Insight
Title:
Organisations will churn and fragment
Description:
The average age of a company listed on the S&P 500 Index has fallen from almost 60 years old in the 1950s to less than 20 years currently. Only 60 companies on the Fortune 500 list in 1955 appear on the list in 2017- fewer than 12%. The rest have either gone bankrupt, disappeared after M&A, or they still exist but have tumbled out of the top rankings. (Source: 2020: Preparing for a Decade of Change and Transformation)
The gig economy will move up the value chain. Inter-company collaboration will increase. This will fragment big corporates into smaller autonomous and collaborative ecosystems.
PESTEL:
Economic