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PwC Strategy&

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Namestring
PwC Strategy&
Legal namestring
PwC Strategy& Parent (UK) Ltd
Company typeenum
Private
Founded yearint
2014
Descriptiontext

PwC Strategy& is the global strategy consulting arm of PricewaterhouseCoopers, operating as a wholly-owned practice within the PwC network of member firms and headquartered in London under the legal entity PwC Strategy& Parent (UK) Ltd. The practice traces its lineage to Booz & Company — established in 1914 as Booz Allen Hamilton — which PwC acquired in 2014 and rebranded as Strategy&. It serves large multinational enterprises, governments, and public-sector institutions across 15+ industries (aerospace and defense, automotive, chemicals, consumer markets, entertainment and media, financial services, health, industrials, metals and mining, oil and gas, power and utilities, public sector, technology, telecommunications, and transportation) and six functional practices (business strategy, customer strategy, operations strategy, organizational strategy, product and service innovation, and technology strategy).

The practice does not sell software; its portfolio consists of advisory solutions and codified frameworks delivered as consulting engagements, reports, and published research. Flagship intellectual property includes the Fit for Growth framework (and accompanying practitioner book co-authored by Principals Vinay Couto and Dr. Deniz Caglar), Capabilities-Driven Strategy + Growth, Deals Strategy, Digital Solutions, and Risk and Regulatory Solutions. Knowledge products include the award-winning strategy+business magazine and The Katzenbach Center. Operations span 20+ countries with named legal subsidiaries in the UK, USA, Germany, and Austria; headcount is 5,001–10,000; and the firm holds the #6 spot in Management Consulted's inaugural 2026 global ranking behind only Bain, McKinsey, BCG, Oliver Wyman, and Kearney.

The business model is professional services fees from project-based or retainer consulting engagements priced by scope, team size, and complexity — not publicly disclosed per engagement. Client acquisition is enterprise field sales, leveraging PwC cross-referrals, direct C-suite business development, and thought-leadership content marketing. Documented client engagements include strategic transformations for Kapsch (intelligent mobility), divestiture portfolio work for S&P Global, and manufacturing excellence programs (e.g., 50% indirect structural cost reductions for engineered-products manufacturers). Parent PwC reported $22.2bn global revenue for FY2024; Strategy& standalone revenue is not disclosed.

Short descriptiontext

PwC Strategy& is the global strategy consulting arm of PwC, serving large multinational enterprises, governments, and public-sector institutions across 15+ industries with advisory services spanning business transformation, M&A, digital strategy, and operational excellence, delivered through proprietary frameworks such as Fit for Growth.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
strategy consulting services, management consulting services, business transformation advisory, digital transformation consulting, M&A advisory services
Industry1 code
1Strategy & Corporate Development Consulting
CodeBPAHACAAPrimaryYes
NAICS code3 codes
  • Management Consulting Services54161
  • Administrative Management and General Management Consulting Services541611
  • Other Management Consulting Services541618
SIC code1 code
  • Services-Management Consulting Services8742
Product category
Management Consulting Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Strategy Consulting Services
TypeProfessional Services
Description

Fee-based consulting engagements for corporate strategy, business transformation, M&A advisory, digital transformation, and operational excellence. Revenue is generated through professional services fees, typically structured as project-based or retainer arrangements with enterprise clients.

strategyand.pwc.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

PwC Strategy& provides fee-based strategy consulting services to large enterprises, governments, and institutions across 15 industries (aerospace and defense, automotive, chemicals, consumer markets, financial services, health, industrials, and others) and six functional areas (business strategy, customer strategy, operations strategy, organizational strategy, product and service innovation, technology strategy). Engagements cover corporate strategy, business model reinvention, M&A advisory, digital transformation, and operational excellence, delivered via proprietary frameworks such as Fit for Growth and Capabilities-Driven Strategy + Growth.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Companies following Fit for Growth principles achieve higher total shareholder returns than those that do not
+2 more records
Product overview1 text field

PwC Strategy& is the global strategy consulting team within the PwC network, offering professional consulting services rather than a software product. The portfolio consists of advisory solutions organized around core consulting offerings: Strategy& Consulting Services provides strategic advisory across 15+ industries and 6 functional areas (business strategy, customer strategy, operations strategy, organizational strategy, product/service innovation, and technology strategy). This core is complemented by specialized solution frameworks including Fit for Growth (a business transformation methodology), Digital Solutions (end-to-end digital transformation), Capabilities-Driven Strategy + Growth, Deals Strategy, and Risk and Regulatory Solutions. Supporting these are knowledge products such as the Fit for Growth Book—a practitioner guide on cost-strategy alignment—and strategy+business Magazine, Strategy&'s award-winning thought leadership publication. The offerings are delivered as consulting engagements, reports, analyses, and published research rather than software products or platforms.

