In 1960, the life expectancy of S&P 500 companies was about 60 years. A typical executive born that year could expect to see just one complete wave of formation and extinction in their lifetime. Today, executives can expect half of the S&P 500 to disappear in the next 10 years. In our lifespans, creative destruction has accelerated from a stately progression to a continuous lightning churn. We are in the Speed Age.
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Source: IT Strategy