. Many economists believe that it is becoming more beneficial for local firms to stray away from conducting business nationally. As stated in a journal article from 2012, local firms may have certain advantages, which include “local knowledge, strong brand names, distribution channels and service infrastructure.1” This brings to question whether firms should invest in finding opportunities in local markets as opposed to using the internet and spending more money attempting to reach out to international markets1. Since 2007, commerce has seen a notable drop in capital being moved internationally of over 5 trillion dollars. David Francis of the Fiscal Times believes that the global economy is at a crossroads and has two paths in which it can take at this point. “One path involves economic regulation on a global scale, creating national economies with extremely close ties. The second path leads to a world where national economies are more isolated and rely on domestic consumption for growth.2” The second path seems to correlate with the first article’s belief in firms trending towards investing in local markets. A recent article in Forbes magazine seems to believe that customer relations is the key to developing and maintaining success between e-commerce involving foreign markets. Figure 1. Graph showing priorities of Customer Relationship...
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...PERSONAL ASSESSMENT GROWTH PLAN | ORGANIZATIONAL BEHAVIOR (BUS 5450) | ABIOYE TOLULOPE | PERSONAL ASSSESSMENT AND GROWTH PLAN A convenient starting point for a discourse of this nature would, expectedly, be to provide a brief sketch of my background. My formative years of knowledge- acquisition were spent at various educational institutions in Nigeria. Specifically, between the year 2004 and 2008, I was at the University of Ibadan, Oyo State for degree program leading to the award of Bachelor of Science in Geography. My inquisitive and adventure loving nature steered me easily to the sciences. I chose to study Geography because the earth in itself provides an immeasurable source of instantaneously occurring mysteries. I then went ahead to start my career in sales at a reputable Telecommunications company in Nigeria. After four years mastering the art of sales I decided a career change or at the least career advancement was needed to succeed in this competitive world, hence my decision to pursue a Masters in Business Administration to hone my analytical skills. There are various principles that shape my vision, goals, path and my life’s journey. Amongst the factors that drive me is a passion for excellence, excellence in everything I set out to do however minute the task is. The need to be a pacesetter, a trail blazer, someone that questions the status quo is inherently ingrained in me. Also, having an acute dislike for mediocrity is another factor that has an impact on...
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...Getting the best product/service at the best value G tti th b t d t/ i t th b t l Driven by a rigorous and collaborative approach Addresses all levers for savings Decisions based on fact based analysis and market Decisions based on fact based analysis and market intelligence A continuous process What it is NOT Focused ONLY on cost Getting the cheapest product/service G tti th h t d t/ i Ad‐hoc activities involving only purchasing Focused on “beating up suppliers” Decisions based on opinion, unjustified preference, Decisions based on opinion unjustified preference or complacency A one‐time project or decision Page 1 Scope of Strategic Sourcing? The scope of strategic sourcing extends beyond supplier price negotiation and takes into account the total cost of ownership Amount paid to suppliers Purchase Price Demand Drivers Specifications ocu e e t Procurement Practices Internal Processes Inventory Inventory Practices Total acquisition cost Internal Policies & Procedures Operational Operational Practices Page 2 Advantages of Strategic Sourcing? Create C t partnerships with suppliers Best practice sharing Cost savings Access to new suppliers Strategic Sourcing Increase quality Improve operational efficiency ffi i Standardize pricing Spec Copyright © 2010 Accenture All Rights Reserved. Page 3 Objectives of Strategic Sourcing? Objectives of strategic sourcing surround the reduction of cost while maintaining Obj i f i i d h d i f hil i i i or improving quality ...
