India, Nov. 9 -- The world is evolving faster than ever with technology pervading into each aspect of life. And in an increasingly open-knowledge society with favourable access to capital, it is the new-age lean companies which are likely to shape and have a far greater impact on the business & economic landscape than traditional businesses.

Pointing to the same, internationally is a study as per which the average tenure of companies on the S&P 500 was 33 years in 1964 which had reduced to 24 years in 2016. It has been forecasted to shrink to just 12 years by 2027, with PE/VC investments and growth of billion-dollar valuation startups leading the change.

Thus, in such a dynamic world, it is imperative that one must be open to new ideas ...