– John C. Maxwell
The world has never spun so fast. The pace of change, exponential change, is increasing. These are interesting times.
The U.S. economy is booming. Inflation looks like it is contained. Unemployement is at record low levels. Businesses are having a challenging time hiring and retaining talent. So, while these are good times for certain industries like technology, other industries like traditional retail are struggling.
Technology is killing off traditional corporate America. According to Credit Suisse, the average life span of S&P 500 companies is under 20 years, down from 60 years in the 1950s, according to Credit Suisse. The increased pace of disruption by companies like Amazon, Apple, Alphabet, Uber and Airbnb is causing this trend to accelerate.