The ExO Sprints is conducted in three main phases, each consisting of sub-components.
PREPARATION PHASE
Focus on making sure all elements are in place before beginning the 10-week process.
EXECUTION PHASE
During this 10-week phase, participants generate ideas and develop a set of ExO initiatives designed to transform the organization—and even the industry. Two streams run in tandem throughout this stage: The Core Stream is focused on innovation—adapting to external industry disruption without changing the existing business model (so as to avoid triggering an immune system reaction). The Edge Stream is focused on disruption—
on creating the next generation of organizations (new businesses outside of the existing organization), which will eventually lead the industry. Both streams are coordinated for a coherent and comprehensive outcome.
FOLLOW-UP PHASE
The resulting ExO initiatives are implemented. Some will be set up within the existing organization, others on the edge (i.e., outside the organization).