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...in case if a reputable job isn’t grabbed afterward. After completing my bachelors in Management Studies and masters in Business Administration, the career that I have chosen is Management Consulting. Being a Management Consultant, has several benefits. Firstly, it offers good salary packages and high prospects to travel. Secondly, it offers opportunity to operate with top management of client’s organization. Lastly, the task never gets boring for the reason that it involves switching from one project to other and thus, provides opportunity to get hold of huge experience in distinct industries. Further, taking the above discussion into consideration this particular paper first highlights the job requirement of management consultant at Accenture. It also includes a thorough outline about the responsibilities and roles related to the position of Management Consultant. This is followed by providing a deep insight of my educational background, skills and abilities and also, mirrors the level to which my skills match with the required skills of the job profile. Lastly, the paper puts forward my personal development plan. Job Responsibilities of Management Consultant At the time when organizations face an issue which they can’t solve easily or they don’t hold the proficiency needed to plan their own path, then they generally look for the proficiency afforded by operating with a management consultant (Mullins, 2002). It isn’t an ordinary thing to operate as a Management Consultant...
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...Business Process Outsourcing Introduction Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments of its supply chain. BPO is typically categorized into back office outsourcing - which includes internal business functions such as human resources or finance and accounting, and front office outsourcing - which includes customer-related services such as contact center services. BPO that is contracted outside a company's country is called offshore outsourcing. BPO that is contracted to a company's neighboring (or nearby) country is called near shore outsourcing. Often the business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service. Knowledge process outsourcing (KPO) and legal process outsourcing (LPO) are some of the sub-segments of business process outsourcing industry. In 2010, the Philippines surpassed India as the largest business process outsourcing industry in the world. After growing 20 per cent in 2012, the BPO industry of the Philippines is estimated to gross revenue of upwards to $25 billion by 2016. By these estimates, the Philippines' BPO industry will account for approximately 10 per cent of the nation's GDP. History...
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...leadership theories are relevant to these set up. Introduction In today’s world we have emerged from the industrial age, into the information age where knowledge is our most valuable assets. The rapid technological development that have enabled this information age is also affecting the pace at which change is happening in the world. The pace of change is rapidly increasing and in order for organizations to be successful they need to keep up with this pace (Schwarz & Brock, 1998). In a recent business leader review with more than 400 senior executives around the world, forty-one percentages believed that new players from emerging markets will be the main development that will have impact on the business over the coming five years (Accenture, 2010). Their conclusion is understandable, as there have been a big change in the economic power ranking during the last 20 years. The BRIC (Brazil, Russia, India, and China) countries economy has...
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...OXFORD REVIEW OF ECONOMIC POLICY, VOL. 22, NO. 4 DOI: 10.1093/oxrep/grj029 OUTSOURCING AND OFFSHORING: IMPLICATIONS FOR PRODUCTIVITY OF BUSINESS SERVICES MARI SAKO Saïd Business School, Oxford1 This paper reviews the implications of outsourcing and offshoring for the productivity of business services in the UK. Official statistics indicate that business-service productivity has grown by over 20 per cent in the last 7 years at the same time as employment grew by 20 per cent. The paper considers possible factors that account for the simultaneous growth of employment and productivity. First, we discuss outsourcing and offshoring, and their role in enhancing productivity through greater specialization, standardization, and consolidation of business processes, and a shift to higher value-added services. Outsourcing of business services is interpreted as part of corporate restructuring, namely as the unbundling of corporate functions as well as vertical disintegration. Second, as some services become more like products, both low-skilled and high-skilled jobs are subjected to productivity growth through standardization and digitization. It is argued, however, that the future of business-service productivity is on a knife-edge, depending on the mix of two sources of productivity enhancement—namely greater standardization and capturing value from customized solutions. I. INTRODUCTION Services have become a dominant part of the UK economy, accounting for 66 per cent of GDP,...
