Conduent, Inc., hereafter referred to as simply Conduent, is (according to its website) “one of the largest business process companies in the world” (Career Opportunities, n.d.). This professional services company touches on many sub-sectors including accounting, architectural services, engineering services, legal services, and management consulting. As a publicly traded business process consulting firm, it divested from multi-national print and digital document products and services company, Xerox, in 2017 (Macrotrends, 2019).
Unfortunately, since 2017, Conduent has experienced a downward trend in stock price (MarketWatch, 2019) despite an upward trend industry-wide over the past year (Professional services industry performance, 2019). Conduent has also experienced negative quarterly growth since divesting (Macrotrends, 2019). Consequently, the market share is quite small, especially when you consider the divestment from the giant Xerox.
Conduent’s competitors are Sykes Enterprises, Convergys, Cognizant, Teleperformance, and Accenture. And like these competitors, Conduent offers a variety of services aimed at businesses and governments attempting to be more efficient, enhance their impact, and evolve their technical capabilities. These services include interaction management platforms, end-user engagement services, operations efficiencies, data/payment solutions, human resources administration, and navigating legal/regulatory environments.
Post #2 in this series explores an expansion analysis that could help Conduent strengthen its market position by expanding into a new market.