{"id":1731,"date":"2024-01-18T15:58:19","date_gmt":"2024-01-18T15:58:19","guid":{"rendered":"https:\/\/staticalmo.com\/?p=1731"},"modified":"2024-10-24T08:35:21","modified_gmt":"2024-10-24T08:35:21","slug":"ricordati-che-devi-morire","status":"publish","type":"post","link":"https:\/\/staticalmo.com\/en\/ricordati-che-devi-morire\/","title":{"rendered":"Ricordati che devi morire: statistica economica"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Italian National Institute of Statistics (ISTAT) provides mortality tables, so a useful demographic resource for citizens to understand how life expectancy varies by age, region, province, etc. (conditional average). There is also the variation by occupation, educational qualification. Then there are also studies, not from ISTAT, that <\/span><a href=\"https:\/\/youtu.be\/8ZxhTs8yNbE\"><span style=\"font-weight: 400;\">explain life expectancy as a function of lifestyle variables<\/span><\/a><span style=\"font-weight: 400;\"> (physical activity, \"vices,\" etc.) controlling for certain variables (income, educational qualification, etc.). So we have this data for individuals. Is there anything for legal persons? Specifically for those with an economic purpose? Wanting social purpose as well.<\/span><\/p>\n<p><img data-dominant-color=\"5c4b3b\" data-has-transparency=\"false\" style=\"--dominant-color: #5c4b3b;\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-1732 size-medium not-transparent\" src=\"https:\/\/staticalmo.com\/wp-content\/uploads\/2024\/01\/ricordatichedevimorire-223x300.webp\" alt=\"\" width=\"223\" height=\"300\" srcset=\"https:\/\/staticalmo.com\/wp-content\/uploads\/2024\/01\/ricordatichedevimorire-223x300.webp 223w, https:\/\/staticalmo.com\/wp-content\/uploads\/2024\/01\/ricordatichedevimorire-760x1024.webp 760w, https:\/\/staticalmo.com\/wp-content\/uploads\/2024\/01\/ricordatichedevimorire-768x1035.webp 768w, https:\/\/staticalmo.com\/wp-content\/uploads\/2024\/01\/ricordatichedevimorire-9x12.webp 9w, https:\/\/staticalmo.com\/wp-content\/uploads\/2024\/01\/ricordatichedevimorire-jpg.webp 800w\" sizes=\"(max-width: 223px) 100vw, 223px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Let's say yes, although I note wide room for improvement. Unioncamere gives us conditional averages, for the year 2019, according to who (gender, age), where (region), what (sector or SIC code), how (company form) but not why, for that you need much more than descriptive statistics like conditional averages, or another source.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of the aggregated average, 12.3 years, we do little with it. So too does knowing that in the North they last longer (12.9) and in the South less (11.7).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It helps, however, to know that for the duration of companies varies more by industry:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">16 years for agriculture<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">15.7 years for industry<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12.5 years for construction\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">11.8 years for services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a09.2 years for tourism activities<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It also helps to know that the duration of companies varies more by the legal form<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">11.4 years for sole proprietorship\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12.4 years for corporations (LLCs and PLCs)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">13.9 years for other forms\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">17.0 years for partnerships\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">I personally expected corporations to last longer than partnerships.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For an even more granular life expectancy, then by sub-sectors, but geographically circumscribed, I recommend looking at <\/span><a href=\"https:\/\/www.bo.camcom.gov.it\/it\/statistica-e-studi\/la-vita-media-delle-imprese\"><span style=\"font-weight: 400;\">the Bologna chamber of commerce.<\/span><\/a><span style=\"font-weight: 400;\"> Here we see, for example, that the record for longevity (21.8 years) is held by paper and printing companies, in the manufacturing macro-sector.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">How do you feel looking at those averages? Personally sad and discouraged, because those reading this article most likely know how much body and soul entrepreneurs gave during those years. Yet it was not enough to have something that lasts half a lifetime, perhaps a twentieth-century expectation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You have to be very careful about those years, though:<\/span><a href=\"https:\/\/www.youtube.com\/@staticalmo\/search?query=normale\"><span style=\"font-weight: 400;\"> we don't know the distribution of that data<\/span><\/a><span style=\"font-weight: 400;\">, only the mean. And the mean and median (central value) are unlikely to coincide, so the representative value could easily be worse than illustrated. In fact, I am trying to recover the raw data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, this is not just an Italian thing: the life expectancy for companies in the SP500, the U.S. FTSE MIB so companies that are generally large and seasoned in various respects, has gone from 32.2 years in 1965 to <\/span><b>21.4 in 2020<\/b><span style=\"font-weight: 400;\">. Surely we live in an increasingly precarious world, and unfortunately\/luckily the market will select, with brutal psycho-Darwinian cynicism, more and more peculiar entrepreneur personalities capable of coping with such a period.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The data above may slide into fatalism and despondency, while for the ISTAT data we have various public and non-public institutions supporting it, which have studied how to increase individual life expectancy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Can we understand how life expectancy, of companies, varies according to the why?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, we have more sources indicating the causes of failure for start-ups than companies, even in Italy, so we only find sources<\/span><b> much more limited<\/b><span style=\"font-weight: 400;\"> as to why the average lifespan is so short. So here, too, research can do a lot. If any economics majors are reading me, I'm giving them a thesis idea.