SlideShare a Scribd company logo
Out-Collaborate
The Crisis
How to sustain digital
transformation efforts in an
economic downturn.
Insights on cross-function collaboration from the
Accenture Industry X.0 2020 research.
Copyright © 2020 Accenture. All rights reserved. 2
Try focusing on
better cross-
function
collaboration!
It’s far more effective
than you might think.
Striving to
sustain digital
transformation in
the current
climate?
Let’s be honest:
Copyright © 2020 Accenture. All rights reserved. 3
We all know that even in “normal” times,
a lack of cross-function collaboration
increases costs, reduces returns on
investment and hinders growth.
And In the times of COVID-19?
Inter-functional competition—especially
on matters concerning digital
transformation—can be disastrous.
So, the question is…
Why aren’t we managing it better?
Copyright © 2020 Accenture. All rights reserved. 4
The age-old siloes-issue is still very much alive – and now, it’s hindering
digitalization efforts:
75%
of executives admit:
“Our business functions are
competing rather than collaborating
on digital projects.”
The cost of internal competition –
Copyright © 2020 Accenture. All rights reserved. 5
friction between functions increases cost and eats up expected revenues gains1):
5.8%actual overall
increase
in costs because
of redundant
Investments.
6.5%actual annual
revenue
growth versus
expected growth
of 11%.
64%of companies not
seeing a return on
their digital
investments.
1) n=1,550; percentages are for the three-year period from 2017-2019.
Copyright © 2020 Accenture. All rights reserved. 6
Let’s meet the companies
which are mastering cross-
function collaboration.
How can we fix this?
Average % gains in
revenue as a result of
digital transformation
investments made across
functions (2017-2019)
… their peers in revenue gains, EBIT
growth, and stock performance:
Copyright © 2020 Accenture. All rights reserved. 7
Collaboration
champions
outperform…
… their peers in revenue gains, EBIT
growth, and stock performance:
Copyright © 2020 Accenture. All rights reserved. 8
Collaboration
champions
outperform…
Average year-on-year
growth in EBIT (2017-
2019)
Collaboration
champions
outperform…
Copyright © 2020 Accenture. All rights reserved. 9
… their peers in revenue gains, EBIT
growth, and stock performance – even
during the height of the COVID-19 crisis:
Average daily share price
index (base date Jan. 1st,
2020)
Copyright © 2020 Accenture. All rights reserved. 10
How do the Champions do it?
Simply put: They’re more likely to emphasize:
1
Clarity and a common goal. They
clarify “what” digital transformation
means for their organization and why
everyone should collaborate.
2
Executive accountability. They hold
executives accountable for tight
collaboration between business
functions.
3
Choosing the right bets. Champions
prioritize projects that require or
stimulate close collaboration between
functions.
4
Platform interoperability. They
invest in and scale collaborative
platforms while avoiding the build-up
of “siloed” solutions.
5
IT-OT convergence. They establish
rules for their Information and
Operating Technology, and how the
two work together.
Copyright © 2020 Accenture. All rights reserved. 11
Which specific steps do they take?
Turns out, there’s five:
1. Plan the work and work the plan (establish clarity and a common goal).
2. Find your key people and empower them (ensure executive accountability).
3. Pick projects that bring people together (choose the right bets).
4. Make sure solutions speak the same language (prioritize platform interoperability).
5. Create rules for the road (drive IT-OT convergence).
Be specific, prescriptive, and clear
about the vision and mission for
your digital transformation.
Plan the work and
work the plan:
Copyright © 2020 Accenture. All rights reserved. 12
1
Clarity and a common goal
Copyright © 2020 Accenture. All rights reserved. 13
Assign ownership and
responsibility around cross-
function collaboration.
Find your key
people and
empower them:
2
Executive accountability
Copyright © 2020 Accenture. All rights reserved. 14
Prioritize digital initiatives that
stimulate cross-function
collaboration.
Pick projects that
bring people
together:
3
Choosing the right bets
Copyright © 2020 Accenture. All rights reserved. 15
Don’t compromise on inter-
operability.
Make sure
solutions speak the
same language:
4
Platform interoperability
Copyright © 2020 Accenture. All rights reserved. 16
Build smart IT-OT governance
policies from the get-go.
Create rules
for the road:
5
IT-OT convergence
Copyright © 2020 Accenture. All rights reserved. 17
Conclusion:
If you want to go fast, go alone. If you
want to go farther, go together.
Get the full report …
Copyright © 2020 Accenture. All rights reserved. 18
… for more data, a deeper dive
into Champion best practices,
and select case study examples
– completely free, no
registration required.
accenture.com/outcollaborate
Copyright © 2020 Accenture. All rights reserved. 19
Nigel Stacey
Industry X.0 Global Lead
nigel.stacey@accenture.com
Linkedin.com/in/nigel-stacey-80360236/
Raghav Narsalay
Industry X.0 Global Research Lead
Raghav.Narsalay@Accenture.com
Twitter.com/RaghavNarsalay
Aarohi Sen
Principal, Thought Leadership for Industry X.0
Aarohi.Sen@Accenture.com
Twitter.com/aarohisen
AboutAccenture
Accenture is a leading global professional
services company, providing a broad range of
services in strategy and consulting, interactive,
technology and operations, with digital
capabilities across all of these services. We
combine unmatched experience and specialized
capabilities across more than 40 industries –
powered by the world’s largest network of
Advanced Technology and Intelligent
Operations centers. With 509,000 people
serving clients in more than 120 countries,
Accenture brings continuous innovation to help
clients improve their performance and create
lasting value across their enterprises.
Visit us at www.accenture.com
Authors:

