Leaders need to move from a command-and-control style to a collaborative style
Around seven years ago, Netscape founder and venture capitalist Marc Andreesen famously said, “Software is eating the world." Today, we can see that his prediction has come true. The top 5 publicly traded companies by market capitalization are all software companies—Apple, Alphabet, Microsoft, Amazon and Facebook. These companies have leveraged digital technologies to disrupt numerous industries and displace many companies from their pedestals. According to Accenture CEO Pierre Nanterme, “Digital is the main reason just over half of the companies on the Fortune 500 have disappeared since the year 2000."