intro to exponential attributes - innov8rs · top 10: + 26.7% bottom: 10 -1.7% 6 ranking of fortune...
TRANSCRIPT
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Intro to Exponential Attributes
Innov8rs Los AngelesJune 21, 2018
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// CurrentChief Growth Officer / Crypto Lead
// EntrepreneurSlideRocketFormer Software Developer
// Mentor, Head of Accelerator ProgramsVenture HiveRokk3r 10xU
Mike Lingle, ExO [email protected]
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Employee autonomy
7x more customers per employee
Crowd engagement
Global media company in 5 years
Experimentation
The Institutional Yes!
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Sample Exponential Organizations
ExOs leverage new technologiesand abundance to see 10x the output of their peers.
$30B valuation
Largest hotelier, ZERO real estate assets
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Fortune 100 Company ExQ
Google 72.9
Amazon 66.2
Apple 62.6
IBM 61.0
Verizon Communications 58.8
General Electric 56.6
Microsoft 55.9
Cisco Systems, Inc. 55.8
The Walt Disney Company 54.8
Fortune 100 Company ExQ
Costco Wholesale 32.0
Philip Morris International Inc. 31.6
Hess Corporation 31.3
HCA Holdings, Inc. 31.0
Phillips 66 30.7
Tesoro Corporation 30.0
Valero Energy 29.8
Plains GP Holdings, L.P. 27.5
Energy Transfer Equity, L.P. 26.5
IMPACT: GLOBAL
Average S&P +9.9%
Top 10: + 26.7% Bottom: 10 -1.7% 6
Ranking of Fortune 100 by Exponential Score
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7
Valuation
Growth
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• The higher, aspirational purpose of the organization.
• Guiding principle when key decisions need to be made.
• Make sure the impact of the organization will be global.
• Guides people from the inside and from the outside.
• Has a positive impact in the world.
Massive Transformative Purpose
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“Ideas worth spreading”
“Open Happiness”
Massive Transformative Purpose
“Organize the world’s information”
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“The global transformation of business”
Massive Transformative Purpose
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• A mission statement
• Tech-specific or narrowly focused
• Representative of what is possible today
• Motivated solely by profits
• Just a big goal
Massive Transformative Purpose Is NOT
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Interfaces
• Filtering abundance into
manageable chunks of input for
different internal departments
• Bridge between external growth
drivers and stabilizing internal
drivers
• Allows for scalability
• Avoids human mistakes
Select, filter and manage the
outputs of all external attributes
of ExOs (SCALE) as inputs into
the internal organization in an
effective, targeted and seamless
manner.
SCALE
IDEAS
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Interfaces SCALE
IDEAS
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Dashboards
• Real-time, adaptable dashboards with
essential company and employee metrics
• Short feedback loops in order to measure
and manage performance
• Accessible, transparent to everyone in the
organization.
▪ OKRs create control framework to manage
fast growth
SCALE
IDEAS
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Dashboards
• Largest independent provider of
data to advertisers about YouTube.
• Ingests > 5 billion statistics about
more than 400 million videos daily.
• Wide range of real-time dashboards
to inform its engineering, data
science and business teams.
• Used extensively by the business
teams to spot trends in new content
being uploaded to YouTube.
SCALE
IDEAS
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Experiments
“No business plan survives its first contact with customers”—Steve Blank
SCALE
ID
AS
E
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Hypothesis
Hypothesis
Hypothesis Hypothesis
Hypothesis
Hypothesis Hypothesis
Hypothesis
SCALE
IDEAS
Experiments
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SCALE
IDEAS
Experiments
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Autonomy
ExOs have a flat organization,
allowing self-organizing,
multidisciplinary teams and / or
individual employees to operate
with decentralized authority.
SCALE
IDE
SA
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Agile Methodologies
SCALE
IDE
SA
Autonomy
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Holacracy
Traditional hierarchy pushes us
to focus on rank, professional
development, and procedure.
Holacracy allows function-based
organization, with a focus on the
task at hand. Namely, your product.
vs.
SCALE
IDEAS
Autonomy
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Social
ExOs leverage collaborative
tools to manage real time,
zero latency conversations.
When implemented these
tools create transparency and
connectedness and lower an
organization’s information
latency.
SCALE
IDEAS
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“Most of the bright
people don’t work
for you, no matter
who you are”
Bill Joy
SCALE
IDEAS
Staff on Demand
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• Paid $10,000 for Kaggle competition
• 271% improvement in 2 weeks
• 50% of IT staff consultants
• Not just helpful, mandatory
• Need to know where products are in Walmart
• Uses Gigwalk app.
Staff on DemandSCALE
IDEAS
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Community & Crowd
“If you build communities and you do
things in public, you don’t have to find
the right people, they find you.”
Chris Anderson
S
ALE
IDEAS
C
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Everyone Else
Staff on Demand
Vendors / Partners /
Alumni
Users / Customers
/Almni
Crowd
● Ideation
● Validation
● Support
Community
● Production
● Delivery
● Operations
Community
SCALE
IDEAS
Community & Crowd
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Algorithms
Algorithms – including Machine
Learning and Deep Learning –
provide insights on customers and
products.
Self-learning software recognizes
patterns in text, images, videos,
languages etc.
SCALE
IDEAS
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Leveraged Assets
ExOs access, rent or share assets to
stay nimble outsourcing even mission
critical assets.
Leveraged assets are comprised of
Cloud computing, Hackerspaces, and
assets from customers as input for
business.
SCALE
IDEAS
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Engagement
• Increases loyalty
• Amplifies ideation
• Converts crowd to community
• Leverages marketing
• Enables play and learning
Digital reputation systems, games,
and incentive prizes, provide the
opportunity for virtuous, positive
feedback loops, which in turn
allows for faster growth.
SCAL
IDEAS E
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EngagementSCALE
IDEAS
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Innovation
Risk
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It’s a new DISRUPTIVE and SCALABLE business model
It adapts & improves the CURRENT business model
EDGE
Initiative
CORE
Initiative
ExO
Initiative
Is it a new
Business Model?
YES
NO
How Can We Differentiate Core / Edge
Initiatives?
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ExO
ExO
Current
Organization
● New Business
Model
● No legacy
constraints
Disruptive Innovation
ExO
● Same Business
Model
● Leveraging existing
assets
Incremental Innovation
Current
Organization
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Exponential Organization
DIGITAL
● FULLY AUTOMATED
● FULLY PERSONAL
● API FOR AIRBNB
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ExO
Current
Organization
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Thank you Mike [email protected]