Accenture : Strategic Decision Making

Decision making and communication are at the center of business success and efficient business analytics would only be effective through the use of proper information systems and that are up to date with current trends as well as optimizing on the available channels.

One frequently asked question in business today that is least answered is, as stated by David Chaudron, PhD (2003), “What can we do to make our business flourish, survive and grow?” With the rapid changes in technology and the rise in the globalization of markets, we must have a game plan in place for adjusting to these changes. It has become increasingly difficult to predict what is going to happen, and there are thousands of obstacles and opportunities along the way. To add to the confusion, there are thousands of products, solutions and methods for dealing with these changes. With many brands, sizes and varieties it is very difficult to choose what is best for your organization. Add to that,

As we head into the future, it important for any business organization to be prepared. The evolution of business technologically is rapid, and it’s important to

In this ever-changing modern day business environment, organizations should always be ready to adapt to the ever-changing concepts and customers’ needs. Both internal and external factors influence the kinds of changes that take place in any business or organization. As of the complex adaptive systems, in order to keep up with the constant upcoming changes, they need to keep on revising their goals and objectives. They can do this by assimilating to any current changes present in society.

Forecasting analytics will enable SYSCO to make appropriate upfront decisions and monitor customers as well as the industry. Extraction and data mining are also useful tools that will positively affect SYSCO’s decision-making process. Lastly, consulting support and employees’ training will facilitate the implementation of the new software in the company. For all these reasons, the use of BI at SYSCO can create a competitive advantage of the company in the industry. However, this competitive advantage depends on the competition – do the competitors use a similar software or by chance the same and do they already have a strong position in the market? Outperforming for example “U.S Food Service”, SYSCO’s main competitor, might be arduous if that company relies on a similar software and already has an eminent role in the

2. Uniqueness - There is no single path to follow to become an analytic competitor, and the way every company uses analytics is unique to its strategy and market position. Accenture 's use of analytics has always been unique to acquire the market position. Accenture, in telecommunication industry uses bundle

Changes are necessary for every organization in order to survive from strong competition, although changes always follow risks, organization must properly handle the existing institution, some employee’s resistance, or the uncertainty reduction. “Organizations pursue to enhance their competitive positions and their adaptability in volatile markets. At the same time, they seek the uncertainty reduction and inimitable resources that stability can provide” (Leana & Barry,

The field of data analytics and business intelligence excites me because it is a field where I can learn applicable “hard,” “technical” skills that are required to execute quality work.

“Competing on Analytics” defines an analytical competitor “as an organization that uses analytics extensively and systematically to outthink and out execute the competition.”(1) Business analytics is a new way for companies to separate themselves from their competitors. I recently completed an internship at the firm PricewaterhouseCoopers (PwC) and will work there full-time upon completion of this program. PwC uses analytics to help solve complex business issues and to identify opportunities across different industries. PwC is the largest professional service company in the world and is part of the Big Four accounting firms. PwC operates in over 157 countries with more than 750 offices throughout the world.(2) PwC is structured into three service lines, which are Assurance, Advisory and Tax. The assurance practice audits almost 30% of the global fortune 500 companies.(2) The advisory practice is mainly consulting activities that cover strategy, cyber security and privacy, human resources, deals and forensics. (2) These three practices generated $35.4 billion in revenue in 2015. (2)

To adapt successfully and efficiently to unexpected changes which are present in the business environment? The idea of adapting to unexpected changes has led to the evaluation one of the latest concept of agility. Agility is becoming key business strategy for all organisations as well as significant factors to a firm’s ability to survive in uncertain and turbulent markets. Agility can be defined in a simple word as being able to move quickly in any fashion. Agile enterprise can be adjusted quickly due to any expected or sudden changes in the environment rapidly and efficiently. In today’s world globalisation is increasing rapidly which has led to many changes in the market .Because of globalisation ,technology has increased the uncertainty in all sector, the ability of an business organisation to adapt to unexpected change is crucial in maintaining competitive advantage. Organisations across the sectors are trying hard to increase their agility so that they can produce innovative product to markets fasters. To survive in such an uncertain business world, it is recommended that organisations and their managers must identify risk fast to adapt changes quickly. It is best to step back and look the environment in which projects are operating today. There are three interrelated drivers that are impacting many organization today includes slow economic growth, shifting global market and push for innovation not just only in product design also in strategy as well.

In every long term strategic planning, many companies considered data collection and analysis as a fundamental activity. Big companies that strive to achieve a sustainable advantage over their competition made use of information management system to help them analyze their data. These activities have evolved to what is now known as business intelligence of BI.

The contemporaneous business community is extremely challenging and dynamic and the managerial teams in the organizations are forced to respond to a wide array of threats. Some of the new challenges for instance include the shifting demands of the customers, the increasing domestic and global competition or the advancement of technology. All of these challenges are common to the entire business community and each economic agent has to respond to them in the best possible manner.

The business world continues to change dramatically as new technologies are invented. Organizations and businesses are experiencing waves of technological change and innovation and the process. Thus, management strategies of the organizations have to be altered to match the new technologies if businesses are to remain competitive and active in the market place. Digital disruption can be defined as the changes that take place when new technologies and business models affect the promise of value to be delivered by existing goods and services (McQuivey 2015). Change experienced in information and communication technology cannot be assumed as this greatly affects business governance and business models. It is indisputable that business and organizations are facing imminent and major digital disruptions and it is important for each organization to understand the issues raised by digital disruption to be able to develop specific, pragmatic, and proportional responses (Deloitte 2015). This research seeks to show how digital disruption impacts business governance and how it opens unprecedented business opportunities and possibilities. The report shows how the innovations accompanying digital disruption changes economies and markets and how they reinvent relationships between organizations, suppliers and customers.

Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and

Distinctive Capability - ABC has a demonstrated capability to use analytics to create a competitive advantage from an investment management standpoint. Millions of data points must be continuously analyzed to ensure passive stock and bond investments, totaling in the trillions of dollars, are efficiently managed for performance and risk. On the client side the diverse business structures and the prior focus on efficient operations has to date limited ABC’s ability to build out a world class data analytics capability comparable to the one that exists on the investment side of their business.