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Schaap and Breiter in 2023 did a study, intended as a review of the scientific-economic literature, which however <\/span><b>has no statistical validity<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They found recurrence in the following causes of failure and for each point I add how statistical advice from STATiCalmo can help:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">lack of cash flow\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.youtube.com\/@staticalmo\/search?query=cruscotto\"><span style=\"font-weight: 400;\">data dashboard<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><b>united <\/b><span style=\"font-weight: 400;\">to an automatic <\/span><b>update <\/b><span style=\"font-weight: 400;\">of accounting data can prevent the problem, if of course the business model holds up\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lack of job satisfaction of employees<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">the statistician, or data scientist, <\/span><a href=\"https:\/\/www.youtube.com\/@staticalmo\/search?query=risorse%20umane\"><span style=\"font-weight: 400;\">can improve the work of the human resources manager<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">internal weakness, external factors<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">same observation as in the first point. For external factors,<\/span><a href=\"https:\/\/staticalmo.com\/la-statistica-ha-una-obsolescenza-obsolescenza-programmata-o-senescenza\/\"><span style=\"font-weight: 400;\"> the same comments apply to data drift<\/span><\/a><span style=\"font-weight: 400;\">, in this case understood as demand drift and not adapting supply. On external factors <\/span><a href=\"https:\/\/www.youtube.com\/@staticalmo\/search?query=esterne\"><span style=\"font-weight: 400;\">you can find various insights<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ethics\/errors\/fallibility\/defects<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">a statistical quality control dashboard can help minimally. <\/span><a href=\"https:\/\/staticalmo.com\/i-costi-del-non-ascoltare-lo-statistico\/\"><span style=\"font-weight: 400;\">Errors <\/span><\/a><span style=\"font-weight: 400;\">and defects may have a common cause, which you will see in 2 points<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">organizational misalignments<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">again, statistics can measure the problem, possibly by comparing against national averages. The solution comes from other disciplines<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">lack of productivity and old companies<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">it may be a problem of unfinished digital transformation, as it is not enough to have a site and a few social pages to call oneself one. <\/span><a href=\"https:\/\/staticalmo.com\/non-basta-la-statistica-per-prendere-decisioni-migliori\/\"><span style=\"font-weight: 400;\">Both problems may have a common cause<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">business innovation versus leadership<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">statistics can do little here either, for example, it can go the long way around by going from the <\/span><a href=\"https:\/\/podcasters.spotify.com\/pod\/show\/staticalmo\/episodes\/Quando-la-statistica-pu-diventare-distopica-e268ae4\"><span style=\"font-weight: 400;\">psychometry<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Peter's principle (incompetents become managers)<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">same comment above. But this problem appears to be more prevalent from medium-sized companies upwards<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">other variables\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Do you know which company, in this case understood as an organization with no economic purpose, holds the secret to longevity? The Catholic Church. Not exactly a business, but it is about 2,000 years old. But to reveal why it is lasting so long, it takes not just STATiCalmo but a team, including historians, researchers of various kinds.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">So how do you make your company last longer, besides not making the mistakes above? First, you need qualitative market research that shows how your company differs from your competitors. There are factors of companies that indicate <\/span><b>resilience<\/b><span style=\"font-weight: 400;\">, doing checks in the literature. The Church certainly has at least one, but it doesn't really turn out to be replicable: meddling with politics (temporal power). Which defense companies also do. However, these companies do not fall within STATiCalmo's ideal clients because they do not belong to SMEs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are interested in analyzing <\/span><i><span style=\"font-weight: 400;\">the palm<\/span><\/i><span style=\"font-weight: 400;\"> of your company, from a statistical and not a chiromantic point of view, <\/span><a href=\"https:\/\/staticalmo.com\/contact\/\"><span style=\"font-weight: 400;\">we can get to know each other through a free call<\/span><\/a><span style=\"font-weight: 400;\"> from 30 to 60 minutes.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The Italian National Institute of Statistics (ISTAT) provides mortality tables, so a useful demographic resource for citizens to understand how life expectancy varies by age, region, province, etc. (conditional average). There is also the variation by occupation, educational qualification. Then there are also studies, not from ISTAT, that explain life expectancy as a function of lifestyle variables, ...<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/staticalmo.com\/en\/ricordati-che-devi-morire\/\"> <span class=\"screen-reader-text\">Ricordati che devi morire: statistica economica<\/span> Read More &raquo;<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","_themeisle_gutenberg_block_has_review":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1731","post","type-post","status-publish","format-standard","hentry","category-senza-categoria"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/posts\/1731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/comments?post=1731"}],"version-history":[{"count":3,"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/posts\/1731\/revisions"}],"predecessor-version":[{"id":1946,"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/posts\/1731\/revisions\/1946"}],"wp:attachment":[{"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/media?parent=1731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/categories?post=1731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staticalmo.com\/en\/wp-json\/wp\/v2\/tags?post=1731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}