Salim Ismail Quotes

within a decade, the Chinese economy could be under serious threat from 3D printing technology.

Mark Zuckerberg agrees, noting, "The biggest risk is not taking any risk." Constant

As Eric Ries explains, "The modern rule of competition is whoever learns fastest, wins."

Jerry Michalski notes that in the past, scarcity meant value. That is, without scarcity, you didn't have a business. Now that notion has been upended. Dave Blakely of IDEO thinks about ExOs in the following way: "These new organizations are exponential because they took something scarce and made it abundant." Nokia bought Navteq, trying to buy, own and control scarcity, only to be leapfrogged by Waze, which managed to harness abundance.

An Exponential Organization (ExO) is one whose impact (or output) is disproportionally large — at least 10x larger — compared to its peers because of the use of new organizational techniques that leverage accelerating technologies.

When Kaggle runs a competition, it has found that the first responders are experts in a particular domain who say, "We know this industry, we've done this before and we'll figure it out." And just as inevitably, within two weeks, complete newcomers to the field trounce their best results.

Nation states are an artifact of a scarcity environment. Nation states can not compute abundance, they can not operate in that paradigm.

The first stands alone: Massive Transformative Purpose (MTP). As the name suggests, MTP is the ExO's core reason for existing. MTP is the foundation upon which all company actions take place. It establishes a long-term goal for the company so sweeping and profound that it is always within reach yet always unreachable. It sets a moral foundation for all company interactions between all stakeholders. It keeps the company disciplined and on target. It inspires employees and customers. And it galvanizes employee morale and retention.

Kahlil Gibran: "Work is love made visible. The goal is not to live forever; the goal is to create something that will."

In 2010, the world had 1.2 billion people online globally. By 2020, that number will reach five billion. Nearly three billion more people and their brains will be available to work via smartphones, tablets or at Internet cafes.

There is a fundamental DNA path dependency here. Are you primarily a community or are you primarily a company? The reason you have to ask yourself this is because sooner or later the two will come in conflict. We [DIY Drones] are primarily a community. Every day, we make decisions that disadvantage the company to bring advantage to the community.

Un nuevo fenómeno de Silicon Valley llamado TechShop es un ejemplo más de esta tendencia. De la misma manera que los gimnasios utilizan un modelo de membresía para adquirir máquinas de ejercicios de elevado coste que pocas personas podrían permitirse tener en casa, TechShop colecciona maquinaria de fabricación de elevado coste y ofrece a sus subscriptores un acceso ilimitado a sus activos por una pequeña tarifa mensual (de 125 a 175 $, dependiendo de la localización). TechShop no es ni una novedad ni una idea sin importancia. El famoso dispositivo de pago Square, por ejemplo, nació como un prototipo en TechShop. El creador de Square no tuvo que adquirir ninguna maquinaria de precio elevado para construir su prototipo — simplemente se unió a TechShop y utilizó los activos a demanda — . Square ahora procesa más de 30.000 millones de dólares anualmente y su valor supera los 5.000 millones de dólares.

A final and critical pre-requisite for experimentation is a willingness to fail.

(If you own a car, it sits empty about 93 percent of the time.)

We define Experimentation as the implementation of the Lean Startup methodology of testing assumptions and constantly experimenting with controlled risks.