Capabilities – The Essential Fuel to Ride the Exponential Curve

The three elements of the third Strategic Planning for the Exponential Era (SPX) loop, formulate a rough plan, are develop priorities, develop risk–opportunity–capability map, and determine capabilities. This chapter unpacks the key questions to address in the SPX process and discusses five broad categories of organization's capabilities: people, process, technology, markets, and capital. People, process, technology, market, and capital capabilities combined allow organizations to deliver value to stakeholders. A holistic view of capabilities in light of potential risks and opportunities is a powerful tool in the selection of prioritized undertakings to pursue. The objective of second element is to determine how to take advantage of time‐sensitive opportunities while minimizing risks, given the organization's current or future set of capabilities. The goal of third and last element is to create a priority list of horizons to pursue and identify potential capability development areas in readers' organization.