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Dear Aacorners,
it was already october 27 when I asked:
"What I'm interested in is to know if you perceive this crisis as a chance for art/aesthetics in business/organisation/management?"
Some Aacroners answered and then suddenly, the discussion stopped. (See below) It's already half a year ago. The economic crisis is still a matter of fact. What do you think now?
 
And I will ask another existential question:
Who are the artists within the aacorn network (who are not already in contact with me) making a living exclusively by artprojects in companies?
What are the consequences of the financial and economic crisis for you and how do you deal with that collapsing situation where all efforts of the past seem to be in vain.
 
Thanks for any comment.
Best
Jügen
 
 
----- Original Message -----
From: [log in to unmask] href="mailto:[log in to unmask]">philippe nmairesse
To: [log in to unmask] href="mailto:[log in to unmask]">[log in to unmask]
Sent: Tuesday, November 04, 2008 5:43 PM
Subject: Re: actualisation

What a silence suddenly....It looks as if Aacorn had been turned off since
these promissing exchanges on finance and art....Paul, David, Daved, Jürgen,
Matt, Steve Michael, and others aacorners, where are you ? I miss your words
I hope "I" didn't reduced the list to mute
;-))
philippe

 
 
----- Original Message -----
From: [log in to unmask] href="mailto:[log in to unmask]">David Weir
To: [log in to unmask] href="mailto:[log in to unmask]">[log in to unmask]
Sent: Tuesday, October 28, 2008 6:29 PM
Subject: Re: actualisation

Dear Philippe;
 this is most interesting. Many great insights to which I add some small ones.

 One thing that I try to do and am doing it now with a group of Executive MBA people is to get them to work on conceptualising aspects of the verbal world in terms of group presentations that have to have a strong visual or poetic element to get these ideas over.
 Sometimes I can challenge them by asking dumb questions like "Bottom Line? where is the bottom?... What is it the bottom of?.... I am not an accountant so I don't see what is the "top" either... "and so on until I ask again in rather a dumb way "Well can you draw it?" Or "It sounds as though balance is important in that, so can you balance that in another way, maybe is there a poem in that?"

Sometimes we can take a concept like "Best practice" or "Benchmark" and ask them to draw these concepts so that they can attempt to limit the range of the possible in a visual way and realise that there can be no "Best" if you cannot visualise infinity.

I always allow a choice of how they present. Usually some groups try to do very conventional presentations with run of the mill charts, diagrams, tables etc... but then some of the other groups who have been more adventurous will shout out "Draw it!!" or "If you can't see it, you can't say it!"

I have an advantage in that as I am old and wear a pinstripe business suit for these sessions they figure that I cannot possibly be as dumb as I sound but as I am clearly an old Professor and must know something, they may as well go along with it and humour me.
 Afterwards they often  say somethng like "Well, that was very different! I see things in a different way!"
Best regards
David

 
----- Original Message -----
From: [log in to unmask] href="mailto:[log in to unmask]">Paul Shrivastava
To: [log in to unmask] href="mailto:[log in to unmask]">Jürgen Bergmann
Cc: [log in to unmask] href="mailto:[log in to unmask]">[log in to unmask]
Sent: Tuesday, October 28, 2008 2:03 PM
Subject: Re: actualisation - Opportunity in the Global Financial crisis

Jurgen, David, Matt, Phillipe thanks for priming the pump on this discussion. As a student of technological and industrial crises I find this a very fruitful line of inquiry.  And Matt's referenced article is exactly the kind of work that is needed.

I agree this financial crisis is a huge game-changing opportunity for considering wholesale redesign of the global economy.  I am attaching a commentary that I did for the Economic and Political Weekly of India.  In that I argue that the global economy needs to be weened away from credit and leverage, over consumption, towards sustainability. My vision of sustainability simultaneously seeks to protect/improve Nature (external environment) and Passion (internal environment).  This means paying attention to the emotional and somatic understanding of and in organizations.  This has implications for consumers, employees, the public, design of product/services and production systems, and suppliers - in other words -  the whole corporation.  

