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The Exponential

Leader’s Guide
to Achieving
10x Growth
by Taking Moonshots
and Creating
Abundance
The Exponential Leader’s Guide to Achieving 10x Growth

Contents
It Starts with the Mindset. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Grow Your Toolkit: Six Principles to Master an Accelerating World. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4


1. Understand exponentials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2. See the world as abundant vs. scarce. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
3. Leverage exponential technologies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
4. Have a transformative purpose and a moonshot. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
5. Tap the crowd for expertise, solutions, and capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Learn from the Best: Expand and Disrupt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Innovate Like the Future Depends On It (...It Does): Three Ways to Disrupt Yourself. . . . . . . . . . . . . . . . . 9
1. Your biggest problems are your biggest opportunities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
2. Start creating “unholy alliances”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
3. 10x your thinking and take those moonshots. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1

Start Your Innovation Journey with Singularity University. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

We Can Help You Every Step of the Way!. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

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The Exponential
Leader’s Guide to
Achieving 10x Growth
by Taking Moonshots and Creating Abundance

Introduction
We’re living in a world where the As an individual, you’ve likely taken advantage
of many of the latest technological advances.
devices in our pockets have more But what about your organization?
information, power, and creative
Forty percent of today’s Fortune 500
capacity than the supercomputers companies on the S&P 500 will no longer exist
that put a man on the moon. Your in 10 years, according to a study from the John
M. Olin School of Business at Washington
smartphone is 120 million times University. The only options on the table are
faster than all of NASA’s Apollo to either disrupt yourself or be disrupted by
your competition. Which will you choose? If
mission computers. To put it another
you choose the former, do you know how to
way, a child with a smartphone today proceed?
has access to more information than
the president of the United States
It Starts with the Mindset
Leaders often struggle to fully understand and
did a mere 15 years ago. integrate the power of rapidly accelerating
technologies into their businesses. These
Let that sink in. technologies are advancing along an
exponential curve and converging with one
another to bring about rapid transformation in
every industry and way of life.

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The Exponential Leader’s Guide to Achieving 10x Growth

As Albert Einstein famously said, “We cannot 1. Understand exponentials


solve our problems with the same thinking
Human development over the last 250,000
we used when we created them.”
years has been local and linear. Contrast
that to the last 50 years, and it’s clear how
Indeed, today’s leaders require a new
global and exponential human development
mindset to think beyond business-as-
has become. But we’re still local and linear
usual and strive for 10x growth (vs. just 10%
thinkers in an exponential world. Our brains
improvements). This mindset—an exponential
haven’t kept pace with technology, which is
mindset—implies a recognition that
doubling in power every 18 to 24 months.
incremental ideas and growth are no longer
sufficient and that big, bold, 10x, moonshot
ideas are mandatory if we are to harness the Let’s explore what exponential
power of technology and solve our world’s growth feels like. Unlike linear
most intractable problems.
growth, which results from
What follows is your blueprint for achieving repeatedly adding a constant,
10x growth by developing the skills,
approaches, and mindset of what we at exponential growth is the repeated
Singularity University call an exponential multiplication of a constant. This
leader. Read on to learn more about
these attributes and discover what “being
is why linear growth produces a
exponential” can mean to you and your stable straight line over time, but
organization.
exponential growth skyrockets.
Grow Your Toolkit: Six
Here’s another way to think about it: imagine
Principles to Master an you are going to walk down a road taking
Accelerating World steps a meter in length. You take 6 steps,
Being an executive today is vastly different and you’ve progressed six meters (1, 2, 3, 4,
than it was 20 years ago. Today, each 5, 6). After 24 more steps, you’re 30 meters
of us has access to more capital, more from where you began. It’s easy to predict
technological tools, more information, more where 30 more steps will get you—that’s the
talent, and more computational power than simplicity of linear growth.
the CEOs of the world’s biggest companies
However, setting anatomy aside, imagine
did just two decades ago. As we think
you could double the length of your stride.
about what it takes to succeed in a world
Now when you take six steps, you’ve actually
of abundance and a world of accelerating
progressed 32 meters (1, 2, 4, 8, 16, 32),
returns, let’s focus on six principles that every
which is significantly more than the 6 meters
exponential executive needs to master.
you’d move with equal steps. Amazingly, by

