The People Equation

“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 ...