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Identifying the skills needed for the future
Developing a growth mindset
Creating a culture of continuous learning
3. Disruptive
The existing market for a product or service is disrupted by the new market the exponential technology creates because digital technologies out perform in effectiveness and costs.
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MORE IDEAS ON THIS
THE 6 Ds OF EXPONENTIAL ORGANIZATIONS
- Digitized
- Deceptive
- Disruptive
- Dematerialize
- Demonetize
- Democratize
Any technology that becomes Digitized enters a period of Deceptive growth. Such a rapid rise describes the third D, Disruptive
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4. Demonetized
Money is increasingly removed from the equation as the technology becomes cheaper, often to the point of being free. Software is less expensive to produce than hardware and copies are virtually free.
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6. Democratized
Once something is digitized, more people can have access to it. Powerful technologies are no longer only for governments, large organizations, or the wealthy.
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2. Deceptive
When something starts being digitized, its initial period of growth is deceptive. Doubling 0.01 gets 0.02, then 0.04 and so on. Exponential growth really takes off after it brakes the whole-number barrier. 2 quickly becomes 32,...
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1. Digitized
Anything that becomes digitized enters to exponential growth. Digital information is easy to access, share and distribute. It can spread at the speed o the internet.
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5. Dematerialized
Separates physical products are removed from the equation. Technologies that were once bulky or expensive are now all in a smartphone that fits in your pocket.
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CURATED FROM
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The New Entrepreneurs
This digital revolution is giving rise to new kinds of entrepreneurship. New technologies are amplifying and accelerating each other.
There will be entrepreneurs who focus on inventing new digital technologies, those who use existing technology to disrupt old business models an...
Proprietary technology
Proprietary technology is a great advantage on which you can build a monopoly business because it makes it difficult for other companies to replicate your product.
However, for proprietary technology to offer an advantage, it needs to be 10x better than existing sol...
What is “virality”, anyway?
Virality is simply growth that stems from your existing users. Each user brings in on average more than one additional user (directly or indirectly) and thus creates exponential growth.
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