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HBR IdeaCast

How the Creative Economy is Changing with Covid-19

HBR IdeaCast

Harvard Business Review

Hbr, Finance, Entrepreneurship, Business/management, Harvard, Business/entrepreneurship, Teams, Leadership, Economics, Management, Innovation, Communication, Strategy, Business, Marketing, Business/marketing

4.3 β€’ 1.9K Ratings

πŸ—“οΈ 6 April 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

Scott Belsky, chief product officer at Adobe, says that creative workers are a bigger part of the economy than ever, thanks to new technologies, more gig work, and shifting norms following the pandemic. He recommends that leaders at all companies β€” not just those in traditionally creative fields β€” understand this key component of value creation today. He explains how companies can make themselves more competitive by making themselves more attractive to the likes of designers, writers, and artists.

Transcript

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0:00.0

So you got the job. Now what? Join me, Eleni Mata, on HBR's new original podcast, New

0:08.1

Here, the Young Professionals Guide to Work, and how to make it work for you. Listen for

0:13.8

free wherever you get your podcasts. Just search New Here. See you there!

0:30.0

Welcome to the HBR IDA cast from Harvard Business Review. I'm Kurt Nickish.

0:48.4

The creative economy may be having a bit of a moment. I'm saying this partly from

0:54.4

feeling, but look at job postings, or TV ads, or just listen to CEOs talk nowadays, and

1:00.9

you get the sense that more and more companies realize that creative workers are key to value

1:06.5

creation. Now content has always been king, right? But there have been some significant

1:11.5

developments lately. New technologies, the explosion of the gig economy, digitization,

1:17.3

plus social pressures to give more credit to people behind the products. To say nothing

1:22.2

of the COVID-19 pandemic, which is exerting new forces on workers and employers. Our guest

1:28.7

today believes that companies will fall behind, unless they make themselves more attractive

1:33.2

and rewarding for writers, designers, artists, producers, or just anybody who values creativity

1:39.5

in the workplace. Scott Belski is the chief product officer at Adobe. He joined the company

1:45.4

in 2012 when he sold his startup BeHance to the firm. Scott, thanks for coming on the show.

1:51.6

It's my pleasure.

1:59.3

10 years ago, you know, back around when you sold your company, the creative economy, creative

2:04.8

class, that was a popular concept. What has been happening since then to take this kind

2:09.7

of from buzzword status to a real material trend?

2:13.8

Well, I think the most significant work changes that have benefited the creative worker, some

2:19.7

of them are trends in terms of technology and media in general. And certainly some of

2:25.8

them relate to the tools that creatives use themselves. So let's just talk quickly about

...

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