Accenture to Open Management Consulting Innovation Center in Singapore
SINGAPORE; Oct. 24, 2008 — Accenture (NYSE: ACN) will open a Management Consulting Innovation Center in Singapore in early 2009 that will be a regional hub for developing, enhancing and showcasing innovative ideas and offerings in management consulting and serve the company’s growing business in the Asia Pacific region.
The Center will focus initially on designing and developing global and regional operating models in response to trends related to globalization. It also will develop new approaches to sustainability and provide services to clients in areas such as pre- and post-merger and acquisition support and strategic cost management.
“In addition to having a strong track record of innovation, a robust infrastructure and an excellent workforce, Singapore is also home to the regional headquarters of more than 4,000 multinational companies, which makes it a strategically important location for our Innovation Center,” said Mark Foster, Accenture’s group chief executive, Management Consulting & Integrated Markets. “We believe that these companies, as well as public-sector organizations, can benefit from the kinds of innovative thinking and offerings that Accenture provides in a variety of business disciplines — from supply chain management to customer relationship management — and in many key industries in the region, notably consumer products, financial services, energy, mining, chemicals, communications, high technology and financial services.”
Consultants working at the Management Consulting Innovation Center will bring functional, industry and specialized consulting skills across a wide range of areas, including operating model architecture analysis and design; post-merger integration; business process analysis and design; and sustainability strategy, frameworks and measurement. They will work closely with professionals in other Accenture innovation centers and with other Accenture consulting teams around the world to integrate management consulting capabilities with complementary insights from technology consulting, systems integration and outsourcing to better serve clients around the region.
“The Management Consulting Innovation Center will serve as the base for a staff of dedicated subject matter experts who are experienced in using innovation and technology to help drive business results,” said Teo Lay Lim, Accenture’s country managing director for Singapore. “The Center will house content experts from around the world who will be based in Singapore for periods of time to conduct research, develop new insights and intellectual property, bringing the best of Accenture’s experiences and knowledge to the region. Experienced consulting teams will work closely with clients to provide tangible solutions through hands-on demonstrations, case studies, diagnostic tools, simulation scenarios and leading-edge practices.”
Accenture established operations in Singapore in 1975 and today has a strong presence in the market, serving domestic and international clients on transformation programs across a wide range of industries, including energy, telecommunications, high technology, financial services, consumer packaged goods and transportation, as well as with organizations in the public-service sector.
Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With more than 186,000 people in 49 countries, the company generated net revenues of US$23.39 billion for the fiscal year ended Aug. 31, 2008. Its home page is www.accenture.com
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