Art and aesthetic is a deep source of human satisfaction and can be a guide to designing products, production and consumption.  Our challenge in AACORN is to develop the the intellectual and emotional tools and seize the opportunity to make aesthetics relevant to the global financial crisis.   We need a vision, theory, and practical tools for creating aesthetic sustainable enterprises and economies.  

A modest proposal would be to gather a group of researchers/practitioners/artists to address key implications of the global financial crisis for organizational aesthetics and vice versa.  This could be the basis of a book.  I am on the Editorial board of Stanford University Press Series on High Reliability and Crisis Management.  The series is interested in a volume on this topic.   If you have interest in this, please drop me a note on what aspect you would be willing to address





Paul
 
----- Original Message -----
From: [log in to unmask] href="mailto:[log in to unmask]">philippe nmairesse
To: [log in to unmask] href="mailto:[log in to unmask]">[log in to unmask]
Sent: Tuesday, October 28, 2008 11:00 AM
Subject: Re: actualisation

Hi Matt, nice to talk "to" you again (remember Berlin?)
 
Hi Jürgen, what a fertile input you made ! Thanks.
 
I second Matt's post totally, and wish to focus on his line "advance alternative modes of engagement as scholars and practitioners, even as we remain sensitive to the potential for our efforts to become instrumentalized in the process".
 
I wish to rapidly describe two cases we recently dealt with here, together with Patrick Mathieu :
 
1) we produced an long term analysis for a big international assert mangement and private bank. We demonstrated that both the stakeholders, the top managers and the clients shared a common vision and "ambition" about a step-by-step progression towards learning how to better spend money, in a respopnsible and unselfish way.
We also showed (to the extend that the company is now examining how to implement practical processes and methods), how this ambition is realised through a very specific management method, similar to some we observed within artistic cooperations. We discovered how their most complex financial hedge fund product was in fact based on a specific collaborating management process, that could appear paradoxical but which in fact attract people and money on a highly "creative community building" untold stake.
We also discovered, and shared with them, how the process of "better spending out money" is linked to the feeling of living under a "Big Above All" , and to the wish of asymptotically stepping upward to an unreachable level of life, represented (and valuated!) through financial assets and their management. We had to detect and describe where lies this "Big Above" (in that case mainly represented by the Name... sounds familiar??), and how it manifests to stakeholders, managers, clients and employees ( it also showed the accuracy of the contemporary question : how to deal with an absence of such a feeling, and it showed how this apparent absence may often be a hidden presence under such garments as financial materialistic and immoral interests). 
 
2) On another opportunity, working for a big international money transfer company, we showed the actual outcome and unconscious need of the company and their clients was linked to enabling a double-cultural belonging feeling, and that their should develop by creating a renewed conception of the symbolic debt, leading to a renewed conception of money sending as lending (sharing the debt rather than  paying it back, as there is now noone to receive the payment and credit you for it), leading to a renewed conception of credit considered as a "potlatch" (mutual gifting process), thus enabling re-setting the landscape of responsible development and financing developpeing cutures... and a promising business opportunity for the company.
 
In both cases, the question of high finance processes was not analysed through financial, mathematical, or game / risk analysis tools, which are only smoke produced by the fire. We focused on people and their words, in order to discover the deep underlying socio-psychological drives, and make the connection between financial tools / products / outcomes and individual / society concerns. This revealed how the creation (of products, of feelings, of cultural settings) is entangled with financial processes (who would doubt that ?). And most interesting, we showed how we, not at all financial experts nor big money-makers, were able to deepen the understandings of main actors in the field. Our analysis and advices were not only listened to, but practically followed by them, thus installing among the companies and people a more humane relationnal model : a meaning.
 