More Related Content

What's hot

Think Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the LeapThink Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the Leapaccenture
 
Security in the driver's seat: Achieving cyber resilience in automotive
Security in the driver's seat: Achieving cyber resilience in automotiveSecurity in the driver's seat: Achieving cyber resilience in automotive
Security in the driver's seat: Achieving cyber resilience in automotiveaccenture
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainmentaccenture
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainmentaccenture
 
The Industrialist: Sparks
The Industrialist: SparksThe Industrialist: Sparks
The Industrialist: Sparksaccenture
 
The Future State CIO: How The Role Will Drive Innovation
The Future State CIO: How The Role Will Drive InnovationThe Future State CIO: How The Role Will Drive Innovation
The Future State CIO: How The Role Will Drive Innovationaccenture
 
Reinventing the Last Mile: Win the Race to the Top (AU)
Reinventing the Last Mile: Win the Race to the Top (AU)Reinventing the Last Mile: Win the Race to the Top (AU)
Reinventing the Last Mile: Win the Race to the Top (AU)accenture
 
The Industrialist: Trends & Innovations - Sep 2021
The Industrialist: Trends & Innovations - Sep 2021The Industrialist: Trends & Innovations - Sep 2021
The Industrialist: Trends & Innovations - Sep 2021accenture
 
Change the Game
Change the GameChange the Game
Change the Gameaccenture
 
Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018
Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018
Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018accenture
 
Turning Possibility Into Productivity
Turning Possibility Into ProductivityTurning Possibility Into Productivity
Turning Possibility Into Productivityaccenture
 
Intelligent Enterprise Unleashed
Intelligent Enterprise UnleashedIntelligent Enterprise Unleashed
Intelligent Enterprise Unleashedaccenture
 
Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941
Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941
Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941WenRon
 
Scale your business through B2B eCommerce in China
Scale your business through B2B eCommerce in ChinaScale your business through B2B eCommerce in China
Scale your business through B2B eCommerce in ChinaTMO Group
 
Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...Capgemini
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainmentaccenture
 
Reinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the TopReinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the Topaccenture
 
Accenture presentation sydney
Accenture presentation sydneyAccenture presentation sydney
Accenture presentation sydneyMichael Buckley
 
Tech Adoption and Strategy for Innovation & Growth
Tech Adoption and Strategy for Innovation & GrowthTech Adoption and Strategy for Innovation & Growth
Tech Adoption and Strategy for Innovation & Growthaccenture
 

What's hot (20)

Think Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the LeapThink Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the Leap
 
Security in the driver's seat: Achieving cyber resilience in automotive
Security in the driver's seat: Achieving cyber resilience in automotiveSecurity in the driver's seat: Achieving cyber resilience in automotive
Security in the driver's seat: Achieving cyber resilience in automotive
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainment
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainment
 
The Industrialist: Sparks
The Industrialist: SparksThe Industrialist: Sparks
The Industrialist: Sparks
 
