- A recent study by McKinsey found that the average life-span of companies listed in Standard & Poor’s 500 was 61 years in 1958. Today, it is less than 18 years. McKinsey believes that, in 2027, 75% of the companies currently quoted on the S&P 500 will have disappeared.
- Large companies need a continuous input of more and more management energy simply to remain in existence. The larger the company, the more energy it needs … to survive. In short, large companies spend more time managing themselves than they do managing their clients.
- As the life expectancy of companies drops, ours is increasing. Since the beginning of the century, 50% of the children born in advanced economies can expect to leave up to 100 years old.
- The new generation, the Millennials, will probably have to work longer and will do a lot of job hopping during their lifetimes.
Category 2: The Big Picture of the Digital Age
[genioux fact produced, deduced or extracted from IMD]
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