Don’t Fall Behind in the AI and Tech Revolution | Exponential Organizations 2.0 | EP #64
Sep 14, 2023
34:45
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Renowned technology entrepreneur Salim Ismail discusses the potential of small teams in harnessing the power of AI. He emphasizes the importance of a Massive Transformative Purpose (MTP) and building communities around it. The chapter also discusses the role of crowdfunding platforms like Kickstarter and the significance of data-driven decision making for business growth. They explore the success of YouTube professionals, the power of AI in revolutionizing industries, and the potential for entrepreneurs to change the world.
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Quick takeaways
Defining your Massive Transformative Purpose (MTP) is the first step in building an exponential organization (EXO), and sharing it with others attracts partners and like-minded individuals to your cause.
Joining or creating communities around your MTP is crucial for building an EXO, as it helps in finding partners who align with your purpose and unifies the team in working towards a common goal.
Deep dives
Step 1: Define Your MTP
The first step in building an exponential organization (EXO) is to define your Massive Transformative Purpose (MTP). This MTP is the fundamental problem you want to solve. Use tools like the Moonshot Planner or MTP tool to help you identify your MTP. It is important to share your MTP with others and don't be embarrassed about it. When you go outward facing with your MTP, it becomes a magnet that attracts partners and like-minded individuals to your cause.
Step 2: Join or Create Communities
To build an EXO, it is crucial to join or create communities around your MTP. These communities can be found on platforms like Meetup or by connecting with like-minded individuals who share your values and vision. Building a team and finding partners who align with your MTP is essential for success. This alignment ensures that everyone is working towards a common goal, and it unifies the team.
Step 3: Assemble Your Team
Step three involves putting together a team with four key roles: CEO/visionary, product person/builder, and business model/finance person. In the future, hiring individuals whose MTP aligns with the company's MTP will become the norm. The focus is on creating a balanced team that can leverage technology like OpenAI and LLMs to build an EXO and solve the fundamental problem.
Step 4: Develop Breakthrough Ideas and Business Models
Once you have your MTP, the next step is to generate breakthrough ideas and develop a business model that aligns with your purpose. Start by focusing on the MTP first, rather than getting caught up in specific technologies. Fill out tools like the Lean Startup Business Model Canvas or the EXO Canvas to flesh out your ideas and ensure you have thought through all aspects of the business model before you start building anything.
In this episode, Peter and Salim discuss the potential of small teams, suggesting that the next billion-dollar company could be a handful of individuals harnessing the power of AI, creating your Massive Transformative Purpose, and the truth about Exponential Organizations.
Salim Ismail is a sought-after strategist and a renowned technology entrepreneur who built and sold his company to Google. He’s been featured in the most prominent publications such as NYT, Forbes, Fortune, and Bloomberg and has led lectures at the world’s greatest companies and about the future of Tech. Currently, he’s the founder and chairman of ExO Works and OpenExO.
My new book with Salim Ismail, Exponential Organizations 2.0: The New Playbook for 10x Growth and Impact, is now available on Amazon: https://bit.ly/3P3j54J
I send weekly emails with the latest insights and trends on today’s and tomorrow’s exponential technologies. Stay ahead of the curve, and sign up now: Tech Blog