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What is ExO Canvas? The 10 attributes of an exponential organization

In recent years the business world has seen the birth of a new generation of companies. They call themselves “exponential organizations” (ExO), and they have revolutionized the way to accelerate their growth. The key? The use of new technologies. These organizations create an impact 10 times greater than other companies in the same industry, and they do so with much less investment and staff. As a result of this, a tool called ExO Canvas has been created , do you want to know what it consists of? Keep reading!

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Index of contents

  • What is the ExO Canvas?
  • The 10 attributes of an ExO
    • SCALE
      • Staff on demand
      • Community & Crowd (Community and followers)
      • Algorithms (Algorithms)
      • Leverage Assets
      • Engagement
    • IDEAS
      • Interfaces (Interfaces)
      • Dashboards
      • Experimentation
      • Authonomy
      • Social Technologies

What is the ExO Canvas?

The acronym ExO refers to the term “Exponential Organizations” or “Exponential Organizations” . Therefore, the ExO Canvas is a tool that was born with the objective of designing and improving your Exponential Organization. Plus, it has a single page and is easy to use. 

The ExO Canvas will help you answer some questions, such as how flexible your company is, and will pave the way for you to finally become a flexible and agile ExO .

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It does so through a management template that helps innovators, entrepreneurs, and senior executives to design agile businesses adapted to new exponentially accelerated technologies. With the ExO Canvas you can build an ExO framework for an existing or new company. Provides an overview of all the characteristics that make up an Exponential Organization.

Thanks to more than 100 professionals from various exponential organizations, the ExO Canvas tool has been created to help other entities adapt to external disruption, based on the abundance generated in each industry.  

The 10 attributes of an ExO

The ExO structure uses the Purpose Massively Transformer (PTM) as the basis. For a company to become an exponential organization, it must comply with the 10 ExO attributes , which can be measured with the ExO Canvas. They are divided into five external characteristics and five internal mechanisms. Or what is the same SCALE and IDEAS .

S CALE

Staff on demand

To act quickly and flexibly in a rapidly changing world, ExOs prefer to rely on outside contractors. That is, outsource as many tasks as possible instead of keeping permanent full-time workers.

This enables companies to ensure a constant flow of new ideas and to fill the gaps only when needed. Having a large workforce delays and slows down the maneuverability of the organization.

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We live in a new era in which the most modern companies look for employees who work for objectives and not for hours or office time. The trend is to replace employee templates with on-demand workers in service areas where technology has already transformed workflows.

Community & Crowd (Community and followers)

Build a community. Everything you do, do it in public . If you do it right, they will be the ones to come looking for you. The Internet has broken down barriers and made it possible for brands to create a community. Exponential organizations take advantage of this for functions previously found within companies. Some of these could be idea generation, financing, marketing, sales, etc. 

The digital communities have been created in the interests, beliefs and lifestyle of the members, among other variables.

To build a community you need to follow three steps. First of all, you must have a highly significant purpose. Second, take care of your community and dedicate time to it. Finally, it is important to create a platform to promote interaction and communication between them.

Algorithms (Algorithms)

Algorithms are essential. These organizations use data as the basis for scaling. If algorithms are already crucial in traditional businesses, in ExO organizations they are their reason for being. Business decisions in the future will be based on data , as they are more objective and flexible than people. 

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Companies like Google, Airbnb, and DHL rely on algorithms that enable dynamic pricing, credit card fraud detection, traffic optimization, and much more. ExOs use machine learning technologies to refine these algorithms.

Leverage Assets

Exponential organizations cling to what is critical and irreplaceable. Everything else is outsourced . This point is similar to that of the staff. Flexibility is possible to preserve thanks to the lack of assets and not having to invest to generate properties. It optimizes flexibility and usability, as it also eliminates the need for staff to manage these assets. 

For this reason, ExOs prefer to rent assets and have supplier partners take responsibility and maintenance. The goal is not to own any assets, as they depreciate and become obsolete in the face of big changes.

Engagement (Commitment )

This point is closely related to generating community. The engagement is the result of a series of elements that encourage voluntary willingness to do something for others.

On the other hand, commitment can also be generated by the sense of belonging to a group or community. It consists, basically, in allowing and motivating the community around a company and facilitating them to interact with each other . Of course, always in a transparent, authentic way and with instant feedback. This generates more credibility and empowers the user in front of the organization.

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An example of engagement is the UBER driver rating systems.

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IDEAS

Interfaces (Interfaces)

Interfaces are algorithms and automated workflows that route SCALE points as efficiently as possible to the correct people within an organization.

They are tools that make it possible for companies to filter information and share a common language when they communicate. The interfaces are divided into two: internal and external . Internal are used to send instructions, while External establish information input methods.

The use of these tools has three great advantages. The first is that they reduce risks , since you exclude information that is not relevant to your organization. The second, that you improve efficiency when sending a message , since this filtered information will reach the people you want in the precise time. Third and last, interfaces will help you grow as a company .

