02 mrt Why we believe in exponential growth
Within Factory of Things we like to work on solutions with a clear view. That means that we believe in products and/or services that have an exponential possibility.
Ambitious, yes. Necessary, of course. An example for us is the way the people of Singularity University thinks on this point. Peter Diamandis, founder of Singularity University says: ‘the only way that we can solve our problems is to believe in technique, technique that can grow abundantly.’
In their book ‘Exponential Organization’ the people that are involved with this idea – Salim Ismail, Yuri van Geest and Michael Malone writes that organizations will organize themselves on a other way to survive.
‘Now it is time to introduce the Exponential Organization leveraging openness, transparency and abundance in a new way. This is a new organizational model that is condusive to an exponential age. It closes the gap between the linear organization and its exponential environment. It is at least 10x more effective, efficient and/or faster relative to its linear peers in the same market.’
The core of their model are the 6 drivers:
- Formulate a higher purpose (the why?)
- Prepare staff on-demand (flexible)
- Utilize community and crowd (wisdom and funding)
- Use algorithms (data)
- Take advantage of other people’s possessions (part-economy)
- Create involvement
Look at this short interview with Salim Ismail to get a notion of the whole idea.
In our work at Factory of Things we understand the need in believing in exponential growth. That means that our solutions of cooperative thinking will always be that product or service that can work on many different places in organizations or area of organizations.
Therefore we understand, that:
- That there is always a higher purpose (is it social, innovation, durable?)
- That we work with a flexible group of people
- That we like to look at different ways of financing the business models
- That we like to work with a large group of people (inner circle) but also with a large group around that (outer circle – crowd searching)
- That we know that for a right implementation you need all the skills that you can get in project management – agile working, lean, etc.
- And that we know and truly understand that in order to solve tough problems we have to come up with real solutions in things. That is a product or a service that works.
This is our way of creating workable solutions for companies who are struggling with their ever-changing role in society.
Or as we like to say it: Change the World. In Things.
Ron van Es, founder Factory of Things.