Leading in a fast-paced, digital world demands a new way of working. Your ability to respond to a rapidly changing world is what makes the difference between success or failure. The need for agility is no longer just a nice to have, leading with agility is a matter of survival. Consider the following research assessing the longevity of Fortune 500 businesses over the past 61 years.
“Comparing the 1955 Fortune 500 companies to the 2016 Fortune 500, there are only 60 companies that appear in both lists. In other words, only 12% (and fewer than 1 in 8) of the Fortune 500 companies in 1955 were still on the list 61 years later in 2016, and more than 88% of the companies from 1955 have either gone bankrupt, merged with (or were acquired by) another firm, or they still exist but have fallen from the top Fortune 500 companies (ranked by total revenues).” – Fortune 500 firms 1955 v. 2016
Markets expect companies to constantly change and adapt. The message is clear. Either you adapt or you die![Read more…] about Lessons from Spotify: Building an Agile Business