Every two years, we conduct “speed of change” research with our clients and community. In 2018, in a survey of more than 2,000 managers, 47% reported that in order to survive, they needed to reinvent their businesses every three years or less. In 2020 that number jumped to 60% in the make of the pandemic. The data from 2022 is still coming in, but the first 600 respondents show that the speed of change remains incredibly high, with 55.8% reinventing every 3 years or less, with 20.8% changing their plans every 12 months or less — the highest velocity we’ve ever seen.