Climbing to the top of the world

The average lifespan of a Standard & Poor's 500 business today is just 15 years. In addition, according to the World Economic Forum, five million net jobs will be lost around the world by 2020. Clearly, the world's economies are changing at an unprecedented rate and are being driven by forces which were well below the radar only until a few years ago. Above all, we are increasingly living in a world marked by widespread disruption of everything we have held to be economically and financially sacred. The disruptive force of technology and innovation is transforming economies and the conduct of life itself at an unprecedented pace. There is no business, government or even individual that is unaffected by it. Some argue, with the comfort of history on their side, that the spirit of entrepreneurship was and always will be disruptive to lesser or greater extent. Because disruption is its very essence. Successful ideas which reshaped economies over the centuries almost always started out as alien and initially unrecognised game changers, oddball thinking from left field. For the last three decades we at EY have made it our mission to seek out the entrepreneurial ideas that moulded our...

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