nanarchy said:
highly misleading figure as it is current age of trading entities does not equal actual age of business i.e. when two large companies merge or split to create other companies they are considered completely new companies as far as actual age goes. Average lifespan of fotune 500 sized companies is still around the 40-50 years. Japan alone had something over 50,000 companies that are 100+ years old. The US had more than 20,000 last stats I saw. |
You go and keep poking at someone else to provide some sort of citation for the success of co ops, so I went ahead and included one with my counter arguement to what you were saying. Now I expect you to do the same. And even if that doesn't account for mergers or buyouts, that does not happen nearly enough to inflate the overall average age of a business back up to 50 years. And 20,000 business is change to the millions of businesses that function in America. I ask that in your citation it is relative to the present because from what Is being inferred, companies are failing more often and earlier in their life. Like I said, it is extremely rare for a company to make it 100 years and the companies that do usually lead their industry or are absolutely significant/game defining players.
