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Accenture Names First Woman As US Group Chief Executive

Accenture named Julie Spellman Sweet to head its U.S. operations. As of next month, four of the six major consulting firms will have women leaders.

Accenture's announcement that Julie Spellman Sweet has been promoted to Group Chief Executive-North America means that as of next month, four of the six major consulting firms will have women leaders (Deloitte, IBM and KPMG are the others).


Virginia Rometty became Chairman, CEO and President of IBM in 2012.  Deloitte named Cathy Engelbert CEO in February and KPMG announced in April that Lynne Doughtie will be its next Chairman and CEO in the United States, starting July 1.

Sweet, who is also now a member of Accenture's Global Management Committee, previously was General Counsel, Secretary and Chief Compliance Officer.  Before joining Accenture in 2010, she was partner in the law firm of Cravath, Swaine & Moore, LLP, leading a corporate practice.  She also serves on the Board of Directors of the National Center for Children and Families and the Bipartisan Policy Center, as well as the Board of Trustees of Claremont McKenna College.

Women CEOs Lead Inclusive Cultures
Video: Novartis' Christi Shaw: "About 60 percent of my direct reports are women … when it comes to appointing leaders, Novartis is willing to accept and embrace the diverse perspectives and talents of all associates."

 

Video: KeyCorp's Beth Mooney: "Women lead, not with their differences, but by trying to be part of the team.

 

Deloitte's Cathy Engelbert: "The partners sponsored me and asked, 'What does Cathy need? What client should she work with?'"

In an interview two years ago, she discussed the importance of diverse views in senior leadership, saying  "With our top 20 leaders located across the world, we enjoy tremendous diversity in thinking and perspective, which ultimately helps us deliver results and makes this a great place to work."

Best Practices to Promote Women

There now are 25 women CEOs of Fortune 500 companies (or 5%). That also includes Rometty and the DiversityInc Top 50's Christi Shaw of Novartis Pharmaceuticals Corporation and Beth Mooney of KeyCorp, and DiversityInc 25 Noteworthy's Mary T. Barra of General Motors and Ellen Kullman of DuPont.

The DiversityInc Top 50 will now have six women CEOs (or 12%).

An analysis of the companies in the Top 50 with the best demographics for women in management and the executive level found they all have three factors – a strong, cross-cultural mentoring program, active women's employee-resource groups, and flexible workplaces with individualized programs.

One of the biggest gaps companies say they face in female executive retention is holding on to mid-career women.

Solutions they cite include "stay" interviews held much earlier in a woman's career to determine obstacles to her retention and engagement, leveraging technology to the maximum to enhance flexibility, and creating specialized resource groups for women with particular challenges, such as Women in Sales.

The Conversation

Low Consumer "Literacy" of Healthcare System Estimated to Cost $4.8B Annually, Accenture Report Finds

One in two consumers not proficient at navigating complexity of healthcare system.

REUTERS

Originally Published by Accenture.

A new report by Accenture has found that half of U.S. consumers are unable to navigate the complexity of the healthcare system on their own and that this low level of health system "literacy" costs the industry an estimated $4.8 billion annually in administrative expenses alone.

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Accenture Named a Leader in the IDC MarketScape: Worldwide Life Sciences Research & Development Vendor Assessment

In the report analysis, IDC Health Insights divided potential key measures for success into two primary categories: capabilities and strategies.

REUTERS

Originally Published by Accenture.

Accenture is positioned for a third consecutive time as a Leader in the IDC MarketScape vendor assessment, covering strategic consulting across the life sciences research and development (R&D) industry.

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Accenture Positioned as Overall Innovation Leader in HFS Software Product Engineering Blueprint Report

"Accenture has been recognized as a top innovator that leverages its deep understanding of software product engineering to drive excellence in its clients' journeys in the Platform Economy. Having made significant investments in futuristic technologies, Accenture is well-poised to lead and drive meaningful business outcomes for its customers."

REUTERS

Originally Published by Accenture.

Accenture (NYSE: ACN) has been named to the Winner's Circle and positioned as the overall leader in innovation, ahead of 24 other competitors, in HFS Research's 2018 Software Product Engineering Services Blueprint Report.

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Accenture Joins The Institutes RiskBlock Alliance as Lead Framework Architect to Expand Blockchain Use Within Insurance

Accenture helping build a distributed ledger framework to enable multiple insurance use cases this year

REUTERS

Originally Published by Accenture.

The Institutes RiskBlock™ Alliance, a blockchain consortium for the risk management and insurance industry, announced that Accenture (NYSE: ACN) will serve as the lead framework architect responsible for building a production-grade platform to develop and implement blockchain and distributed-ledger use cases. The platform will enable the RiskBlock Alliance to implement and test multiple use cases by the end of 2018.