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The Exponential Leader’s Guide to Achieving 10x Growth

step number 30, doubling your stride will put Deception: Exponential growth is hard to
you a billion meters from where you started, spot. At the beginning of most exponentially
a distance equal to twenty-six trips around advancing environments, the early stages of
the world. development are almost imperceptible. For
example, when .01 doubles to 0.2 it still all
That’s the surprising, unintuitive power of looks like 0.
exponential growth.
Disruption: Exponential technologies can
Technology is developing at exponential render the previous paradigm obsolete,
rates, thereby transforming products and outperforming it in both effectiveness and
services and disrupting industries. SU cost. For example, in our numerical example,
Executive Founder and Director Peter once we reach “1,” the exponential increase
Diamandis shared a framework known as quickly becomes disruptive—we’re at 1 billion
“Six Ds” to help put these changes—and just 30 doublings later.
resulting opportunities—into context:
Dematerialism: Items once large and
Digitization: We can turn every product or unwieldy now fit easily into our pockets.
service into “1s and 0s”. Once a technology is The miniaturization of sensors paired
digitized, it becomes an information science, with digitization has transformed tangible
so we can use computers to manage it. “things” like high-resolution video cameras
and GPS systems into digital apps on our
smartphones.

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The Exponential Leader’s Guide to Achieving 10x Growth

Demonetization: Through the dematerialism Exponential leaders use the Six Ds as


process, we can scale these apps and a technological road map to predict
essentially demonetize them, because the where technologies are going and
cost of duplicating and distributing software when to capitalize on the opportunities.
is essentially zero. This framework gives them a significant
advantage over competitors.
Democratized: Products, services, and
information previously available to a 2. See the world as
privileged few are now accessible by an abundant vs. scarce
ever-increasing percentage of the global Exponential leaders understand that
population. Anyone with a smartphone technology is a force that transforms scarcity
and an internet connection has the same to abundance. Technology is creating a world
communications capabilities and access to of abundance in almost every major arena,
the same platforms as a billionaire. including energy, knowledge, transportation,
computation, access to education, and
access to healthcare.

Once these industries transform from scarcity


to abundance, their products and services
become cheap—or free—and their quality
goes through the roof.

Exponential leaders understand that we’re


getting closer and closer to an abundant
future. The world is becoming better at an
extraordinary rate on almost every possible
measure. These leaders also know that
scarcity-minded, closed business models
will ultimately fail, while open platforms will
ultimately win.

3. Leverage exponential
technologies
Exponential executives experiment
constantly and have a deep sense of
curiosity about a group of exponentially
growing technologies. They use them in
innovative ways in their organizations:

• Artificial intelligence (AI) and machine


learning

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The Exponential Leader’s Guide to Achieving 10x Growth

• Sensors and networks (Internet of Things) The most successful leaders use their MTP
• Digital manufacturing/3D printing to power their moonshot—an effort to create
a product or service that leverages radical
• Robotics and drones
ideas to solve a huge problem—to generate
• Virtual and augmented reality a 10x bigger impact than anyone else.
• Synthetic biology and genomics
5. Tap the crowd for expertise,
• Quantum computing
solutions, and capital
• Material sciencses
Exponential executives successfully
crowdsource nearly everything they need—
Exponential leaders understand that these ideas, capital, design, software—to grow their
technologies can transform and disrupt businesses. In our hyper-connected world
industries by allowing individuals to do what of more than three billion internet users,
was once only possible by governments cognitive surplus can help you build products
and the largest of corporations. And further, and services and drive innovation, regardless
they know that they don’t need to become a of the size of your company. Incentive
technologist to leverage these technologies. competitions through platforms such as
They only need to understand the potential HeroX.com are a great way to encourage
and implications of the technology to crowdsourcing.
integrate it into their businesses.
6. Launch your vision, experiment,
4. Have a transformative purpose and disrupt yourself
and a moonshot
Exponential leaders bring their ideas to life
Mindset is everything. quickly. They understand the importance of
Exponential leaders have a massively action, rapid iteration, and experimentation.
transformative purpose (MTP) that drives They’re not afraid to reinvent and disrupt
them to overcome hardship and attract the themselves. They foster a creative culture
best talent. An MTP is a “highly aspirational of idea exchange to find unique solutions
tagline” for an individual or group, like for previously unsolvable problems. They
a company, organization, community, or understand where, when, why, and how
social movement. It’s a huge and audacious breakthroughs happen inside of the
purpose statement. communities they create.

Want to learn more about why Exponential leaders know how to disrupt
your organization needs an MTP themselves in order to constantly keep their
and how to create one? Download companies, ideas, and processes focused
“The Exponential Leader’s Guide to on the future. They are able to move forward
Enabling Exponential Teams” by applying exponential technologies, bold
thinking, and innovative leadership for the
benefit of their companies and the world.

