The highest priority goal for every company has nothing to do with revenues or EBITDA. Regardless of its industry, size, location, or organizational structure, the number one thing a company needs to do is survive. According to McKinsey, that’s becoming increasingly difficult:
In 1935, the life expectancy of an S&P 500 company was 90 years. By 2010, it was 14 years and studies show that it’s getting even shorter.
Credit: McKinsey & Company
McKinsey then gives a nod to Gartner’s “organizational plasticity” with their own term, “activate agility.” Call it what you will, both terms describe a company that has digitized its processes to maximize efficiency and flexibility using technologies such as robotic process automation (RPA) or no-code platforms. Accelerated technological disruption is what drives the need for flexibility.
Rethinking the Food Chain
Companies that can’t adapt their obso