“Denial ain’t just a river in Egypt”, Mark Twain
By the time you read this article your company not exist! The mortality of velocity of companies is ever more on the rise. Technology is either accelerating business models across industries or disrupting them, often both at the same time. So companies are now competing at the velocity of digital.
Example. Is Wal Mark a digital analytics company that is linked to consumers and BAM retail for revenue, or is Dell supplychain really the IP in the analytics or is Amazon a marketplace analytics company linked to BAM and consumers or are banks analytics businesses linked to ATMs and branches. The answer to all is YES!
So why is this being further accelerated? Because companies now are tied into laws of technology.
This change is all across, from the bottom to the top and across industries.
CEO Turnover Findings from a Study of CEO Departures at S&P 1500 Companies
A change in CEO is a significant event for a corporation,.. Equilar examined 361 S&P 1500 companies that had a change in CEO between 2009 and 2011
- Of the three years included in the study, 2011 had the highest level of CEO turnover
- Among the 361 companies studied, 348 changed their CEO once during the study period, while 23 companies changed CEO twice or more.
This is the rate of change.
A study in 2003 titled “Business Model Warfare – The Strategy of Business Breakthroughs”, by Langdon Morris Senior Practice Scholar Ackoff Center for the Advancement of Systems Approaches (A-CASA), The University of Pennsylvania, http://www.innovationlabs.com/publications/business-model-warfare/
highlighted the mortality of companies which was quite startling.
A study by planners at Shell found that by 1983, one-third of the companies listed among the 500 in 1970 had not only fallen from the list, but had gone out of business altogether. That’s an average mortality rate of 12 companies per year, or one per month.
In 1917, Forbes magazine created its own list of the largest 100 US companies. By 1987, 61 of those companies no longer existed. Over the seventy year span, in other words, an average of about one company per year disappeared.
The S&P 500 list provides a third reference point. In 1957, the S&P listing of 90 top companies was expanded to 500. By 1997, only 74 of the original 500 companies remained, an average mortality rate of more than 10 per year. But a more detailed analysis shows that the rate of mortality has been steadily increasing, with far more companies failing as the end of the century approached.
Whether’s it BFSI, Healthcare, Retail, Education or Tech, the laws of technology and digitization are embedded into the DNA of businesses.
The Twenty Laws of the Telecosm
February 21, 2001 by George Gilder
This excerpt from Telecosm (Free Press/Simon & Shuster) encapsulates futurist George Gilder’s grand vision of the age of the telecosm–in which infinite bandwidth will revolutionize the world.
“The next holy grail is about decision support and analytics,” GE CEO Jeffrey Immelt
IN THE TECH INDUSTRY, 3 MICROPROCESSOR CYCLES AND YOU ARE HISTORY!
So what does this reflect. By the time you read this article your company may be disrupted, go out of business, get acquired or just get beaten by a business model that links the best analytics across demand-supply chain and you need a new job!
Why. We need to adapt to change and now you need to look at the laws of the Telcosm and see hour your core skills map. The rate of change is clear. What about you?
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