The chart below shows the average lifespan of companies in the S&P 500 Index. In the 1970s, the average lifespan was 29 years. In the 2020s, it’s projected to be just over 18 years. This just highlights the amount of disruption and turnover among market leaders today.
Take a look…
So how do companies maintain their dominant positions?
Fortune says these leaders must be “champions of adaptability, nimbly responding to an ever-changing environment.” The magazine also cites authors Jim Collins and Jerry Porras’ bestseller Built to Last: Successful Habits of Visionary Companies, which claims the best companies will “preserve the core and stimulate progress.”
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