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The James Altucher Show

Discover the Techniques Behind the World’s Fastest-Growing Companies | Peter Diamandis & Salim Ismail

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 25 May 2023

⏱️ 59 minutes

🧾️ Download transcript

Summary

Exponential Organizations 2.0, by Peter Diamandis & Salim Ismail, is a new book - and a new book format - that offers valuable insights into how companies can achieve exponential growth and impact by leveraging the latest technologies. You can now talk directly with the book that generated $1B for Procter & Gamble using OpenExO's chatbot, AI-X. You can register for free for the Exponential Organizations 2.0 Launch Event on June 6th, 2023 at 8 am PST, which will give you access to this new book as well as the ability to watch a 3-hour webinar discussing specifics of these topics with the book's authors.In today's episode, Peter and Salim discuss the billion-dollar businesses of the next decade, focusing on the 11  attributes of ExOs laid out in the book. Not all ExOs exhibit all 11 attributes, but they all incorporate many of them.The first 10 attributes of an Exponential Organization can be divided into "outward facing" and "internally facing" traits. The first five, encapsulated by the acronym SCALE, are outward-facing attributes, and the second five, encapsulated by the acronym IDEAS, are internally-facing attributes.SCALE attributes:Massive Transformative Purpose (MTP)Staff on DemandCommunity and CrowdAlgorithms and AILeveraged AssetsIDEAS attributes:InterfacesDashboardsExperimentationAutonomySocial TechnologiesFor example, a company like Uber uses a gig economy platform to hire external workers on a per-project basis (Staff on Demand) and leverages social media to engage with and learn from a community of like-minded individuals (Community and Crowd), exhibiting SCALE attributes. Meanwhile, a company that encourages experimentation in all departments of the organization and allows individual employees or teams to operate independently and effectively (Autonomy), exhibits an IDEAS attribute.In addition to these, the eleventh attribute is a culture of experimentation. This attribute refers to the importance of constantly testing new ideas and approaches in order to stay ahead of the competition and discover new opportunities for growth. For example, Google's "20% time" policy allows employees to spend 20% of their time working on their own projects, which led to the creation of innovative products like Gmail and Google Maps.This book is a must-read for anyone looking to future-proof their organization and this interview will convince you why.After you listen, remember to register for free for the Exponential Organizations 2.0 Launch Event being held June 8th, 2023 at 8 am PST!------------What to write and publish a book in 30 days? Go to JamesAltucherShow.com/writing to join James' writing intensive!What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast?... See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

A lot of great things are happening in the world.

0:09.7

So many industries growing exponentially.

0:12.2

I have on Peter Diamandis once again, author of Books Like Abundance and Bold, and I have

0:17.5

on Seleme Ismail, author of Exponential Organizations.

0:21.8

Together they made Exponential Organizations 2.0 and they're going to do a whole seminar

0:26.5

and how to do it.

0:27.5

I get the preview of that seminar and you'll be able to go to the seminar as well for

0:31.6

free.

0:32.6

They talk about how the world is growing exponentially and how soon there's going to be

0:37.6

billion revenue companies created by as little as three people.

0:41.6

How do you do that?

0:42.6

Why is that happening?

0:44.0

How you personally could change your life into an exponential life?

0:48.0

Here's Peter and Seleme Exponential Organizations 2.0.

0:52.4

This isn't your average business podcast and he's not your average host.

1:00.2

This is the James Altiger Show.

1:12.0

So welcome once again, Peter Diamandis.

1:14.5

You've been on my show like 10 times so many great books and Seleme Ismail.

1:19.1

Now you're the author of Exponential Organizations but now you guys are co-authoring Exponential

1:23.8

Organizations 2.0.

1:26.2

What's the subtitle?

1:27.2

Again, I always forget subtitles.

...

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