Dormakaba : 11 characteristics of Exponential Organizations
January 26, 2021 at 10:18 am EST
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What do Amazon, Uber, Airbnb, Spotify and Netflix have in common? They are all considered 'Exponential Organizations'. These companies grow at an above-average rate - up to ten times faster than comparable companies in the industry - but can make do with considerably fewer resources thanks to new forms of organization and the use of new, especially digital, technologies.
What makes these companies, which all have very different business models, stand out from the competition? Salim Ismail, who first coined the term Exponential Organizations (ExOs), has identified 11 attributes that characterize the paradigmatic ExO: the Massive Transformative Purpose (MTP), five internal attributes, and five external attributes. And with a little bit of poetic license, Ismail has come up with a memorable acronym for the 10 remaining characteristics of Exponential Organizations: IDEAS SCALE.
See the info grafic below to discover these 11 factors.
MTP
The Massive Transformative Purpose (MTP) marks the 'why' behind the organization. The MTP goes beyond a mission statement because it is on a far larger, more aspirational scale and this means it can revolutionize an industry and even a society.
For example, South-Africa-born engineer and visionary Elon Musk has founded a series of startups with audacious, potentially world-changing MTPs - including:
Tesla, whose 'mission [it] is to accelerate the world's transition to sustainable energy.'
SpaceX, which 'was founded […] to revolutionize space technology, with the ultimate goal of enabling people to live on other planets.'
The open-source Hyperloop concept which 'is revolutionizing terrestrial transportation.'
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DORMA+KABA Holding AG published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 15:17:00 UTC
Dormakaba Holding AG is a Switzerland-based company engaged in the provision of access solutions and systems in the security industry. The Company operates in three business segments: the Access + Data Systems segment products range from mechanical and mechatronic lock cylinders, networked access control solutions, pushbutton locks, digital locking systems, access control and management software, card readers, and hotel locking systems to electronic high-security locking solutions, Automated Teller Machine (ATM) locks, transit and cargo security products, as well as locks and cylinders for Original Equipment Manufacturer (OEM) use; the Key Systems segment offers products, ranging from keys, key blanks and transponder keys to mechanical, electronic and (semi-)industrial key cutting and origination machines, as well as duplication equipment, and Other segment includes operations involving contactless identification systems, which are based on Legic smartcard technology.