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...2011 E d /E^ , /E^ / /E^ E d KsZs/t / , ^ ' W /E^ > d < d ' ' > d Top INSEAD employers for Consulting positions Classes of 2006 McKinsey & Company Bain & Company BCG Booz Allen Hamilton A.T. Kearney Roland Berger Deloitte Consulting Mercer Management Consulting Mercer Oliver Wyman L.E.K. Consulting Siemens Management Consulting Marakon Associates 75 (27) 46 (16) 36 (9) 17 (3) 8 (2) 6 (2) 5 5 3 3 3 3 (1) Classes of 2007 McKinsey & Company Bain & Company BCG Booz Allen Hamilton A.T. Kearney Roland Berger Monitor Group L.E.K. Consulting OC&C Strategy Consultants Trinsum (formerly Marakon) Arthur D. Little Oliver Wyman 106 (36) 40 (9) 35 (13) 21 (9) 12 (1) 9 (4) 6 4 (1) 4 4 3 3 Classes of 2008 McKinsey & Company BCG Booz Allen Hamilton Bain & Company A.T. Kearney Accenture Roland Berger Oliver Wyman Deloitte Consulting Monitor Group Opera Solutions PricewaterhouseCoopers 97 (39) 51 (22) 39 (8) 21 (10) 13 (2) 6 (3) 6 (1) 5 (2) 4 4 3 3 (1) Classes of 2009 McKinsey & Company BCG Bain & Company Booz Allen Hamilton A.T. Kearney Roland Berger PricewaterhouseCoopers Monitor Group Accenture Deloitte Consulting Oliver Wyman 78 (49) 44 (21) 43 (17) 23 (13) 11 (5) 8 (5) 7 (1) 6 (3) 5 (3) 4 (2) 3 (2) d ^ d : d /E^ ^ E /E^ ^ /E^ : W W W d K W W d W W D d W W / D s D W ^ : W ^ K ^ ,/>> W E / W s W s E D / E / D W W E Z ^...
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...BUSINESS INTELLIGENCE---A STUDY OF ACCENTURE As companies grapple with the current economic situation, many are recognizing that this particular downturn in the business cycle is different from those that preceded it. Indeed, today’s business context—characterized by rapidly intensifying globalization that has substantially increased the complexity, risk and uncertainty of doing business—has only served to exacerbate the challenge of managing through a difficult economy. Many of today's biggest challenges come down to the different kind of decision making required to be successful. Organizations seeking high performance must make faster and bolder decisions. Companies must think both the positive and negative consequences of decisions made in this fast-paced environment. The systematic study of the organization’s ability to develop and sustain a culture capable of delivering quality products and services over time enables us to identify and understand the general requirements for doing so and provides insight into how to do it. In this paper I will share what I have learned about creating and sustaining an organizational value through integrated sustainability programs and business intelligence that is capable of high performance in Accenture. In a time of changing consumer values and economic uncertainty, the marketing function has a more strategic role to play in driving growth and high performance. Are marketers ready to step up? Accenture believes so—if they are prepared...
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...Using the example of one or more types of outsourcing (IT, HR, etc) review the pros and cons of outsourcing and examine its implications for future firm strategic direction. Introduction Outsourcing has become an increasingly popular strategic tool for worldwide organizations. Due to two key phenomena such as technological advances and globalisation, most organizations have be forced to continuously produce goods and services in higher qualities and lower prices. Since the benefits of outsourcing were revealed, it has become an increasingly widespread strategic tool among organizations. A survey reports that up to 90 percent of Australian employers had out sourcing at least one activity and at least half of them had outsourced cleaning, catering, maintenance and transport (Stone, 2005:61). On the other hand, only 5 percent of outsourced organizations had reported highly satisfied with the outsourcing services ( McIvor, 2000). To gain a better understanding of whether outsourcing should be continuously pursued as a strategic tool, the following essay will be divided into four main parts. The first section will contain an outline of the motives of outsourcing. The second will be an exploration of possible advantages and disadvantages associated with the process. The last part will include implications for the strategic direction of the firm. First and foremost, it is essential to define the key terms relevant to the essay. According to Stone (2005,60), outsourcing is an organization...
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...Communication & Information Technology Paper University of Phoenix HCS/320 Health Care Communication Strategies Jada Harmon May 28, 2012 Electronic Medical Records (EMR) “is records about patient care that are kept on a computer rather than on paper, the traditional medium for patient histories. These records can include extensive information about a patient's general health, current and past illnesses and medical conditions, diagnostic test results and treatments and medications prescribed. Often, electronic medical records also include an application for prescribing and ordering medication.” (E How Health, 1999-2012) The history of EMR’S begin in the 1960’s when a doctor named Lawrence L Weed was the first to think of a theory to program and restructure patients medical records for the doctors use furthering to improve patient care. In 1967 Dr. Weed worked on a program called PROMIS (Problem Oriented Medical Information System) this was the basis to get the automated Electronic Medical Records started. This aspiration was to develop a system so that would administer timely and chronological patient information to the doctor to quickly collected information of the patient for medical purposes. During the 1970’s and 1980’s is when the Electronic Medical Records really begin to be used by hospitals by the 1990’s arrived with the progression of computers and diagnostic software Electronic Medical Records are used more increasingly. In today’s technology world time...