Though the results we got were highly metaphysical in a way, we didn't tried to introduce thoses finance people  directly into philosopical or metaphysical issues - even if we had succeeded and had been listened to, the link with action would have been left to the managers' will and ability to translate philosophy into acts... what even Plato failed.
We neither did use arty tools or forms. 
We instead started from the strong belief that a form is only culturally active when it embodies a relation, and that financial products (as any good or service) is such a form.
As an artist I feel involved into the world, its understanding and its shaping, more directly than I ever felt in any show I was part of.... and it raises really hot questions on aesthetics and economy, forms and meaning, producing and showing.
 
I drop off here,  to let you reacting and taking my poor inputs a bit further
 
Philippe
 
 
 
----- Original Message -----
From: [log in to unmask] href="mailto:[log in to unmask]">David Boje
To: [log in to unmask] href="mailto:[log in to unmask]">[log in to unmask]
Sent: Monday, October 27, 2008 6:11 PM
Subject: Re: actualisation

This is an interesting set of exchanges by AACORN on the recent financial crisis.

I have been working with an accounting professor, Bill Smith, looking at the rhetoric of the US TARP (Troubled Asset Relief Program), at the rhetorical and of course the storytelling moves and what Barker calls discursive formations.  There is a great deal of fear rhetoric by the administration, where assets become 'toxic' as in 'toxic waste.'  I agree with Matt, that is a gross reduction of metaphysical and epistemological assumptions about complexity of socioeconomic life and what colleagues and I called the lived experience of "living stories" that are part of ontology of Being. There is a spread globally  in the way the financial, media, and political discursive communities deal with rescue of the banks.  There is a good deal of bending and breaking of the rhetoric of laissez faire capitalism, as nation after nation joins the bail out, at the edge of the abyss.


david


On Oct 27, 2008, at 8:26 AM, Matt Statler wrote:

Hey all-

 

I wanted to pick up this thread and respond to Jurgen’s initial question:  I believe the crisis provides a huge opportunity to the extent that it shows the limits of very specific and very pervasive metaphysical and epistemological assumptions that reduce the complexity of organizational (and economic) life, zero out the richness of lived experience in production function equations, and ultimately (it must be said) engender only MORE quantity rather than BETTER quality.  To the extent that this distinction itself begs for aesthetic critique, I think it’s a great time for AACORNs to advance alternative modes of engagement as scholars and practitioners, even as we remain sensitive to the potential for our efforts to become instrumentalized in the process. 

 

On that note, a friend and I recently tried to trace out one small angle of this whole mess in an article:

 

 

Aesthetics and the Topology of Risk, Matt Statler and Robert Richardson
Recent strategic management research suggests that organizations operating in volatile environments can become more strategically prepared to deal with unexpected change by cultivating practical wisdom among their leaders and decision-makers (Statler & Roos, 2007, Statler, Roos & Victor, 2006, Statler & Roos, 2006). In this paper, we argue that arts-based, ‘aesthetic’ process techniques can be used to help enterprise risk managers become more strategically prepared to deal with unexpected changes of all kinds. We support this argument by 1) reviewing the recent organizational research that clarifies the relevance of arts and aesthetics for organizations; 2) introducing a distinction between the algebraic calculation of probabilities and the topological imagination of potentialities; and 3) reflecting on how aesthetic methods might be used to enhance risk identification and assessment practices, with particular reference to the collapse of global credit markets in 2007 and 2008. Our goal is to show that the insights generated through aesthetic approaches to risk-oriented decision-making are not just generically different from more traditional approaches, but supportive of practically-wise responses to emergent change.

 

At another level of analysis, I can simply testify that here in Manhattan the aesthetics of the financial market collapse are palpable all around…

 

Looking forward to hearing more perspectives on this topic!