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This will become a reality thanks to the optimization of management through strategies. They will be a support when you need to focus on what is really important.

Dashboards

To track and monitor the performance of a company’s actions, all members of an organization must be able to access metrics in real time via Dashboards .

Today we consume an infinite amount of data . Therefore, it is necessary to be clear about which ones will help us meet our objectives. We can do this by analyzing large volumes of information and counting on real-time data. Dashboards will allow us to have instant results with which to make decisions.

Also, thanks to them, we will be able to know how close we are to meeting our KPIs , our Key Performance Indicators.

Experimentation

ExOs use methods that facilitate experimentation and process improvement through quick feedback loops. They are constantly designing new products or processes . They all start out as hypotheses that need to be tested before being put into operation on a large scale. These exams are done through experiments that allow them to be improved. The Lean Startup methodology is the most common.

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Large companies proactively embrace experimentation within themselves. The objective? Finding a business opportunity or competitive advantage . But failures are not always badly received, as it would be delusional to think that all new projects will turn out well. However, it is true that the more experiments you start, the more likely you are to succeed.

Authonomy

In terms of autonomy, exponential organizations have flat hierarchies to facilitate agility and accelerate learning and reaction times. Autonomy supposes the self-organization of multidisciplinary teams that work with a decentralized authority. It facilitates the development of motivated and empowered people to innovate, even if the teams are spread across the world.

Far are the traditional organization charts as organizational structures. In many ExOs, job descriptions or lines of authority no longer exist . They are organized through multidisciplinary teams or according to functions or objectives.

Social Technologies

Social technologies are changing the way people collaborate through platforms for teamwork. This attribute is transforming the social dynamics of work environments, as work environments are increasingly digital .

Evolution began with the invention of email and intranets , which facilitated the dissemination of information between people who did not share space or time. Currently, the implementation of mechanisms that allow the community of employees, customers and suppliers, among others, to communicate and collaborate is viable . It is a very big advance when it comes to learning and making decisions, since it can be done much more quickly.

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Some of the best known tools are: Dropbox, Google Drive and Skype , among many others. Remember that thanks to the ExO Canvas you can detect the deficiencies of these attributes in your organization.

Do you want to know more about exponential organizations and digital transformation? Train with us with the Master in Digital Business & Lean Startup , where you will learn to use new exponential technologies to identify opportunities to develop projects in an agile way. If you found an interesting article, comment and share!

Related Articles: What is an exponential organization?

Related articles: What is exponential leadership and what are the characteristics of the digital leader of the future

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Crypto

How to Create Account in EXMO step by step

In this article you will learn how to register in EXMO in 2022, as you well know it is a cryptocurrency platform to trade, as well as buy and sell digital currencies. Next, we are going to make you a quick and easy guide to create your account.

How to open an account in Exmo.com step by step

Access the official website of EXMO to be able to register for free.

Select “Registration”

At the top right you will have a Registration button, click on it and there you will open a form to place basic data such as username, email, telephone, password and its confirmation, as well as the acceptance of terms and conditions of the platform.

Likewise, if you want you can subscribe to receive news you just have to activate the option. then activate the captcha and click on “Registration”

Phone and email verification

They will send you an SMS to the registered phone to place the verification code and give it confirmation. The same will happen with the email, in which they will send you an email with a link to confirm the account and activate it.

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Account Verification

Once you have completed all the registration, you must verify your account, this is quite important that you do it so that you do not have limitations, it is a financial platform and as such, by regulation you must verify your identity and address.

  • For identity, you can do it through your ID, passport or other identity document, also a selfie with the document, you can support yourself by linking the mobile if you do not have a webcam.
  • In the case of the address, it would be verified with a bill for services such as electricity, water or other document where they can verify your location or residence, this is to raise the limits further.
  • For the card, you need to enter your card details and even take a photo and attach it.

Ideally, you should verify everything, but the first thing is the identity, in which you will be required name, surname, middle name in the case you have. Secondly, you will be asked to identify what type of document you are going to use to identify yourself, for example, the DNI.

After that, you must upload a photo of the front and back of the identity document, if you do not have them at hand, you can do it with your mobile and send it to you by mail or web whapsapp or another application, and then upload it from the computer.

Once this is done, it will request a selfie with specific details, where you must write down on a paper the word EXMO, followed by the date of the day of the photo and hold the DNI without covering anything, there you capture the photo and attach it, with these steps you will already be in the process of verifying the identity.

Likewise, you can do it to verify the address with a receipt and in the case of the card you must do the same, they are similar processes quite simple, the idea is that you complete the entire registration process.

Configuration

Another important point regarding registration is the security configuration in which you can add extra protection and have two-step authentication. Likewise, you can observe other options such as personal information, which you can review carefully.

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How to create an account on Poloniex step by step

In this article you will learn how to register with Poloniex in 2022, it is a cryptocurrency trading platform, where you can trade with margin or leverage and you can also do hodl. Here’s a step-by-step way to create an account on Poloniex.

