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Visions & Revisions
Creative Accounting
06/01/2007

Can you think of specific companies that are doing a good job with this now?
Hewlett Packard, Raytheon—my mind goes to manufacturing companies. They’re doing these kinds of quality systems; they’re creating special-team environments. I think the more bureaucratic companies that haven’t been successful are businesses like Xerox, Kodak and IBM. The newer companies like Google and other Internet-oriented firms use these techniques. There are also some newer companies in the nanotechnology field—Dimatix in Silicon Valley is one example—that are very quick on their feet.

Do you see concrete ways the commitment to creativity is helping these companies on the bottom line?
I can’t cite specifics, but it’s my impression that fostering creativity—however they do it—is definitely a factor in their competitive position.

Are there some kinds of businesses where this just wouldn’t work?
I can imagine some businesses where it would be less important than others, places where the work is very routine. But even in those types of businesses, the idea of tapping into the workers’ desire to make something special is something most companies are aware of. And they’re trying to access that energy more than ever before.

What drew you as a businessman to get involved with the MacDowell board?
It comes from my interest in creativity and innovation. Markem is almost 100 years old, and the reason it has survived is because of the relentless pursuit of innovation. We like to obsolete our own products, and in order to do that, we have to stay on the forefront.

I was brought up believing that innovation is a really good thing and that creativity is to be nurtured. Since MacDowell was only 20 minutes away, my parents used to take me there as a kid. I went to the studios, I talked with the artists, I felt their excitement about being here. When I was the treasurer of Markem, MacDowell needed a treasurer, so they asked me to join the board and become theirs, which I did. They were looking for someone with business experience.

So arts groups need business, too?
Absolutely. If you look at MacDowell as a business that creates value through the work of the artist, then what is MacDowell as a business? It is a very specialized hotel operation that runs 365 days a year.

If the work is a measure of success, it’s been pretty successful.
It’s been very successful.

Photograph by Thomas Hart Shelby.

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