The Connection Magazine A.I.M. Mutual Fall 2016 | Page 16

Exponential Organizations How Technology WILL Change Your Business Teachings from Salim Ismail, Author of The Exponential Organizations “In business, performance is key. In performance, how you organize can be the key to growth.” FALL FALL 2016 2016 SALIM Ismail, author of the book The Exponential Organization and one of the founders of Singularity University, is one of the biggest proponents of the concept of an exponential organization (ExO). He is, in fact, one of the originators of the term. He defines an ExO as an organization that performs a minimum of ten times better than their competitors in the same space by leveraging the power of information and improvements in technology. In following with that, these companies have been able to use relatively few resources to cause major changes in many industries. It can be said, perhaps, that technology is the only true driver of change in the world. Traditional companies not only do not perform at the levels that ExOs do, but they fail to understand the consequences of not adapting to changes in both information and technology. As entrepreneur David Rose put it so eloquently, “any company designed for success in the 20th century is doomed to failure in the 21st.” He isn’t kidding. Over the last two decades, a number of leading companies have failed because of a lack of vision or a lack of adaptation. Kodak, once the leader in photographic technology, failed due to completely ignoring the move to digital. The Law of Accelerating Returns To begin determining how an ExO 16