Interdependent business strategies focused equally on growth, profitability and sustainability and trust are better placed to compete in future markets than one-dimensional strategies, according to new Accenture research.
The company has released a new performance index — the Competitive Agility Index — which identifies the corporate leaders of the future across nine industries and is based on a set of nine performance measures. The Competitive Agility Index revealed that automotive and industrial companies stand to gain the most from adopting interdependent business strategies that focus on all three dimensions — in the range of $1 billion per company. The top performing companies on the Index include: BMW, Schneider Electric, Honeywell and Daikin. According to the analysis of a set of 47 automotive and industrial companies, a $30 billion company that adopts a three-dimensional strategy could see revenues rise by almost $1 billion. Such competitiveness dimension needs to put emphasis on growth and automotive companies should seize the opportunities of changing sales channel structures and new mobility business models, Accenture said.