BREAKING THROUGH DISRUPTION 36 REFERENCES 1 Percentage of companies from sectors scoring above the weighted average on ‘current level of disruption’. This equates to 4,889 unique companies with Enterprise Value (market cap + net debt) of $41tn (out of $75tn). Sample comprises the largest (by revenue) 10,000 operating, publicly listed companies, with 471 excluded because they are multi-sector holding companies or in industries out of scope 2 Milken Institute’s Global Conference 2018, ‘Strategy and leadership in an age of disruption’ 3 Percentages denote the proportion of companies in given year that are in an industry that is positioned in the particular disruption period based on the given year’s weighted averages for Susceptibility and Current Level of Disruption 4 Capital IQ data on all US-based companies that have gone bankrupt 5 Washington Post 6 Hearst 7 Capital IQ 8 Microsoft , Skype , Microsoft 9 CB Insights 10 BASF 11 BASF 12 EurekAlert 13 BASF 14 Accenture Research estimates based on interviews 15 Reuters 16 ZDNet 17 TechCrunch 18 IDC 19 Accenture Strategy, Striking Balance with Whole-Brain Leadership . Based on a telephone survey of 200 C-suite executives conducted in France, Germany, Italy, Spain, the UK and the US between February and April 2019 20 Business Insider 21 Walmart 22 TechCrunch 23 Barron’s

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