The business realm has always been famous for making plans for decades ahead. But after several waves of the pandemic and the looming danger of other viral diseases, businesses across the world continue their rope walk through purely unchartered territory, facing new challenges every day inside and outside the organization. While many conventional business equations seem to fail, the predicament calls for the best of both worlds conventional and out-of-the-box strategies. It’s no wonder prominent players and group companies rigorously fill gaps in their services/ products/solutions and often add competitive edges through mergers and acquisitions(M&A).

According to a report by PWC, in 2021, the economic optimism and availability of capital acted as a catalyst in M&As led by companies that liquidated non-core assets to streamline corporate structure and use cash to purchase assets. This scenario paved the way for many deals in the IT sector last year, including Wipro’s Capco acquisition for $1.5 billion and Byju’s Great Learning ($600 million) and Epic ($500 million) purchases. Reliance Industries Limited spent $132 million in their endeavor to augment capabilities to hold a 54 percent stake in Addverb Technologies, an Indian robotics startup. The current financial year is no different.

Workers are leaving organizations faster than they can be replaced when it comes to the inhouse. The competition for talent acquisition is a different ball game now. Employers are competing with the full array of work experiences and trends out there across traditional and non traditional jobs. To win, businesses must recognize how the rules of the game have changed across different countries. They need to consider employees’ emotional and physical needs and compete across modern day ‘work experiences.’