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THE NEW GENERATİON İS FASTER

The new generation is faster

A total of 72 companies on the Capital500 list for 2013 have turnover of over $1 billion. Last year, this figure was 69.

Son Güncelleme: 01.02.2014

The figures show that the number of billion dollar companies is increasing every year. But there is also another striking item of data.

The length of time that it takes to become a billion dollar company has decreased. It now takes an average of 26.5 years to reach this landmark. But everything changes when the age factor is included.

For companies which are 5070 years old it takes an average of 50 years to reach one billion dollars, while the time falls to 7.6 years for companies which are less than 15 years old. In other words, younger companies take shorter to reach the landmark.

Click images to see the table.
Experts say that what has brought these “young and fast” companies to the fore is their agility, circumstantial factors, globalization and successful management.

HOW MANY YEARS DOES IT TAKE?
When we look at the billion dollar companies in Turkey, we see that 72 of those in the Capital500 list have passed this milestone. But the time taken to reach it varies.

For example, Şişecam, which was established in 1935 and is one of the oldest companies in Turkey, took 65 years from its foundation to achieve a turnover of $1 billion. For Diler Demir Çelik it took 58 years to reach this landmark, while for Türk Traktör its was 57 years and for Tekfen İnşaat it took 51 years.  
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  • Etiketler: companies,Dolar,landmark,average,companies

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