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Majority of Business Leaders Say Sharing Customer Insights, Technology and Industry Knowledge is Critical to Competitive Agility, Accenture Study Finds

New research from Accenture finds that 84 percent of business leaders globally agree that building ecosystems – joining forces with other companies to share data, customers, technology and industry knowledge – is critical to their strategy.

REUTERS

Originally Published by Accenture.

With only a quarter of business leaders globally very confident they will achieve their 2020 growth targets, and 56 percent concerned that current growth strategies are at high risk of disruption, a new strategic approach is critical to enabling business success. New research from Accenture finds that 84 percent of business leaders globally agree that building ecosystems – joining forces with other companies to share data, customers, technology and industry knowledge – is critical to their strategy.

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Successful Companies Pivot to New Opportunities by Revitalizing – Not Neglecting – Their Core Businesses, Accenture Report Finds

Report identifies three actions common to the six percent of companies that have embraced the future most decisively

REUTERS

Originally Published by Accenture.

The majority (54 percent) of C-level executives expect their new business activities to generate at least half of their company's revenues within the next three years, even though only one-third (33 percent) of the executives said their company currently generates more than half of its revenues from business activities started in the past three years, according to new research from Accenture.

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Accenture Commits $200 Million to Education, Training and Skills Initiatives over next Three Years to Equip People Around the World for Work in the Digital Age

Commitment includes company's Skills to Succeed goal to equip more than 3 million people with job and entrepreneurial skills by 2020.

REUTERS

Originally published by Accenture.

Supporting its vision to improve the way the world works and lives, Accenture (NYSE: ACN) is committing more than US$200 million over the next three years to help equip people around the world with job skills for the digital age.

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REUTERS

Originally Published by Accenture.

While most companies recognize the value of a digitally enabled supply chain – empowered by new technologies like artificial intelligence, blockchain, big data and analytics ­– many chief supply chain officers (CSCOs) are not leveraging their C-suite counterparts to help reinvent the supply chain function and transform it into an engine of new growth models and customer experiences, according to new research from Accenture.

The research report, Drive Your Own Disruption: Is your supply chain in sleep mode?, reveals that the 900 supply chain executives surveyed were more likely to say that they see their function in two years as a cost efficiency driver (60 percent) or a support function (68 percent) than as a competitive differentiator (48 percent) or a growth enabler (53 percent) within their organizations, which can leave significant value on the table.

"Supply chain executives should take no comfort in being categorized as a support function," said Mohammed (Mo) Hajibashi, a managing director at Accenture and global Supply Chain lead in its Products industry practice. "In this digital era where customers demand speed to market and hyper-personalization, these executives need to ensure that their supply chain function is not only a key differentiator but also ensures the sustained growth of their organizations. The fast and efficient adoption of the right new technologies that enable a new way of working, along with increased C-suite engagement with the supply chain function, are the keys to achieving growth via new digital business models that create new customer experiences, craved by the consumer."

Accenture research found that 80 percent of the supply chain executives surveyed identify the chief information officer or chief technology officer – not the CEO, chief operating officer (COO) or chief financial officer (CFO) – as key stakeholders, even despite the major role the CFO has in making technology investment decisions and the COO's role in designing the operating model.

Furthermore, in many organizations, the supply chain isn't seen as a driver of differentiation and aggressive growth. Meanwhile, the CSCOs blame the absence of a clear business strategy (cited by 43 percent of CSCOs surveyed), together with an inadequately skilled workforce (48 percent) and incompatible legacy systems (44 percent), for their function's inability to drive value for the organization.

How To Overcome C-suite Challenges

According to the report, CSCOs have an opportunity to work with the full C-suite to overcome three core challenges – leadership, labor and legacy technology – and move their function toward better and more strategic partnerships that will provide the organization with increased value-driving potential.

  • Leadership. The CSCO will need to be better aligned with business strategy and build a new and productive working relationship with the executives responsible for long-term digital investment: the CFO and COO.
  • Labor. CSCOs need to build a workforce that focuses on core supply chain workers, "adaptive" (part-time and on-demand) workers and artificial intelligence / robotics — all working together to drive productivity at speed. The CSCO will also need to leverage their C-suite connections to secure support for a reskilling strategy founded on continuous learning.
  • Legacy Technology. Digitally decoupling legacy systems provides a less-resource-intensive and more impactful way to drive agility than spending on new, more compatible systems. CSCOs can start by decoupling data from their legacy IT systems, replicating it and moving it, in real time, to cloud-based data "lakes" that are accessible to customers.
To find out more about the report, visit Accenture.com/wakeupyoursupplychain. Join the conversation at @Accenture #supplychain and #wakeupyoursupplychain.