Product and service1 record
1Strategy& Consulting Services
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeImplementation/ SI/ Consulting Partner
Description

Strategy& partnered with Kapsch to help the family-led technology firm reinvent itself to offer global intelligent mobility solutions for 21st century traffic challenges. This engagement represents a strategic transformation case study.

Strategic tierCoreTypeImplementation/ SI/ Consulting Partner
Description

Strategy& assisted S&P Global in transformation through divestiture strategy after decades of acquisitions, helping the company make smart bets on strategic divestitures.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Schaeffler partnered with Leju Robotics to deploy humanoid robots in industrial applications, cited in Strategy& physical AI market research as an example of German manufacturers advancing adoption of physical AI technologies.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

The global #1 strategy consulting firm, directly competing with Strategy& for board-level corporate strategy, transformation, and M&A advisory engagements across the same enterprise client base.

TypeDirect peer
Description

Top-tier global strategy consultancy competing head-to-head with Strategy& on corporate strategy, digital transformation, and operational excellence engagements for multinational clients.

TypeDirect peer
Description

MBB strategy competitor offering corporate strategy, performance improvement, and M&A advisory services to overlapping enterprise clients in the same industries Strategy& serves.

TypeDirect peer
Description

Global management consultancy ranked immediately above Strategy& in 2026 rankings; competes directly on strategy, operations, and risk advisory for large enterprise and financial-services clients.

TypeDirect peer
Description

Global strategy and management consulting firm ranked alongside Strategy& in the top tier; overlaps heavily in operations strategy, procurement, and large-scale transformation work for industrial and consumer clients.

TypeDirect peer
Description

European-headquartered strategy consultancy competing with Strategy& particularly in automotive, industrials, and energy; offers comparable top-management and transformation advisory services.

TypeBroad incumbent
Description

EY's global strategy consulting arm; like Strategy&, it is embedded in a Big 4 network and competes for the same enterprise transformation and strategy mandates, often at a different price point than MBB.

TypeBroad incumbent
Description

Big 4 consulting practice offering strategy, technology, and operations advisory; overlaps with Strategy& in cross-functional transformation programs and benefits from similar network-led client access.

TypeBroad incumbent
Description

Big 4 advisory arm providing strategy, deal advisory, and risk consulting; competes with Strategy& for enterprise clients seeking integrated advisory work under a single auditor-advisor brand.

TypeBroad incumbent
Description

Strategy practice within Accenture; combines management consulting with technology and digital execution, increasingly competing for the same large-scale transformation mandates Strategy& pursues.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles12 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

PwC Strategy&

Management Consulting Servicesstrategyand.pwc.com

PwC Strategy& is the global strategy consulting arm of PwC, serving large multinational enterprises, governments, and public-sector institutions across 15+ industries with advisory services spanning business transformation, M&A, digital strategy, and operational excellence, delivered through proprietary frameworks such as Fit for Growth.

What PwC Strategy& does

PwC Strategy& is the global strategy consulting arm of PricewaterhouseCoopers, operating as a wholly-owned practice within the PwC network of member firms and headquartered in London under the legal entity PwC Strategy& Parent (UK) Ltd. The practice traces its lineage to Booz & Company — established in 1914 as Booz Allen Hamilton — which PwC acquired in 2014 and rebranded as Strategy&. It serves large multinational enterprises, governments, and public-sector institutions across 15+ industries (aerospace and defense, automotive, chemicals, consumer markets, entertainment and media, financial services, health, industrials, metals and mining, oil and gas, power and utilities, public sector, technology, telecommunications, and transportation) and six functional practices (business strategy, customer strategy, operations strategy, organizational strategy, product and service innovation, and technology strategy).

