Exponential Organizations 2.0, by Peter Diamandis & Salim Ismail, is a new book - and a new book format - that offers valuable insights into how companies can achieve exponential growth and impact by leveraging the latest technologies. You can now talk directly with the book that generated $1B for Procter & Gamble using OpenExO's chatbot, AI-X.
You can register for free for the Exponential Organizations 2.0 Launch Event on June 6th, 2023 at 8 am PST, which will give you access to this new book as well as the ability to watch a 3-hour webinar discussing specifics of these topics with the book's authors.
In today's episode, Peter and Salim discuss the billion-dollar businesses of the next decade, focusing on the 11 attributes of ExOs laid out in the book. Not all ExOs exhibit all 11 attributes, but they all incorporate many of them.
The first 10 attributes of an Exponential Organization can be divided into “outward facing” and “internally facing” traits. The first five, encapsulated by the acronym SCALE, are outward-facing attributes, and the second five, encapsulated by the acronym IDEAS, are internally-facing attributes.
SCALE attributes:
- Massive Transformative Purpose (MTP)
- Staff on Demand
- Community and Crowd
- Algorithms and AI
- Leveraged Assets
IDEAS attributes:
- Interfaces
- Dashboards
- Experimentation
- Autonomy
- Social Technologies
For example, a company like Uber uses a gig economy platform to hire external workers on a per-project basis (Staff on Demand) and leverages social media to engage with and learn from a community of like-minded individuals (Community and Crowd), exhibiting SCALE attributes.
Meanwhile, a company that encourages experimentation in all departments of the organization and allows individual employees or teams to operate independently and effectively (Autonomy), exhibits an IDEAS attribute.
In addition to these, the eleventh attribute is a culture of experimentation. This attribute refers to the importance of constantly testing new ideas and approaches in order to stay ahead of the competition and discover new opportunities for growth. For example, Google’s “20% time” policy allows employees to spend 20% of their time working on their own projects, which led to the creation of innovative products like Gmail and Google Maps.
This book is a must-read for anyone looking to future-proof their organization and this interview will convince you why.
After you listen, remember to register for free for the Exponential Organizations 2.0 Launch Event being held June 8th, 2023 at 8 am PST!
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- What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!
- Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!
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