When talking about the common good, few people associate it with its economic relevance. Not so the German psychologist and business economist Timo Meynhardt. After finishing his academic studies and working for several years in consulting, he is currently conducting research with a focus on the common good and its importance to our understanding of business. He is doing this work in his role as Managing Director of the Center for Leadership and Values in Society at the University of St.
During the conversation with the German sociologist Hartmut Rosa there was especially one term that came up quite often: Resonance. If acceleration is the challenge, than resonance might be the solution. Resonance means more to Rosa than usual; he reinvents the term. Against the background of acceleration in society Rosa deals with one of the great philosophical topics: The loss of meaning as a problem of modernity. “The major tales disappeared that are explaining us why we are here in this world.
Age of Artists flourishes steadily since we embarked on our journey to learn from creative disciplines for better outcomes in business and society exactly two years ago. When we started we didn’t even have a name for it. What was a hypothesis then has turned into a valid statement. Many of you care about our insights as we care for your thoughts and ideas about the future of business and society. We all realize simply quicker, higher or more is just not enough anymore.
Looking at business and society today many ask what the score for modern organizations should look like? At Age of Artists we suggest five objectives for modern organizations that are the foundation for what we call the purpose-built and value-based organization:
- Innovation – an organization needs to constantly innovate
- Experience – an organization needs to target a seamless and delightful experience for all stakeholders
- Social responsibility – an organization must contribute to a healthy society – locally and globally
- Sustainability – an organization must attempt to secure for further generations, not destroy
- Bottom Line – an organization must be able to sustain itself and its people
For businesses, it is obvious they must keep a sharp focus on their bottom line, as simply without that, they will not continue to exist, whereas art can exist theoretically without it.