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Singularity University SU EB Exponential Leaders Guide To 10x Growth en RV
Singularity University SU EB Exponential Leaders Guide To 10x Growth en RV
Singularity University SU EB Exponential Leaders Guide To 10x Growth en RV
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
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
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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
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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
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:
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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
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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
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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
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The Exponential Leader’s Guide to Achieving 10x Growth
Acknowledgments
Content in this publication originally
appeared on Singularity Hub. Special thanks
to Peter H. Diamandis and Jason Dorrier.