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The Exponential Leader’s Guide to Achieving 10x Growth

Learn from the Best: Expand of mobile operating systems. Android


currently commands an astounding
and Disrupt 75.3 percent market share.
Can a company actually disrupt itself? • Amazon disrupts e-books: Amazon
started as a company selling physical
Absolutely. Businesses must disrupt
books but foresaw the shift toward
themselves—before someone else does—to
e-books. By 2010, the Kindle accounted
survive. By expanding into new markets, you
for 62.8 percent of all e-readers
can disrupt yourself—and an entire industry.
worldwide. Amazon is now the leader in
Yet the fact of the matter is: Very few promotion and sales of digital content in
companies have actually successfully an e-book market worth $1.62 billion.
disrupted themselves. Instead, most • Netflix disrupts content streaming
successful companies “disrupt adjacencies” and creation: Netflix transitioned from
by leveraging their existing assets to expand mailing DVDs to video streaming over the
into new, high-growth markets. They actually internet. It’s now a $157 billion company.
disrupt someone else! The company has successfully disrupted
original content production with Netflix
Here are some classic examples of Originals.
disruption: • UBER disrupts food delivery: Uber has
disrupted the food delivery market with
• Facebook disrupts SMS messaging:
UberEATs. In 2015, the food delivery
Several years ago, Facebook decided to
market reached $70 billion, with a mere
disrupt SMS messaging with the launch
$9 billion of this business happening
of Messenger. Because Facebook is a
online. With a fleet of 14,000 drivers in
platform, it was able to garner 700 million
New York City alone in that same year,
monthly active users globally—driving
distribution and recognition threatened
a projected 38 percent decline in telco
GrubsHub’s hold.
SMS revenue in North America by 2017.
• LinkedIn disrupts recruiting: LinkedIn
• Tesla disrupts energy storage: Tesla, an
disrupted the $26 billion corporate
electric car company, is disrupting energy
recruiting market by launching its Talent
storage with the Tesla Powerwall. The
Pipeline product in 2011 (now known as
company used the technology developed
Recruiter). LinkedIn had been making
for its cars to branch into this new multi-
money from advertisements and job
billion market.
postings, then launched a subscription
• Google disrupts mobile phones: to tools for recruiters to generate leads.
Google is an internet search company, Recruiter accounted for 62 percent of the
but in 2008, the company entered the company’s revenue just four years later, up
phone hardware business by shipping 36 percent from the prior year.
the Android and initiating the disruption

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The Exponential Leader’s Guide to Achieving 10x Growth

• Red Bull disrupts publishing: Red Bull, When you answer these questions, you will
an energy drink company that has sold be able to identify lucrative adjacent markets
a cumulative 75 billion cans since it was and start down the path toward disrupting
introduced in 1987, launched Red Bull others and disrupting yourself.
Media House to produce original sports,
culture, and lifestyle content. It has since Innovate Like the Future
become one of the world’s leading
premium content media companies.
Depends On It (...It Does):
• Apple disrupts music players: Apple is Three Ways to
notorious for disrupting adjacencies. In Disrupt Yourself
2001, after Apple experimented with its Many Fortune 500 companies are looking
iTunes music application, the company for that elusive silver bullet: a way to
realized there was no good MP3 player innovate quickly.
on the market. So Apple created its own,
the iPod—selling more than 300 million Here are three counter-intuitive approaches
of them, until they dematerialized their that companies, small and large, need to
own technology by pivoting into another take to disrupt themselves and surf above
adjacent market and gave us the iPhone. the tsunami of change, rather than get
In summer of 2019, Apple announced crushed by it:
its intention to disrupt itself again, killing
iTunes and launching separate apps for 1. Your biggest problems are your
delivering music, apps, and podcasts. biggest opportunities
The world’s biggest problems are also the
Identify great adjacent markets world’s biggest business opportunities. This
Believe it or not, finding great adjacent also holds true for your company.
markets is pretty straightforward. How can
you do it? By asking yourself three basic Take stock of your challenges. Then hire
questions: a team of entrepreneurs and have them
spend a week interviewing your customers,
1. How could my company’s underlying suppliers, employees, and managers.
assets be used differently, ideally to solve
problems that a) impact a billion people Have them ask questions such as, What are
and b) I am passionate about? your biggest problems? What breakthrough
would 10x our revenue? What problems, if
2. Who in my supply chain is doing an
solved, would completely revolutionize our
awful job and could I do a better job by
business, product, organization, etc.?
developing that business?
3. What else do my customers need, where Then, take a list of these problems and use
are they underserved, and how could I them as targeting data for the creation of
solve their problems? new business opportunities. Fund numerous

