• Sunday, Jan 23, 2022
  • Last Update : 03:32 am

PwC brings new business strategy ‘The New Equation’

  • Published at 05:29 pm August 11th, 2021

The strategy aims to build on and further enable the economic growth cycle

PwC India and Bangladesh on Wednesday unveiled The New Equation, a new approach in how the firm sees new opportunities to serve clients as they work to build trust and deliver sustained business outcomes to their stakeholders, according to a press release.

The strategy aims to build on and further enable the economic growth cycle that India will see in the coming years and help clients build trust and deliver sustained outcomes. And create over 10,000 additional jobs, with a focus in the areas of Digital, Cloud, Cyber, Analytics and Emerging Technologies.

The firm will also increase its campus hiring by over 5 times in the same time period.

The strategy will also focus on minimum of 40% gender diversity and spending at least 1% of revenues in upskilling its people and partners and setting up a PwC Research Institute to assist clients in identifying emerging trends across sectors.

It will also push for enhanced focus on entrepreneurial and private businesses, including Unicorns and startups. 

The New Equation is based on an analysis of trends and thousands of conversations with clients and stakeholders. This refreshed strategy speaks to the two most fundamental needs clients and organisations are grappling with today. 

First is the urgency to successfully respond to and change in the face of the major shifts shaping the world: technological disruption, the risks of climate change, fractured geopolitics, social tension, and the continuing effects of COVID-19. 

Second is the need to build trust at a time when it is both more fragile and more complicated to earn. The two are interdependent, and PwC India with its continued investments in its people and capabilities is uniquely positioned to deliver trust and sustained outcomes to its clients. 

“India has strong economic fundamentals, a huge advantage in the form of its demographic dividend and an ecosystem to boost innovation. Our new strategy will enable us and our clients to further the country’s economic development, harness the potential of the domestic market and create more opportunities for society at large,” said Sanjeev Krishan, Chairman PwC in India and Bangladesh. 

He also added: “Technology is a key driver of our strategy. We look at it as an enabler to help our clients achieve their strategic outcomes. We will couple the power of technology with expertise in areas like strategy, risk, deals, management consulting, and tax strategy, among others, to create sustained value for our clients.” 

PwC’s approach to building trust is designed to meet rising expectations of transparency and stakeholder engagement. It combines multidisciplinary expertise with an expansion of specialist capabilities including cybersecurity, data privacy, ESG and Artificial Intelligence.

“We are proud to be part of Bangladesh's transformation journey, and support the government and businesses to address their interconnected and diverse needs with our multi-disciplinary teams. PwC Bangladesh commits to creating more jobs with a focus on Digital, Emerging Technologies and Environment, Social and Governance (ESG) in the next 5 years” - Mamun Rashid, Managing Partner, PwC Bangladesh.

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