{"id":1517,"date":"2024-05-19T21:30:43","date_gmt":"2024-05-19T17:30:43","guid":{"rendered":"https:\/\/www.sureshdinakaran.com\/blog\/?p=1517"},"modified":"2024-05-29T02:30:10","modified_gmt":"2024-05-28T22:30:10","slug":"turning-up-the-volume-on-creativity-as-a-corporate-asset","status":"publish","type":"post","link":"https:\/\/www.sureshdinakaran.com\/blog\/2024\/05\/19\/turning-up-the-volume-on-creativity-as-a-corporate-asset\/","title":{"rendered":"Turning up the volume on creativity as a corporate asset!"},"content":{"rendered":"

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The business world has launched a new quest. The ancient pursuits- for capital, for raw materials, for process technology- remain eternal. But now business seeks a new advantage- delicate and dangerous, and absolutely vital- the creativity advantage<\/em><\/span> as a conduit to sustainable, cumulative, competitive advantage.<\/em><\/span><\/p>\n

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Way back in 1995, IBM<\/a> acquired Lotus<\/a> for US $ 3.5 Billion. Surely it was not just to get its software. Steven\u00a0Spielberg<\/em><\/a>, Jeffrey\u00a0Katzenberg<\/em><\/a>, and David\u00a0Geffen <\/em><\/a>did not estimate DreamWorks<\/a> worth at US$ 2.7 Billion based on traditional capital assets- it had none. These companies bank their bottom line on fresh talent and new ideas-on the creative potential of their employees.<\/p>\n

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To survive and triumph in today’s marketplace, all organizations be it airlines, accounting firms, shoe makers, retail chains, software developers- must make creativity<\/em><\/span> their number one priority.<\/p>\n

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Creativity<\/span><\/em> has both a vocabulary and a grammar<\/em><\/span>. It is both an art<\/em><\/span> and a discipline<\/span><\/em>. The jazz jam<\/em> <\/span>session is a brilliant metaphor for understanding creativity<\/em><\/span>. You understand how a group of musicians can use their ideas to create new possibilities by challenging each other’s imagination while creating collective impact and individual brilliance. At once unpredictable and harmonious<\/em><\/span>. Stimulating creativity<\/em><\/span> is a process<\/em><\/span> that can be observed, analysed, understood, replicated, taught and managed<\/em><\/span>. Contrary to popular perception. Furthermore, managers must control without controlling and direct without directing and you will see that it is not as senseless as it sounds. Managers can’t demand creativity\u00a0 any more than they can order growth from a flower.<\/p>\n

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Like jazz, creativity has its vocabulary and conventions. As in jazz too, its paradoxes create tensions. It demands free expressiveness and disciplined self-control, solitude in a crowded room, acceptance and defiance, serendipity and direction.<\/p>\n

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All this is risky. Unavoidably so. When the alto sax player starts a solo, he doesn’t know where he is going, let alone how far and for how long. His inner voice- to which the music, the other musicians, the setting and ambience and even the listeners contribute- directs him. That’s the nature of improvisation and companies that aren’t willing to take its risks are not long for this fluid, protean, constantly challenging world. Companies that shun creative risks may be undercut by competitors not only with better products and services, but also with better processes and ways of perceiving new opportunities. Escaping the stagnation of the status quo, of the risk free life, is part of the exhilaration of jamming-in music and in business.<\/em><\/span><\/p>\n

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In jazz-and in business- the improvisational style derives its power from the way it juxtaposes certain vital human tensions or paradoxes. Here’s a partial list, in no particular order:<\/p>\n

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