Accenture has officially opened its Management Consulting Innovation Center in Singapore to serve as a regional hub for developing innovative strategies that focus on maximizing opportunities and minimizing risk in a rapidly changing economy and increasingly global business environment.
The Center will enable clients to work with experienced consulting teams to further develop and align their business strategies in such areas as operational excellence, cost management and sustainability. Accenture will provide tangible solutions through case studies, diagnostic tools, simulation scenarios and hands-on demonstrations of leading-edge practices. The Center will also be a resource to help clients identify and enter new markets, increase revenues in existing markets and deliver their products and services more effectively and efficiently.
On a rotating basis, Accenture experts from around the world will work with clients in collaborative workshops and will develop thought leadership, research and intellectual property. These consultants will also work with professionals in other Accenture innovation centers and teams around the globe to integrate management consulting capabilities with insights from the company’s technology consulting, systems integration and outsourcing experts to better serve clients in the Asia Pacific region.
“We have created a unique environment in Singapore that brings together highly skilled individuals with the experience, knowledge, tools and technology to help our clients lay the foundation for their future growth,” said Mark Foster, Accenture’s group chief executive, Management Consulting & Integrated Markets. “With businesses facing issues more challenging than ever, those who regularly review, refine and adopt their strategies to respond to market trends will come out of the current economic climate better positioned for the future. Our Innovation Center is designed to help clients adopt strategies that will ensure that success.”
According to Teo Lay Lim, Accenture’s country managing director for Singapore, “Singapore serves as the regional headquarters for more than 4,000 multinational corporations, is a regional hub for innovation and also boasts one of the most highly skilled workforces in the world. This was the basis for our decision to open Accenture’s first Management Consulting Innovation Center here. As we help organizations navigate the new business landscape that is unique to Asia Pacific, the Center draws on Accenture’s global intellectual property and insights from the region and around the world, and combines that with innovation and technology to help drive business results.”
Accenture has partnered with the Economic Development Board in Singapore to open this Center. "We are delighted that Accenture has chosen Singapore as the location for its innovation center. Accenture can leverage Singapore’s position as the ‘home base’, away from home for these multi-national companies to address business challenges faced by clients across the different cultural, political and socio-economic climates in Asia," said Dr. Beh Swan Gin, managing director, Singapore Economic Development Board.
Through tailored workshops, Accenture’s management consultants will work with clients initially on six key business imperatives:
• Rapid and sustained cost management
• Operational excellence
• Effective mergers and acquisitions
• Customer acquisition and retention
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 publicservice sector.