The Art of Corporate Endurance

By Eric Knight – The art of endurance is increasingly rare. Over the last 50 years, the average lifespan of S&P 500 companies has shrunk from around 60 years to closer to 18 years.

For each company that has lasted more than a century, there are countless more that have failed. Recall the glory days of Polaroid, Kodak, and the F. W. Woolworth Company …

Don’t just build competencies, build dynamic capabilities.

A firm can buy competencies, but capabilities are harder to develop and are the key to sustaining competitive advantage. more>

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