Six building blocks for creating a high-performing digital enterprise | McKinsey & Company
75 percent of S&P 500 incumbents will be gone by 2027
Of course, adapting over time has always been essential to corporate success. Yet while the average corporate life span has been falling for more than half a century—Standard & Poor’s data show it was 61 years in 1958, 25 years in 1980, and just 18 years in 2011—digitization is placing unprecedented pressure on organizations to evolve. At the present rate, 75 percent of S&P 500 incumbents will be gone by 2027. That means managing your transition to a digitally driven business model isn’t just critical to beating competitors; it’s crucial to survival.
Source: Six building blocks for creating a high-performing digital enterprise | McKinsey & Company
Six building blocks for creating a high-performing digital enterprise | McKinsey & Company
75 percent of S&P 500 incumbents will be gone by 2027
Of course, adapting over time has always been essential to corporate success. Yet while the average corporate life span has been falling for more than half a century—Standard & Poor’s data show it was 61 years in 1958, 25 years in 1980, and just 18 years in 2011—digitization is placing unprecedented pressure on organizations to evolve. At the present rate, 75 percent of S&P 500 incumbents will be gone by 2027. That means managing your transition to a digitally driven business model isn’t just critical to beating competitors; it’s crucial to survival.
Source: Six building blocks for creating a high-performing digital enterprise | McKinsey & Company