By Sherrie Haynie | August 16, 2019
If Heraclitus could see the current business landscape, he might view his famous “change is the only constant in life” quote as an understatement. Not only is the pace of change in the business world fast, but it appears to be getting faster. In 1955, the average life expectancy of an organization was 75 years. Now it’s been calculated as less than 15. One study even claims that an eerie 52% of Fortune 500 companies have disappeared since 2000. In a world where “disruptive” is considered the ultimate accolade, big companies now come and go fairly quickly. Airbnb, Uber, Tesla and Amazon were all unheard of not long ago, yet today they out-compete, and in some cases, completely replace major established institutions.
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