Bankrupt Organization
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A Bankrupt Organization is an organization that is bankrupted entity.
- …
- Example(s):
- See: Bankrupt Person.
References
2016
- https://hbr.org/2016/04/how-companies-escape-the-traps-of-the-past
- QUOTE: A staggering 88% of companies listed in the 1955 Fortune 500 are nowhere to be found in the same list today. They have gone bankrupt, merged, or simply shrunk off the list. Half a century ago, the life expectancy of a firm in the Fortune 500 was around 75 years. Now it’s less than 15 years.
2014
- https://hbr.org/2014/04/the-art-of-corporate-endurance
- QUOTE: … 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 – companies that were once the best in their field but failed to untangle themselves from deeply embedded routines, and fatally flawed resource allocation processes. If we rethink corporate success as survival in the face of rapid, globally competitive change …