The future of business relationships

Partnering with different organisations, professions and industries brings new perspectives. In FY11, business leaders from across Australia took part in PwC’s networking programs - such as CFO Ascent, NEDs and PEARLS - to look at issues beyond the daily concerns of their industries, and learn something new from someone unexpected.

Clients are no longer interested in consultants simply providing ‘solutions’; in order to create a sustainable business, they are increasingly choosing to co-create. Co-sourcing arrangements have the added benefit of transferring skills and sharing knowledge so that both teams learn from the experience.

Businesses can also create long-lasting value by collaborating with not-for-profit organisations. When the Australian Red Cross embarked on a major business process and technology overhaul, PwC was able to provide technical expertise to assist with understanding the needs of different business streams, and provide guidance on strategy development and execution to deliver sustainable change. Utilising our collaboration specialists at the difference, we brought together Australian Red Cross participants from around Australia to accelerate the process of creating the target operating model and also commence the implementation of the change program.