Risk & Business Magazine McFarlan Rowlands Spring 2016 | Page 19

If a company is able to implement 4 out of the 10 topics in S.C.A.L.E. and I.D.E.A.S. then they will see their 10x improvement and will cross into exponential growth territory. An example of this would be the way Valve, a popular software company, operates. They have a very small footprint and tap into abundance through the use of technology. There is no middle management, no dedicated teams. People work on what they wish to work on and, should a problem arise, anyone who wishes to can fix it. This has resulted in a massive profit for the company over the last decade. Per worker, they have one of the highest profit margins in the world. How Organizations Can Become Exponential did it by having a dedicated team working on their own to see what they would be able to put together for the long run. Your business is, of course, your business. With that being said, there are always ways to improve. Reaching a state of exponential growth and creating abundance in your industry is just as far away as your imagination will allow you to go. All you need to do is have a vision of what is possible and be willing to do what it takes to get there. Just keep in mind that companies which have already stood the test of time are also the companies which will ultimately be the most resistant to change. Overcoming that resistance through inspirational leadership and vision is the key to becoming an ExO. The fundamental change in an ExO model is the democratization of the business process. So how can a large existing company take advantage of this and begin to change? A few things will lead down the path to the right direction. One is to update the leadership. It is essential that the change starts at the top and works its way down. If people are not on board, they will have to be replaced. Inspiring ExO changes at the very edges of the company is another key aspect. Partnering or investing with already existing ExO’s can be a good way to do this. By changing some of your processes to better leverage or expose data lines, you can put yourself in a position to change the rest of them in that direction as well. Salim suggests, also, hiring a “black ops” team, which stays both stealthy, and at the edges of the company which can then find ways to attack other industries. Apple has made good use of this. Though they were a computer company, they have snuck their way into mobile phones, tablets, and the music industry. ^HY