The practice does not sell software; its portfolio consists of advisory solutions and codified frameworks delivered as consulting engagements, reports, and published research. Flagship intellectual property includes the Fit for Growth framework (and accompanying practitioner book co-authored by Principals Vinay Couto and Dr. Deniz Caglar), Capabilities-Driven Strategy + Growth, Deals Strategy, Digital Solutions, and Risk and Regulatory Solutions. Knowledge products include the award-winning strategy+business magazine and The Katzenbach Center. Operations span 20+ countries with named legal subsidiaries in the UK, USA, Germany, and Austria; headcount is 5,001–10,000; and the firm holds the #6 spot in Management Consulted's inaugural 2026 global ranking behind only Bain, McKinsey, BCG, Oliver Wyman, and Kearney.

The business model is professional services fees from project-based or retainer consulting engagements priced by scope, team size, and complexity — not publicly disclosed per engagement. Client acquisition is enterprise field sales, leveraging PwC cross-referrals, direct C-suite business development, and thought-leadership content marketing. Documented client engagements include strategic transformations for Kapsch (intelligent mobility), divestiture portfolio work for S&P Global, and manufacturing excellence programs (e.g., 50% indirect structural cost reductions for engineered-products manufacturers). Parent PwC reported $22.2bn global revenue for FY2024; Strategy& standalone revenue is not disclosed.

PwC Strategy& firmographics

Firmographics
Name
PwC Strategy&
Legal name
PwC Strategy& Parent (UK) Ltd
Website
https://strategyand.pwc.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
PwC Strategy& is the global strategy consulting arm of PwC, serving large multinational enterprises, governments, and public-sector institutions across 15+ industries with advisory services spanning business transformation, M&A, digital strategy, and operational excellence, delivered through proprietary frameworks such as Fit for Growth.
Ownership category
akta.pro rank

PwC Strategy& industry classification

Industry
Product category
Management Consulting Services
NAICS
Management Consulting Services (54161), Administrative Management and General Management Consulting Services (541611), Other Management Consulting Services (541618)
SIC
Services-Management Consulting Services (8742)
akta.pro primary industry
Strategy & Corporate Development Consulting (BPAHACAA)

Keywords

  • Strategy consulting services
  • Management consulting services
  • Business transformation advisory
  • Digital transformation consulting
  • M&A advisory services

Where PwC Strategy& is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices5 records

Markets served

PwC Strategy& business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Strategy Consulting Services: Fee-based consulting engagements for corporate strategy, business transformation, M&A advisory, digital transformation, and operational excellence. Revenue is generated through professional services fees, typically structured as project-based or retainer arrangements with enterprise clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

PwC Strategy& product offering

Product offering

Core offering

PwC Strategy& provides fee-based strategy consulting services to large enterprises, governments, and institutions across 15 industries (aerospace and defense, automotive, chemicals, consumer markets, financial services, health, industrials, and others) and six functional areas (business strategy, customer strategy, operations strategy, organizational strategy, product and service innovation, technology strategy). Engagements cover corporate strategy, business model reinvention, M&A advisory, digital transformation, and operational excellence, delivered via proprietary frameworks such as Fit for Growth and Capabilities-Driven Strategy + Growth.

Product overview

PwC Strategy& is the global strategy consulting team within the PwC network, offering professional consulting services rather than a software product. The portfolio consists of advisory solutions organized around core consulting offerings: Strategy& Consulting Services provides strategic advisory across 15+ industries and 6 functional areas (business strategy, customer strategy, operations strategy, organizational strategy, product/service innovation, and technology strategy). This core is complemented by specialized solution frameworks including Fit for Growth (a business transformation methodology), Digital Solutions (end-to-end digital transformation), Capabilities-Driven Strategy + Growth, Deals Strategy, and Risk and Regulatory Solutions. Supporting these are knowledge products such as the Fit for Growth Book—a practitioner guide on cost-strategy alignment—and strategy+business Magazine, Strategy&'s award-winning thought leadership publication. The offerings are delivered as consulting engagements, reports, analyses, and published research rather than software products or platforms.

