Innovating the Innovation Economy and Technology-based Economic Development
Economies and businesses change and evolve over time. Those that fail to innovate often struggle to achieve sustainability and growth.
In 1955, the largest 500 U.S. companies by revenue were listed in the inaugural Fortune 500. Today, less than 12 percent of the companies included in the original list remains. The remaining 88 percent of those original companies have gone out of business, been acquired or merged, or have fallen off the list.
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