Exponential Attributes: MTP

A Massive Transformative Purpose is essential for an organisation that wants to exponential, in fact I believe that it is vital for an organisation to thrive in the 21st century. Am MTP is more than a vision or a mission it is an aspirational statement that captures the hearts and minds of the people inside the organisation as well as the community that surrounds the organisation. This can be seen as the higher purpose of the organisation. Remember it is transformational and not transactional.

MTP's

A powerful MTP has the Power of Pull, it creates a culture that people want to belong to and be a part of. A strong MTP is therefore beneficial when recruiting and retaining talent. In addition a powerful MTP results in an external impact focus rather than an internal politics focus and therefore results in a more productive organisation. A great MTP can have first mover advantage, as it is written in Exponential Organisations it is difficult for another company to come up against Google’s MTP and say well we are going to organise the worlds information just better.

The Purpose in MTP is vital and two why questions are described in the book as critical:

  • Why do this work?
  • Why does this organisation exist?

I highly recommend watching Simon Sinek’s Start with Why TED talk!

MTP Believe

Developing an MTP

Key questions to ask when creating an MTP (Founders):

  • What do we really care about? Why? Why do you exist?
  • What is our company’s purpose on this earth (and beyond)?
  • What is the biggest problem I could solve?
  • What does the world hunger for? Why?  
  • What would we do if I could never fail? Why?
  • What would we do if we received a billion dollars today?  Why?

Because the team who wrote Exponential Organisations and the ExO Foundation want to migrate the world to abundance they and the community around us have developed a tool to help you develop your MTP, find it here.

Now take the steps to developing an MTP. If you need some help along the way then let me know!

Attention African Startup Founders

Are you a Startup Founder or someone who wants to solve a problem in Africa? If this is you then I want to grab your attention. We are living in the 21st Century and therefore it is important that you take this into account when starting up your venture. Organisations in the 21st century need to use Exponential attributes to ensure success.

I have written about these attributes before and have included a diagram of the elements below for a refresher.

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This image is supplied courtesy of ExO Works

It is vital that you have an MTP as this will ensure that you are working towards a purpose that moves you and is inspiring. If you want to determine what that purpose is you can use the Ikigai to help you.

I highly recommend that you follow these steps when creating a new business:

Step 1: Create an MTP (Massive Transformative Purpose)

Here is a tool to help you do this

Step 2: Create or Join a Community

Physical/Virtual, look at what is out there on Meetup / Eventbrite or others. Remember that you need to offer value before pushing your agenda. Read Jab Jab Jab Right Hook to understand this. BTW check out DIY Drones it is a great example of a community.

Step 3: Build a Team

Most successful startups are 3-4 people in the beginning. The team needs the Visionary/Dreamer; Finance/Business; Programmer/Engineer; User Experience/Design. What is vital is that you all agree on the MTP

Step 4: Create the Breakthrough Idea

Be bold, ask the community, make a difference

Step 5: Build a Business Model Canvas

Here is a tool to help you do this

Step 6: Find a Business Model

Read Kevin Kelly’s Article better than free 8 ways to make money when the base service is free to give you some ideas

Step 7: Build an MVP

Remember that your minimum viable product is just the basics that will solve the problem

Step 8: Validate Marketing and Sales

Use Design thinking and Agile Methodology

Step 9: Implement External Attributes

These are the SCALE Attributes

Step 10: Establish the Culture

It is important to do this when you are small. You can go with an Idea Meritocracy, Holocracy, or your own hybrid but create principles about how you want to run the organisation, this ensures implementation of IDEAS and SCALE.

Step 11: Ask Key Questions Periodically

This is to check you are following the Exponential Organisational method and building what you want to.

Step 12: Build and Maintain a Platform

This will allow for the best use of all the data you collect and build and use the network effect.

I will go into more detail with regards to these steps over time, I highly recommend that you read Exponential Organizations as well as Bold. These are two books that will ignite your mind to the many possibilities and the opportunities when solving massive problems and then how to go about doing that. The framework described here is straight out of Exponential Organizations.

If you find this helpful then share it and comment.

The 6 D’s along the Exponential Curve

Technology is advancing but it has to start at zero and move from there. The Exponential technologies that are in the mainstream right now are all many years into their development and we are only seeing them in the mainstream now because they have moved out of the deceptive phase.  The graph below depicts the 6 D’s that you find along the exponential curve. Peter Diamandis from Singularity University put together the 6 D’s as a way of showing people what to expect when it comes to Exponential technology.