Differentiator

Problem solved

Functional benefit

Products and services

  • Strategy& Consulting Services

Quantifiable outcome

  • Companies following Fit for Growth principles achieve higher total shareholder returns than those that do not
  • +2 more outcomes

Companies that use PwC Strategy&

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles4 records

PwC Strategy& technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

PwC Strategy& partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • KapschcoreImplementation/ SI/ Consulting PartnerStrategy& partnered with Kapsch to help the family-led technology firm reinvent itself to offer global intelligent mobility solutions for 21st century traffic challenges. This engagement represents a strategic transformation case study.
  • S&P GlobalcoreImplementation/ SI/ Consulting PartnerStrategy& assisted S&P Global in transformation through divestiture strategy after decades of acquisitions, helping the company make smart bets on strategic divestitures.
  • Schaeffler (with Leju Robotics)minorStrategic or Co-development PartnerSchaeffler partnered with Leju Robotics to deploy humanoid robots in industrial applications, cited in Strategy& physical AI market research as an example of German manufacturers advancing adoption of physical AI technologies.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

PwC Strategy& competitors and assessment

Company assessment

Direct peers

  • McKinsey & Company: The global #1 strategy consulting firm, directly competing with Strategy& for board-level corporate strategy, transformation, and M&A advisory engagements across the same enterprise client base.
  • Boston Consulting Group: Top-tier global strategy consultancy competing head-to-head with Strategy& on corporate strategy, digital transformation, and operational excellence engagements for multinational clients.
  • Bain & Company: MBB strategy competitor offering corporate strategy, performance improvement, and M&A advisory services to overlapping enterprise clients in the same industries Strategy& serves.
  • Oliver Wyman: Global management consultancy ranked immediately above Strategy& in 2026 rankings; competes directly on strategy, operations, and risk advisory for large enterprise and financial-services clients.
  • Kearney: Global strategy and management consulting firm ranked alongside Strategy& in the top tier; overlaps heavily in operations strategy, procurement, and large-scale transformation work for industrial and consumer clients.
  • Roland Berger: European-headquartered strategy consultancy competing with Strategy& particularly in automotive, industrials, and energy; offers comparable top-management and transformation advisory services.

Broad incumbents

  • EY-Parthenon: EY's global strategy consulting arm; like Strategy&, it is embedded in a Big 4 network and competes for the same enterprise transformation and strategy mandates, often at a different price point than MBB.
  • Deloitte Consulting: Big 4 consulting practice offering strategy, technology, and operations advisory; overlaps with Strategy& in cross-functional transformation programs and benefits from similar network-led client access.
  • KPMG Advisory: Big 4 advisory arm providing strategy, deal advisory, and risk consulting; competes with Strategy& for enterprise clients seeking integrated advisory work under a single auditor-advisor brand.
  • Accenture Strategy: Strategy practice within Accenture; combines management consulting with technology and digital execution, increasingly competing for the same large-scale transformation mandates Strategy& pursues.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

PwC Strategy& social profiles

Digital presence

PwC Strategy& financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PwC Strategy& leadership team

Management profile

Number of profiles

Profiles12 records

PwC Strategy& subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

PwC Strategy& funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

PwC Strategy& M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PwC Strategy&

What does PwC Strategy& do?

PwC Strategy& provides fee-based strategy consulting services to large enterprises, governments, and institutions across 15 industries (aerospace and defense, automotive, chemicals, consumer markets, financial services, health, industrials, and others) and six functional areas (business strategy, customer strategy, operations strategy, organizational strategy, product and service innovation, technology strategy). Engagements cover corporate strategy, business model reinvention, M&A advisory, digital transformation, and operational excellence, delivered via proprietary frameworks such as Fit for Growth and Capabilities-Driven Strategy + Growth.

Is PwC Strategy& a public or private company?

PwC Strategy& is a private company. It is classified as corporate owned and is currently operating.

When was PwC Strategy& founded?

PwC Strategy& was founded in 2014. It employs 5,001 to 10,000 people.

Where is PwC Strategy& based?

PwC Strategy& is headquartered in New York, United States, in the North America region.

How does PwC Strategy& make money?

One revenue line is on record: strategy Consulting Services.

Who are PwC Strategy&'s main competitors?

Direct peers on record are McKinsey & Company, Boston Consulting Group, Bain & Company, Oliver Wyman, Kearney and Roland Berger. Broad incumbents are EY-Parthenon, Deloitte Consulting, KPMG Advisory and Accenture Strategy.

Does PwC Strategy& have an API?

No public API is recorded for PwC Strategy&.

What industry is PwC Strategy& in?

PwC Strategy&'s product category is Management Consulting Services. Its primary akta.pro industry code is BPAHACAA, Strategy & Corporate Development Consulting. Its NAICS code is 54161 and its SIC code is 8742.