The Future State CIO: How The Role Will Drive Innovation
The Future State CIO: How The Role Will Drive InnovationThe Future State CIO: How The Role Will Drive Innovation
The Future State CIO: How The Role Will Drive Innovation
 
Reinventing the Last Mile: Win the Race to the Top (AU)
Reinventing the Last Mile: Win the Race to the Top (AU)Reinventing the Last Mile: Win the Race to the Top (AU)
Reinventing the Last Mile: Win the Race to the Top (AU)
 
The Industrialist: Trends & Innovations - Sep 2021
The Industrialist: Trends & Innovations - Sep 2021The Industrialist: Trends & Innovations - Sep 2021
The Industrialist: Trends & Innovations - Sep 2021
 
Change the Game
Change the GameChange the Game
Change the Game
 
Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018
Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018
Disrupting the Disruptors: Accenture Post and Parcel Industry Research 2018
 
Turning Possibility Into Productivity
Turning Possibility Into ProductivityTurning Possibility Into Productivity
Turning Possibility Into Productivity
 
Intelligent Enterprise Unleashed
Intelligent Enterprise UnleashedIntelligent Enterprise Unleashed
Intelligent Enterprise Unleashed
 
Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941
Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941
Gm prs-0600-fintechenterpriseventurepulsereport-v7highres-160309142941
 
Scale your business through B2B eCommerce in China
Scale your business through B2B eCommerce in ChinaScale your business through B2B eCommerce in China
Scale your business through B2B eCommerce in China
 
Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...Smart Factories: How can manufacturers realize the potential of digital indus...
Smart Factories: How can manufacturers realize the potential of digital indus...
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainment
 
Reinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the TopReinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the Top
 
9 Forces Shaping Cloud Management
9 Forces Shaping Cloud Management9 Forces Shaping Cloud Management
9 Forces Shaping Cloud Management
 
Accenture presentation sydney
Accenture presentation sydneyAccenture presentation sydney
Accenture presentation sydney
 
Tech Adoption and Strategy for Innovation & Growth
Tech Adoption and Strategy for Innovation & GrowthTech Adoption and Strategy for Innovation & Growth
Tech Adoption and Strategy for Innovation & Growth
 

Similar to The Benefits of Cross-Function Team Collaboration | Accenture

Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...Deloitte United States
 
Stepping Up the Pace
Stepping Up the PaceStepping Up the Pace
Stepping Up the PaceCognizant
 
Building the Digital Business: The 2016 CIO Agenda
Building the Digital Business: The 2016 CIO AgendaBuilding the Digital Business: The 2016 CIO Agenda
Building the Digital Business: The 2016 CIO AgendaTesora
 
How COVID-19 is Changing Property Management- 4 Trends that Are Here to Stay
How COVID-19 is Changing Property Management- 4 Trends that Are Here to StayHow COVID-19 is Changing Property Management- 4 Trends that Are Here to Stay
How COVID-19 is Changing Property Management- 4 Trends that Are Here to StayAppFolio
 
IoT: Powering the Future of Business and Improving Everyday Life
IoT: Powering the Future of Business and Improving Everyday LifeIoT: Powering the Future of Business and Improving Everyday Life
IoT: Powering the Future of Business and Improving Everyday LifeCognizant
 
Being Digital, Fast-forward to the Right Digital Strategy
Being Digital, Fast-forward to the Right Digital Strategy Being Digital, Fast-forward to the Right Digital Strategy
Being Digital, Fast-forward to the Right Digital Strategy Fabio Mittelstaedt
 
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...Builtio
 
Winning with the Industrial Internet of Things: How to accelerate the journey...
Winning with the Industrial Internet of Things: How to accelerate the journey...Winning with the Industrial Internet of Things: How to accelerate the journey...
Winning with the Industrial Internet of Things: How to accelerate the journey...accenture
 
Hot technology developments for 2019 and beyond
Hot technology developments for 2019 and beyondHot technology developments for 2019 and beyond
Hot technology developments for 2019 and beyondDeloitte United States
 
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity CurveOn-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity CurveCognizant
 
The Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital InvestmentThe Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital Investmentaccenture
 
