Business

Three Methods The Art Fuels Business Growth.

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Art can be a massive asset in the current economic climate and is a powerful method to connect people and improve their quality of life for people. According to my organization’s 2024 State of the Art Report, 96% of the respondents think that art improves the living quality of those who work in office space.

More than just beautiful artwork on the wall, art can drive growth. When used to help in early business development, it can be used to create positive change throughout the organization. You should consider three points when deciding whether ways to incorporate art into your plans for development.

Expression of a Brand’s Image Through Artwork

Businesses rely on their brand’s visibility and reputation. Art can tell a story in a way that no other medium can. Improving your brand’s image by presenting a compelling narrative. Art can remind your employees, customers, and the broader community that you’re who you’re and the values you are about while creating a distinct space for your business.

Through the expression of your brand’s identity through artful design, create a space that reflects the mission and values of your company. In addition, it will draw customers to your business (and keep them there for longer). It will also help increase the credibility of your brand and allow you to be recognized incredibly in authentic and genuine ways.

When choosing artwork to represent your company’s image, be sure to consider a variety of artists, mediums, and subjects. This can result in a rich and diverse selection that provides an array of options for all and results in a cohesive artwork specifically curated to enhance your company’s story.

If they are brought in early in the development process, art consultants will work with designers, developers, architects, and other professionals to ensure that the collection aligns with the space’s branding and acts as an indicator of the brand’s values.

It could be as concrete as a piece of work like Denver Water, where my company created three large-scale outdoor sculptures that depict different aspects of water. Or, as the project with Home Advisor, where we assisted them in filling their office with art that plays with different ways of thinking about home.

But the expression of your brand via artwork is also possible than just metaphorically. For instance, my team worked closely with employees from The Denver arts and cultural group, Bonfils Stanton Foundation, to collect works by various local artists, resulting in offices where employees can feel a sense of connection to the community of creatives their organization serves.

In any case, using artwork to visually represent the brand’s image is not an easy task. If you decide to hire an art expert, ensure that they collaborate closely with designers and developers to get to know the company’s identity and connect it with visual concepts and concepts. The result will be an artistic experience that will bring the brand to life and connects with the desired target audience.

Art As A Way To Commit To DEIB

Today more than ever before, companies are being asked about what they believe in and how they can put actual actions behind their claims. Artwork that is diverse in its subject and perspectives can show your dedication to diversity, equity as well as belonging, inclusion, and diversity (DEIB).

About 70% of participants in my survey believe that the primary purpose of art is to help build an understanding of culture and social equity. However, in their most recent projects, only half of the artists we surveyed had female artists in their portfolios 35% showcased artists who identify with being Black or Hispanic, and 15% included an artist who identifies as LGBTQ.

Art can demonstrate a sincere belief in the value of the human experience and help create a community where everyone feels welcome. A commitment to art can be a fantastic opportunity to show how your business is living in line with the DEIB commitment. To achieve this, the artwork you choose to include should reflect a range of backgrounds, reflect the local community, and help the careers of young and marginalized artists.

Increasing your Return On Investment (ROI) Through Art

Beyond the visual aspect, Artwork that local artists have carefully selected can generate publicity and goodwill, connecting employees, customers, and the general public.

More than 90% of the business leaders who participated in my company’s survey said their initiatives would not be as productive without art. A positive experience with art allows companies, from multifamily developments to hotels, to attract higher rates and extended reservations. Employers with offices decorated with art could also boost the recruitment of employees, retention of them, and satisfaction and efficiency.

One of the most significant issues we receive from our clients is the ability to distinguish their properties from others. This is particularly true when the costs of development and construction increase, putting pressure on the budget for art. The best method to get around these challenges is to think about art in the early stages of developing the project. This will ensure that the experience is seamless with the design, architecture, and operations and not being a secondary consideration that leaves a minimal impression on visitors.

When they are brought in earlier, experts in the art can aid in maximizing budgets for artwork and reduce costs by planning dramatic art events that leave a lasting impression on people who interact with the space. If they begin early and work closely with other stakeholders, the project experts can design spaces for striking, iconic art that is impossible anywhere and everywhere else.

Next Steps to Build the Business Case for Art

Art can be a catalyst for the growth of businesses. However, to make art that is a meaningful and memorable experience, it’s essential to start early in the project’s development phase to ensure the best results.

The bottom line is that projects are more efficient when all the stakeholders, decision-makers, and experts collaborate. This can help improve budgets, art location, artist selection, etc. By leveraging leaders’ wisdom, collective experience, and the transformational power of art, a business can generate genuine opportunities to grow and achieve success.

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