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Live signals
InfotechLeadTech M&A deals: PwC Strategy&, Datasparq, Integrity360, CyberIAM, Astrum Space, Bystronic, IsochronicA roundup of recent technology M&A deals includes PwC Strategy& acquiring Datasparq, Integrity360 buying CyberIAM, Astrum Space merging with Black Spade Acquisition III, and Bystronic acquiring Isochronic. Financial terms were not disclosed for most transactions, though Astrum Space's combined business is valued at roughly $1 billion.pegnInterest rates erode profits despite revenue growth at listed firmsA PwC Strategy& study of 280 Brazilian listed firms found that rising financing costs and weaker operating profitability prevented net profit growth despite revenue increases. Between 2022 and 2025, revenue rose 21.9% nominally but real revenue was flat, while net profit fell R$6 billion due to a R$45.7 billion deterioration in financial results.PwCAI-driven change and the next big thingA PwC Strategy& survey of 50 CIOs in Germany reveals that while 62% expect AI to dominate strategic and operational decision-making within five years, only about one-third have structurally embedded AI into core workflows, exposing a widening gap between ambition and execution. Europe and Germany specifically fall behind China and the US on both AI-driven revenue uplift and cost reduction, with only 22% of organizations having the data readiness required to scale advanced AI use cases. The report identifies composable resilience—encompassing cybersecurity, privacy-enhancing technologies, and zero trust security—as the next major technology trend alongside AI.Automotive Manufacturing SolutionsEurope faces 24‑month window in $499bn physical AI race for humanoid robots and autonomous mobilityA Strategy& at PwC study projects the global physical AI market could reach €430bn ($499bn) by 2030, with €80bn-€110bn in Europe and €20bn-€26bn in Germany, driven by autonomous driving, industrial systems, and humanoid robotics. The study identifies a critical 12-24 month window during which foundational platforms and data ecosystems for physical AI will emerge, warning that companies failing to position themselves risk long-term dependence on external AI systems. German manufacturers are already advancing adoption, with Schaeffler partnering with Leju Robotics to deploy humanoid robots in industrial applications, while BMW and Mercedes-Benz are piloting humanoid systems in their production facilities.PwCThe future of banking: How AI is reshaping the industryPwC Strategy& analysis projects that banks fully embracing AI could drive up to a 15-percentage-point improvement in efficiency ratios through dual revenue growth and cost optimization strategies. The article details AI applications across banking functions including hyper-personalization for customer retention (predicting 2x increase), lead conversion rates (up to 30%), and operational productivity (up to 50% boost through human-AI collaboration). Banks are advised to invest in foundational infrastructure, responsible AI governance, and workforce upskilling to shift from task execution to AI oversight and exception management.GlobalpetindustryFresh intel on the UK pet marketA 2023 PwC Strategy& survey of 1,000 UK pet owners reveals that brand loyalty remains strong despite the cost-of-living crisis, with consumers primarily responding by stocking up on bulk sizes or switching to private labels. The research also highlights growing traction for fresh and raw pet food categories, driven by health and taste preferences, alongside an emerging adoption of subscription models among younger, affluent demographics.PR NewswireEvolución en las prácticas de gestión de datos en el sector farmacéutico y de ciencias de la vidaEDM Council, in partnership with OSTHUS and PwC Strategy&, published the 2021 Global Data Management Benchmark Survey for the pharmaceutical and life sciences industry, with participation from over 20 companies including 7 of the top 10 global pharmaceutical firms. The survey found that 85% of respondents have a global analytics program (66% established in the last three years), 75% have established a Chief Data Officer function, and 45% anticipate data and analytics will add the most value to R&D. The report concludes that while modern data management practices are still in an early stage within the sector, significant progress has been made in employee data training, CDO roles, and information governance.GlobeNewswirePwC’s Strategy& Introduces New Book “Fit for Growth: A Guide to Strategic Cost Cutting, Restructuring, and Renewal”PwC's Strategy& released a new book, Fit for Growth, on strategic cost cutting and restructuring. The authors report that less than 10% of companies are ready for growth, and the book offers practical guidance with examples from brands like IKEA and P&G.GlobeNewswireCompanies shifting more R&D spending away from physical products to software and services: 2016 Global Innovation 1000 StudyPwC's Strategy& study projects that by 2020, companies will shift the majority of R&D spending from product-based offerings to software and services. Companies with faster revenue growth allocated 25% more R&D to software, and software spending is expected to rise from 54% to 63% of R&D by 2020.