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...Michael Pay Professor Neidermier Business 10 Company I Value line analysis Accenture PLC- NYSE-ACN BUY Accenture PLC is a management consulting, technology services and outsourcing company aimed to assist businesses and governments. The partnership has demonstrated its expertise in the field by consistently increasing its revenue annually. With the exception of the recession in 2008- 2009 fiscal year, revenue has steadily increased in the past 11 years. Other key figures such as the cash flow and net profit has also shown favorable upward trends. It is also worthy to point out that the partnership has operated with negligible amounts of long term debt in the past 11 years of it operations.The company has also been gradually repurchasing its outstanding common stock shares, indicating the company's confidence in its future performance. The company also displays impressive financial statistics. During the last year of operation, the company reported 30 billion dollars worth of revenue as well as a 54 .23 % return on equity. Based off of my analysis, I believe that ACN is a worthy purchase for any serious investors. Amgen Inc.- NDQ-AMGN BUY Amgen Inc is an American multinational biopharmaceutical company that is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. Amgen has had a steady stream of drug approvals in the past...
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...Cloud computing and analytics Name: Course: Tutor: Date: 1. Introduction Organizations and individuals collect vast amounts of data in their day to day operations. Data growth comes from multiple sources: From the use of computing within an enterprise for business functions such as commerce, customer service, and resource management. Use of communication devices, including computers, tablets, and mobile phone by individuals for both work and personal use also increases the daily data collected. The instrumentation of physical infrastructure, such as electrical grids, highways, and buildings for more efficient monitoring and management, opens the opportunity to collect a lot of data. It is expected that the trend will continue as both enterprises and individuals find value in access to information and communication. The challenge lies in managing the dynamic nature of the data, keeping the data secure and applying the right analytic technique to use the information most effectively. New advances in computing technologies make it possible for organizations to take full advantage of the vast amount of data they collect. 2. Architecture Design Cloud computing is an umbrella term. It encompasses many types of services. What cloud computing does is take a process anchored to one company, one data center and one facility. It enables businesses to move from working within their own IT bubble and use the cloud to access technologies they need, when they need them, at the scale they...
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...RMIT International University Vietnam Bachelor of Commerce Program Assignment Cover Page Subject Code: | ISYS2110 | Subject Name: | Internet for Business | Location & Campus (SGS or HN) where you study: | RMIT Vietnam | Title of Assignment: | Case Study 5 | Student name: | Nguyen Thi Xuan ThaoTran Minh TienVu Hoang AnhDang Huynh Phuc | Student Number: | S3344173S3324264S3324522S3344162 | Teachers Name: | Rupan Kanti Das | Group Number: | 2 | Assignment due date: | 10/08/2013 | Date of Submission: | 10/08/2013 | Number of pages including this one: | 8 | Word Count: | 1000 | Contents I. Benefits of Applying RFID in Automotive Sector 3 1. Reduction in Time and Cost Consumption 3 2. Accuracy in Inventory Management 3 3. Simplifying in Working Process 4 4. Automating Asset Tracking 4 II. Risks of Applying RFID in Automotive Sector 5 1. High Implementation Cost and Effort 5 2. Data Thievery 6 III. Reference 7 I. Benefits of Applying RFID in Automotive Sector 1. Reduction in Time and Cost Consumption Applying radio frequency identification (RFID) can reduce manual scan transaction in production. To illustrate, Barjis and Chatfield (2010) mentioned some manufacturers have implemented scan of products’ barcodes after production steps. However, these transactions are conducted manually and account for significant percentage of employees’ activities (Gunther 2008). In addition, RFID can also eliminate a lot...
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