To create an EXO, start with a massive transformative purpose (MTP) and then find the technology skills and capabilities to fulfill it. Don't build a company around a shiny widget without a clear problem to solve. Solar, fusion, and wind energy are technologies that fit within the EXO construct, but the construct is really about the kind of company you're building and who you're serving. Solar energy is doubling every 22 months and has the potential to meet the world's energy needs in four doublings. 50% of new electric energy on the grid in 2023 is solar. Lithium-ion batteries have dropped 90% in cost over the last decade. Building a company on exponential trends leads to exponential growth.
In this Q&A, Peter and Salim discuss a variety of questions regarding the power of Exponential Organizations, which examples we can follow, and how to scale your business by billions.
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
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Moonshots and Mindsets