Innovation Spotlight Interview with Peter Temes of ILO
Innovation Spotlight is a new show UIA created in partnership with The Chronicle of Higher Education. Ian and Bridget are the cohosts of the show, and Ian interviewed Bridget about the challenges she is observing on campuses across higher education, as well as the solutions she sees as useful to support advancing change.
She talked about the challenge of turnover and transition as being the key challenges impacting institutions at the moment, she recommended that always selecting co-captains and cross-functional teams to shepherd any new initiative on campus.
She also suggested that institutions should focus on their process for supporting new ideas to ensure that they have a protocol to cultivate creativity, and innovation. This can be done in a number of ways, such as brainstorming sessions, white-boarding, and “Yes-And” exercises.
Bridget and Ian then went on to introduce and interview Peter Temes, the President of the Institute for Innovation in Large Organizations (ILO), which brings together members from different industries to share their experiences and best practices.
Peter shared that the ability to learn from the successes and failures of others is an invaluable tool for organizations. By doing so, organizations can reduce the cost of failure and increase their success rate. This is especially important for small teams and organizations who may not have the resources to experiment with new ideas. In addition to learning from others, organizations can also create their own experiments and test their ideas quickly. By testing ideas quickly and looking for early signals, organizations can lower the cost of failure and continue to experiment without harm being done when the experiments fail. This will lead to more learning and a higher success rate. Small teams can also benefit from learning from other people’s failures in order to lower the cost of failure and continue innovating and achieving their goals.
What you will learn -
- Why you should prioritize new ideas
- How to lower the cost of failure
- Why it is important to embrace discovery and change
- Trust and humility are key
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