Asian firms get help on innovation

Accenture opens Singapore facility aimed at helping Asia-Pacific companies innovate amid changing economic and business conditions.
Written by Sol E. Solomon, Contributor

SINGAPORE--Accenture has opened a center designed to help clients in the region develop innovative strategies, focused on maximizing opportunities and minimizing risks in the rapidly-changing economic and business environment.

Consulting teams at the Accenture Management Consulting Innovation Center, officially launched Thursday, will work with clients to develop and align their business strategies in areas such as operational excellence, cost management and sustainability.

Mark Foster, Accenture's group chief executive of management consulting and integrated markets, said in a statement: "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."

Accenture said the facility will also be a resource center to help clients identify and enter new markets, increase revenues in existing markets and deliver products and services more effectively and efficiently.

The IT services consulting firm will also provide case studies, diagnostic tools, simulation scenarios and hands-on demonstrations of best practices at its center.

Teo Lay Lim, Accenture's country managing director for Singapore, said: "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."

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