The Search for Value: Five Trends in Digital Investment
The Search for Value:  Five Trends in Digital InvestmentThe Search for Value:  Five Trends in Digital Investment
The Search for Value: Five Trends in Digital Investmentaccenture
 
How can AI & Automation make your business processes intelligent
How can AI & Automation make your business processes intelligentHow can AI & Automation make your business processes intelligent
How can AI & Automation make your business processes intelligentMindfields Global
 
A process for defining your digital approach to business
A process for defining your digital approach to businessA process for defining your digital approach to business
A process for defining your digital approach to businessMark Albala
 
Make the leap, take the lead Slideshare | Accenture
Make the leap, take the lead Slideshare | AccentureMake the leap, take the lead Slideshare | Accenture
Make the leap, take the lead Slideshare | Accentureaccenture
 
Future of Enterprise Integration
Future of Enterprise IntegrationFuture of Enterprise Integration
Future of Enterprise IntegrationCognizant
 
HRI_Xively Report_The Journey to IoT_21July_Final
HRI_Xively Report_The Journey to IoT_21July_FinalHRI_Xively Report_The Journey to IoT_21July_Final
HRI_Xively Report_The Journey to IoT_21July_FinalJessica Groopman
 
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...5 Steps to Effectively Handle Digital Transformation and Business Disruption:...
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...SVRTechnologies
 
Accenture technology vision 2015
Accenture technology vision 2015 Accenture technology vision 2015
Accenture technology vision 2015 polenumerique33
 
Accenture technology vision_2015
Accenture technology vision_2015Accenture technology vision_2015
Accenture technology vision_2015Katsuhito Okada
 

Similar to The Benefits of Cross-Function Team Collaboration | Accenture (20)

Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
 
Stepping Up the Pace
Stepping Up the PaceStepping Up the Pace
Stepping Up the Pace
 
Building the Digital Business: The 2016 CIO Agenda
Building the Digital Business: The 2016 CIO AgendaBuilding the Digital Business: The 2016 CIO Agenda
Building the Digital Business: The 2016 CIO Agenda
 
How COVID-19 is Changing Property Management- 4 Trends that Are Here to Stay
How COVID-19 is Changing Property Management- 4 Trends that Are Here to StayHow COVID-19 is Changing Property Management- 4 Trends that Are Here to Stay
How COVID-19 is Changing Property Management- 4 Trends that Are Here to Stay
 
IoT: Powering the Future of Business and Improving Everyday Life
IoT: Powering the Future of Business and Improving Everyday LifeIoT: Powering the Future of Business and Improving Everyday Life
IoT: Powering the Future of Business and Improving Everyday Life
 
Being Digital, Fast-forward to the Right Digital Strategy
Being Digital, Fast-forward to the Right Digital Strategy Being Digital, Fast-forward to the Right Digital Strategy
Being Digital, Fast-forward to the Right Digital Strategy
 
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...
 
Winning with the Industrial Internet of Things: How to accelerate the journey...
Winning with the Industrial Internet of Things: How to accelerate the journey...Winning with the Industrial Internet of Things: How to accelerate the journey...
Winning with the Industrial Internet of Things: How to accelerate the journey...
 
Hot technology developments for 2019 and beyond
Hot technology developments for 2019 and beyondHot technology developments for 2019 and beyond
Hot technology developments for 2019 and beyond
 
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity CurveOn-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
 
The Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital InvestmentThe Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital Investment
 
The Search for Value: Five Trends in Digital Investment
The Search for Value:  Five Trends in Digital InvestmentThe Search for Value:  Five Trends in Digital Investment
The Search for Value: Five Trends in Digital Investment
 
How can AI & Automation make your business processes intelligent
How can AI & Automation make your business processes intelligentHow can AI & Automation make your business processes intelligent
How can AI & Automation make your business processes intelligent
 
A process for defining your digital approach to business
A process for defining your digital approach to businessA process for defining your digital approach to business
A process for defining your digital approach to business
 
Make the leap, take the lead Slideshare | Accenture
Make the leap, take the lead Slideshare | AccentureMake the leap, take the lead Slideshare | Accenture
Make the leap, take the lead Slideshare | Accenture
 
Future of Enterprise Integration
Future of Enterprise IntegrationFuture of Enterprise Integration
Future of Enterprise Integration
 
HRI_Xively Report_The Journey to IoT_21July_Final
HRI_Xively Report_The Journey to IoT_21July_FinalHRI_Xively Report_The Journey to IoT_21July_Final
HRI_Xively Report_The Journey to IoT_21July_Final
 
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...5 Steps to Effectively Handle Digital Transformation and Business Disruption:...
5 Steps to Effectively Handle Digital Transformation and Business Disruption:...
 
