China's enterprises willing to invest in transformation projects

The skyline of Beijing. More Chinese enterprises are willing to invest in transformation projects, but they lack confidence in their change capabilities in organization, and a relatively small proportion of companies have mastered the ability to achieve significant value from change initiatives, according to a new report released by global consultancy Accenture. The report said all of the surveyed Chinese companies are planning to invest more than 5 percent of their total revenues in change initiatives over the next three years, while only 20 percent of the interviewed executives have confidence in their change capabilities. As business leaders are increasingly committed to driving reinvention across the enterprise, Accenture's latest report underscores the value of building continuous change capabilities for achieving a more predictable and positive impact across the business. Noting enterprises are facing mounting challenges from transformation, Robert Hah, president of strategy and consulting at Accenture Greater China, said they should push ahead with change initiatives with a focus on strategy, research and development innovation as well as operation and information technology.