Fostering innovation within a large organisation

The video discusses the role of innovation in large organizations, highlighting the success of UCL's education consultancy, which operates on a business model that diverges from traditional university structures. The consultancy's latest project involves transforming a medicine program in Mecca, Saudi Arabia, showcasing the importance of seizing opportunities and building global networks. The speaker emphasizes the need for foresight and risk-taking in fostering growth and innovation, even in risk-averse environments, suggesting that structural changes may be necessary to accommodate new ideas.

What is a common challenge faced by large organizations when it comes to innovation?

• They are designed to maintain the status quo.

• They have too many innovative ideas.

• They lack resources for innovation.

• They focus too much on small projects.

What is the main goal of the consultancy's project in Mecca?

• To develop a new business model.

• To build a new campus.

• To increase student enrollment.

• To transform the medicine program.

How long is the consultancy's project in Mecca expected to last?

• Two years

• Three years

• Five years

• Ten years

What has been a key factor in the consultancy's growth over the past 18 months?

• Focusing on local projects

• Hiring more staff

• Reducing costs significantly

• Seizing opportunities and creating networks

What does the speaker suggest might be necessary for innovation in a risk-averse setting?

• Focusing on short-term goals

• Avoiding risks

• Maintaining existing structures

• Changing existing structures