Accenture technology vision 2015
Accenture technology vision 2015 Accenture technology vision 2015
Accenture technology vision 2015
 
Accenture technology vision_2015
Accenture technology vision_2015Accenture technology vision_2015
Accenture technology vision_2015
 

More from accenture

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024accenture
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileaccenture
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial Systemaccenture
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyaccenture
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023accenture
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operationsaccenture
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Studyaccenture
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023accenture
 
Nonprofit reinvention in a time of unprecedented change
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented changeaccenture
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% meaccenture
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023accenture
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoaccenture
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industryaccenture
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023accenture
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accentureaccenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accentureaccenture
 

More from accenture (20)

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibile
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial System
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journey
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operations
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Study
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023
 
Nonprofit reinvention in a time of unprecedented change
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented change
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% me
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industry
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accenture
 

Recently uploaded

The Leading Cyber Security Entrepreneur of India in 2024.pdf
The Leading Cyber Security Entrepreneur of India in 2024.pdfThe Leading Cyber Security Entrepreneur of India in 2024.pdf
The Leading Cyber Security Entrepreneur of India in 2024.pdfinsightssuccess2
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfMont Surfaces
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanasabutalha2013
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptxrdishurana
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datassDilipParmar63
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptseri bangash
 
IPTV Subscription UK: Your Guide to Choosing the Best Service
IPTV Subscription UK: Your Guide to Choosing the Best ServiceIPTV Subscription UK: Your Guide to Choosing the Best Service
IPTV Subscription UK: Your Guide to Choosing the Best ServiceDragon Dream Bar
 
Pitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckPitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckHajeJanKamps
 
India’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfIndia’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfCIOLOOKIndia
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterNathanBaughman3
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
 
State of D2C in India: A Logistics Update
State of D2C in India: A Logistics UpdateState of D2C in India: A Logistics Update
State of D2C in India: A Logistics UpdateRedSeer
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corp.
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024Adnet Communications
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastInstBlast Marketing
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...Khaled Al Awadi
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.FelixPerez547899
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementBojamma2
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationAUDIJEAngelo
 
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...ssuserf63bd7
 

Recently uploaded (20)

The Leading Cyber Security Entrepreneur of India in 2024.pdf
The Leading Cyber Security Entrepreneur of India in 2024.pdfThe Leading Cyber Security Entrepreneur of India in 2024.pdf
The Leading Cyber Security Entrepreneur of India in 2024.pdf
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdf
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datass
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
IPTV Subscription UK: Your Guide to Choosing the Best Service
IPTV Subscription UK: Your Guide to Choosing the Best ServiceIPTV Subscription UK: Your Guide to Choosing the Best Service
IPTV Subscription UK: Your Guide to Choosing the Best Service
 
Pitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckPitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deck
 
India’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfIndia’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdf
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
State of D2C in India: A Logistics Update
State of D2C in India: A Logistics UpdateState of D2C in India: A Logistics Update
State of D2C in India: A Logistics Update
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
 
