From fragile to agile
In 1961, the life expectancy of a firm in the S&P 500 was around 61 years. Now it’s less than 18 years. On top of this, only 12.2% of the Fortune 500 companies in 1955 were still on the list in 2014. Meaning that 88% of the companies have merged, gone bankrupt or have simply fallen off the list. What...