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The six D’s are unpacked further below:

Digitized | Initial stage where digitalization of physical processes takes place. Many services have already been digitised and at the moment thanks to Blockchain technology even more is being digitized.

Deception | It takes a while to get up to speed. People often loose hope at this stage as it seems that the technology is not taking off. Virtual Reality was in this deceptive phase during the 2000’s, as was 3D printing a technology that is over 30 years old. Use of blockchain and smart contracts is in this stage right now.

Disruptive | This is when the technology starts make a real difference as the exponential doublings are significant. For the digital camera when the quality was 0.1, 0.2, 0.4, 0.8, 1.6 this was not disruptive but when it reached 3.2 megapixels this essentially killed film.

Demonetization | This occurs when money is taken out of the equation. The reduction of fees due to technology use is partial demonetization although the complete elimination of cost that digital photography brought about is a good example. With film camera’s there was a cost before photographs could be viewed.

Dematerialization | This occurs when physical assets disappear. The mobile phone is a perfect example of how many products have dematerialised. A mobile phone contains $1000’s of dollars of equipment from a GPS to a video camera, books and maps etc.

Democratization | This occurs when the technology becomes ubiquitous generally because the costs are reduced significantly and this gives many more people access. The mobile phone is an example of this with smart phones following suit and almost every person on the planet owning a mobile phone. Think about the planet when technologies such as the Internet, Renewable Energy, AI, etc reach democratization.

Here is a video of Peter Diamandis explaining this further.

 

So what are Exponential Technologies anyway?

In 1965 Gordon Moore wrote a paper in which he described the phenomenon that the number of transistors in a dense integrated circuit doubles about every two years. This is what has become known as Moore’s Law. We have all seen the picture of the IBM 5MB Hard drive in in 1956 vs an SD card. This doubling has resulted in exponential growth.

 

data stprage evolutionThis exponential growth is now happening in a number of technologies, and these are exponential technologies that we are talking about. Singularity University describe these as below:

Exponential technologies are those which are rapidly accelerating and shaping major industries and all aspects of our lives.  For a technology to be “exponential,” the power and/or speed doubles each year, and/or the cost drops by half.

Exponential technologies include artificial intelligence (AI), augmented and virtual reality (AR, VR), data science, digital biology and biotech, medicine, nanotech and digital fabrication (3D printing), networks and computing systems (incl. IoT, cloud), sensors (incl. wearables and insidables), robotics (incl. drones), blockchain, energy,  and autonomous vehicles.

As described above there are a number of technologies that are on exponential growth curves and when these are combined it is providing extremely disruptive products and services which are changing the way that we live.  For examples the winners of the Tricorder X Prize have leveraged the exponential growth in sensor technology, artificial intelligence, machine learning, cloud computing, networks, etc. to develop handheld devices that can diagnose multiple diseased better than a doctor.

Having an understanding of these exponential technologies and how they are affecting the world that we live in is vital to be relevant in the 21st century. If you are running a business now or are looking to start something new it is more important than ever to understand what exponential technologies you can leverage.

David Rose quote

I look forward to sharing more on this topic and many others.

The road is changing

Changing road

Shit is about to get real. I have made a decision that I am going to become more active in sharing online through this blog as well as through other mediums. The reason for this decision is that I have decided to move away from the certainty of a solid stable income (Working primarily with Wealth Migrate) to a life of more freedom to work longer hours… consulting in the Exponential and crowdfunding space and building a brand called PIONEERtribe. In the 21st Century business looks different from what many of us know and I know that I will remain within the ecosystem of sharing and abundance in which Wealth Migrate finds itself.

So you can expect to have regular sharing of exponential technologies, business strategies, travel, motivation, my life, my opinion, fun, etc. I am looking to grow a community of people that have the same values as myself and a vision of the 21st century that is good and focuses on benefiting the planet  with ABUNDANCE.

PIONEERtribe blue with black

PIONEERtribe is a community of 21st Century Entrepreneurs changing the way society functions:

  • We are people who love technology and what it is doing to make the world a better place
  • We are people who believe in abundance and look for the best in all situations
  • We are problem solvers
  • We are constantly learning
  • We are global
  • We are authentic
  • We love to travel
  • We are exponential thinkers
  • We live with purpose

If this is something that excites you then let me know and I will see you on the journey. PIONEERtribe will be launched later this year with a bunch of content and sharing. For now I am building that up.

Here is to an amazing future that is full of opportunity for everyone. A future in which African economies are robust and technology is ubiquitous. A future that is community driven and full of excitement and fun!