How Large Companies Can Transform into Exponential Organisations!
The work by Ismail Salim on "Exponential Organizations" is groundbreaking in helping provide insight on the principles, strategies and actions that are taken by organisations of all sizes to explosively grow in positive ways.
The following are some excepts (e.g. first paragraphs) of key sections of his book, and provide insights as to what large organisations can do to similarly benefit.
I highly recommend checking out the book, e.g. Exponential Organizations
If you have interest in further exploring how these principles could apply to your organisation, please feel free to set up an initial appointment with Ken via the following link: kenbusinessdoctor.youcanbook.me
Transform Leadership
There are four ways to transform the leadership layers of a big company:
- Education -- Bring in outside sources to update your senior management and board on accelerating technologies.
- Board Management -- Educate the board so that it is equipped to buy into the CEO’s plan for radical change. In addition, track your board using OKRs.
- Implement Diversity -- Break up bastions of old-line thinking and replace them with individuals and teams offering diversity in terms of experience and perspective. Remember that one of the most important aspects of diversity requires putting young people into positions of power and influence. In addition, include more women on your board.
- Skills and Leadership -- Keep diversity in mind when appointing to governance and advisory boards. Regularly take your senior leadership through a personal transformation program. Examine your own leadership skill sets. Remove anyone who puts his or her own career ahead of the success of the enterprise.
Partner with, Invest in, or Acquire ExOs
Implement a program to identify, partner with, invest in or acquire the ExOs in your industry. Give it teeth.
It can be a positive experience in exploring different ExOs; enjoy!
Disrupt
- Move three proven changemakers in your enterprise to the edges of the organization and unleash them as ExOs to disrupt other markets. Learn how they interact with the mother ship, and then add more.
- Hire both internal and external Black Ops teams and have them establish startups with a combined goal of defeating one another and disrupting the mother ship.
- Start an internal accelerating technologies lab, leveraging core competencies and aiming for moonshot innovations at a budget price.
- Find an incubator or accelerator that is a good fit for your organization. Partner with it or, if it is of insufficient scale for your needs, fund it. If an incubator or accelerator doesn’t exist, create one!
ExO Lite (The Gentle Cycle)
Apply these ExO attributes:
- Migrate towards an MTP (Massive Transformative Purpose)
- Community & Crowd
- Algorithms
- Engagement
- Dashboards
- Experimentation
- Social Technologies
If you have interest in further exploring how these principles could apply to your organisation, please feel free to set up an initial appointment with Ken via the following link: kenbusinessdoctor.youcanbook.me
Also, feel free to see Ken's other blog posts at: Ken's blog
