History Initially called Andersen Consulting‚ Accenture was formally established in 1989 when a group of partners from the Consulting division of the various Arthur Andersen firms around the world formed a new organization focused on consulting and technology services related to managing large-scale systems integration and enhancing business processes. Accenture changed its name from Andersen Consulting in 2001 after severing ties from its parent company Arthur Andersen. The company went public
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Despite the fact that the number of employees at Accenture doubled from 2001 to 2008 accenture managed to reduce its spending per employee by 60% and reduce its overall IT expenses as a percentage of revenue by 58%. This was no miracle but a result of strategic business plan that was aligned with the IT. Some of the major problems that the parent firm Anderson faced was of interconnectivity among systems‚ remote access and its offices around the world implemented their own individual accounting and
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What are the advantages of working in a virtual environment like the one created by Accenture? What are the disadvantages? Advantages There are many advantages of working in a virtual environment 1. Reach to Customer : Office work environment limits an employee to the office only. In today ’s world there are lot of jobs specially consulting or outsourcing jobs requires deep understanding of customer processes ‚ which one cannot get just by reading document or talking to delegated people. It
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From: xxxx Sent: Wednesday‚ October 13‚ 2009 To: Accenture–CEO Subject: IT Components of Knowledge Management As you are aware‚ Accenture Knowledge Management team is getting ready to launch the new Knowledge exchange. Due to the increase in demand for KM‚ our team is emphasizing on improving our current knowledge management system. But in the past few years‚ with tough economy‚ KM is seen as low priority. With pressures to move the KM to offshore‚ there is 30% decrease in KM workforce.
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include decreased competition because of collaborative efforts and interdependence‚ and improved flexibility based on a lack of permanence within the company‚ as compared to formal departments. (Bovee‚ Thill and Mescon‚ Ed. 2007‚ p. 273). Key disadvantages for forming teams include inefficiency and groupthink. If the teams consist of employees who are not motivated to complete tasks on target goal and budget‚ the teams will spend more time discussing the problems than actually implementing problem
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Working for yourself is the American dream. Most employees have dreamed of being their own boss‚ and it has many benefits‚ but there are a few disadvantages to it as well. Advantages of working for yourself are that you are responsible to yourself. Your destiny is in your own hands‚ as well as your financial future. You determine how much work you do‚ when you go to work‚ when you quit for the day‚ when you take a vacation‚ how long the lunch break will be‚ and if you really want to put up with
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Advantages and disadvantages of working in a group "A group is a collection of two or more people who possess a common purpose" (Bennett 1997 (Hollings and Rimmer (2007) Pg 171)). This is shown where a shared goal is accomplished by multiple people together. Group work can be effective however problems may also arise in which could be detrimental to the effectiveness of the group. Working in groups can increase productivity if synergy can be formed. This is to say that "a group can give access
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Accenture Delivery Centers in India The Accenture Global Delivery Network features robust‚ rapidly expanding delivery centers in India that provide a comprehensive range of technology capabilities and Business Process Outsourcing (BPO) solutions. Accenture’s workforce in India accounts for more than 40‚000 employees. The Accenture Delivery Centers in India are uniquely positioned to leverage our industry expertise‚ functional capabilities‚ alliances and technology to produce tangible business results
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Executive Summary IBM and Accenture are both huge companies and uses five factor DuPont analysis to achieve a return on equity. IBM has a higher return on equity than Accenture‚ and therefore the management are more efficient in generating shareholder value per dollar invested. However both the companies are performing better than the industry average. IBM does also take lesser number of days to convert cash on hand compared to Accenture and industry average. But‚ Accenture is taking more days than
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socialise with other children or adults in an appropriate manner. In all these types of cases‚ the SLT will go into the schools and form a close‚ personal working relationship with each individually pupil. They will also undertake work with those children that have difficulty withdrinking‚ eating and swallowing. The SLTs form a close working‚ partnership with not just the child‚ but also their family‚ their school and any other healthcare professionals involved in the welfare of the child. Together
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