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 RichardsonRecent 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 DirectorInternational Center for Enterprise Preparedness (InterCEP)New York University113 University Place, 9th FloorNew York, NY 10003 USAT +1.212.992.9931F +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
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-----"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?