2009年2月2日月曜日

Staying in Business

According to the latest issue of The Economist, that's the definition of sustainability for 2009. The ultimate question for business leaders this year is a simple one: can we stay in business?

Here's another question. How many companies, worldwide, that are in business today were in business 200 years ago? Two hundred years' of survival, now that is sustainablity!

The answer is, in round-round figures, 5,000. There are none in the US (short history!). I thought there might be one, Paul Revere's day job as a silver smith, since the name Revere Silver is still around, but it's not the same company. The name has been bought and sold many times over.

But that's not the point.

More than 3,000 of the oldest firms on the planet are in Japan. Can you imagine? So many companies still in business after 200 years.

The reason, according to the magazine that did the research, is simple: people come first. They are all small to medium sized businesses that put their primary stakeholders first, and the primary stakeholders are the people who do the work.