The Demand for Intrapreneurs in the Age of Industry 5.0
Two decades from now, your company may not exist. That may sound like a downbeat assessment but I’m afraid it’s a statistical likelihood. Since the year 2000, 52 percent of companies listed on the Fortune 500 list have gone bankrupt, been acquired, or ceased to exist.
Just as startling is the fact that, in just 10 years, half of the companies currently on the Fortune 500 list will be replaced.1 It’s a similar story with other leading share indexes. Back in 1990, the average tenure of companies on the S&P 500 was 20 years, down from 33 years for those founded in 1965.2 It’s still falling. By 2026, it’s predicted that the average tenure of a company will be just 14 years.
This phenomenon ...
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