Dear MD Community,

I have been working on an economic utlity framework that I think can be used in the innovation space, particularly to fill in the "needs" aspect of the Innovation Power Score. I would appreciate feedback on as to whether you think it is useful or what it is missing given its goals.

UPIPL (pronounced "You People") optimizes human and organizational value when applied intuitively and in conjunction with the organizational and psychological theories already developed by others and assumed by it. Here is a link to the framework:

http://www.scribd.com/fullscreen/56011384?access_key=key-4psd10y0vd888ktf93r

UPIPL begins by synthesizing current theories of motivational psychology into six primary factors / needs / goals, under the new theory that all other factors / needs / goals derive from these six.

UPIPL then organizes business disciplines and functions around this six factor framework of human and organizational optimization.

UPIPL operates under the theory that:

(1) The six factor optimization framework forms the basis of economic utility;
(2) Money is the method of capturing and trading economic utility outside of barter;
(3) The goal of the organization is to maximize profit (and possibly stakeholder value);
(4) Profit is the difference between money received for goods and services voluntarily exchanged for the subjective optimization of human needs / goals;
(5) Organizations as human institutions designed to optimize human needs / goals optimize themselves in the context in which they operate through the six factor framework as applied at the entity level.
(6) Organizations optimize profit, stakeholder value, and long-run viability when most closely aligned with the optimization of human needs / goals.

As said, these frameworks naturally assume and synthesize all precedents in these areas, and are most useful when the empirical tools of analysis directed toward their specific parts get employed in order to draw connections between and optimize them.

I hope you find them useful in your own life and work and would appreciate any feedback on it. Thanks!