A new book has entered the world called, “Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it).
I had the great fortune to read it throughout its creation and contribute to it in small ways. I’ve also been appointed an ExO Expert. This book that will put fire your heart and mind for what is possible today.
The key premise is that companies that leverage exponential technologies and processes are capable of far exceeding their peers performance in the same or similar industry segments in a dramatically shorter time than ever possible historically. This is due to the change in availability and understanding that technology application brings to the table.
The first step on the way to evaluating your own company is to evaluate its position on several key factors. There are two acronyms for these factors called S.C.A.L.E. and I.D.E.A.S that relate to external and internal traits that indicate exponential company behaviors and potential.
ExOs leverage five key “External Mechanisms.” These are represented by the acronym S.C.A.L.E.:
Staff on Demand - Making sure your organization actively leverages resources
Community & Crowd - The power of crowd and community for leverage
Algorithms - Applying machine learning, NLP, and algorthims to analyze and predict
Leased Assets - The use of fixed assets the company does not own
Engagement - Tools like incentive prizes and gamification for driving community and crowd engagement
ExOs also leverage five key “Internal Mechanisms.” These are represented by the acronym I.D.E.A.S.:
Interfaces - Useful and often beautiful ways to display information so that actual humans can build wisdom from the data.
Dashboards - Key metrics, tending toward OKR's for measuring success of effort over time at every level.
Experimentation - A near-scientific curiosity to finding the best solutions to problems and problems to solve.
Autonomy - Distributed Authority and Responsibility are commonplace
Social - Use and leverage of social structures and networks to grow.
Generally, the first half of the book is the information you need and the second half is a high-level how to guide helping you get started.
There is much more than I would be able to write in a review. Of the books that have and will come out this year this is one not to miss in my opinion.
The easiest way to find out if the organization you have today is expoential is to take the ExO survey which is free. It can be found on the book website.
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Reviews with images
ExO, aka Exponential Organization is the next solution to disrupted corporations
I have immersed myself into this philosophy with my 4th career to prove that edge thinking, community and purpose behaviors are key to overcoming the 20 industries about to be disrupted. This book is the foundation of the future with 2nd edition coming in 2022. It will blow your minds!
