Innovation from the Battlefield to the Boardroom with Pete Newell
Oct 25, 2018
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Retired army colonel and Silicon Valley investor Pete Newell discusses bringing battlefield problem-solving techniques to the boardroom. Emphasizes the importance of understanding the problem before offering solutions, innovation exhaustion, and the need for internal and organizational transformations for advancement.
Identifying problems and guiding teams towards innovative solutions is key to successful leadership.
Establishing an innovation pipeline from idea sourcing to scalability prevents innovation exhaustion.
Recognizing individual strengths and fostering collaboration are essential for impactful innovation teams.
Deep dives
Veteran's Transition to Innovation
Pete Newell's journey from the battlefield to the boardroom exemplifies accidental serendipity leading to innovation. Despite lacking a background in technology, his tactical skills proved invaluable in problem-solving. Transitioning from the Army to building an innovation engine, emphasizing problem focus over product focus, showcased the importance of matching technology to relevant issues.
Collaboration for Innovation Success
Establishing an innovation pipeline is essential, starting with sourcing ideas, curating problems, validating solutions to fostering incubation and scalability. Collaboration and discipline in connecting diverse activities prevents innovation exhaustion. A key insight highlights the need for a disciplined approach integrating disparate activities for successful innovation.
Cultural Shifts for Organizational Change
Enhancing collaboration and understanding individual strengths as innovators, makers, or hackers can foster a diverse and impactful team. Recognizing the role of entrepreneurs in navigating challenges and taking calculated risks is vital for successful innovation. Leadership plays a critical role in fostering change by empowering and supporting individuals in an organization.
Leading through Experience and Diversity
Drawing on military experience for rapid problem-solving, Pete Newell highlights the confidence and adaptability gained from diverse challenges. Fine-tuning leadership involves nurturing diverse teams that thrive on mutual respect and responsiveness. The podcast reflects a commitment to simplifying complex problems by leveraging proven methodologies for innovation.
Inspiration for Innovation and Change
Pete Newell's insights on combating innovation exhaustion, understanding individual roles in innovation, and the necessity for organizational change offer valuable lessons. Balancing internal adaptation and customer-centric design are crucial for sustained innovation. The podcast emphasizes the need for embracing change at personal, organizational, and cultural levels for continuous progress.
Closing Thoughts and Future Expectations
The engaging conversation with Pete Newell encapsulates the essence of innovation and the drive for change in organizations. The transition from battlefield tactics to boardroom strategies underscores the importance of diverse thinking and problem-solving. The podcast inspires a reevaluation of innovation processes, leadership styles, and collaborative approaches for future growth and success.
Welcome to the What's Next! podcast with Tiffani Bova.
This week I am excited to be chatting with retired army colonel and Silicon Valley Investor Peter Newell! Pete is the co-founder and a managing partner of BMNT, an innovation company that provides early-stage investment to companies developing technology for the commercial market that have relevant applications in solving national security problems. He is a co-author of Hacking for Defense, a platform that merged the rapid problem-solving techniques curated on the battlefields of Iraq and Afghanistan with a lean startup methodology developed by Steve Blank in Silicon Valley. Pete is a former Army Ranger who has received numerous military awards and decorations, including the Silver Star and the Presidential Unit Citation. It's an honor to have Pete on with us today to discuss innovation, deploying, and forward-thinking.
THIS EPISODE IS PERFECT FOR…
Leaders who are interested in identifying and fixing problems and who want to move their teams and companies forward with an innovation-focus.
TODAY’S MAIN MESSAGE…
Today’s episode is all about bringing the battlefield to the boardroom and re-engineering the problem. Rather than sell products your job as a leader is to identify the problem and guide your team and your customers to an innovative solution. Lack of investment in understanding the problem is what ultimately leads us to failure.
WHAT I LOVE MOST…
I love the concept of innovation exhaustion and the difference between “innovators,” “makers,” and “hackers.” I love that distinction along with the thinking around deploying an idea and making sure you design what people are actually looking for–thinking about the customer. It's necessary to be innovation-focused if we want to keep pushing ourselves, our people, and our companies forward.