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Not Learning Is A Failure. Everything Else Is An Opportunity

You can’t gain the confidence needed to make hard decisions about accepting risks without failing first.

by
Pete Newell

Editor's note: I always look forward to sharing ideas about the most effective ways to solve tough problems and approach innovation, and my recent conversation with Dr Jürgen Strauss at the Innovabuzz podcast stands out. Among the topics Jürgen and I discussed were what it means to be a risk taker; how to get your organization to adopt a problem-centric mindset; and why the only failure is in not learning. Thanks to Jürgen for having me on the podcast. Below are some takeaways from the interview that first appeared on the Innvabuzz blog.

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In this episode, I’m really excited to have as my guest, Peter Newell, a nationally recognized innovation expert whose work is transforming how the government and other large organizations compete and drive growth.

A retired Army Colonel, Pete is the CEO of BMNT, a Palo Alto-based innovation consultancy and early-stage technology incubator that helps solve some of the hardest real-world problems in national security, state and local governments, and beyond. Pete is also co-author, with Lean Startup founder Steve Blank, of Hacking for Defense (H4D)®, an academic program taught at 40+ universities that teaches students how to quickly solve critical national security problems while performing national service. Prior to joining BMNT, Pete was Director of the US Army’s Rapid Equipping Force, charged with rapidly finding, integrating, and employing solutions to emerging problems faced by Soldiers on the battlefield

In our discussion, Pete talked to me about:

Alexander Osterwalder in episode 293 and Steve Blank in episode 326 introduced us to Pete.

Listen to the podcast to find out more.

Listen to the Podcast

https://omny.fm/shows/innovabuzz/peter-newell-the-art-of-discovery-how-to-innovate/embed?style=artwork&image=1&share=1&download=1&description=1&subscribe=1&foreground=1d313f&background=f1f1f1&highlight=6ab2e7

Show Notes from this episode with Peter Newell of BMNT

Key points and takeaways from this episode include:

The Buzz — Our Innovation Round

Here are Pete’s answers to the questions of our innovation round. Listen to the conversation to get the full scoop.

  1. #1 thing to be more innovative — Go out and discover. If you want to be innovative, you have to be more inquisitive. Go look for problems, ideas, and people who you could combine in one place to actually deliver that. Figure out how to use every sociological trick in the book to get small groups of people to collide and catalyze on something, and get them to move forward.
  2. Best thing for new ideas — The best time to develop new ideas is in crisis. Build new ideas before you have a crisis so you have something to pull from in crisis. Have a pipeline that delivers thousands of ideas, problems, and people, with the opportunity to collide in order to scale.
  3. Favourite tool for innovation — A private guru, mentors.
  4. Keep project/client on track — Pay attention to them. Look for opportunities to accelerate them. Take any chance you can get to get ahead and seize the opportunity, otherwise, somebody is going to take it away from you.
  5. Differentiate — Get educated. Practice. Get out there and get experience. Confidence comes from the repetition of doing things, and that repetition has to be made in an environment where you are uncomfortable. Understand where you can be resilient and where you cannot. The more you do this and the wider you get, the more opportunities you can work back and forth.

To Be a Leader

The art of discovery is the fastest way to get over your fears. Being receptive to feedback will teach you a lot about yourself. When you have an idea, immediately look for people to share it with, not for them to tell you how great you are but for them to give you feedback on whether your idea has legs.


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