Exponential Organizations [book]
[MTL Newtech's Exponential Organizations Serie]
At MTL NewTech, it's isn't the first time we're talking about building and strengthening the kind of organization that's looking to generate 10X more impact than the rest.
If you're asking yourself WHY? The quick answer is because today, the world and the human race is facing monumental challenges that will only continue to deepen in the next ten years, such as, climate change or the United Nations Sustainable Development Goals for 2030. To solve these complex problems, we'll need project visions beyond the traditional business models.
Exponential Organizations (ExO) is a book co-written by Salim Ismail, where you'll learn the attributes that make an organization 10X more faster, bigger and efficient than others.
ExO Attributes
We've listed below 5 of the 11 attributes for creating exponential organizations, hoping to inspire you to explore more on this subject matter. In another Meme for Impact article, we'll be highlighting the attribute Massive Transformative Purpose. In the video below, you'll get to see what is an ExO according to Salim Ismail.
SCALE:
- Staff on Demand: In the era of the internet, you don't need to have full-time staff in your company. You can subcontract by projects being specific and cost-efficient. Online platforms like Freelance.com or 99 Designs can help you with this.
- Community & Crowd: Great organizations know how to transform customers into a community of fans. Example: Apple or Nintendo
- Algorithms: ExOs are data-driven organizations. The automation of systems coupled with AI intelligence in the decision making process of your organization will help you to scale your project and make it 10X cheaper.
- Leveraged Assets: The power of outsourcing will give you the opportunity to access useful resources that you don't need to necessarily own. Rock stars in this kind of business model include: Airbnb and Uber.
- Engagement: A human-centered business always wins in the long term. To understand what your community wants ant to create a sincere customer relationship will help you to create customers in the long-term. Example: Zappos
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