Africa Tech Week, Topco Research, xTech.Institute and ExO Works have announced the results of their research to determine the Exponential Quotients (ExQ) for the Johannesburg Stock Exchange (JSE) listed top 40 companies.
ExQ ranking is the leading framework that indicates an organisation’s ability to grow exponentially, and adapt and scale with the agility required to thrive in a new era of accelerating, or exponential, technologies.
The exponential quotient, which forms the basis of the survey, is the measurement of growth potential that was developed as part of Exponential Organizations, a best-seller book by Salim Ismail, Yuri van Geest and Michael Malone.
We live in an age where all companies need to embrace technological advancement in order to remain competitive and therefore it is important for organisations to understand where they stand in terms of their growth potential.
In 2015 an ExQ ranking was performed on the Fortune 100 companies. In the three and a half years since the original scoring, the companies in the top 10 grew by an average of 53% and those in the bottom 10 by 2%, underlining the importance of understanding a company’s ExQ.
ExQ ranking for the JSE listed top 40 companies
“Of course there are a number of factors that impact the rise and fall of company share price and value, but the ExQ gives a clear indication of a company’s ability and readiness to adapt to the exponential changes taking place in the world today, and to seize the associated opportunities. Think of it as a growth-potential measurement,” said Willem van der Post of xTech.Institute.
Ralf Fletcher, CEO of Topco Media and founder of Africa Tech Week commented on the importance that innovation plays in the future growth of the African economy: “We can solve our own problems by fostering a culture of driving growth through innovation throughout the continent.”
The results of the ExQ survey announced at Africa Tech Week ranked the top 3 ExQ companies: Discovery Ltd., Vodacom Group Ltd. and MTN Group Ltd. They also announced the top 3 ExQ companies across a number of different industries, revealing that the South African market lags behind global top performing companies, and the mining and real estate sectors are lagging behind the rest of the South African business sectors.
Emilie Sydney-Smith, CEO of ExO Works, commented, “Although only one JSE company scored in the Exponential Organization range, we are excited by South African companies’ potential to adopt the attributes shared by the world’s most exponential organisations in order to drive performance.”
“Disruption does not happen because of technology. It happens because of inertia – either not knowing about soon-to-impact change forces and therefore not doing anything about it, or, knowing but being unable to react appropriately to it. Exponential transformation is about so much more than just digital transformation. It is about culture, leadership, systems, technology and structuring. The good news is that there are very specific and deliberate action-sets that can position an organisation for exponential growth, and clearly the South African market has great potential to unlock and capitalise on that growth,” says Willem van der Post.