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How Accenture Assets Other Organizations To Achieve Their Aim

4976 words - 20 pages

How Accenture Assets Other Organizations to Achieve Their Aim

Accenture was established in 1989 mainly as a technology specialist
and system join together; Accenture soon began offering a new type of
business integration solution to clients, solutions that associated
organisations, technologies, processes and people with their

Accenture has expanded its offerings and capitalised on evolving
management trends and technologies to benefit its clients

Joe W. Forehand, a partner with 30 years of experience, was named CEO
in November 1999 and chairman of Accenture’s board of directors in
February 2001. Under Forehand’s leadership, Accenture became a public
company in July 2001 when it listed on the New York Stock Exchange.

By 2000, Accenture had achieved more than a decade of tremendous
growth, with net revenues exceeding US$9.5 billion and more than
75,000 professionals in 47 countries delivering to clients a broad
range of consulting, technology and outsourcing services and

On Jan. 1, 2001, the company changed its name to Accenture (from
Andersen Consulting) as the result of an arbitrator’s decision in
August 2000 that severed the contractual ties between Accenture and
Andersen Worldwide Société Cooperative (AWSC). Accenture then launched
one of the largest and most successful re-branding campaigns in
company history. The new name reinforced Accenture’s new positioning
and reflected the organization’s further growth and broadened set of

By 2001, it became apparent to Accenture’s partners that maintaining
the organization’s existing structure—since its inception in 1989,
Accenture had operated as a group of locally owned independent
partnerships or other entities in more than 40 countries—would limit
the company’s ability to continue its growth. Therefore, the partners
decided to transition to corporate form, enabling Accenture to build
and acquire the necessary capital to remain competitive and fuel its

In April 2001, Accenture’s partners voted overwhelmingly to pursue an
initial public offering, and Accenture became a public company on July
19, 2001, when it listed on the New York Stock Exchange under the
symbol ACN.

Today Accenture is a global management consulting, technology services
and outsourcing company, identifying new business and technology
trends and developing solutions to help clients around the world enter
new markets, increase revenues in existing markets, improve
operational performance, and deliver their products and services more
effectively and efficiently.

After nearly five years as CEO, Mr. Forehand stepped down from that
position on Sep. 1, 2004, retaining the position of chairman. He was
succeeded as CEO by William D. Green, a partner with more than 26
years of experience at...

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