Everyone is gripped with the fear of the unknown , this modern dynamic unpredictable era has created an arena where the big blue chip companies are trying to sustain their customer proposition in an attempt to maintain their legacy but now the competition is so rife that prices and commodities have ceased to be the differentiator ,what matters is the creativity that they can pool in, to bring about dramatic changes and overhaul the existing structures in the organisation so as to thrive in this new era
The conundrum for incumbent companies is that they can’t very well capitalize on change if they can’t envision what change will look like.
The rationale behind this is the fact that the employees can’t very well forecast the upcoming digital trends and moreover they are very reluctant in deviating from the traditional norms of doing things ,the viable environment is missing which could have an encouraging impact
The employees in the organisation have failed in their attempts to comprehend this new transition ,thus we see that the companies are making marquee acquisition of start-ups, recent acquisition of Panaya by Infosys was to bring about automation and to leverage on the thriving concepts of artificial intelligence, the new world that is being inquisitively looked up to, the reason that the host of acquisitions are on the trot, generally that of start-ups, is because it is being seen that these upstarts have been unbundling incumbents businesses and chipping away at their advantage
The playing field is levelled across variety of industries; Do we have the courage to open up to outsiders to help us with the second phase of digital transformation?
WPP, the world’s largest marketing-services company, has bought more than 400 digital businesses over the past decade, and it gives them sufficient autonomy that they continue to grow; around 40% of the company’s revenues now come from digital offerings
Flipkartacquiring Myntra, Snapdeal acquiring Freecharge Alibaba investing in Patytm through ant financial services,and contemplating of a 25 % buyout in Micromax,these are recent instances substantiating the fact that the big blue chips are making the cut with host of acquisitions with a perspective of equipping themselves with the necessary talent and tools to be able to survive the cut throat competition
The IT ones’ have too opened the gates to mergers and acquisition ,behemoths like TCS , Infosys, Wipro, have already established a separate committee of Mergers and Acquisitions
. Thus this concept is gaining grounds and there are very healthy prospects in it
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19 Comments. Leave new
Very interesting..
Well written.
awesome article!great efforts have been put
Well written article..good job!!
nice concept and examples
Well written article
Good effort!
Good efforts.. keep going..
thank you so much everyone for your compliments
Good efforts have been put into the article..well done!!
Great work..!
Really, it appears lot of hard work went in writing this article.
Nice!! Well written!
Thank you everyone
informative write up 🙂
Nice Great Work!!!
Interesting, Vineet!
Well written
Interesting!!