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
 

The Benefits of Cross-Function Team Collaboration | Accenture

  • 1. Out-Collaborate The Crisis How to sustain digital transformation efforts in an economic downturn. Insights on cross-function collaboration from the Accenture Industry X.0 2020 research.
  • 2. Copyright © 2020 Accenture. All rights reserved. 2 Try focusing on better cross- function collaboration! It’s far more effective than you might think. Striving to sustain digital transformation in the current climate?
  • 3. Let’s be honest: Copyright © 2020 Accenture. All rights reserved. 3 We all know that even in “normal” times, a lack of cross-function collaboration increases costs, reduces returns on investment and hinders growth. And In the times of COVID-19? Inter-functional competition—especially on matters concerning digital transformation—can be disastrous. So, the question is…
  • 4. Why aren’t we managing it better? Copyright © 2020 Accenture. All rights reserved. 4 The age-old siloes-issue is still very much alive – and now, it’s hindering digitalization efforts: 75% of executives admit: “Our business functions are competing rather than collaborating on digital projects.”
  • 5. The cost of internal competition – Copyright © 2020 Accenture. All rights reserved. 5 friction between functions increases cost and eats up expected revenues gains1): 5.8%actual overall increase in costs because of redundant Investments. 6.5%actual annual revenue growth versus expected growth of 11%. 64%of companies not seeing a return on their digital investments. 1) n=1,550; percentages are for the three-year period from 2017-2019.
  • 6. Copyright © 2020 Accenture. All rights reserved. 6 Let’s meet the companies which are mastering cross- function collaboration. How can we fix this?
  • 7. Average % gains in revenue as a result of digital transformation investments made across functions (2017-2019) … their peers in revenue gains, EBIT growth, and stock performance: Copyright © 2020 Accenture. All rights reserved. 7 Collaboration champions outperform…
  • 8. … their peers in revenue gains, EBIT growth, and stock performance: Copyright © 2020 Accenture. All rights reserved. 8 Collaboration champions outperform… Average year-on-year growth in EBIT (2017- 2019)
  • 9. Collaboration champions outperform… Copyright © 2020 Accenture. All rights reserved. 9 … their peers in revenue gains, EBIT growth, and stock performance – even during the height of the COVID-19 crisis: Average daily share price index (base date Jan. 1st, 2020)
  • 10. Copyright © 2020 Accenture. All rights reserved. 10 How do the Champions do it? Simply put: They’re more likely to emphasize: 1 Clarity and a common goal. They clarify “what” digital transformation means for their organization and why everyone should collaborate. 2 Executive accountability. They hold executives accountable for tight collaboration between business functions. 3 Choosing the right bets. Champions prioritize projects that require or stimulate close collaboration between functions. 4 Platform interoperability. They invest in and scale collaborative platforms while avoiding the build-up of “siloed” solutions. 5 IT-OT convergence. They establish rules for their Information and Operating Technology, and how the two work together.
  • 11. Copyright © 2020 Accenture. All rights reserved. 11 Which specific steps do they take? Turns out, there’s five: 1. Plan the work and work the plan (establish clarity and a common goal). 2. Find your key people and empower them (ensure executive accountability). 3. Pick projects that bring people together (choose the right bets). 4. Make sure solutions speak the same language (prioritize platform interoperability). 5. Create rules for the road (drive IT-OT convergence).
  • 12. Be specific, prescriptive, and clear about the vision and mission for your digital transformation. Plan the work and work the plan: Copyright © 2020 Accenture. All rights reserved. 12 1 Clarity and a common goal
  • 13. Copyright © 2020 Accenture. All rights reserved. 13 Assign ownership and responsibility around cross- function collaboration. Find your key people and empower them: 2 Executive accountability
  • 14. Copyright © 2020 Accenture. All rights reserved. 14 Prioritize digital initiatives that stimulate cross-function collaboration. Pick projects that bring people together: 3 Choosing the right bets
  • 15. Copyright © 2020 Accenture. All rights reserved. 15 Don’t compromise on inter- operability. Make sure solutions speak the same language: 4 Platform interoperability
  • 16. Copyright © 2020 Accenture. All rights reserved. 16 Build smart IT-OT governance policies from the get-go. Create rules for the road: 5 IT-OT convergence
  • 17. Copyright © 2020 Accenture. All rights reserved. 17 Conclusion: If you want to go fast, go alone. If you want to go farther, go together.
  • 18. Get the full report … Copyright © 2020 Accenture. All rights reserved. 18 … for more data, a deeper dive into Champion best practices, and select case study examples – completely free, no registration required. accenture.com/outcollaborate
  • 19. Copyright © 2020 Accenture. All rights reserved. 19 Nigel Stacey Industry X.0 Global Lead nigel.stacey@accenture.com Linkedin.com/in/nigel-stacey-80360236/ Raghav Narsalay Industry X.0 Global Research Lead Raghav.Narsalay@Accenture.com Twitter.com/RaghavNarsalay Aarohi Sen Principal, Thought Leadership for Industry X.0 Aarohi.Sen@Accenture.com Twitter.com/aarohisen AboutAccenture Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries – powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 509,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com Authors: