Inventium announce strategic partnership with Huron affiliate Innosight

19 September 2018 Consultancy.com.au

Australian innovation consultancy Inventium has signed a strategic partnership with Massachusetts-based strategy firm Innosight. The two will leverage the partnership to collaborate between their respective locales, extend both firms’ reach and impact and deliver services to client organisations through complimentary capabilities.

Inventium is a boutique innovation, strategy and management consultancy led by Amantha Imber. The consulting firm has worked with over 100,000 people around Australia and Asia Pacific to better innovate through a method derived from psychology (Imber’s formal training was in organisational psychology at Monash University), neuroscience and management science.

The Sydney-headquartered firm uses the intersection between these three schools to help organisations unlock creativity and grow through innovation. They are self-professed ‘science geeks’ who apply the latest scientific findings to “help organisations gain a competitive edge,” according to the firm. 

The firm offers services like building innovation capability, creating an innovative culture and shaping sustainability innovation in organisations. Innovation and corporate liberation is one of the fastest growing trends in the modern era, and Inventium have positioned themselves as leaders in the field. 

Imber said, “The team at Inventium is very excited to be collaborating with Innosight and bringing their work to Australia, as well as continuing to grow Inventium’s presence overseas. Innosight are the world leaders in helping organisations navigate disruption and uncover new growth opportunities, which will dramatically help many Australian businesses that we work with.”

“We are also particularly looking forward to working together to develop new IPs and ways to help our clients, and bringing our respective evidence-based views to challenges that our clients are facing,” said the firm’s founder and CEO. 

Their partnership with Innosight will give Inventium the opportunity to expand their services beyond Australia, as the U.S. firm has offices in Singapore, Switzerland and Massachusetts. Innosight is part of Huron Consulting Group’s network – global professional services firm headed in San Francisco – which extends through Canada, India and the U.K. as well.

Inventium announce strategic partnership with Huron affiliate Innosight

Scott Anthony, the managing director of Innosight Asia-Pacific said, “Innosight’s work in Australia over the last few years convinces us that we have a unique opportunity to help Australian leaders navigate disruptive change. There is a window for Australia’s great companies to deflect disruptive threats and seize emerging growth, if they act with urgency.” 

Innosight are known for their rigorous methodologies and frameworks, including their future-back growth strategy and dual transformation strategy. The two firms’ scientific approach to consulting is arguably what is drawing them together and will also aid them in their collaborative approach to developing new lines of intellectual property.

“We are excited about this partnership and look forward to collaborating with Inventium to advance our common aims. Australia is an important management consulting hub, and the partnership will open up new opportunities to serve and create lasting impact for client organisations there,” said Patrick Viguerie, the managing partner of Innosight.

Viguerie continued, “Inventium’s expertise and passion for an innovation culture and benchmarking is a powerful complement to Innosight’s leadership in growth strategy, transformation, and business model innovation.”

Inventium also practice what they preach. The type of business model innovation which Viguerie is talking about can be seen in the consultancy’s innovative approach to holiday leave. By giving her staff the freedom to take unlimited paid leave, Imber has cut down the amount of sick days which the firm takes to almost nothing. The scheme came into place two years ago and is emblematic of the firm’s highly regarded workplace culture.

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PwC and PwC Indigenous Consulting launch advanced reconciliation plan

20 March 2019 Consultancy.com.au

PwC Australia and PwC Indigenous Consulting have released a joint Elevate Reconciliation Action Plan, with a number of initiatives and commitments.

As a strategic framework for driving an organisation’s contribution to indigenous reconciliation both internally and in the communities in which it operates, Reconciliation Australia’s structured Reconciliation Action Plans consider five dimensions of reconciliation – race relations, equality and equity, institutional integrity, historical acceptance, and unity – with the RAP programme covering four stages of the reconciliation journey; Reflect, Innovate, Stretch, and Elevate. 

The latter strategic level – Elevate – is for organisations that wish to take on a leadership position in advancing national reconciliation, and have a proven track record of successfully embedding RAP initiatives. Together, professional services firm PwC and separate Indigenous majority-owned and managed member PwC Indigenous Consulting (PIC) have now launched their first joint Elevate endorsed RAP, covering the 2019-2023 period with a range of commitments.

“We are proud of the contribution PwC has made to reconciliation, but we know there is still much more to do,” said PwC CEO Luke Sayers. “We are committed to bringing our skills, expertise and amazing people to the challenge of making positive progress towards reconciliation. At PwC, our purpose is to build trust in society and solve important problems. In Australia, reconciliation with Aboriginal and Torres Strait Islander peoples is fundamental to achieving this and is core to Australia’s shared national identity.”

PwC and PwC Indigenous Consulting launch advanced reconciliation plan

Among the commitments as set out under the joint PwC RAP – which continues a reconciliation journey the Big Four firm set out on in 2010 – are initiatives to; increase contestable spend with Aboriginal and Torres Strait Islander suppliers; institute a pilot to fast-track the growth of 15 indigenous leaders which will be scaled to at least 50 nationally if successful, and; to employ 100 Aboriginal and Torres Strait Islander people over the next four years through a tailored recruitment program. 

“The RAP program inspires social change in workplaces across Australia, generating economic and behavioural transformation with far-reaching, positive impacts,” said Reconciliation Australia CEO Karen Mundine, who noted PwC’s strong track record on the core RAP values of relationships, respect and opportunities. “By raising the bar of its RAP ambitions, PwC and PIC continue to lead national reconciliation action in the professional services sector.”

In a joint statement, Jodie Sizer and Gavin Brown, the co-CEOs of PIC, said; “At PIC, our vision is to improve the lives of Aboriginal and Torres Strait Islander peoples and support self-determination through empowering Aboriginal and Torres Strait Islander led models and solutions. Reconciliation is a shared journey which celebrates the value of all world views, grounded in respect for the First Australians, and brings enormous potential for the future of our country.”

Established in 2013, PIC is majority co-owned by Sizer and Brown, and sits within the PwC Global network with PwC Australia as its minority shareholder. Sixty percent indigenous-staffed, PIC also has an independent indigenous Chair and a majority indigenous board, and together with PwC employs 45 Indigenous Australians – noted as the largest employer of Aboriginal and Torres Strait Islander accountants in the country.