Strategic ambition

Grant Thornton: a firm with purpose

We take a look at the vision for the firm over the next five years.

Summing up Grant Thornton's vision for the next five years can be done in just one word: trust. Building it, restoring it and having it are all fundamental to making it the vibrant firm at the heart of growth.    

“I believe there needs to be a massive shift in what business is doing for the UK economy to make sure it is relevant in the global economy," CEO Sacha Romanovitch told economia in May. "Mid-sized businesses are going to be the engine of that growth. That’s a massive opportunity."

To take advantage of the opportunity, the changing rules of a connected world need to be negotiated. The route to sustainable growth has changed. Taking control of the change and offering a more flexible approach to accessing talent are going to be essential. And trust is key – without it business cannot take advantage of the huge opportunities for innovation.

Sacha's vision of a vibrant economy is three-fold: the UK must ensure it is an easy and attractive place to do business; trust and integrity is needed in financial markets, and there needs to be an environment where businesses and people can thrive.

“Those things are really important but to some degree they are all broken. What drives me is working out how to fix them,” she says.

Shared enterprise

And trust in the firm's people is also fundamental to achieving her goal. This will manifest itself most overtly with the introduction of shared enterprise at the firm. In May, 99% of Grant Thornton partners backed a proposal to issue a consultation on the implementation of shared enterprise, a concept similar to the one adopted by retailer John Lewis.

“My ambition is for all of our people to have a stake in Grant Thornton becoming the go-to firm for growth," Sacha told economia. "The only way we can fully harness the potential of all 4,500 of our people is through shared enterprise – a sense that we are all in this together sharing our thinking and ideas, sharing the responsibility to drive the business forward and sharing in the resulting rewards."

And enabling people in a connected world is also key. "A lot of firms don’t let their people use social media because they’re worried that they will say something they shouldn’t," she argued in a recent interview with the Evening Standard.

"I find that a bit scary. I employ great people. If I was worried that they were going to say something on social media that they shouldn’t, I’d question whether I should employ them at all."

More information

The best way to learn more about Sacha and her vision is to connect with her on Twitter @romanovsun.