Go to the official website of Poloniex

Access the Poloniex registration page to later follow the step by step that we will give you to register for free.

Select “Sing Up”

Once you are on the platform you must select in the left menu “Sing Up”, where you must enter the email and password, the latter you must confirm it. Additionally, you must place the referral code (optional), as well as accept the terms and policies that govern this page.

Verify your email

Once the previous form has been completed, you must check the email where a link will be sent for the purposes of verifying the email, in order to continue with the account registration process.

Account access

With the email and password data entered, we select “Log In” and access. Among the important things that there are is the “profile”, where you will have to verify your account.

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If you want to apply margin for trading or leverage you must verify your profile in “Upgrade” you will be able to select other aspects that will help you verify your identity, you will probably be asked to upload a file, such as a photo of the DNI or an invoice to verify the address.

Then, in the event that you want to use the future option that allows margin up to one hundred leverage, you have to have verified these things.

This request is totally normal, since it is required by all financial platforms by legal issue, with this you would already have verified level 2 and with it you would not have any type of limit.

Right now, you could make all kinds of deposits, normal purchases with certain fairly high limits.

Two-factor authentication verification

To protect your account you can activate 2FA this is double authentication code, so you must enter a code apart from the password to be able to log in.

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Crypto

How to Invest in Cryptocurrencies on Skrill

If you are one of those investors who do not like to deal with many complicated orders, but prefer to hold long-term, then Skrill is an excellent alternative for you. With the simplicity that characterizes it.

But the question is, how to invest in cryptocurrencies within Skrill? The answer will be shown in this article.

But first log in to your Skrill account, then you could already start the step by step that will be shown below.

Access Skrill’s Cryptocurrency Investment Options

Like any financial platform, Skrill puts at your disposal tools so that you can invest in cryptocurrencies within yourself, doing so in a simple and comfortable way. To access these tools, below, we will describe the following procedure:

  1. Within the home screen of your account, in the left sidebar, find and tap on Cryptocurrencies.

Important: It is likely that when you enter this section, you will be asked to accept some terms or similar.

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  1. Once there, you are presented with different options in terms of cryptocurrencies. From among these, you will select Invest now, clicking on this option.

  1. Once you access that section, you will be shown an extensive list of existing cryptos in Skrill. In each of which, you are given a Trade option. If you click on any of these, you would enter their trading options.

  1. When you have entered the crypto you chose, you will see a Buy – Sell panel.

Ways to trade cryptocurrencies in Skrill.com

In this buy-sell panel or trading box, you will have some options that will allow you to perform these operations:

Steps to buy cryptocurrencies within Skrill

First of all, talking about the purchase of cryptocurrencies in the Instant mode (which is the usual one), you will be able to do the following:

  • Select the currency in which you want to buy cryptos.

  • Set the amount to spend that, for its purposes, must be a minimum of 10 EUR (You are also shown the balance you have available).

  • Select the cryptocurrency in which you are going to invest.

  • See what you are going to receive in cryptos in equivalence for what you have invested.

  • See the commission you will be charged for that transaction.

When you have everything ready, then you can click Next.

After this, you will be able to see the summary of the entire operation; you will be told everything you have added, such as the amount and what you would receive, and also the commission charge, which will be added to the total amount to be spent. If you agree with everything, you can click on Confirm.

Steps to Sell Cryptocurrencies within Skrill

There is not much to comment on in the case of selling your cryptos within Skrill, as they are basically the same steps as in the case of the purchase:

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  • You establish the type of crypto that you are going to sell (and that logically, you should own).

  • You indicate the amount of cryptocurrencies to sell directly or, if you prefer, using the percentage indicators.

  • Select the currency in which you want to receive the funds in equivalence.

  • See how much you will receive, in the same way as the previous case.

Having this ready too, you would click Next.

Following this, you must also click on Confirm in a summary similar to that of the case of the purchase, where you will see important data with which, if you agree, you can proceed to the respective confirmation.

Some other options that Skrill gives you to trade

The options you have in Skrill to trade are very practical and easy to use. And for your convenience, they are not numerous. Here’s what you can find on Skrill for when you want to trade on it:

The Portfolio section

In this section you have at hand some useful things for your negotiations, such as:

  • The Watchlist, with which you can keep abreast of the indices of your cryptos in the market.

  • Alerts and orders. With these options you are given the possibility to mark an index within the cryptocurrency, which, if the price reaches it, this will be notified to your email or mobile, as you have it configured.

  • Recent activity. It is the section where you will get your last financial movements, when it comes to purchases and sales, as is logical.

The Trade section

Within this section, you can do what you are told below:

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  • Visualization of Graphs. This will allow you to take a look at the stock market movement in a not at all complex interface (you can also see the current trend that the market has in terms of sellers and buyers).

As you can see, the trading system within Skrill is not complicated. They are few and simple options, but with the same utility for people like you who do not want to get too entangled in the stock market issue, but to play it safe, but in a simple way.

This tutorial summarizes it this way so that you have a general idea when investing in cryptocurrencies within Skrill.

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