 

-Matt

 

Matt Statler, Ph.D.
Associate Director
International Center for Enterprise Preparedness (InterCEP)
New York University
113 University Place, 9th Floor
New York, NY  10003  USA
T +1.212.992.9931
F +1.212.995.4614

 

-----Original Message-----
From: Aesthetics, Creativity, and Organisations Research Network [mailto:[log in to unmask]] On Behalf Of Stephen Carroll
Sent: Monday, October 27, 2008 10:43 AM
To: [log in to unmask]
Subject: Re: actualisation

 

Just last night I was having dinner with a finance professsor who was deploring the inability of the finacial community to more effectively communicate realities of the world of finance. I now have a basis for a dialogue which honestly did not occur to me before.

 


 
Stephen (Steve) Carroll
Maryland Business School
301/405-2239
[log in to unmask]

 

-----"Aesthetics, Creativity, and Organisations Research Network" <[log in to unmask]> wrote: -----
To: [log in to unmask]
From: Daved Barry <[log in to unmask]>
Sent by: "Aesthetics, Creativity, and Organisations Research Network" <[log in to unmask]>
Date: 10/27/2008 08:47AM
Subject: Re: actualisation

This is very timely! I've recently been working with one of our finance
professors around how to make financial models more humane and less
reductionist. She's long been wanting to shift these models (eg. real
options models, capital asset pricing, net present value, etc)--away from
wealth maximization and moving towards maximizing the utility of wealth
(read, enjoying what you have more). It's been tough going so far, but we
continue to have discussions around it. Part of the discussions are around
how such models can have richer inputs (e.g. using pictures to tease out
what's important to numerically model), while others are around how to make
more interesting numerical representations (ones that are more open). D

-----Original Message-----
From: Aesthetics, Creativity, and Organisations Research Network
[mailto:[log in to unmask]] On Behalf Of Elmes, Michael B.
Sent: Monday, October 27, 2008 11:41 AM
To: [log in to unmask]
Subject: Re: actualisation

Interesting question, Jürgen. Before this crisis occurred and the walls came
tumbling down, there were many in the financial services community (like
hedge fund managers and investment bankers) who argued that the tools of
financial engineering were indeed VERY artful if you were looking for
creative ways to make lots of money.  Obviously, the pendulum is starting to
swing the other way and, in the US at least, we are entering a new era of
regulation (thankfully). I think that the question of how art and aesthetics
might play out in this economy is an interesting one; a colleague who runs
projects for banks and investment firms on Wall Street just asked me if I
knew of any faculty who used models of physics to study risk because a
sponsor saw possibilities for it...so people in the investment community are
looking for new and creative models (although on Wall St at least, models
that will make significant returns). 

I would love to see how art and aesthetics in business and organization
might help people (especially Americans) learn to do and enjoy more with
much less - fewer possessions but perhaps more beautiful ones! 

Cheers,
Michael


________________________________________
From: Aesthetics, Creativity, and Organisations Research Network
[[log in to unmask]] On Behalf Of Jürgen Bergmann
[[log in to unmask]]
Sent: Monday, October 27, 2008 5:09 AM
To: [log in to unmask]
Subject: actualisation

Dear All,
the actual financial crisis will affect or affects already the global
economie.
What I'm interested in is to know if you perceive this crisis as a chance
for art/aesthetics in business/organisation/management?
If yes, how would you argument?
And if those arguments are valuable, would it not be AACORNs duty to adress
those arguments to influential and important individuals, institutions and
organisations?
I'm curious to see what comes up!
Al the best
Jürgen

P.S.: There is always the feedback of new members of AACORN that there is no
exhaustive list allowing to see the biographies and profils of all the
members. Please use the possiblities of
www.aacorn.wikispaces.com<http://www.aacorn.wikispaces.com> to set links to
existing bios and profils (for example already published in the homepage of
AACORN) or create a short page within wikispaces so that newcomers are able
to informe them-selfs who is who!!!

P.SS.: I had some questions of non-AACORNers if we have to do with the ACORN
organisation in the US! How to deal with that?