Hi-Tech Companies Lack Talent and IT Systems, Not Capital, To Expand Globally, Study Finds
Accenture sponsored survey of COO's shows shortcomings in talent and corporate IT systems threaten companies' progress in recovering from economic downturn.
An absence of sufficient talent and inadequate corporate IT systems, not a lack of capital, is hampering electronics and hi-tech companies planning to expand globally, according to a new study by Accenture Plc, the $22 billion consulting, services and outsourcing giant headquartered in New York.
Accenture surveyed C-level executives, specifically chief operating officers or their equivalent, at companies in the enterprise communication and consumer IT sectors with sales and distribution in the Americas, Europe and Asia.
The study, which was conducted from this past April through August, aims at helping electronics and hi-tech companies construct successful international operating models.
Participants were asked about their companies' global operations, efforts to recover from the global recession, strategic, core and back office business activities, operating models and competitive differentiation.