I know that I try to practice what I preach in the office. In my opinion, it’s about striving towards efficiency by experimenting with innovative and creative methods. Today, productivity is not so much about doing more tasks in less time. I think part of that is moving past pre-pandemic practices. Hence, it’s important for leaders to make sure that their well-being is being prioritised. It’s clear that the workforce has become vulnerable to burnout after enduring the past turbulent years. How do you define productivity in the workplace? #Entrepreneurship #Success #WhatInspiresMe All these companies are unique and deserve a post separately, probably!ĭid any of the companies on this list surprise you? What are your thoughts on the longevity of a business? Peter, says it has stayed relevant by constantly innovating its menu and experience. For example, the oldest restaurant in the world, Stiftskeller St. Relevance and Resilience: Many of these companies survived for centuries by being relevant to their respective field and adapting to changing times. Reputation and Brand: These companies built a strong foundation and deep commitment to customer trust and brand reputation. For example, in Denmark, Munke Molle has lasted for more than 800 years because, as a mill, they developed a reputation for the highest-quality flour. Quality and Specialization: These companies were simply, really really good at what they did.
Kongo Gumi, which started off by building Buddhist temples, survived in the construction industry for 1,400 years by diversifying its business and foraying into other areas such as engineering and real estate. In my opinion, they do have a few common themes:Īdaptability: If you are going to be in business for hundreds of years, then you have to adapt to changing times.
The lifespan of any startup is much less! What can be the secret to businesses that have been around for centuries? The average lifespan of a company on the S&P 500 Index is just over 20 years. In India, our oldest company is the Wadia Group, founded in 1736.
Starting from Japan’s Kongo Gumi, all the way back to 578, a construction company, to a bar in Ireland in 900 called Sean’s Bar, and a mill in Denmark that was started in 1135, the list contains some fantastic examples of business longevity. It gives new meaning to the phrase “built-to-last.” This is a list of the world’s oldest companies. It’s a fascinating infographic that made me think.
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