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The Exponential Leader’s Guide to Achieving 10x Growth

teams of hungry entrepreneurs to take a • 3D Systems and Hershey’s: These


shot at solving those problems. There’s two companies partnered to create a
nothing to lose and everything to gain. At chocolate 3D-printer.
worst, you’ll uncover some valuable data • NASA and LEGO: These two
and call it a day. At best, you’ll actually solve organizations partnered to explore using
your problems, improve your business, and LEGO as a STEM education platform.
create a whole set of new startups useful to
• Facebook and Oculus / Google and
everyone else in your industry (who likely
Magic Leap: Facebook’s purchase of
have the same problems).
Oculus VR and Google’s investment into
2. Start creating “unholy alliances” Magic Leap are examples of partnerships
that might not have made sense initally,
Most companies prefer to work with
but are now seen as anchors of the
traditional companies and suppliers in their
growing mixed reality industry.
own industry. Pharmaceutical companies
work with other biomedical companies. • Uber and...everybody!: Uber is
Software companies partner with electronics capitalizing massively on unholy alliances,
companies. Aerospace companies work with partnering with all sorts of organizations.
aerospace companies. The company joined forces with Capital
One to provide subscription discounts
But that approach will only get you so far. to local restaurants with Uber Eats
and is also teaming up with insurance
Rather, we advise creating “unholy alliances.” companies, universities, and even animal
Find and partner with companies completely shelters to offer promotional services like
outside your field—non-traditional players #UberKittens (on-demand kitten visits!).
who force you to think orthogonally to your
existing strategy and value chain. It’s this type of out-of-the-box thinking
(actually, for exponential leaders, there IS no
Here are some examples of “unholy box) that will help your organization thrive
alliances” to inspire you: within the rapid change we’re seeing.

• Apple and music: Today, this


combination makes perfect sense, but Today, each of us has access to
when Steve Jobs took Apple into the more capital, more technological
music industry, people thought this was a
crazy notion. tools, more information, more
• Microsoft and gaming: Xbox was a talent, and more computational
massive departure for Microsoft, and power than the CEOs of the world’s
now it’s a major profit center, making $10
billion annually. biggest companies did just two
decades ago

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The Exponential Leader’s Guide to Achieving 10x Growth

3. 10x your thinking and take Indeed, Astro proposes what Google calls
those moonshots “moonshot thinking” which encourages
people to go 10x bigger—10x cheaper, 10x
Most companies are really focused on
faster, 10x cooler, etc.—than anyone else.
creating 10 percent improvements in their
businesses. They ask: How do we reduce
costs by 10 percent? Increase profits by 10
Why try for 10x versus 10 percent?
percent? Ten percent sounds good, but exponential
leaders know to reach for 10x growth.
Astro Teller, Google’s “Captain of Here's why:
Moonshots,” often talks about the fact
that “when you try to improve on existing • When you shoot for 10x improvement,
techniques, you’re in a smartness contest you approach the problem in a radically
with everyone who came before you” and different fashion.
notes this is not a contest you're likely to win. • When you attack a problem as though
it were solvable, even if you don’t know
“Shifting your perspective is so much more how to solve it, you’ll be shocked with
powerful than being smart,” he says. “Come what you come up with—particularly
at the problem from some unusual angle when you brainstorm ideas with the
that lets you get past project flaws as you mindset that there are no constraints.
uncover them. Shifting your perspective is so
much more powerful than being smart.”

-Singularity University

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The Exponential Leader’s Guide to Achieving 10x Growth

• 10x vs. 10 percent improvement is 100 Enter Singularity University


times more worth it, but it’s never 100
times harder. At Singularity University, we’re
• Finally, having a moonshot in mind laying the groundwork
focuses and motivates your team, attracts
the best talent in the world, and, critically,
for exponential change. With our
allows you to solve interim problems learning and innovation platform,
and create interim products and services
proven tools and methods, and
along the way.
global network of world-class
In the world today, the only constant is Faculty and experts, Singularity
change, and the rate of change is increasing.
Regardless of your organization’s size, University helps transform
sector, or industry, these three approaches companies of all sizes into nimble
can help you create a sense of urgency
around innovation and add new capabilities
organizations that can get out
to spur innovation at your organization. in front of market disruptions
Start thinking like an entrepreneur. Make
and achieve exceptional
your company behave like a nimble startup. business results.
Ask and answer the tough questions.
Visualize ideas like you have no constraints
To learn more about how Singularity
to start discovering innovative solutions.
University can help your company and
Shoot for the moon, and keep moving
leadership team be exponential, explore
forward.
our suite of powerful enterprise solutions
at su.org/enterprise designed to uplevel
And when you’re ready for a partner to guide
your leadership, innovation, and strategy.
you at any point along this journey, look no
Learn how we can help you see the future
further!
more clearly to uncover and respond to new
opportunities and empower your leaders to
thrive amid uncertainty and disruption.

We hope you found this guide helpful and


hope to hear from you soon!

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The Exponential Leader’s Guide to Achieving 10x Growth

Ready for a conversation today?


Reach us at sr@su.org.

Acknowledgments
Content in this publication originally
appeared on Singularity Hub. Special thanks
to Peter H. Diamandis and Jason Dorrier.

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