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The People Equation

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The People Equation

Why Innovation Is People, Not Products


15 min read
10 take-aways
Audio & text

What's inside?

Innovation is your ticket to success. Your staff’s ideas are your company’s fuel.

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To thrive in today’s “fluid economy,” companies must organize around their people, the greatest force in helping to move the organization forward. Innovation experts Deborah Perry Piscione and David Crawley develop this concept in their trim, approachable guide to cultivating creativity and innovation. They illustrate how to create structural shifts in your company so you can focus on your people’s talents. The authors provide a useful overview of the requirements for using the “People Equation” to put your people first. getAbstract recommends their methods to senior executives and human resources officers who seek ways to benefit from employee innovation.


“The People Equation”

“Innovation is people.” If automation were to replace 45% of your co-workers, your business could still thrive by relying on a crucial tool: its innovative spirit. In the “fluid economy” of a rapidly changing world, the long-term health of your company requires innovation. Achieve it by relying on the wisdom of your staff members, especially your “knowledge workers.” Their “social intelligence, cross-cultural competency” and “human skills” hold greater value than their “hard skills.”

To spur innovation, implement the People Equation, which calls for providing an environment that welcomes risk taking and establishes a culture of psychological safety that spurs innovation. In “people-centric organizations” a democratic process encourages staff members to contribute fresh ideas and innovative thoughts. Everyone focuses on moving the business forward, not on personal gain.

In your quest for the next great idea, harness your staff’s creativity to thrive in the fluid economy, retain talented people and create a more valuable company. To bring about such shifts in your firm’s outlook and structure and to help your organization ...

About the Authors

Entrepreneur Deborah Perry Piscione wrote The Risk Factor and the best-selling Secrets of Silicon Valley. She and innovation specialist David Crawley co-founded Vorto Consulting.

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