Technological Innovation and Job Creation

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Disruptive technological innovations have historically not led to job losses but have instead increased capacity. For example, the introduction of bank ATM machines in the 70s did not result in job loss for bank tellers but rather led to a significant decrease in branch operation costs and the creation of more branches. Similarly, automation in trucking will likely increase the volume of trucking activities due to the current shortage of drivers. Countries with high levels of robotics penetration, such as South Korea, Sweden, and Germany, have low unemployment rates. Thus, instead of focusing on job losses, we should acknowledge that automation generally boosts capacity and can lead to job creation and abundance.

Many companies today are grappling with a few things: an economic downturn, potential layoffs and restructuring, and trying to keep up with the latest tech trends… all while still maintaining a growth trajectory.

In this episode, you’ll learn which companies are uniquely designed to weather this storm and what attributes these exponential organizations have. We’re joined by the co-authors of Exponential Organzations, Peter Diamandids and Salim Ismail, both also well-known for their involvement in XPrize and Singularity University, among many other companies.

Topics Covered:

00:00 - Introduction
03:11 -What is an ‘Exponential Organization’?
04:46 - What has changed in business since 2014
07:06 - Building companies with minimal cost supply ***
11:49 - Can incumbents become exponential organizations?
16:27 - Massive Transformative Purpose (MTPs)
19:04 - How can you tell if you have a good MTP
22:34 - Unilever’s MTP
23:27 - Staff on demand
29:35 - Building interfaces and dashboards
30:36 - The importance of experimenting
34:19 - The economic downturn and restructuring
38:00 - Peer-to-peer collaborative technologies
42:30 - Digitizing your business
43:53 - Kodak example
45:37 - Automation and the humans role
52:06 - How have you seen companies integrate AI?
56:56 - Emerging roles due to exponential trends
59:56 - The framework and diagnostic survey
01:00:02 - Creating APIs you can build on
01:05:00 - Opportunities in the market

Resources:

Attend the Exponential Organization workshop on June 6: https://www.diamandis.com/exo

Learn more about Peter: https://www.diamandis.com/about

Learn more about Salim: https://salimismail.com/

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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.